Why do the folks fuss so much over so-called 'affordable housing', 'employee housing' and other deed restricted development?
You would think they would be happy, grateful for the ability to rent or purchase a home.
Think again.
In a certain number, deed restricted homes make sense. But, in order to make such a system work there has to be jobs that go along with them. When big chunks of these so-called employee housing units are bought up by an employer like the Aspen Ski Corp and then the creative uses of J-1 and H2B Visas are used by that same employer to pump in temporary immigrant workers; there is nothing of worth for the local and legal citizen.
On another note, think of how much power there is for a developer in being able to literally hold hostage the real estate market by working in sync with politicians to control moratoriums on building and deed restricted developments. If it was the Federal Reserve or Wall Street (or even the hallowed halls of Congress) we would be shouting out those dark words: "Insider Trading!!!!"
Think about that much power and control over the lives of the folks.
Will BoneDale Trustees continue the sham, the farce of 'deed restricted' building?
Hmmmm....maybe that depends on who they elect to office shortly. If you are for common sense, then for sure forget about voting for Bill Lamont (you remember him...the old Judy Haptonstall crony and recent loud voice for pro-VCR).
John Colson:
"CARBONDALE, Colorado — The town's trustees are worried that changes proposed for the rules at one affordable housing complex, Keator Grove, might spell disaster for other such projects or for the town's overall affordable housing guidelines.
So the board of trustees will sit down at a work session in May to review the relevant town codes and other documents, before turning back to the Keator Grove situation.
“I need more time to make sure there's no unintended consequences,” said Trustee Frosty Merriott at the board meeting on Tuesday.
At that meeting, the trustees reviewed the latest request from the Aspen Skiing Co. and individual owners of homes in Keator Grove, seeking changes to the deed restrictions governing resale of certain homes and townhomes in the project.
The Skiing Co. owns 16 of the 52 units in the complex, and has formed a sort of partnership with individual homeowners. Together, they are hoping to eliminate price caps for resale of some units.
The price caps limit the yearly appreciation in the prices of homes, as a way of keeping the units affordable. But when prices plummet due to the economy, the caps are seen as a threat to the owners' equity.
Homes that three years ago sold for $450,000, for example, might today sell for half that amount, according to Skiing Co. attorney Dave Myler and Keator Grove homeowners...."
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"Unapologetically pursuing and tracking patterns within the news others make since 2010."
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