Does it seem like the same people who were wringing their hands over low housing prices a few short years ago are the same people lamenting the alleged dearth of “affordable” housing now?
The housing crash and downward-spiraling prices of a few years ago were great for “affordable” housing. But a large number of people and politicians were determined to jack housing prices back up as quickly as possible.
Headlines like the one below are quite common. And a quick Google search for “lack of affordable housing” turned up over 5.8 million hits this morning.
Affordable housing in the suburbs hard to come by – Democrat and Chronicle: There also have been federal cutbacks that have made funding new affordable housing development more difficult at the state and county level. “In the suburbs, I think it’s really, really difficult to find affordable housing,” said Susan Boss, executive director of Rochester’s The Housing Council. “There’s more households of modest means than we have housing for.”