"The organized opposition [to Prop H] is a smaller group that includes Jon Coupal, president of Howard Jarvis Taxpayers Association, and Richard Close, president of the Sherman Oaks Homeowners Association. They've raised concerns that another bureaucracy may not act efficiently to get the monies where they're needed. Opponents also claim that there are existing programs to help homebuyers and that Measure H is a payday for developers and builders."
- Yes on Measure H: a measure of humanity [The Jewish Journal of greater L.A]
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It's a no-brainer that a homeowner's group, one generally opposed to all development (or at least one that would prefer no development, even if some projects are supported) would come out against any initiative designed to construct more housing.
"Affordable" housing means lower prices, and SOHA, plus any other homeowner's group, is only in favor of higher home prices, which means more wealth for its members.
I leave in Tulsa, Ok and when I see what you have to pay for housing it is jaw dropping. You can buy a 3000sq ft house in mid range for 150,000-250,000. And a up scale new home of 3000sq ft for 300,000-500,000. Hot Cookies
As someone who had gone through the steps of getting into these so called affordable housing programs, short of actually purchasing (I went as far as getting approved for a middle-income program and attending the required first-time homeowner class), I have to agree that it is the professionals in the housing that gets the better end of the deal. These programs and so called affordable developments artificially inflate housing prices. A lot of these are rediculously overpriced. It's not priced for the lower/middle income household. I thought better of it and pulled out. The last draw was when the lender(developers) pushed for me to sign on a dependent I did not have on the application. And I quote, anyone your know's social security number will do.
Part of my search for affordable housing led me to a new dev. of loft style condos that had pulled out of the selling and into the renting market. 1 bd 1 ba less than 700sqf is priced at over 2k a month...I asked how could it possibly be labeled affordable for the overcrowded dingy neighborhood, they said depending on how much I make, the government has programs that pay for the difference of what I can afford and how much they charge!!! I couldn't believe it! So yes! if you wonder if these developers make any money or if these programs are doing what it is meant for...there it is.
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