Jul
11

Diminished Dwellings

Historically, new housing led to more local shopping, and thus higher local sales tax revenues. But due to online shopping, that relationship has been attenuated. Moreover, there is now heightened demand for downtown office space rather than suburban office parks. Thus, new homes don’t generate as much new commercial property tax revenue as in the past. Collectively, these trends reduce the economic appeal of entry-level housing for suburban counties.

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