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Old 02-02-2008, 11:38 PM
 
Location: Just south of Denver since 1989
10,904 posts, read 29,386,676 times
Reputation: 7126

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Consider Douglas County, Colo., just outside Denver and No. 5 on our list of richest counties. It offers below-market interest rates as well as interest-free, five-year, payment-deferred loans of $20,000 to teachers, firemen, and policemen. The county also incentivizes builders to offer those buyers $5,000 discounts on home prices, or to waive closing costs.

Sounds fair, and it might even have a silver lining in this market.

"The home sales market isn't what it was," says Wendy Holmes, a Douglas County spokeswoman, on the housing downturn. "But these incentives are helping to move homes, especially for workers that service everybody."

read the whole story: America's Richest Counties - Forbes.com
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Old 02-03-2008, 07:41 AM
 
Location: Las Flores, Orange County, CA
26,346 posts, read 82,968,211 times
Reputation: 17509
Quote:
Originally Posted by 2bindenver View Post
It offers below-market interest rates as well as interest-free, five-year, payment-deferred loans of $20,000 to teachers, firemen, and policemen. The county also incentivizes builders to offer those buyers $5,000 discounts on home prices, or to waive closing costs.

Sounds fair....
Who is paying for those interest free, payment deferred loans and incentives? I guess it probably doesn't make a difference though, either incentives are provided to them financed by the builders, passed on to the buyers or financed by the local government, paid for by the local taxpayers.

Guess it's the price of living in a wealthy area.
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Old 02-03-2008, 09:38 AM
 
Location: Earth
1,453 posts, read 3,666,294 times
Reputation: 873
Wasn't it Douglas County that didn't get 'stadium taxed' to build the new Mile High stadium a few years back, yet Boulder County taxpayers did? I believe there was some controversy about this, but nothing ever came of it. Figures.
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Old 02-03-2008, 10:10 AM
 
Location: Westminster, CO
271 posts, read 1,253,127 times
Reputation: 91
Quote:
Originally Posted by Shuffler View Post
Wasn't it Douglas County that didn't get 'stadium taxed' to build the new Mile High stadium a few years back, yet Boulder County taxpayers did? I believe there was some controversy about this, but nothing ever came of it. Figures.
Not entirely true. The stadium district's boundaries are the same as that of RTD. This includes all of the counties of Denver, Boulder, Jefferson, Broomfield (almost), most of Adams, most of Arapahoe, and the northern portion of Douglas County, including Highlands Ranch and parts of Castle Rock.

Citations: Sales/Use Tax - FD Tax (Football Stadium District -- Special District Tax) Sales Tax - RTD Tax

That said, there was some controversy over many parts of Douglas County refusing to pay the tax.
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Old 02-03-2008, 01:38 PM
Status: "Summer!" (set 15 days ago)
 
Location: Foot of the Rockies
86,985 posts, read 102,540,351 times
Reputation: 33045
We in Boulder Co. have to pay the tax when we shop here, even though the tax actually failed in BC, as it passed district-wide.
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