I live in a popular vacation destination and lack of affordable housing is killing our community. Our homeless population is huge, and even people who have decent jobs can’t afford a home in the area (I have a government job and I can’t!) while the multi million dollar waterfront homes sit empty for nine Nike Houston Astros logo Just Hate Us shirtmonths out of the year. The towns consistently vote not to add affordable housing, but then complain about the homeless and wonder why young people are leaving the community. Before long, there won’t be anyone left to serve the tourists. It breaks my heart.If we accept that there are excess profits in housing, who decides what is excess? Once that decision is made, who will invest to build housing that yields that profit. And once that housing has been built, what limits the municipality from increasing the tax burden and reducing those profits. Which leads to the question of how to adjust those limits based upon the fiscal environment.
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