Two trends which I am familiar with are the excess development of South Florida and Harris County.
Both driven because the county government is funded by taxes on property rather than commerce.
To achieve growth in the bureaucracy, taxes have increased as fast as possible, and additional property developed at a growing rate in order to increase its taxable value.
In Florida it's lots of building only slightly above sea level so there's risk from the beginning, in Texas as more of the watershed/flood plain is paved neighborhoods that were not at risk before have become underwater estates.
>They need higher flood insurance premiums to discourage building.
We already have that. Just results in more people becoming uninsurable. Regulation would probably be better, but county governments are incentivizing toward developers who can afford to work around this type of discouragement anyway, which is one of the cases where it pays more than regulation. Now that the damage has been done, the most pro-development Harris County Judge of all is no longer in power, but there's still residual momentum, and it's a little too late. You should have seen it this week.
Looks like some "Real Estate" systems have been selling you false estate since the beginning. After all you can not disprove that the purpose of county government is corruption.
I can only imagine what would happen if you got unscrupulous developers mixed up with government like this on a larger scale.
Both driven because the county government is funded by taxes on property rather than commerce.
To achieve growth in the bureaucracy, taxes have increased as fast as possible, and additional property developed at a growing rate in order to increase its taxable value.
In Florida it's lots of building only slightly above sea level so there's risk from the beginning, in Texas as more of the watershed/flood plain is paved neighborhoods that were not at risk before have become underwater estates.
>They need higher flood insurance premiums to discourage building.
We already have that. Just results in more people becoming uninsurable. Regulation would probably be better, but county governments are incentivizing toward developers who can afford to work around this type of discouragement anyway, which is one of the cases where it pays more than regulation. Now that the damage has been done, the most pro-development Harris County Judge of all is no longer in power, but there's still residual momentum, and it's a little too late. You should have seen it this week.
Looks like some "Real Estate" systems have been selling you false estate since the beginning. After all you can not disprove that the purpose of county government is corruption.
I can only imagine what would happen if you got unscrupulous developers mixed up with government like this on a larger scale.