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Message: <blockquote data-quote="Shinneryfarmer" data-source="post: 4352858" data-attributes="member: 46291"><p>Tell me if I'm looking at this wrong. I'm a developer, I buy up say a section of land. Being the only land owner I apply for a bond for water, sewer, roads and sidewalks, etc. Being sole land owner that's 100% of property owners in area. Now this bond is attached to property taxes over 15 yrs. I subdivide build residential area's and sell off housing over 3 to 5 years. New home owners absorb bond attached to their property taxes. I ( the developer) just cut my  cost by two thirds (assuming the developer pay's the taxes on bond the first five years). The developer makes a fortune without having to deal with the city, state or local goverment going thru redtape for years before getting started. I eventually sell all the homes who are assuming the bonds that paid for the improvements and I walk away with a chunk of change.</p></blockquote><p></p>