Unbelievably, in North Carolina, they’re trying to get a bill passed here that would require that all new developments of housing over a certain number of units would be required to set aside up to 25% of the property for subsidized housing.
It’s incredible. They KNOW it will destroy property values, which they depend on for revenues.
Paul
“It’s incredible. They KNOW it will destroy property values, which they depend on for revenues.”
Liberals don’t care if things work, as long as the lawmakers “meant well”.
In one party patrician Maryland, they’ve been doing that for years (setting aside %s of subsidized housing). But what they do is sock nearly all of the subsidized stuff in the middle income area of the county. So the people who live in mCmansions don’t really see the lowering of property values like the average homeowner does.