We need to have “ work force housing”. Otherwise where will the
“Economically Challenged” live that a local charity just had a food drive for.
I wonder what ever happened to all those poor hungry people ?
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Bailing Out Government Created Problems
Date: Tuesday, September 30, 2008, 5:30 PM EDT, 5:30 PM EDT from Todd Kruse
I guess I enjoy writing about public policy issues since it helps prevent me from screaming!
Just this summer I attended a public hearing of my county government’s Community Development Agency (CDA) which proposed building a sub-division of “senior citizen housing and workforce housing.” Please notice that we do not use the term “affordable, low rent, or subsidized housing” anymore but instead we say “work force housing” it appears.
At one point during the hearing - which I was reminded of today as I saw the voting results in the US Congress on the Wall Street bailout/housing finance legislation -- I offered an observation and question to the CDA’s representative stating, “since there is already an oversupply of housing on the market today your development plans, using our tax dollars, would simply add more housing stock to an already saturated market. This will further reduce our homes’ values don’t you think?” To which she replied with a blank stare so I followed up with this question – “so does your development plan include a ‘rent to own’ option to help these renters become home owners in the future?” The CDA bureaucrat then replied, “oh no, some people will never be capable of owning their own homes……….” Wow, does that sound like central planning elitism or what?
So there we have it – the government extracts our tax dollars to build less expensive housing thereby reducing the value of our homes which puts valuation/property tax pressure on the county government which ultimately reduces the tax revenues gained by the county government due to decreasing home values -- now that is a death spiral that will leave all of us in a Soviet style economy where we all live in the same quality of housing.
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