Comment on Affordable Housing Issue

Comment on affordable housing issue

Elizabeth Yaeger's idea [letter to the blog published last week] to solve the low-rent housing problem is the best one I have heard yet. When the city approves a zoning change, it is a gift to the property owner. When the city permits a board-and-care facility to be placed in Mission Viejo, it is a gift to the homeowner. The profits in these places are huge. A bed rents from $3,500 to $4,000 per month, TIMES FOUR residents, equals $14,000 to $16,000 per month with costs somewhere in the $8,000-per-month range. These "gifts" need to be repaid to our city.

Carl Schulthess