Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

City Celebrates Opening of Affordable Apartment Complex in South L.A.
KFI ^ | Nov 7, 2019 | City News Service

Posted on 11/08/2019 8:27:53 AM PST by eyeamok

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-4041-58 next last
I think I see the problem here, Affordable Housing obviously has different meanings to some, this works out to be $614,000 PER Cheap Ass Apartment in the Ghetto.

The article doesn't say how much rent is, but average rents are over $2000, which means it is on a 50-75 Year Plan Just to Break Even!!!

$65,000 gets you a small 3 bedroom 2 bath Manufactured Home complete, delivered and setup

https://www.claytonhomes.com/homes/51SSP16723AH

1 posted on 11/08/2019 8:27:53 AM PST by eyeamok
[ Post Reply | Private Reply | View Replies]

To: eyeamok

Building “affordable housing” in high cost cities is the definition of total insanity.

That means the politicians will keep doing it—over and over and over again!


2 posted on 11/08/2019 8:30:20 AM PST by cgbg (The Democratic Party is morphing into the Donner Party)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok; BenLurkin; beaversmom; Yaelle

3 posted on 11/08/2019 8:33:37 AM PST by KC_Lion
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

“$65,000 gets you a small 3 bedroom 2 bath Manufactured Home complete, delivered and setup “

I suggest you seek legal advice before signing any contracts.


4 posted on 11/08/2019 8:35:15 AM PST by TexasGator (Z1z)
[ Post Reply | Private Reply | To 1 | View Replies]

To: cgbg

Someone had to pay for material and labor, and soon the upkeep.

And there will be upkeep.

Once the bills and expenses start to roll in, whomever owns this slow-motion train-wreck is going to start cutting corners, letting needed repairs go for as long as possible, and using cheap material to do any repairs.

Quietly they will cash-out (i.e. cut their loses) and the next landlord will let it slide even harder until it is nothing more than Section-8 with a prettier name.

That is if the next owner isnt a sane business person, and starts making the units into market-rate condos.


5 posted on 11/08/2019 8:35:48 AM PST by VanDeKoik
[ Post Reply | Private Reply | To 2 | View Replies]

To: eyeamok

Where I moved to in rural KY, $50k will get you a nice modest 3 BR home on a fairly big lot. And it’s a university town.

That’s one of the reasons I moved here from Seattle. The closest I could come to the advantages of ex-patriating, without actually ex-patriating.


6 posted on 11/08/2019 8:36:55 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

Not if its rent-controlled. There’s a waiting list to move into one.


7 posted on 11/08/2019 8:37:03 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

Don’t forget there is a health clinic and Market as part of the complex. That obviously raises the value. LOL


8 posted on 11/08/2019 8:37:46 AM PST by ChildOfThe60s (If you can remember the 60s........you weren't really there)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok; SunkenCiv

Also Known As: “future slums” in tall concrete ugly buildings.

Been tried worldwide. Failed every time.


9 posted on 11/08/2019 8:37:47 AM PST by Robert A Cook PE
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

I’ve been to south LA. I wouldn’t want to live there. Of course, that was in GTA, but still.


10 posted on 11/08/2019 8:37:58 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TexasGator
I suggest you seek legal advice before signing any contracts.

I received all the Legal Advice I ever needed in High School during English Class:

The first thing we need to do is Kill all the Lawyers

But I did write a check for $150K and had a 1700 sq ft Mfg Home Delivered and Setup, Out the Door on My ready land.
11 posted on 11/08/2019 8:40:10 AM PST by eyeamok
[ Post Reply | Private Reply | To 4 | View Replies]

To: cuban leaf

Closest I’ve been to was to USC. No white person would be caught along live or dead in south central LA.


12 posted on 11/08/2019 8:41:02 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
[ Post Reply | Private Reply | To 10 | View Replies]

To: ChildOfThe60s
Don’t forget there is a health clinic and Market as part of the complex.

And in less than 1 year both will close due to break ins and shoplifting, which are Perfectly Legal in Los Angeles
13 posted on 11/08/2019 8:42:34 AM PST by eyeamok
[ Post Reply | Private Reply | To 8 | View Replies]

To: eyeamok

“I received all the Legal Advice I ever needed in High School during English Class:”

Then why did you misrepresent the facts?


14 posted on 11/08/2019 8:42:36 AM PST by TexasGator (Z1z)
[ Post Reply | Private Reply | To 11 | View Replies]

To: eyeamok

Somebody pays the difference between “affordable” and “true market price.”


15 posted on 11/08/2019 8:42:45 AM PST by I want the USA back (The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok
$614,285 per unit is ... affordable?

You can get a McMansion ON THE LAKE in the richest county in Georgia, under 1 hour from Atlanta, for that price.


16 posted on 11/08/2019 8:43:01 AM PST by ctdonath2 (Specialization is for insects.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

Within the LA city limit $614K is considered affordable housing. In fact, it is considered affordable for a great deal of LA County.

Most people who work in LA live east at the outskirts or just beyond the county limit. Most who work there can’t afford to live there. And many homes 1 1/2 to 2 1/2 hours drive from LA cost $400k and up.

The only way to find homes in CA that would be in the upper $200k to $300k range is to live in the middle of nowhere CA.

The wife and I left the state more than a decade ago. We thought it was bad then. We never foresaw our state getting as bad as it is now.


17 posted on 11/08/2019 8:43:11 AM PST by ocrp1982
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

Future ghetto, just like all the other government-built housing projects.


18 posted on 11/08/2019 8:43:24 AM PST by jeffc (The U.S. media are our enemy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

What is ‘affrodable’ and by whom?...................


19 posted on 11/08/2019 8:44:31 AM PST by Red Badger (Against stupidity the gods themselves contend in vain...................)
[ Post Reply | Private Reply | To 1 | View Replies]

To: eyeamok

I used to think the “projects” I saw growing up in a suburb outside Detroit we dangerous and crime ridden places. True.

But then I had to look up what “Section 8” meant a few years ago after seeing a local news site comment. It is the successor to one gathering place “projects” high rise for poor residents.

A house or an apartment integrated fully into a neighborhood where others earn their way in life by working and pay for their own housing. Some were bought in a distressed sale by the government after a foreclosure and so on. So several people sacrifice, work and earn money to pay for their houses while one or more next door are “Section 8s” who are free to loaf all day.

The Section 8 recipient pays a small honorarium such as $45 or $79 for a monthly rent or house payment of $1,400 or $5,000 for example.

Not all, but many house several relatives not on the contract, many are drug houses or part time prostitution houses and many foster teen or other vandalism and crime in the neighborhood. All have a signed written agreement to not have “violent criminals” or “illegal drug criminals” there-—IF the people really obeyed the rules. Big chance.

Often the good, decent people start to sell and leave. Then more. Sounds like the 1967 through 1970s white flight Michell Obama decried.


20 posted on 11/08/2019 8:45:06 AM PST by frank ballenger (End vote fraud & harvesting,non-citizen voting & leftist media news censorship or we are finished.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-58 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson