Ohio outlaws real-estate transfer fee...

Ohio outlaws real-estate transfer fee that would have benefited dev...

There are 6 comments on the Columbus Dispatch story from Jun 15, 2010, titled Ohio outlaws real-estate transfer fee that would have benefited dev.... In it, Columbus Dispatch reports that:

Ohio has outlawed a real-estate practice that allows property developers to collect money for up to 99 years each time a home is sold in one of their developments.

Join the discussion below, or Read more at Columbus Dispatch.

Jan

Dallas, TX

#1 Jun 15, 2010
Another scam for compainies like Dominion and TR Properties to scam the people out of. Builders and Developers are the real estate cockroach of the industry.
the right thing to do

Columbus, OH

#2 Jun 15, 2010
See, politicians do the right thing sometimes!

This fee is outrageous! They build junk houses, packed on top of each other, decimate local schools, roads, community resources, etc., then want this parting gift?!? It's so ridiculous that it's hard to believe it was actually legit for any period of time! Developers, you have only yourselves to blame for the hatred thrown upon you by the general public, and no sympathy for the suffering you'd faced during this recession.

Good riddance to this cr_ap tax.
Clint

United States

#3 Jun 15, 2010
It's about time ....Developers and Real Estate Folks are the Millionaires and Billionaires in this Country and the homes that are being built are worthless . This economic crisis has it's roots with developers and real estate companies who permitted the sale of worthless homes to millions who couldn't afford the overpriced homes . We haven't seen the whole down fall ..Yet - Foreclosures are still happening in the State of Ohio at an alarming rate and many ,many , school districts are facing a tax loss and Yet , The Developers and Real Estate Folks got their money and they want more .....LOL
Tired

Columbus, OH

#4 Jun 15, 2010
Just goes to show that the people are not smart enough to own property if they don't do the research to find out what they are buying, and how they are financing before they sign. If they were this wouldn't be a problem. As far as people buying poorly built homes.... see above.
Enzyte Bob

Columbus, OH

#5 Jun 15, 2010
What a scam. I bet most lawyers wouldn't catch the language as it is something they are unfamiliar with.

I liked the comments from that lawyer who said we are making something illegal that hasn't been tried before. Gee, I wonder if this guy works for developers or not ... and gee, I wonder if this guy is a Republican toadie or not. What a tool.
The Happy Crab

Orange Park, FL

#6 Jun 15, 2010
The only problem is that now the #@%$^(*&_)&* will just create another means to screw the people. These crooked b*st**ds should have their balls nailed to a burning log and then be handed an old, dull, rusty butcher knife.

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