Posted Jan 16, 2008, 10:26 PM
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Registered User
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Join Date: Apr 2007
Posts: 1,563
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Yeah, it seems that the idea of "everyone must be able to afford TO BUY a nice property in any neighborhood" is a relatively new one... and maybe not a good one! I can't help but think of the utopia of urban density, Manhattan, with it's rent control and renters of all income ranges (not so much recently, but for most of its past)...
My quick calculation tells me a household making 50,400 could afford a $1400 apartment at the Monarch. That's a good quality high-rise. And others might be cheaper, plus some of the new condos will be renting at far below the carrying cost while the owners hope for appreciation long term.
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