Media Starts To Get It: Housing Should Be Affordable
The housing bubble is bad for business, for families, for communities, tax districts, urban planners, the environment, etc. And the media is starting to see through the chamber-of-commerce spin. Case in point; this study put out on the Portsmouth Herald site.
"A study confirmed what most business people have felt for some time: The lack of affordable housing is hurting the ability of business to thrive and expand. New Hampshire loses between 1,300 and 2,800 jobs, and between $21 million and $33 million in state and local taxes, annually because of the problem."
"Since 2001, the increase in the cost of housing has outstripped the increase in family incomes by 10 times."