The community is in debate and while I have my own opinion that I suspect many of you agree with I still want to see if I can get some opinions
There is a push in my community to change the lot size for R-1 from 7500 square feet to make it larger. The belief is that this will raise the price of the lots and therefore raise the value of the final built homes.
If we can skip the social issues associated with this one (and I know there are a few) what I'm trying to look at is
1) if increasing lot sizes in this manner will even result in the desired more expensive homes (they will develop we're in a fast growth area),
2) if the increased home value will even be enough (spread out farther as it would be) to actually effect and increase tax revenue etc. or if the decrease in number of lots would have the reverse effect.
3) Would the cost of maintaining the utilities over the wider area off set the increase in taxes.
This city has an average home cost of something around $250,000 in an area that doesn't have excessive housing costs. I could put my home into an average home here twice and still get change back.
Needless to say they are trying to protect the status quo. Let me know what you think. Thank you