people complain about everything and affordable housing is one. but then try to build some affordable homes and look what happens. the people with the unaffordable housing complain that their houses may become more affordable.
From SFGate.com's On The Block by Betsy Schiffman and Tracey Taylor
Some Mountain Viewers Prefer Unaffordable Housing
A small group of Mountain View residents are riled up about a city proposal to build an affordable-housing development on a city-owned lot, according to the Mountain View Voice.
The concern, as one resident put it, is that the city is "building a ghetto" next to a fairly new condo development, 108 Bryant Street, and property values there will be shot.
Condo owners at 108 Bryant Street worry that Mountain View's plan to build affordable housing nearby will hurt property values.
The city's plan for the affordable housing project could climb up to four-stories tall with 51 units, and would be built at a Caltrain overflow parking lot on Evelyn and Franklin Streets. The units will go to those who earn less than 60 percent of the area's median income, according to the report.
As it stands now, prices at 108 Bryant Street appear to be holding somewhat steady. The most recent sale we could find at that address was a two-bedroom unit which went for $650,000 in October 2008, and previously sold for $620,000 in November 2006.
STORY HERE
1 comment:
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