- This topic has 10 replies, 3 voices, and was last updated 13 years, 7 months ago by
Raybyrnes.
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April 27, 2011 at 10:34 PM #18761April 28, 2011 at 6:57 AM #689914
EconProf
ParticipantIt 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.
April 28, 2011 at 6:57 AM #689982ParticipantIt 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.
April 28, 2011 at 6:57 AM #690596ParticipantIt 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.
April 28, 2011 at 6:57 AM #690741ParticipantIt 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.
April 28, 2011 at 6:57 AM #691089ParticipantIt 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.
April 30, 2011 at 8:53 AM #690579Raybyrnes
ParticipantIt 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.
April 30, 2011 at 8:53 AM #690649ParticipantIt 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.
April 30, 2011 at 8:53 AM #691261ParticipantIt 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.
April 30, 2011 at 8:53 AM #691407ParticipantIt 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.
April 30, 2011 at 8:53 AM #691750ParticipantIt 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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