Posted on 01/06/2005 1:01:29 PM PST by Graybeard58
A home or a piece of property is an investment, not just a place to live. I do not wish to sell my house for less than I paid for it. Apartment complexes, subsidized housing and "manufactured housing" have proven time and time again to lower property values. I'm not interested on losing thousands of dollars in equity on my property just so some rentor can feel better about their station in life.
People see their heighborhoods going to crap and they sell and move somewhere else or start renting the property before the value of their property tanks, leaving a once nice neighborhood to the rentors and HUDs who have no respect for, or investment in, the property. Subsidized housing is poison to real esate values.
BTTT
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