I can tell you for a fact, being in the industry for 45+ yrs the reason housing is so unaffordable in this state and all democrat run states, is the up front costs FOR EVERY SINGLE PROJECT and its getting worse in every way. Government regulations and the people who enforce these ridiculous building codes and regulations have made building anything in this state prohibitively expensive. There is no affordable building in this state. There is high end, and government funded. That's it. IF you want affordable housing it has to be affordable to build. When there was houses for sale that young families could afford privately the towns grew at reasonable rates, and those people didn't need to rent which opened up rentals. It's all the fault of government and over reaching regulations. Period. (Todd Skilton)
CT voters in their wisdom elected a dem supermajority in Hartford. So they shouldn't complain about what they are getting.
As to Portland,CT's 250 unit bldg - that could add as much as $2mm in the school budget to cover the # of new students in town. How much property tax will that building pay?
If all this new apartment construction is going to have any meaningful affordable housing component, what happens to all the landlords holding class C buildings, which make up the bulk of affordable apartments in the state?
And where is demand for housing coming from? CT's economy and employment has been static for decades.
The lagniappe - Lamont is now floating running for a 3rd term.
Through public-private partnerships and overbearing housing policy—has turned real estate into a crony capitalist scheme that primarily benefits large institutional investors at the expense of everyday homeowners and renters. It suggests that government is not solving the housing crisis but rather exacerbating it by enabling private profiteering through legislative overreach masked as affordable housing policy. Government-Backed Corporatism (Disguised Socialism):
The government partners with large corporate developers and funds them under the banner of “affordable housing.”
These public-private partnerships are centralized schemes in which state power is wielded to benefit selected economic actors—resembling the state-controlled allocation of resources seen in communist systems.
I can tell you for a fact, being in the industry for 45+ yrs the reason housing is so unaffordable in this state and all democrat run states, is the up front costs FOR EVERY SINGLE PROJECT and its getting worse in every way. Government regulations and the people who enforce these ridiculous building codes and regulations have made building anything in this state prohibitively expensive. There is no affordable building in this state. There is high end, and government funded. That's it. IF you want affordable housing it has to be affordable to build. When there was houses for sale that young families could afford privately the towns grew at reasonable rates, and those people didn't need to rent which opened up rentals. It's all the fault of government and over reaching regulations. Period. (Todd Skilton)
The government is worse than the mafia! It is out of control!
CT voters in their wisdom elected a dem supermajority in Hartford. So they shouldn't complain about what they are getting.
As to Portland,CT's 250 unit bldg - that could add as much as $2mm in the school budget to cover the # of new students in town. How much property tax will that building pay?
If all this new apartment construction is going to have any meaningful affordable housing component, what happens to all the landlords holding class C buildings, which make up the bulk of affordable apartments in the state?
And where is demand for housing coming from? CT's economy and employment has been static for decades.
The lagniappe - Lamont is now floating running for a 3rd term.
Through public-private partnerships and overbearing housing policy—has turned real estate into a crony capitalist scheme that primarily benefits large institutional investors at the expense of everyday homeowners and renters. It suggests that government is not solving the housing crisis but rather exacerbating it by enabling private profiteering through legislative overreach masked as affordable housing policy. Government-Backed Corporatism (Disguised Socialism):
The government partners with large corporate developers and funds them under the banner of “affordable housing.”
These public-private partnerships are centralized schemes in which state power is wielded to benefit selected economic actors—resembling the state-controlled allocation of resources seen in communist systems.