Read an article the other day about a community in which there was a plan to build afforrdable housing in a resort community. As in many other similar places, homes were so expensive that the people who worked in the resort facilities, eateries and gift shops could not afford to live there. It seemed that it was time to consider some solutions...the apalling thing is that this community considered $300,000 tobe "affordable" housing.
Either these folks are leaving much bigger tips than most or they have never worked in a service job . For that matter, they could be corporate CEOs who haveno idea that the lowest paid workers in their companies make less in a month than they make in a day. These folks may mean well, but they needa lesson in real world economics. No one working a minimum wage job can afford a $300,000 mortgage. They arelucky to be able to find something to rent, especially if they are supporting a family on that income. Affordable Housing at $300,000? I don't think so.
Thursday, February 22, 2007
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