Keith says... Build housing for people with money; build lots of it. That is what is happening in the current market place; city wide, metro wide, and beyond. People with money move up and into the "new and improved" housing, leaving existing housing, of all levels and types, behind. Other folks move into that housing. Some movers, and move-uppers, have cash, others get loans. Some folks rent or buy with assistance from misc. agencies, be it first time home buyer programs, Section 8 subsidized rental payments, or The Salvation Army and Mary's Place.
People shall follow the market upward as the MARKET recycles used property in a sustainable fashion. Rental property to owner occupied, "knock down" to new high density modern, etc. We certainly should not have Ryback touting City treasure, and debt, to build "affordable" housing at unaffordable cost. Dyna predicted 50% vacancy rates for rentals and she is redeemed. You can't realistically build affordable housing for poor people; but the market can provide it. If there is a gap, and a worthy request, then partially subsidize the buyer/renter; not the builder. Hakeem noted a glut of rental housing; and spoke up. I commend her for that point. The Mayor has never brought citizen-soldier, small business folks called landlord to the table of City policy. Nor has he called out the problem, and implications city wide, of the current rental glut even as property taxes, along with all other property related costs, balloon. He cheerfully wants to tax, bond, and spend to build new housing. He is screwing with the open market and putting a back door second mortgage on all local property owners. Ryback is spending during a glut of vacant housing. WHY? Keith Reitman Any one need an affordable home, call me. NearNorth "To her first point, Hakeem said she endorses the notion of more cooperatives in the city for housing and business. She said job growth hasn't led to careers with health care benefits and adequate wages." "She also takes issue with the current affordable housing policies, saying there's a rental glut -- not a need for more housing." http://www.startribune.com/stories/587/5351480.html REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
