One Million Per Apartment

[Dean Hoffman]

That's what supposedly affordable housing is in California.

That would be a little over 24 years of payments if one took home $20/hour and there were no other costs.

[Pthirus Pubis]

And the subsidized tenants usually destroy the place in less than a year.

[T]

Hi Dean,

I did not read the article too closely, so I may not be making sense here, but I noticed they did not specify "per apartment" or "per complex".

If it was per complex, they should have broke it down to cost per apartment.

Also, they attributed the cost to labor and materials and completely ignored government regulations and compliance costs. The government has to "get its cut".

Out here, regulations (greedy government) account for over half the cost of busienss construction. (I do not know about personal housing)

My 2 cents.

-T

[rbowman]

I recently watched 'The Fountainhead'. Rand really needed an editor with a sharp pair of scissors. She also wrote the screenplay and hovered around the production, throwing a hissy fit when they wanted to edit Roark's courtroom speech. Cooper wasn't at his best or maybe he was being micromanaged by Rand. With all its faults it was an accurate prediction of a world filled with Ellsworth Toohey but there are no Roarks with enough balls to blow up the travesty his low income housing design became.

At least it was better than the recent attempt to make a film of 'Atlas Shrugged'. It was produced in three parts and each was such a turkey that most of the cast quit when their part was done in fear of doing irreparable harm to their careers so you get three different Dagny Taggarts and so forth.

[T]

Subsidized housing always blows up in everyone's faces. Price always raise to meet the subsidizes. And everyone, especially the government, has to get their cut, driving costs up further.

And folks do no respect what they do not own.

One thing that does puzzle me is that the People's Republic of California (PRC), and this article highlights it, is why are housing cost still going up whilst the population of this socialist toilet is contracting? Where is supply and demand?

[T]

California use to be a great place to live.

[T]

"some of us" being the key word.

[T]

Evil does not respect one's wealth. Or sex for that matter. That being said, a lot of money with no rules for behavior does tend to corrupt.