Tag Archives: afforability

Did they change the definition of affordable?

Well…yeah, I know, I’ve bitched about this before but reading about a new condo project that is going to go up on the lakefront in the area that they have been cleaning up all summer and that the bike trail I ride goes through, I just had to comment…and I have the question: “did they change the definition of affordable?” In the story there are a couple of things I have a problem with…first is the affordability of the 300 condos they plan on building on the site that will sell from 599,000 to 999,000 thousand dollars…now, is that affordable to you? My house is affordable…I only paid 90K for it…but 600K? I really don’t know many people who can afford a 600K condo and stats show that more than 60% of Americans can’t even absorb a surprise 400 dollar bill let alone a house or condo payment of 3,000 dollars a month…so I wonder who will buy these things? Oh, and the second part…the developers say they are going to keep the lakefront open to the public and I really don’t think that is going to happen…if these people have enough cash to pay 600K for a condo, they sure are going to want an exclusive use of the property and are not going to like the idea of having to mingle with the riff raff…and I’ll bet that my bike trail, that runs along the shoreline and that the developer has promised will stay where it is, is going to be closed as “under construction” for a few years until people just get used to it not being there and they will tear it out….I know, pretty cynical thinking but just looking around here on my rides, everything is behind fences and gates and rich people just love them some fences and gates to keep everyone away from them….so, I guess I’ll believe it when I see it…if I live that long…