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 ?
Welcome to the Site!
The Regulars
Heather Bachman
This Is Not Just About Immigration But America
Obama Lawsuit shows tears in the Nation
Ron Miller
The Constitution as Inconvenience
When liberals threaten the 1st Amendment, we'd better pay attention.
The Feed
Top Content | Developing Content
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.
To participate in the conversation, please join the site and confirm your registration or login!
The Video
Andrew Klavan: Obama's Beach Blanket Recovery: It's Happy, Snappy & Incredibly Crappy.
Related Links
Order SELLOUT: Musings from Uncle Tom's Porch TODAY!
Regular Folks United - The Think Tank for Regular Folks
Conservative Speaker Bureau
Regular Folks United on YouTube
RegularFolksUnited.com on Facebook
Contract From America
The Blueprint: Obama's Plan to Subvert the Constitution and Build an Imperial Presidency
Michele Bachmann, U.S. Congress
The Latest Headlines
- Why the ObamaCare Tax Penalty Is Unconstitutional
28 Thumbs | Email | Read - Buy SELLOUT: Musings from Uncle Tom's Porch Today!
25 Thumbs | Email | Read - This Is Not Just About Immigration But America
6 Thumbs | Email | Read - Founders Quote Daily - MY TAKE
0 Thumbs | Email | Read - What Rangel Means to What Needs to be Done in Congress
23 Thumbs | Email | Read - Home Foreclosure on the Rise in Most US Metro Areas
3 Thumbs | Email | Read - Preaching to the Choir
3 Thumbs | Email | Read - Feds DEMAND Diversity on Wall Street
6 Thumbs | Email | Read - Unemployment rises in 75 pct. of metro areas
6 Thumbs | Email | Read - Mo' Big Gov: Mortgage brokers to be fingerprinted and registered
9 Thumbs | Email | Read
Comments
Post Your Comment