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Letter: Hospital Concerns
Tehachapi News

Did you know that it will cost you about $137 to $150 million to build a hospital at 5.81 percent? What about the per house cost? How about $25,000 for a $300,000 house. This hospital loan will make it even more difficult to resell your house! How about the fact that you can get a 3.5 percent loan on your house but on10,000 houses worth $2 billion, secured by 35,000 residents, the rate is 65 percent higher, or $32 million more!Now, you might say that spending $72 million in interest in the community is an asset.

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