Move to
the boondocks. The solution for affordable housing for the newly married and
lower paid has been to move to the “exurbs”.
When we were married in St. Louis Mo. in 1964, we found a 4 bedroom
ranch fixer-upper on an acre lot in a subdivision in St. Charles Mo. We paid
$750 in back taxes, saved this home from foreclosure and assumed a $16,000 loan
at 4% with a monthly payment of $150. It
was next door to my brother, who tipped me off to this deal. At the time, new houses were $30,000. My commute to downtown St. Louis was 30
minutes with no gridlock, ever.
In the
North Atlanta Metro area, Cherokee County has been the “exurb” of choice. Harmony Lakes offers large new houses on
small lots for half the cost of the same house in North Fulton or North DeKalb. When we had manufacturing jobs in North
Metro, our employees lived in Woodstock and other rural areas.
After
2008, there was a push for high density housing in transit villages to increase
MARTA ridership. The success of these developments is flat and has been limited
by our poor economy. Urban living was
pitched to new college grads and they responded by moving back home with their
parents because the rents were $1600 a month. Their government student loan balances
were between $30,000 and $100,000. Their jobs were near minimum wage at $8 to
$9 per hour.
Now in
2016, the HUD push to integrate the population based on race and income has
destroyed property values in target areas like Westchester County NY. It forces
HUD subsidized housing to the affluent suburbs using anti-discrimination law
suits. It is the East Coast version of California’s San Andres forest fires. It
moves welfare families to the suburbs and ruins the schools. This destroys
single family housing values. Congress needs to end HUD anti-discrimination
laws close HUD.
Norb
Leahy, Dunwoody GA Tea Party Leader
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