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05:29 AM


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Take your pension fund, invest it in low income housing for almost zero investment return. Seems reasonable

 
YaRight
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User ID: 44270221
United States
01/03/2014 08:12 AM
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Take your pension fund, invest it in low income housing for almost zero investment return. Seems reasonable
This is going to be a train wreck


His plan calls for creating 11,000 units over eight years with the additional $1 billion input from the city’s $144 billion pension funds. It also includes contraction of 50,000 new units through "inclusionary zoning"—a requirement that developers build affordable homes for low- and middle-income families.


I really like the words "inclusionary zoning"—a requirement that developers build affordable homes for low- and middle-income families"

A requirement? FU .... watch what happens when builders are required to invest in things that don't make a decent ROI. Trust me they will past the "loss" onto private owners new construction projects

Opps forget the link
[link to www.ai-cio.com]

Last Edited by YaRight on 01/03/2014 08:13 AM
The most terrifying words in the English language are: I'm from the government and I'm here to help.
YaRight  (OP)

User ID: 44270221
United States
01/03/2014 08:23 AM
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Re: Take your pension fund, invest it in low income housing for almost zero investment return. Seems reasonable
bump
The most terrifying words in the English language are: I'm from the government and I'm here to help.





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