Quote:
Originally Posted by TiltonBB
Housing for the wealthy?
Generally, by the time people have achieved significant wealth they are older and beyond their child bearing years. Not always, but more often than not.
If they build a home and pay taxes their burden on the town is small and their financial contribution is larger than any services they require. They also patronize local businesses and their dollars help the local economy.
How will it improve your life? Your taxes will be lower and there will be more viable businesses for you to spend your money at.
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New development adds roads that need to be plowed and maintained and need more police to patrol. More ambulance calls means more Fire/rescue people and there will be pressure for an added fire house, and more full time staffing. Let's say it costs $100K to hire somebody with training, retirement, health insurance etc, it will take a dozen houses at $8000 tax each to hire that person, And $50K to give him/her a patrol car. Same for a firefighter plus $250K for an ambulance and how much for an added station?
Every time I hear "fallen and needs help" on the scanner, it means an ambulance and an engine both roll as they need four people, and a patrol car goes too. Maybe two if it's a busy area and needs traffic control.
Right, less school burden, but there is not much profit in taking care of old people unless you run a retirement community.