About 50 years ago, there was a very big mall near us. There were condos and a lake to sail on next to the mall. The mall was booming, all sorts of houses, apartments, businesses, restaurants, car dealers, etc. were built around it.
Then in the 1990s, it was decided to build low income housing a couple blocks from there. Businesses closed, the mall was torn down. They claimed it was because the freeway didn’t go through the area, but everyone knows why. It’s a ghetto now.
This is the end result of the plan.
The plan is to build as many apartments as possible labeled as low income housing.
Apartment dwellers do not pay property tax.
Don’t tell me otherwise, I pay more for property tax in a year than they do in rent.
Once the apartment dwellers outnumber the property owners, then the fun begins.
Every single tax increase is passed at a “Special election” that does not occur in November. It’s usually in the summer, when most working people are on vacation.
The first one that passes is “transportation”.
In other words, busses.
Then the residents of the ghetto can come on in for pennies and rob the place blind.
This is the plan.
That’s kind of what I suspect will happen here. Nothing good comes from low income housing. It’s a typical government screw over for the citizens. First pass all sorts of zoning and environmental laws to make housing costs out of sight for most lower middle and lower income families. Next force developers to provide low cost housing, sticking the cost to the entrepreneurs. Next makes sure that the landlord makes so little margin on the low income rental units that he can’t afford to keep them up and couple this with tenants who trash the place because they have no stake in keeping it up and wouldn’t know the difference anyway. Then have a big expose on the news about cockroaches and mold in the place and then shut it down. the landlord loses a significant chunk of his initial capital. The tenents move someplace else. The place gets taken over by squatters/drug addicts and other low life scum. and then start the cycle over someplace else