Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Well this show is come to an end for a long time. The upcoming recession will be accompanied with high interest rates and a low rate of new housing starts.
Why not create developments in which most of the units are at or above market rate but that premium is used to subsidize the below-market rate units? That way, the people who truly believe in subsidized housing can put their money where their mouths are and actually live in these properties.
Democrats, destroying every neighborhood they can except their own
: Draconian Rules And Mandates Are Not The Answer For Affordable Housing — The Answer Is Tax Incentives For Developers
Chicago keeps piling stupid layer on stupid layer on its affordable housing program. This tax break has to be paid for by other property owners, driving up rents and reducing the value of their investments.
The irony is that affordable housing is only affordable for the first owner. IIRC, the first owner can, after some time, resell the unit at market price, which of course is higher than the affordable housing price. Which creates the need for more affordable housing.