Bonds are debt in which local governments borrow money to pay for things like schools, roads, or infrastructure. In our case, the County is asking us to pass a $200,000,000.00 bond issue for affordable housing. The only thing this will benefit is developers. Affordable housing is a myth.
When voters approve the bonds, they are promising to pay back the loan with interest. Unfortunately, bonds by definition increase the debt and the overall tax burden of the taxpayers.
Say NO to County Question 1--to increase workforce housing units.
6 comments:
thanks for posting this. I only have seen signs to vote for. I am against any more debt
Will this Bond Issue be offered to the residents of Lake Worth as an investment at varying interest rates and maturities?
Affordable housing? There is no such thing and there never will be.
I agree to not vote for any bonds or tax increases not even a penny more!
A house is affordable, if you can afford it. There is a simple calculation to determine whether you can afford the house.
The single most effective way a working person can accumulate wealth, is by buying a house, and watching its value increase.
Houses are like any other investment, only more stable.
I agree it is where money can be made, i bought 4 over the years lived in all for 2 or more years sold all for profits of 100 % to 50% to $12-30k profits on each, then bought my brand new house with cash for $300k and live in the country now away from all the congestion and dumpy cities. Peace!
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