Quote:
Originally Posted by shoemakerinc
Question, does the town make more money per house vs larger lots? Like why are they not building any large custom homes like Springfield, larger homes on the same amount of land? That brings less people into the schools for sure and those larger homes probably pay double what the $200 homes do. There seems to be enough of that lower price range now anyway with all the new coming in. How does that work? I know the builder will sell less homes but the big ones are double or triple that price so isn't it all the same??
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The county and town/city does not money off the land.. they make money off the homes. More homes, more lots more tax revenue. Lets say you have 10 acres of land that is owned by a single resident. The single resident wants to sell the 10 acres to a developer. The developer goes to the county to have it rezone into what he recommends. The county votes on it and the parcel is sold. So who makes the most the money? Everyone does in the deal:
- Land owner with 10 acres sold to the developer for a $1 million. (say $100k per acre)
- The developer sells 20 lots at $150k per lot. ($3 million total sales, profit of $2m)
- The County and Fort Mill makes money of the tax revenue generated by NOT having zoning enforcements or codes to restrict the number of homes per acre of land.
If York approved the rezoning to .75-1 acre lots going forward for all new construction.. Id be ecstatic! Jump for joy everyone... but they dont... why?? Because its all about the greedy pockets York and Fort Mill wants to line in their coffers from the tax revenue. If the example 10 acre parcel of land was divided only by 10 instead of 20 lots... well... you get the picture...
Any person running for office that can curb the crazy zoning laws around here has my vote. Im all for growth and prosperity.. but its getting a little ridiculous with the cookie cutter homes stacked one on top of each other and a yard that has 10x10 feet.
Demand Public space.. Parks... trails... and new zoning that sets back commercial development from the roads . Ever drive through Bluffton/Hilton Head.. Ever business is set back in the trees.
#1 - change the residential zoning laws to avoid these .25-.35 lots. Minimum lot size should be .5-1 acre with the limitation of how many trees can be cut down when clearing.
Its all on York County to fix this. Fort Mill just follows the county on what the law says. The developers are basically getting their way. Have a few million bucks and some connections.. you too can buy land and flip it.