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February 14, 2005
Unintended Consequences - Habitat for Humanity Housing Crisis
I'd never read much about the restrictions on Habitat for Humanity houses - but this Washington Post article makes it clear that things are not as simple as I thought. House values are rising quickly in Northern Virginia, which means that property taxes rise quickly. Habitat house owners can't sell at a profit until the 20 year mortgage is paid off, so they can't sell and move somewhere cheaper. Etc, etc. Interesting.
Posted by CrankyProfessor at February 14, 2005 10:41 AM