Post a New Topic
Original post made
on Jun 24, 2010
I'm looking forward to the towns of Atherton and Hillsborough putting in BMR housing so I can live there!
Ha ha ha Steve. Me too!! Let's not forget Los Altos and Palo Alto. But I agree, I'd much rather hang in Atherton. funnnny.
How magnanimous of the city council.
It's the city council's fault that rents and housing prices are so high to begin with. How about rolling back all the stupid zoning laws that prevent developers from building dense urban dwellings like high rises. I'm stuck paying $2000 a month in rent for a less than 1000 sq ft. Roll back the zoning laws, and watch homes go up while rents and prices come down, and tax revenues increase. Everyone wins.
The free market has its shortcomings, but this is one case where it performs better than any council could ever plan.
City council, you're not making things better; you're making them worse. Get out of the way and stop playing kingmaker.
Is this really true?:
"50 percent of the area median income, which is $96,000 a year for a family of four"
Seems a bit high. I guess they are only considering the government jobs.
really... some studies have shown BMR housing actually serves to reduce affordability, yet in these days of $5M city budget gaps, laid off teachers and reduced police staffing, we still find the money for 51 "gold plated" BMR units???
It is hard to believe a city that crys wolf and wants to take away services and employee funds when they make purchases like this and lets not forget the Moffett Blvd land that is going to sit there for years to come.
As I understand it, the City collects fees from the for profit developers to assist with building the affordable housing. I for one do not want to live in a town where only the rich can afford to live.
Lisa... the fees from the "for profit developers" make those new homes in Blossom Valley (e.g. Satake Estates and Classics at Miramonte) cost just a bit more... which in turn raises property values and makes all but BMR houses LESS affordable. BMR and the preferred funding mechanism (taxes on new construction) raise real estate prices, not lower them. BMR goes against basic economics (supply-demand). If we really want more affordable housing in Mountain View, we should be against restrictions on zoning and advocate for high-rise developments to increase supply... not onesies and twosies that supply a drop in the bucket of demand. Further, there are affordable housing options in Mountain View, they just aren't very nice... a search of craigslist will turn up 2 bdrm apts around $800/mo, and 3 bdrm under $2K. I'd like a beachfront villa in Carmel I can afford, should the owners there feel ashamed that they are not willing to provide BMR for us lowly rich people (as opposed to filthy rich)?
I agree with "priorities," all the research shows that BMR only makes housing less affordable.
Palo Alto, Los Altos and Menlo Park all have BMR housing - can't seem to find any in Atherton or Hillsborough, sorry guys...
No for BMR housing...Yes, for better dinning and shopping downtown (like Palo Alto).
Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.
Post a comment
Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online.
Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information
We prefer that you use your real name, but you may use any "member" name you wish.
Select your neighborhood or school community: * Not sure?
- Bailey Park
- Blossom Valley
- Castro City
- Cuesta Park
- Jackson Park
- Monta Loma
- North Bayshore
- North Whisman
- Old Mountain View
- Rengstorff Park
- Rex Manor
- Shoreline West
- St. Francis Acres
- Stierlin Estates
- Sylvan Park
- The Crossings
- Waverly Park
- Whisman Station
- another community
Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.
Sneak peek: Bradley's Fine Diner in Menlo Park
By Elena Kadvany | 5 comments | 3,412 views
By Chandrama Anderson | 0 comments | 1,680 views
Best High Dives to Watch the Game
By Laura Stec | 5 comments | 1,307 views
Home & Real Estate
Shop Mountain View
Send News Tips
Circulation & Delivery
Palo Alto Online
© 2014 Mountain View Online
All rights reserved.