I did some ranting last year about City council waiving electrical hookup fees for rich developer Deorald Finney – which cost the City approximately $72,000 in lost fees [5/21/19 page 10]. City council (most of whom are reliant on the taxpayer for their OWN salaries and only one of whom has an inkling of the real business world) was in such a huge rush to “promote development” that they just gave away the farm for no reason at all.
Proof they did the wrong thing comes today in the latest Dispatch (5/28/20 page 7) – where we learn that while everyone else was forced to stay in their homes like scared rabbits this spring – and many business were wrecked and jobs lost – Stone Valley was just chugging right along on their construction.
In fact, according to the article: “Danielle Sheppard, a Lampasas resident who works for Coldwell Banker: ‘We are definitely in a seller’s market.‘ The supply of available homes has had a hard time keeping up with the demand for housing as more people flock to Central Texas.”
How nice! Deorald will have no problem selling his houses for TOP DOLLAR…and he gets an extra $72k to boot, thanks to the dummies on City council!
Of course, Deorald is not only helped by City council handing him free shit, he’s also helped by the morons at the Federal Reserve who have pegged rates at zero (yet again) in order to screw savers and encourage reckless borrowing. I guess it pays to have the largest lobbying group in Washington DC.
Economic lesson for City council dummies: when people are fleeing liberal dumps like San Francisco, New York City and Chicago and choosing Texas in droves anyways, YOU DON’T NEED TO HAND OUT SUBSIDIES. They are coming here no matter what. If anything, you should be extracting an extra pound of flesh from these guys…after all: IT’S A SELLER’S MARKET!!!