Affordable housing

[barbara]

Affordable housing in Marin County !!
May the force be with them...



http://www.washingtonpost.com/news/m...-millionaires/

[Tom Joad]

It's going to be tough.

Marin County has set aside lots of green space which on the one hand makes it a very desirable place to live due to it's natural beauty and proximity to San Fransisco. That puts the demand side way up. On the other hand by limiting the amount of land that can be developed, the supply side is way down.

What is conspicuously absent is what these units are going to sell and or rent for? I've seen so called "affordable" housing that is priced way out of the affordable range of the average working stiff.

Now George Lucas certainly has enough big bucks to take a big hit and sell these units for a whole lot less than what it costs him to build them. But then, even he sells them for less than what the market will bear, what will stop the buyers from flipping them for a quick profit? Or, what happens when the Marin County tax assessor comes along and assesses them at market value and Joe and Jane Sixpack find that their annual real estate taxes take 50% of their take home pay?

My retirement income works just fine here in Mobile, Alabama.

But if somebody gave me a house in Marin County, I'd have to sell it because the upkeep alone would break me.

[Dondilion]

Originally Posted by Tom Joad

It's going to be tough.

Marin County has set aside lots of green space which on the one hand makes it a very desirable place to live due to it's natural beauty and proximity to San Fransisco. That puts the demand side way up. On the other hand by limiting the amount of land that can be developed, the supply side is way down.

What is conspicuously absent is what these units are going to sell and or rent for? I've seen so called "affordable" housing that is priced way out of the affordable range of the average working stiff.

Now George Lucas certainly has enough big bucks to take a big hit and sell these units for a whole lot less than what it costs him to build them. But then, even he sells them for less than what the market will bear, what will stop the buyers from flipping them for a quick profit? Or, what happens when the Marin County tax assessor comes along and assesses them at market value and Joe and Jane Sixpack find that their annual real estate taxes take 50% of their take home pay?

My retirement income works just fine here in Mobile, Alabama.

But if somebody gave me a house in Marin County, I'd have to sell it because the upkeep alone would break me.

We have some twist on the affordable in NY. The city required some units in
new high rise be affordable. They were built but the affordables had separate
entrances and exits.

[barbara]

Originally Posted by Tom Joad

It's going to be tough.

Marin County has set aside lots of green space which on the one hand makes it a very desirable place to live due to it's natural beauty and proximity to San Fransisco. That puts the demand side way up. On the other hand by limiting the amount of land that can be developed, the supply side is way down.

What is conspicuously absent is what these units are going to sell and or rent for? I've seen so called "affordable" housing that is priced way out of the affordable range of the average working stiff.

Now George Lucas certainly has enough big bucks to take a big hit and sell these units for a whole lot less than what it costs him to build them. But then, even he sells them for less than what the market will bear, what will stop the buyers from flipping them for a quick profit? Or, what happens when the Marin County tax assessor comes along and assesses them at market value and Joe and Jane Sixpack find that their annual real estate taxes take 50% of their take home pay?

My retirement income works just fine here in Mobile, Alabama.

But if somebody gave me a house in Marin County, I'd have to sell it because the upkeep alone would break me.

Don't worry, Tom.... I think Mr. Lucas has thought this through. My understanding is that the housing units are rentals and one must be income eligible to rent a unit.

[Tom Joad]

Originally Posted by barbara

Don't worry, Tom.... I think Mr. Lucas has thought this through. My understanding is that the housing units are rentals and one must be income eligible to rent a unit.

I see.

So George is going to provide some low rent housing in exclusive Marin County which will be heavily subsidized by George Lucas.

That ought to go over like a turd in a punch bowl with all those Limousine Liberals that live there.

But, with a net worth of $5 Billion he'll never miss the few paltry millions that it will cost him.

http://www.celebritynetworth.com/ric...cas-net-worth/

As for me being worried, not a bit.

Those riff raff that will be moving in there won't be anywhere near me.

http://www.travelmath.com/drive-dist.../to/Mobile,+AL

The driving distance from San Francisco, California to Mobile, Alabama is:
2,396 miles

[bobabode]

Marin county is 54.6% Dems.

http://en.wikipedia.org/wiki/Marin_County,_California

[Tom Joad]

Originally Posted by bobabode

Marin county is 54.6% Dems.

http://en.wikipedia.org/wiki/Marin_County,_California

And the rest are hard core commies.

But all joking aside, Obama carried Marin County by a 74-23 margin over Romney in 2012.

http://www.marincounty.org/depts/rv/...ection-results

[barbara]

Originally Posted by Tom Joad

And the rest are hard core commies.



But all joking aside, Obama carried Marin County by a 74-23 margin over Romney in 2012.



http://www.marincounty.org/depts/rv/...ection-results

That's only because some republicans were smart enough not to vote for Romney. 😉

[djv8ga]

Originally Posted by barbara

That's only because some republicans were smart enough not to vote for Romney. ��

More like voter suppression by the Limolibs.

[bobabode]

Originally Posted by barbara

That's only because some republicans were smart enough not to vote for Romney. ��

California Republicans are nothing like other Republicans.
Excluding those rabid GOTPers and the Mega Churchgoing evangelistas, of course.