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Well Craig has one thing right. His 6th point is right
on. See it below.
I know the Harrison group is working hard on this specific
issue and the near term point of contention is that many of us don't want the
newest go-getter from the future-slum-lords-of-America throwing us a hurdle
before we can get our work done.
The problem for us is that these projects are simply great
financially for those who have the overhead.
Small upfront payment they can probably
finance ..and cheaply
Inexpensive upkeep..manufactured home with
no basement or garage and renters who are not in a position to "rock
the boat."
Goverment deposits the section 8 dollars
into the landlords account monthly
Now layer in deferred
maintenance...It is simply not a prescription for prgress
but blight.
Think about it. If these are so great, let's put 'em in
Kenwood and Lowry Hill. What would that do to bordering property
values?
Point is you couldn't put one in Kenwood or Lowry Hill. Property
values are too high. Assuming you could fid a lot, the initial investment
collapses the Net Present Value.
So like I've said before: These are great financial projects painted
as social progress. Moreover, the arguing against these is sometimes
tough. The social progress agrument appears compelling but these purveyors
of progress merely pose as the servant only to become the master.
Doing the right thing isn't always a quick fix. Craig's good point.
6. (Craig) Renters vs. homeowners - If Near North
Willard Hay and Harrison are worried about more rental housing vs. homeowner,
they ought to change their
focus. Make the lots desirable to home builders/buyers. Clean up your crime, streets, parks, and whatever else is stopping mortgage qualified people from building/buying there. Blaming media coverage is not going to convince more buyers to move in. ...Hey Harrison, we've got something people want: close
in land/lots.
If we don't get closer to what we want fast, we may lose
them.
Think about our current concerns with the Queen Care
Manor; It could be just a precursor.
Jason Sittko
Harrison
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