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Demand for cheap housing hits record
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My comment stated the plight of the struggling families in Utah trying to make ends meet against the rapidly rising housing costs.
Perhaps they didn't like my mentioning the lack of government intervention to regulate the rapidly rising rental costs. Perhaps they wouldn't need to build low income housing if rental properties weren't such big business.
Or, perhaps the DN didn't agree with the dollar figures for local rents that I posted. All they have to do is pick up one of those rental magazines at their local grocery store and browse through that. Maybe a few phone calls or visits to the apartment complex wouldn't hurt either to actually see what one gets for their money. For example, where I live, the 400 square foot apartment in Midvale is advertised at $578/month. Add to that the $15 hidden monthly fees for covered parking and $30 plus for water & garbage (yes, they actually don't include this in the rent) and the total comes to $623. Because the water isn't metered individually I am subsidizing the payment for others.
By allowing banks the lattitude to "creatively finance" the homebuying process, we pretty much priced everyone out of ownership. And, somewhere around a trillion dollars (or more) worth of "correction," we might get things back to normal again.