Is There a Housing Crisis: Difference between revisions
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#Cost of low rent afforded by the poorest people makes apartment operating cost unsustainable? [https://apps.urban.org/features/cost-of-affordable-housing/] | #Cost of low rent afforded by the poorest people makes apartment operating cost unsustainable? [https://apps.urban.org/features/cost-of-affordable-housing/] | ||
#Tax credits apply to those whose income is 60% of median [https://apps.urban.org/features/cost-of-affordable-housing/ | #Tax credits apply to those whose income is 60% of median [https://apps.urban.org/features/cost-of-affordable-housing/ | ||
#Current standard for affordability: no more than 30% of gross income [https://apps.urban.org/features/cost-of-affordable-housing/] | |||
=Issues= | =Issues= | ||
Revision as of 00:57, 25 October 2021
Data
- Median house cost - $128k Mayville mo. [1].
- South midwest and south east, at $250k around for median price. [2]
- Detroit is like 1/3 the average housing cost! [3]
- Cost of low rent afforded by the poorest people makes apartment operating cost unsustainable? [4]
- Tax credits apply to those whose income is 60% of median [https://apps.urban.org/features/cost-of-affordable-housing/
- Current standard for affordability: no more than 30% of gross income [5]
Issues
- KC situation. Affordable is rent only of $700. [6]. If SEH costs $100k, can we do rehnt at $700/month? Link to a guy building affordable homes, 5 per year.
- Inclusionary (affordable) zoning - actually increases housing costs? [7]
- Essential conflict of interest between big builder profits and affordability? [8]
Solutions
- Habitat does CEO Builds - [9]. May not scale well without Extreme Manufacturing principles
Revenue Models
- Apartment complex economics. $700/mo. One year at $8.4k. Works with free land and utilities using Radical Waste Treatment.