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Demand for cheap housing hits record

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Like I was saying | 11:36 a.m. Dec. 27, 2007
Now we know where the DN stands. I had written an earlier comment that was posted and since has been removed.

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.
Greg | 2:30 p.m. Dec. 27, 2007
Not to go all nasty on a good thing (especially since I donate to groups on the list), but the only reason why housing costs have spun out of control is because we let them! It is our fault that we have created this group of people.
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.

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