4 ms·
The locale in which I live had several developments with "affordable housing". Lucky people moved in, and after meeting the minimum term, were able to sell off
by OrvalWintermute 4y ago
The locale in which I live had several developments with "affordable housing".
Lucky people moved in, and after meeting the minimum term, were able to sell off their properties into the regular market, pocketing a cool 750k per home profit.
Our local subsidized housing is also notorious for having highend Luxury SUVs parked there. The sweet old ladies that live there, well, their sons and grandsons often do too, exploiting the situation. No party affiliation specific to this issue, just bad systems and laws that didn't work properly.
Maybe I am in the minority here, but I view affordable and excellent mass transit systems as part of the cure for this.