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Old Posted Jan 16, 2008, 8:33 PM
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JAM JAM is offline
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Join Date: Apr 2006
Location: Austin, TX
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I watched part of this discussion the other night. The part that really seems to go unanswered is when the developer subsidizes a unit for someone, who picks up the tab. Of course, everyone in the room knew it will be other people who purchase units in same building, but no one will speak that during the planning sessions. The other part that went unanswered was how will these people pay their HOA fees and taxes if they can't even afford to purchase in the first place? Again, this subject was brought up and dodged by everyone in the room.

One discussion that seemed to make sense was that affordable housing should not be sought directly downtown, but rather, in "close-in", more affordable areas where public transit could be utilized.
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