There’s a good chance that house prices, in recent developments where there are income-restricted units, will drop near or below the price of the subsidized units (airoso, la boheme, bressi, etc..).
Those income-restricted buyers will be underwater because they would have given up future appreciation by participating in the housing programs.
People who can’t afford to buy should save and rent. They’ll eventually be able to buy because the market always corrects.
If were’re going to help the poor, I’d rather give them 50c for each $1 that they put in a savings account that can’t be touched but for college education only.
