Addressing Walton County's Affordable Housing Needs
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#1 Sep 26, 2006
To build “work-force” or “affordable housing” developments amounts to nothing more than a "middle class housing project" for those of us that actually work here. The main problem with Florida and other tourist’s states is the economic development committees and “key players” got lazy and settled for most if not all of their revenue being generated from tourists or seasonal residents. Thus the housing prices or land prices do not even begin to reflect what employees or fulltime residents of that area can afford. This is a classical "false market" in Keynesian Economics. Until the State policies address these larger problems, working people and professionals earning less than 6 figures per year will be stuck in less than comparable housing tucked away in an undesirable area, sub-standard to the rest of the community. I am sure that I speak of all of us “common folk” when I say thank you, but no thank you. I have not worked all of my life to live in a “middle class housing project.” The Florida State sign should read "Tourist welcome to Florida, those moving here to work turn around, you cannot afford to live here!"
#2 Sep 4, 2010
The builder get a government low ingtrest loan to build low cost rental units which must be rented out at a set price until the government is paid back But guess what as soon as built the government loan is paid off and the property sold. To an investor who will rent the new units at market value.Cool deal, but big hole in the system yes!
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