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Eliza
2008 Feb 23, 10:58am
@Malcolm:
Yeah, with regard to public schools and the money crunch there--one does wonder what the heck they are doing with the high Cali income taxes and the high Cali sales taxes. Something is deeply wrong somewhere.
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*pun courtesy of CalculatedRisk
Intractable social problem: meet opportunity.
Some homeless turn to foreclosed homes
There have been several posts from yours truly contemplating this very idea, and now it looks like the word is out on the street and being put into practise. Could there be a more perfect, complementary "market-based" solution to the twin problems of: a) homelessness, and b) housing bubble oversupply?
Personally, I wouldn't object to having some of my tax dollars diverted to formalizing the "Bandos" into a legitimate form of public housing (with appropriate oversight by law enforcement and building inspectors, of course). It sure beats maintaining the status quo on both fronts: skid row/downtown areas overrun with stinky homeless people urinating, shooting up, and prostituting themselves in public; and depopulated suburban Specuvestor cities replete with mosquito-infested swimming pools and McMansions being turned into gang 'safe houses' and crack/meth factories.
HARM
#housing