Heightsite Posted October 14, 2009 Share Posted October 14, 2009 Mayor White's asking Houston taxpayers to subsidize realtors' incomes & the poor's down payment for a home. Isn't this similiar to what got us in the housing crisis in the first place? Aren't there programs in place to assist low-income housing? What's next.... http://www.chron.com/disp/story.mpl/business/realestate/6666292.html Link to comment Share on other sites More sharing options...
musicman Posted October 14, 2009 Share Posted October 14, 2009 houston loses millions of funds because the housing dept is so poorly run. this is what should be addressed first so that we don't have to return the public funding due to inactivity on the City's part. Link to comment Share on other sites More sharing options...
barracuda Posted October 15, 2009 Share Posted October 15, 2009 Mayor White's asking Houston taxpayers to subsidize realtors' incomes & the poor's down payment for a home. Isn't this similiar to what got us in the housing crisis in the first place? No, banks making risky loans got us into the housing crisis. But I do agree this isn't the best use our tax dollars. Link to comment Share on other sites More sharing options...
musicman Posted October 15, 2009 Share Posted October 15, 2009 i read that this is pretty much off the table now. too many complaints were received. Link to comment Share on other sites More sharing options...
LTAWACS Posted October 15, 2009 Share Posted October 15, 2009 ^^ Thank goodness. it sounds like a bad idea. Link to comment Share on other sites More sharing options...
debmartin Posted October 19, 2009 Share Posted October 19, 2009 well i'm poor and i think this was a terrible idea! they already have "houston hope homes" or some other such nonsense but when i went to har.com the areas of town were so bad you could not pay me to take my kids there! i've rented the same dump of an apartment since 2002 which now rents for $736 per month, over half of my monthly fixed income. it does seem messed up that someone could spend 50% of income on throw away rent but not get a house payment for the same AND acquire some equity. if i ever paid my rent late (never have, not once) it's a $50 late charge. but i know many people out in the burbs with $2,000 home mortgages who went through a job loss/change or stock market crash, then went a year without even making a house payment. all of these same people "worked it out" with various lenders and eventually restarted their mortgages, but if i missed a monthly rent payment it would have been straight to eviction court, as many of my neighbors went in the last year. each time the management recycles a unit, rent goes up around $25 until my lease comes up again and mine goes up around $50 to $75 to keep up with their "market" rate. pretty impressive racket for the partnership who owns it, long timers to give the place stability in marketing and turnover to get the price up. i'm philosophical about it, but no doubt home ownership eludes many people. and the words "affordable housing" are really just that, words in my experience, that no mayor in my voting lifetime ever cared about. i think white is fishing around for publicity to assist him in his senate bid, because his "low income" housing ideas have come up before and their just bs to get attention. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.