I actually, I find the idea about “low income” housing interesting. How many of these things are really “low income” after they are built? I remember supposedly Pardee was going to put in low income housing in their newer developments in Carmel Country Highland. I don’t think it really happened. As far as rentals are concerned, they just put in two big apartment complexes in torrey hills. Those condos have rent prices around $1800 for 1/1, $2100 for 2/2 and $2500 for 3/2…. That’s suppose to be “affordable”? Lol…
The biggest impact will be probably schools. In Carmel Valley, a good portion of the school’s ESC program for science, music, art is self-funded by donations from parents. Short term tenants do not donate to these ESC funds to the extent that people who own homes in this area do, despite their kids enjoying the same programs that the rest of the donors end up funding.
