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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (13621)9/12/2003 3:13:59 PM
From: Les HRead Replies (1) of 306849
 
Sprawl by any other name: anti-smart growth movement

motherjones.com

"In Virginia's Loudoun County, for example, where builders have been limited to just one house per 10 acres in most areas, county planners fully intend for new homes to be expensive, big, and spread far apart. The chairman of the board of supervisors recently told the Washington Post that a homeowner buying a single-family home valued at less than $439,000 doesn't pay enough in property taxes to pay for services rendered: "We are somewhat tired of having to build a classroom every week to keep up with growth in the county," Chairman Scott K. York complained. "People cannot afford to have their taxes go up to build school after school." Yet Loudoun is the third richest county in the country -- if its residents can't afford more schools, who can? "

New suburbia: welcome to the land of the giants

smh.com.au
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