Anyone know about “Bridge Housing” (affordable housing)

[birmingplumb]

Just looks great on computer
1. newer
2. lower than average rent charges
3.pools
4. decent sizes
5. decent areas
6. amenities

Is it hard to get in or impossible?
Any first or secondhand knowledge would help

[EconProf]

It is hard to get in and a great deal if you are lucky enough to qualify. Only a very few of the poor hit this jackpot of fairly high quality housing for perhaps half off the free market rent. You’ll likely keep your income low so as to continue to get this lucky gift from your government. Because the government pays about twice the market price to buy or build these units, the taxpayer gets a raw deal, but politicians are able to claim they did something about affordable housing, so everybody’s happy, except anyone who looks deeply at the true costs and true benefits.

[EconProf]

It is hard to get in and a great deal if you are lucky enough to qualify. Only a very few of the poor hit this jackpot of fairly high quality housing for perhaps half off the free market rent. You’ll likely keep your income low so as to continue to get this lucky gift from your government. Because the government pays about twice the market price to buy or build these units, the taxpayer gets a raw deal, but politicians are able to claim they did something about affordable housing, so everybody’s happy, except anyone who looks deeply at the true costs and true benefits.

[EconProf]

It is hard to get in and a great deal if you are lucky enough to qualify. Only a very few of the poor hit this jackpot of fairly high quality housing for perhaps half off the free market rent. You’ll likely keep your income low so as to continue to get this lucky gift from your government. Because the government pays about twice the market price to buy or build these units, the taxpayer gets a raw deal, but politicians are able to claim they did something about affordable housing, so everybody’s happy, except anyone who looks deeply at the true costs and true benefits.

[EconProf]

It is hard to get in and a great deal if you are lucky enough to qualify. Only a very few of the poor hit this jackpot of fairly high quality housing for perhaps half off the free market rent. You’ll likely keep your income low so as to continue to get this lucky gift from your government. Because the government pays about twice the market price to buy or build these units, the taxpayer gets a raw deal, but politicians are able to claim they did something about affordable housing, so everybody’s happy, except anyone who looks deeply at the true costs and true benefits.

[EconProf]

It is hard to get in and a great deal if you are lucky enough to qualify. Only a very few of the poor hit this jackpot of fairly high quality housing for perhaps half off the free market rent. You’ll likely keep your income low so as to continue to get this lucky gift from your government. Because the government pays about twice the market price to buy or build these units, the taxpayer gets a raw deal, but politicians are able to claim they did something about affordable housing, so everybody’s happy, except anyone who looks deeply at the true costs and true benefits.

[Raybyrnes]

It is a great deal. You do need to qualify. Hybrid rental ownership situation. The tricky thing on these units is that it is all tied to payment. You are not going to make a lot buying and selling but in a high interest rate environment when rate go down the price you can sell goes up. In a low interest rate environment when rates go up the price you can sell for goes down.

Good luck.

[Raybyrnes]

It is a great deal. You do need to qualify. Hybrid rental ownership situation. The tricky thing on these units is that it is all tied to payment. You are not going to make a lot buying and selling but in a high interest rate environment when rate go down the price you can sell goes up. In a low interest rate environment when rates go up the price you can sell for goes down.

Good luck.

[Raybyrnes]

It is a great deal. You do need to qualify. Hybrid rental ownership situation. The tricky thing on these units is that it is all tied to payment. You are not going to make a lot buying and selling but in a high interest rate environment when rate go down the price you can sell goes up. In a low interest rate environment when rates go up the price you can sell for goes down.

Good luck.

[Raybyrnes]

It is a great deal. You do need to qualify. Hybrid rental ownership situation. The tricky thing on these units is that it is all tied to payment. You are not going to make a lot buying and selling but in a high interest rate environment when rate go down the price you can sell goes up. In a low interest rate environment when rates go up the price you can sell for goes down.

Good luck.

[Raybyrnes]

It is a great deal. You do need to qualify. Hybrid rental ownership situation. The tricky thing on these units is that it is all tied to payment. You are not going to make a lot buying and selling but in a high interest rate environment when rate go down the price you can sell goes up. In a low interest rate environment when rates go up the price you can sell for goes down.

Good luck.

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