Unaffordable Housing?
Unaffordable Housing?
Today’s Bellingham Herald has an interesting article on a report recently released by the Countywide Housing Affordability Task force: “Task force: Local tax money key to affordable housing”
According to the article, Paul Schissler, of the Kulshan Community Land Trust and a task force member, wants to add 25 cents per $1,000 of property valuation to “...generate a lot of local money…” He thinks a local levy is two or three years away.
Ted Mischaikov, local developer and task force member, says real estate is the most equitable source of funding “...because the sale of increasingly expensive properties is closely related to making housing expensive…” I’m not sure how adding costs is supposed to solve that problem.
Many who purchased their homes long enough ago that their mortgages are now affordable are finding that their burgeoning tax assessments are already making life less affordable. Does making existing homeowners’ property less affordable seem like a reasonable way to create affordable housing for others?
The problem is that we have legislated affordability out of the housing market and need to rethink our land use codes. Providing affordable housing and meeting our infill goals can be easily addressed with the stroke of a pen. It could be accomplished without public funds.
Allowing mother-in-law cottages and carriage house apartments could radically increase the supply and diversity of housing stock without creating huge public costs for infrastructure or public services - and without necessitating up-zones destructive of neighborhood character.
Such units would help property owners pay their bills, help residents save toward down-payments on property of their own, provide better eyes-on-the-street security for everyone and offer better supervision against common “animal house” nuisances like parking, noise, litter, etc.
Before we start taxing people out of their homes, let’s try enabling the market to meet these needs. That’s better than encouraging large tax-based empires. Large budgets and bureaucracies are susceptible to favoritism and abuse. They tend to become self-serving. Government intervention in markets should be reserved for things the private sector cannot reliably provide. The first step should be to remove the barriers to market adaptation.
Also, be careful who you lavish tax monies upon. We have already found that funding one cause can horribly interfere with the function of others (See Related NwCitizen Articles).
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