Viewing a single comment thread. View all comments

Unusual-Dragonfly-88 t1_j7ljnt4 wrote

Reply to comment by sledbelly in Dover builds tiny home neighborhood by sheila9165milo

The rent of these tiny homes are based on the average yearly income of a Dover citizen while adjusted for the unusually high rent cost of living on the seacoast! We will be lower than the cost of an average place to rent in Dover and therefore helping people save money towards a future home. As for the space, there are many individuals both young and old who have expressed the minimal space as more of a benefit for their life than being able to have more space. For students or young adults, most do not have the need for extra space and would rather pay less for that commodity. As for seniors, many of them want to downsize from their single family home and find an affordable 1 level place to stay as they begin their retirement! These tiny homes weren’t designed for long term ownership as many people begin families and want to have money saved up to buy a home!

1

Lords_of_Lands t1_j7nbzbp wrote

> rent of these tiny homes are based on the average yearly income of a Dover citizen

In other words your previous claims of doing this for affordable housing are mostly bullshit. If not then the rents would be based solely on the cost of maintaining the units. I have 3-bedroom units in Manchester that I rent out for $1200 because $3600 covers the mortgage, related bills, and maintenance costs. Based on average income the rent (at 30% of income) should be $1600 and market rent for these units would be $2300. That is how you provide affordable housing. The price is effectively the same as if they bought their unit.

Stop deluding yourself that you're doing this to help people. You're doing it to make money. Lying about it is why so many people hate us.

4