Minimum $2000 Builders Fee
On July 1, 2008, homebuilders throughout San Diego county will have to ante up at least $2000 for each new home they construct. The $2000 minimum fee was passed as part of the TransNet measure by voters in 2004. Almost half of the jurisdictions in San Diego County passed that fee on back on 2004. Low and moderate house and condo conversions may qualify for fee exemptions.
TransNet Sales Tax Measure
The TransNet sales tax measure included this builder provision. We had extended the 1/2 cent sales tax increase for transportation improvements. Now is the time when all jurisdictions must approve the local fee program and ante up their share.
Courtesy of William Johnson GRI CRS e-PRO author of The Real Estate Text Book , The Voice of San Diego Real Estate
 |
|
|
I consider San Diego an excellent place to live and would love to share with you my enthusiasm for the many communities that encompass it. Looking forward to assisting you with your Real Estate needs.
There is Some Good News in the Financial Market affecting San Diego
The Poseidon Desalination Plant For Carlsbad Still Awaiting More Approval
A San Diego Treasure...........The San Diego Zoo
Summer Nights at The San Diego Zoo With A Wonderful And Talented Showcase
Despite Severe Drought, San Diego County Water Authority Says No Mandatory Restrictions
New California Cell Phone Laws Go Into Effect July 1, 2008
Is the Buyer's Best New Opportunity Today- And Is It Fading? Check Out This Analysis
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
$2000 her and $2000 there are pretty soon, your're talking right out of range. This happened with impact fees around here. Homes got so expensive only the high incomes can qualify, the low incomes get subsidies and the middle is left to buy in the old neighborhoods.
It's called Urban Planning.
It is reported that the first 100,000 in construction costs fees here in san diego goes to city,county and in some form of fee. And they all complain that there is no affordable housing. How could their be? Reading skills beyond 6th grade level should be mandatory. It is the old expression of keeping on doing the same old thing and expecting different results. Not gonna happen.
I would say in 2004 they didn't anticipate 2008....Ouch!
William, this is nuts. It's only passed onto the consumer, which of course is yet another added dollar to their new home. The first 100K goes to fees? That's crazy.........guess they'll have to move to Arizona. ;-)
Hi Joan, That was my very first thought. It is so difficult when we live in the moment to see how things would be at other times and in different economic realities. Great observation Joan and Thank so much for your support.
Hi Teri, These things just go on, no one seems to notice or cares and it just becomes part of the enormous cost of living here.
William, the sad part is that the builders will more than likely just increase the price of the property and pass it right on down to the buyer.
That is in fact what has happened with this right along. At some point there needs to be a recognition by consumers that these measures ( hidden taxes) can not continue. The government is taking in more revenue and it is becoming just a large employment agency. One in 4 are somehow benefitting from some form of income or employment. This is just nuts.
William - isn't that yet another example of the "Tax Them, Don't Tax Me" philosophy? It certainly does add to the cost of housing.
Hi Sharon, I think this country , the people and the government have expanded entitlements to the point that there is no other choice than to give with one hand and take back with the other. It is out of control and regrettably, the bell can't be un-ring. I would take some powerful leadership and a consensus for an extended period of time to straighten it all out. I don't believe the needed consensus even exists any more. So the short answer is we will have to do the best we can. The longer term answer is not nearly so optimistic. Resolve with a capital R and that doesn't seem to be there at this time.