"Minor" subdivisions of land
Aozotorp at aol.com
Aozotorp at aol.com
Sat Aug 18 12:38:55 EDT 2001
In a message dated 8/16/01 9:35:30 PM Mountain Daylight Time,
marc at aculink.net writes:
<< At the state level it's been the same problem in Colorado.
There has been considerable controversy at the state level
but no one has been able to come up with a solution. We have
had a massive influx of out of sateres - especially
Californians who got some BIG money for their little houses
that will buy a BIG hunk of Colorado. The governor was
actually upset at the lack of progress.
At the county level the power is quite variable and the
State Legislature was attempting to work up a state wide
plan to manage growth.
Of several selfish special interest groups was a strong
political movement of farmers and ranchers opposed to things
that would cause a property devaluation without
Farmers and Ranchers are so difficult to get to cooperate.
You'd think it was their land.
Letter to the editor from Westword - Weekly Magazine in Colo!
Little housing subsidy on the prairie: Sprawl is simply government-subsidized
housing for homeowners, $110 billion per year in the form of
mortgage-interest deductions, capital-gains exclusions and property-tax
writeoffs. These tax gimmicks are supported by three powerful
special-interest groups: the real estate lobby, the banking industry and the
Families with yearly incomes of over $100,000 receive the major share of the
subsidized-housing benefits. The main economic effect is to inflate the price
and size of homes while diverting investment away from other sectors of the
economy. The home-mortgage interest deduction costs the federal government
more than twice as much as is spent on low-income housing assistance and
low-rent public housing. There are no limits or restrictions on it -- the
deduction applies to summer homes in Aspen and beach compounds in Key West.
It's worth about $5,000 a year, on average, to individuals making more than
There are no facts that support the real estate industry's contention that
these tax gimmicks promote home ownership. Canada has the same rate of home
ownership as the United States, without the benefit of the tax subsidies.
Help stop the renters' penalty!
Abolish all forms of homeowner-subsidized housing!
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