Wednesday, July 26, 2006

Affordable Housing Nonsense

Is this inconsistent?

"Housing is a right," said Joy Johnson, a panelist and herself a beneficiary of public housing. As she explains it, she relies on her publicly funded residence to keep her from having "to depend on a man or the system to take care of my family. It allows me to be independent."

This quote is from a recent C-ville Weekly story about affordable housing. Affordable for whom? Housing prices are high here because the demand for housing is high. It's called market economics. Charlottesville's lower-end neighborhoods are being gentrified because current owners are willing to sell to someone who is willing to pay, in many instances, more than the appraised value of the property.

And to the living wage mirmadons in Charlottesville: You could raise the minimum wage to $50 an hour and it would still be minimum wage. Everyoneone would still make more money than you, and you would still scrape bottom every week with your entry-level, zero-skill job. Goods and services would become more expensive to pay for your crappy minimum wage $50 per hour.

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