The last thing needed is more high-end housing, regardless of what town we're talking about. What we really need is workforce housing (not to be confused with subsidized housing).
When a typical house for a family of four is running ~$500,000, that locks a lot of people out of housing. How many employers can't hire anyone because there isn't any affordable housing for their prospective employees? Pretty much anyone making less than $100K will not be able to afford to buy a house and anyone making less then $70K won't be able to afford rent.
|