So apparently New Berlin decided to
reject a proposal to build affordable housing in some proposed development. Not so captivating but for the odd process by which the city got to its answer.
First, the mayor called his residents
bigots and racists in an email, and then backpedaled once it was leaked to the public. Which means he probably thinks they're bigots and racists. Three cheers for candor!
Racism and bigotry aside, the actuality is that many of them just aren't that bright. A plethora of people have stepped up in the intervening weeks to showcase just how little they actually understand about the nature of housing development. There are countless others on the internet, but here's a choice example from today's MJS:
Resident Doris Gillard asked the commission, "What were you thinking when you allowed a developer to come in with a fistful of tax dollars to aid him in building a tenement."
She said she was involved in creating the vision for City Center, a vision that she said did not include a tenement.
Apparently the developer was going to build the second coming of Cabrini Green. Apparently assistance from WHEDA is the same thing as Section 8. Apparently the apartments came with options, like boarded windows or broken windows and a surcharge for lead-free paint. But hey, you don't need facts anymore in this country when you can argue with pitchforks and torches in hand.
The irony, of course, is that virtually everyone in America who owns a home lives in subsidized housing. Every year, they get a statement from their bank that lists the interest they pay on their mortgage, and then they write that off on their taxes. Then they write off their property taxes as well. Many states provide additional property tax relief on primary residences, or if you're a senior or a veteran.
A family that borrows $250,000 at 5% is going to write off over $12,000 in income in their first year of home ownership. In the 28% bracket, that's a subsidy of over $3,300 a year. At a combined mill rate of $20 per $1,000, they'll also be writing off $6,000 a year in property taxes, or another $1,680 subsidy (assuming an assessed value of $300,000). That's nearly $420 a month in government subsidies, and for what? Is home ownership really
that valuable to society?
We're all on the dole - so why is it that homeowners get so damn high and mighty when government provides assistance to non-homeowners?
Maybe this proposal was a bad fit for the neighborhood. That's a legitimate argument, certainly. Unfortunately, it's also an argument that appears too often lost while the homeowning pigs of New Berlin wallowed in the slop of their own ignorance.