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@dradambanks The entire valuation makes no economic sense. Racism is central to the sys of housing valuation (& racist allocation of communal resources.) *Plus, as a widget, it is used, deteriorating, its systems wear out, grow less efficient/obsolete over time. Why shd it increase in value?
@dradambanks Banks make more $ based on the loan amt. The reason GOp/Reagan privatized public housing was so the banks cd double dip on the financial products: a) interest on the construction loan, then b) tax write offs for capital supplied to build projects. This also adds cost btw..
@dradambanks This entire system built around housing construction, valuation, its financing is a racist based scam... and I’m saying tht as an architect in housing for 30 yrs. I see the financial proformas, the budgets. The banks and developers make out the best — not residents, tenants.
@dradambanks Wypipo control affordable housing but in particular, the *financing and decision making arnd #affordable housing: where it gets built, by whom etc. Just look at all the white faces at any “affordablehousing” conference or org who claims to provide housing help. White run.
@dradambanks If #housing valuation is based on “location”, RE agents are really saying value is based on proximity to whiteness. They list schools, transportation, access to commerce, shopping etc free of impact from toxic industrial plants as valuable. Black ppl /PoC are segregated out.
@dradambanks But white ppl control how municipalities deploy resources for “good schools”, roads, transportation (which makes access to services, work convenient/desirable.) Municipalities/govt controls environmental decisions [Flint], what communities are kept safe, what is cleaned up etc.
@dradambanks We really have to be a part of public policy, deciding who gets capital, who gets protected, who gets schools, roads and where. I had to fight a developer frm creating segregated tax payer subsidized housing in Boston. The wypipo were totally ok w/ it before I stepped in.
@dradambanks I cd go on and on .. we have to be a part of the decision making process, take control of the policy and money, hold ppl accountable, stop them when necessary. Do what you can, where you can. But housing is a human right, a healthcare issue and shd be a depreciating widget, imo.
