Housing affordability vs. affordable housing
Seems to me that the old term "affordable housing" really doesn't speak to what's on the mind of many Chicagoans these days. When I think of "affordable housing", I think of folks trying to get a step up on the economic ladder, which is a good thing. But I am wondering more about "housing affordability," homes for people like you and me, people who, by many standards, have made it, people who are making $45,000 to $80,000 per year, who work hard, but given the price and conditions for buying these days don't want to over-leverage themselves.
Perhaps we need a new way to think about the personal finances of home ownership. I'd like to hear what you think about this.
Related to affordable housing, today we looked at land trusts and what they can do to create affordable housing.
In the right place, I looked at what real estate was and is becoming. I'll be revisiting that discussion time and time again. Seems that home ownership is due for a redefinition either in its place in the icon of "Tha American Dream" and/or in the way that we think of it. I welcome your thoughts.
Read about the City's and some neighborhood land trusts
Read my column, The Right Place.
Chicagohousing affordability
Chicago neighborhoods
real estate
affordable housing
land trusts
