Beltracchi: Thinking big on housing
Big problems such as affordable housing require big solutions. We live in an area where the free market for housing is severely distorted by the ability of second-home owners to pay cash, and lots of it, for any housing that is close to the resorts. I know several people who are in their 30s and 40s, have kids and good jobs, but even with 3% interest rates and down payment assistance, $500+ per square foot for real estate is not affordable for first-time buyers. Mike Beltracchi These are people who have been in the valley for 5-10 years and would like to stay and raise their families here. Th...
Source: vaildaily.com