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I used to be puzzled by the logic, or lack thereof, in David Marino Jr.’s current Bangor Every day Information article, “Maine’s development of hanging onto properties for many years performs into affordability disaster.”
Is it higher to show over properties, every time making a revenue, or to remain in your house and stay part of the neighborhood? We have now owned our house for the reason that mid-Nineties. Our daughter grew up right here and went to highschool within the neighborhood. We all know our neighbors and aren’t in a rush to maneuver.
Does this imply we’re contributing to the housing disaster because the article implies? I hope not.
The problem is sophisticated, because the BDN’s ongoing protection has proven. There’s a nice revenue motive at play in a lot of the brand new housing that has gone up in our a part of the state. In Portland, there was the well-meaning, however disastrous “inexperienced new deal” referendum that provides to development prices and makes constructing “reasonably priced” housing even much less engaging.
This can be a drawback the market is unlikely to type out by itself. Fairly, we must be fascinated by the place we want housing and constructing really reasonably priced housing within the locations folks work and wish to reside — not simply luxurious condos which might be priced out of the vary of most working Mainers and supported by native tax breaks.
That can go a protracted strategy to remedy the issue.
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