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Message from the Mayor: Affordable housing has been addressed for years (media is late to the party), and she wants to hear your ideas — 3 Comments

  1. i don’t consider $500,000 units affordable housing. if we’re talking affordable doesn’t it have to be accessible to low income people and doesn’t that mean rental.

  2. Affordable housing can be rental or buy, rent 1000 or under is great and a house under 350k would be great, but then again im not fully educated on if its even possible now in the markets.

  3. The government should get out of the housing business and let the private sector solve the problem.

    Take all of the money spent on public housing and return it to real estate entrepreneurs. Make the first $50,000 in rental income tax free. Allow rental properties to be depreciated at 20% annually, instead of the current 4%.

    If the government dared to take these steps, you would see such a boom in new rental property construction, the homeless problem would be solved in 5 years.

    But it will never happen. The present system will endure because, as Glenn Reynolds opined, there are more opportunities for graft.