Several Affordable Housing Developers Are on the Verge of Collapse

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

You know what I believe housing is a human right that you have the right to get up every day and work for, just like everyone I know does. I am not of the belief that people are not capable of providing for themselves. When I could afford less I had roommates, lots of roommates, was it idea? No! But that's what I had to do to have a roof over my head, I am not interested in paying for others housing.

I agree with this.
Every human has the right to get up and work for their housing, as well as move to another area if one area is too expensive.

I have the right to live somewhere, but I do not have the right to live anywhere I want regardless of my ability to pay for it.

This is 100% on DC’s permissive tenant laws that disincentivize anyone from building, owning, or operating affordable housing. That is why there is a shortage and there will continue to be a shortage because no one will build it when tenants essentially don’t have to pay.

[Anonymous]

Anonymous wrote:This will be a great time to demolition old affordable garden apartments and redevelop them in to mid-rise and high-rise market-rate buildings with a lottery to apply for a few affordable units in those buildings.

This is exactly the view if DC Big Development shills like GGW, Ward 3 Vision, Cleveland Trump Smart Growth, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

You know what I believe housing is a human right that you have the right to get up every day and work for, just like everyone I know does. I am not of the belief that people are not capable of providing for themselves. When I could afford less I had roommates, lots of roommates, was it idea? No! But that's what I had to do to have a roof over my head, I am not interested in paying for others housing.

I agree with this.
Every human has the right to get up and work for their housing, as well as move to another area if one area is too expensive.

I have the right to live somewhere, but I do not have the right to live anywhere I want regardless of my ability to pay for it.

This is 100% on DC’s permissive tenant laws that disincentivize anyone from building, owning, or operating affordable housing. That is why there is a shortage and there will continue to be a shortage because no one will build it when tenants essentially don’t have to pay.

There is no apartment shortage. I agree with you about the tenant laws and how that impacts the apartment rental market but it does nothing for the affordable housing people want because the profit margin is low for the amount of capital needed.

[Anonymous]

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

You... you... you know DC is one of those areas and is perhaps the most liberal of them all. Right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

You know what I believe housing is a human right that you have the right to get up every day and work for, just like everyone I know does. I am not of the belief that people are not capable of providing for themselves. When I could afford less I had roommates, lots of roommates, was it idea? No! But that's what I had to do to have a roof over my head, I am not interested in paying for others housing.

I agree with this.
Every human has the right to get up and work for their housing, as well as move to another area if one area is too expensive.

I have the right to live somewhere, but I do not have the right to live anywhere I want regardless of my ability to pay for it.

This is 100% on DC’s permissive tenant laws that disincentivize anyone from building, owning, or operating affordable housing. That is why there is a shortage and there will continue to be a shortage because no one will build it when tenants essentially don’t have to pay.

There is no apartment shortage. I agree with you about the tenant laws and how that impacts the apartment rental market but it does nothing for the affordable housing people want because the profit margin is low for the amount of capital needed.

The profit margin would be more sustainable if tenants paid their rent, or failing that, were allowed to be evicted in order for a paying tenant to move in.

[Anonymous]

I know several people who own condos in DC that they once occupied but are holding onto the asset. They sometimes put them on Airbnb to offset costs but they are reluctant to lease them for rent because of D.C. law. They don’t want to get stuck with a tenant who is near-impossible to evict, they don’t want the contract uncertainty when they sell of having to offer the tenant the right of purchase, and they don’t want the hassle of having to take a voucher holder as a tenant. As a result of DC’s too pro-tenant laws, units effectively sit off the market instead of being rented.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

Do you think those same homeless people have any understanding of how to care for a property or be good neighbors? The majority of these people need to be institutionalized for their own well being.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

Many grade B vacant office buildings should be converted to Single Room Occupancy hotels like they once had in New York. These are dorm style buildings so the large bathrooms at the central elevator core can just add showers and office can be converted to 200 sq ft rooms. Homeless would not have to leave during the day if they had no where to go, but could stay in a central area with computers television, treatment programs, etc. Much cheaper than maintaining them in scattered locations and policing the crime that afflicts them

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

Many grade B vacant office buildings should be converted to Single Room Occupancy hotels like they once had in New York. These are dorm style buildings so the large bathrooms at the central elevator core can just add showers and office can be converted to 200 sq ft rooms. Homeless would not have to leave during the day if they had no where to go, but could stay in a central area with computers television, treatment programs, etc. Much cheaper than maintaining them in scattered locations and policing the crime that afflicts them

Tenements and hostels?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

Many grade B vacant office buildings should be converted to Single Room Occupancy hotels like they once had in New York. These are dorm style buildings so the large bathrooms at the central elevator core can just add showers and office can be converted to 200 sq ft rooms. Homeless would not have to leave during the day if they had no where to go, but could stay in a central area with computers television, treatment programs, etc. Much cheaper than maintaining them in scattered locations and policing the crime that afflicts them

Tenements and hostels?

Institutional(ized) housing may be the way forward in a lot of cases.

[Anonymous]

I feel who those voucher holders don’t babe employment, they should live in shelters.

[Anonymous]

Good.

[Anonymous]

Anonymous wrote:I feel who those voucher holders don’t babe employment, they should live in shelters.

What did I write, gesh.

I meant to say, if these voucher holders don’t have employment, they should live in shelters.

[Anonymous]

Anonymous wrote:I know several people who own condos in DC that they once occupied but are holding onto the asset. They sometimes put them on Airbnb to offset costs but they are reluctant to lease them for rent because of D.C. law. They don’t want to get stuck with a tenant who is near-impossible to evict, they don’t want the contract uncertainty when they sell of having to offer the tenant the right of purchase, and they don’t want the hassle of having to take a voucher holder as a tenant. As a result of DC’s too pro-tenant laws, units effectively sit off the market instead of being rented.

+1

My DH owns several rental properties. He would not buy in DC for this exact reason. We are not interested in paying for strangers to live in a condo we pay for. That’s essentially what DC tenant laws allow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let them go bankrupt and just demolish the buildings once they get repossessed for unpaid property taxes. Provide dispossessed people with one way bus tickets to very liberal jurisdictions like NYC that believe housing is a "human right".

If we don't treat housing as a human right, then we end up looking like Florida with its sidewalks and parks full of homeless people.

Many grade B vacant office buildings should be converted to Single Room Occupancy hotels like they once had in New York. These are dorm style buildings so the large bathrooms at the central elevator core can just add showers and office can be converted to 200 sq ft rooms. Homeless would not have to leave during the day if they had no where to go, but could stay in a central area with computers television, treatment programs, etc. Much cheaper than maintaining them in scattered locations and policing the crime that afflicts them

That poster was being sarcastic. FL doesn’t have near the homeless problem Dc does.