Comment 33458

By seancb (registered) - website | Posted September 14, 2009 at 13:33:58

borrelli,

The problem is that the discussion continues to follow this pattern:

-We want to put a 50% subsidized mixed-use housing complex into the connaught

-That is a terrible use of that building!

-What is so terrible about subsidized housing, why are you against the poor?

Anyone who opposes the development is swiftly labelled as "Against the poor" or "down on subsidized housing". The conversation quickly goes off on a tangent as everyone fights to defent their views from a subsidized housing frame of reference.

The bottom line is, despite tangents, we need to ask if this is a good investment IN THAT SPECIFIC PROPERTY.

Or as ryan said, why don't we just take that 18 million in subsidy and buy 100 houses scattered throughout the city and offer them at 80% market value?

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