[Raybyrnes]

drunkle

Here are the sites for current housing. There is affordable housing in many parts of San Diego.

http://www.sdhc.org/hafirstimebuyer1.shtml

http://www.sdhc.org/giaffordhousingnews1b.shtml

I don’t know wehre people are saying that tax payers are subsidizing this housing. Developeres are required to set aside a % of units or pay in lieu fees that are used to pay for housing.

Now one could argue that the added costs to the developers are then passed on to the buyer of these market rate units. THat is very arguable.

The design of affordable housing is just that. Affordable. It is not typically low income. What this type of housing does is reduces costs to pay for police and fireman, teachers and nurses and other middle income families.

Now as an MBA student I would normally argue that market forces would be far better as it would distribute housing costs where they need to go. But unfortunately our local government is corrupt and run by developers therefore the market is inefficient.

People need to get a better handle on the cost of these programs. They do not come out of your pocket in the form of forgiveable loans. There are equity share programs, there are tax credits and there are units that will be permanently designated as affordable.

Any sort of forgiveness comes after a LOoooooooooooooong time by which point the majority of people will have moved on long before this event ever happened.

[Raybyrnes]

drunkle

Here are the sites for current housing. There is affordable housing in many parts of San Diego.

http://www.sdhc.org/hafirstimebuyer1.shtml

http://www.sdhc.org/giaffordhousingnews1b.shtml

I don’t know wehre people are saying that tax payers are subsidizing this housing. Developeres are required to set aside a % of units or pay in lieu fees that are used to pay for housing.

Now one could argue that the added costs to the developers are then passed on to the buyer of these market rate units. THat is very arguable.

The design of affordable housing is just that. Affordable. It is not typically low income. What this type of housing does is reduces costs to pay for police and fireman, teachers and nurses and other middle income families.

Now as an MBA student I would normally argue that market forces would be far better as it would distribute housing costs where they need to go. But unfortunately our local government is corrupt and run by developers therefore the market is inefficient.

People need to get a better handle on the cost of these programs. They do not come out of your pocket in the form of forgiveable loans. There are equity share programs, there are tax credits and there are units that will be permanently designated as affordable.

Any sort of forgiveness comes after a LOoooooooooooooong time by which point the majority of people will have moved on long before this event ever happened.

[Raybyrnes]

drunkle

Here are the sites for current housing. There is affordable housing in many parts of San Diego.

http://www.sdhc.org/hafirstimebuyer1.shtml

http://www.sdhc.org/giaffordhousingnews1b.shtml

I don’t know wehre people are saying that tax payers are subsidizing this housing. Developeres are required to set aside a % of units or pay in lieu fees that are used to pay for housing.

Now one could argue that the added costs to the developers are then passed on to the buyer of these market rate units. THat is very arguable.

The design of affordable housing is just that. Affordable. It is not typically low income. What this type of housing does is reduces costs to pay for police and fireman, teachers and nurses and other middle income families.

Now as an MBA student I would normally argue that market forces would be far better as it would distribute housing costs where they need to go. But unfortunately our local government is corrupt and run by developers therefore the market is inefficient.

People need to get a better handle on the cost of these programs. They do not come out of your pocket in the form of forgiveable loans. There are equity share programs, there are tax credits and there are units that will be permanently designated as affordable.

Any sort of forgiveness comes after a LOoooooooooooooong time by which point the majority of people will have moved on long before this event ever happened.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

First off the affordable housing units and market rate units are different form the stand point that one has huge potential upside for financial gain and one does not.

Additionally, I don’t typically leave with buyers remorse nor do I try to think too heavily about what the next guy bought. If my friend got the same TV for 1/3 the price drinks are on him and I am happy he got a deal. That doesn’t change the fact that I enjoy what I got provided I did my diligence.

And for the guy who makes 1/3 less well maybe I am better to focus on the good fortune that day in and day out, I am fortunate to make 1/3 more than him and for that I can be extremely greatful.

[Raybyrnes]

justbought

First off the affordable housing units and market rate units are different form the stand point that one has huge potential upside for financial gain and one does not.

