Subdivision Approval Increases Land Values and Borrowing Power Needed for Capital Improvements

by Robert John Stevens, September 27, 2017

For innovation to flourish, farmers, developers and entrepreneurs need capital.

Landowners need loans for a variety of reasons, but when governments such as Utah County deny settlement, to obtain higher loans from banks, landowners must agree to lien more of their property, take more risk and in some cases bet the farm.

For example, yesterday my parcel #8 in Benjamin, Utah, a 5.25-acre parcel, was recorded with Utah County as an improved, buildable lot causing its value on the Utah County records to soar from $89,400 to $192,300.

As raw land, local banks would only lend me up to 50% of its value compared to 75% now that Utah County declares it as an improved building lot:

50% of $89,400 is $44,700
75% of $192,300 is $144,225

That’s a 322% increase!

I desperately need a $400,000 loan to build, pave and dedicate a 3/4-mile interior road so Utah County will declare two more of my lots buildable, even though all the improvements are completed including a 62-foot paved road stub, but that required liens against nine, 5.25-acre unimproved lots. The risk of losing all of them is too great.

What if Utah County reverts back to its pioneer roots and declared all land to be buildable? Settlers then could exercise their inalienable private property rights, build on their own lands and make improvements as needed according to county specifications, and borrow a lot more with much less risk.

Now that my lot is declared bulidable, my taxes are higher and I don’t want higher taxes, especially since no buildings are built.

Until relatively recent times in America, all land was buildable. The Founding Fathers were careful not to interfere with private property rights. Until the establishment of the Federal Reserve banksters in 1913, there were basically no regulations in the United States and yet we produced the majority of the world’s goods and were the richest country in the world.

Today endless government regulations may solve problems but cause others. For the abundant life, citizens must be allowed to build on their own lands.

Modern innovations provide many alternatives for modern conveniences such as utilities, clean water and road materials, none which were available just 100 years ago when inalienable rights were honored and the middle class prospered.


Emails today between me and Brayden Brucker at Utah Valley Credit Union (UCCU):

Hi Brayden,

Yesterday one of my 5.25-acre parcels was recorded with Utah County as a buildable lot causing its value on the county records to soar from $89,400 to $192,300.

What percentage of a land’s value as determined by Utah County do you lend on? 40%, 45%, 50%?


From Brayden Brucker:

If it is considered an improved building lot – meaning it is ready to build on, we can go up to 75%. Raw Land is up to 50% loan-to-value. So we would lend between 50-75%.

“…shall be deemed guilty of felony, and shall suffer death.”

by Robert John Stevens, May 7, 2016

“…shall be deemed guilty of felony, and shall suffer death.” — Penalty for debasing gold, silver or copper coins, Section 19, The Coinage Act of April 2, 1792

Had the Founding Fathers added just a few more words to extend the death penalty to people who didn’t work at the mint, they may have stopped the rise of the national banks, Federal Reserve, the unnecessary deaths of millions and significantly altered the course of history.

The Financial System Is A Larger Threat Than Terrorism — Paul Craig Roberts

Two solutions remaining regarding banks:

Throughout the Western world the financial system has become an exploiter of the people and a deadweight loss on economies. There are only two possible solutions. One is to break the large banks up into smaller and local entities such as existed prior to the concentration that deregulation fostered. The other is to nationalize them and operate them solely in the interest of the general welfare of the population.—Paul Craig Roberts

Broke U.S. Government Confiscates Billions From The Federal Reserve

Can this really be true?

Selected Quotes

n the U.S., the Federal Reserve’s assets total $4.486 trillion, including more than $2 TRILLION in U.S. government debt.

The Fed also has total capital (i.e. net worth) of $39.5 billion.

That sounds like a lot. Until you realize that it constitutes just 0.88% of its total assets. Not even 1%!

Just two weeks ago, the Fed’s total capital was nearly $59 billion. And even that wasn’t very much given the size of its balance sheet.

Today it’s $39.5. This is an incredible 33% drop in just two weeks!

It turns out that Congress and the President passed a law last month called the Fixing America’s Surface Transportation (FAST) Act.

And, buried deep within the nearly 500 pages of legislation is a neat little section demanding that Federal Reserve bank surpluses above a certain amount must be turned over to the United States Department of Treasury.

In other words, the U.S. government is so broke that they’re now confiscating assets from the Fed, putting the entire global financial system at even more risk.

Stock market rigging is no longer a ‘conspiracy theory’

America was built on capitalism and free and fair markets. Today’s markets aren’t fair. In fact, they are unfair because they are putting lots of money into the pockets of a small number of Americans.

The bigger problem is this: If stock prices are artificially inflated, nobody can tell what a company is really worth. And banks are going to be hesitant to lend money to companies with fuzzy valuations.