Additionally, I don’t typically leave with buyers remorse nor do I try to think too heavily about what the next guy bought. If my friend got the same TV for 1/3 the price drinks are on him and I am happy he got a deal. That doesn’t change the fact that I enjoy what I got provided I did my diligence.

And for the guy who makes 1/3 less well maybe I am better to focus on the good fortune that day in and day out, I am fortunate to make 1/3 more than him and for that I can be extremely greatful.

[Raybyrnes]

justbought

First off the affordable housing units and market rate units are different form the stand point that one has huge potential upside for financial gain and one does not.

Additionally, I don’t typically leave with buyers remorse nor do I try to think too heavily about what the next guy bought. If my friend got the same TV for 1/3 the price drinks are on him and I am happy he got a deal. That doesn’t change the fact that I enjoy what I got provided I did my diligence.

And for the guy who makes 1/3 less well maybe I am better to focus on the good fortune that day in and day out, I am fortunate to make 1/3 more than him and for that I can be extremely greatful.

[Raybyrnes]

justbought

First off the affordable housing units and market rate units are different form the stand point that one has huge potential upside for financial gain and one does not.

Additionally, I don’t typically leave with buyers remorse nor do I try to think too heavily about what the next guy bought. If my friend got the same TV for 1/3 the price drinks are on him and I am happy he got a deal. That doesn’t change the fact that I enjoy what I got provided I did my diligence.

And for the guy who makes 1/3 less well maybe I am better to focus on the good fortune that day in and day out, I am fortunate to make 1/3 more than him and for that I can be extremely greatful.

[Raybyrnes]

“the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.”

Why would this sting. If I am getting great schools, a great environment for my family for what I paid why sould I care what someone exlse paid. It does not effect me in the lease bit.

Second these places aren’t exactly 1.2 million dollar homes. They are affordable programs that can neve be sold for more than a set percentage of the San Diego Median Income. Therefore it is a hybrid retal ownership relationship.

Lastly by creating an environment for these families that is condusive to upward social mobility it lowers costs for permanent welfare programs.

There is no reason to hate on this. It doesn’t change the fact that you wouldn’t want to trade places with these people if you can afford to live there without help.

[Raybyrnes]

“the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.”

Why would this sting. If I am getting great schools, a great environment for my family for what I paid why sould I care what someone exlse paid. It does not effect me in the lease bit.

Second these places aren’t exactly 1.2 million dollar homes. They are affordable programs that can neve be sold for more than a set percentage of the San Diego Median Income. Therefore it is a hybrid retal ownership relationship.

Lastly by creating an environment for these families that is condusive to upward social mobility it lowers costs for permanent welfare programs.

There is no reason to hate on this. It doesn’t change the fact that you wouldn’t want to trade places with these people if you can afford to live there without help.

[Raybyrnes]

“the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.”

Why would this sting. If I am getting great schools, a great environment for my family for what I paid why sould I care what someone exlse paid. It does not effect me in the lease bit.

Second these places aren’t exactly 1.2 million dollar homes. They are affordable programs that can neve be sold for more than a set percentage of the San Diego Median Income. Therefore it is a hybrid retal ownership relationship.

Lastly by creating an environment for these families that is condusive to upward social mobility it lowers costs for permanent welfare programs.

There is no reason to hate on this. It doesn’t change the fact that you wouldn’t want to trade places with these people if you can afford to live there without help.

[Raybyrnes]

“the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.”

Why would this sting. If I am getting great schools, a great environment for my family for what I paid why sould I care what someone exlse paid. It does not effect me in the lease bit.

Second these places aren’t exactly 1.2 million dollar homes. They are affordable programs that can neve be sold for more than a set percentage of the San Diego Median Income. Therefore it is a hybrid retal ownership relationship.

Lastly by creating an environment for these families that is condusive to upward social mobility it lowers costs for permanent welfare programs.

There is no reason to hate on this. It doesn’t change the fact that you wouldn’t want to trade places with these people if you can afford to live there without help.

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