Here we go again

September 30, 2008

The mayor of Los Angeles gets the award for the worst timing ever:

LOS ANGELES – Mayor Antonio Villaraigosa unveiled a $5 billion plan to provide 20,000 affordable homes in the city over the next five years, but acknowledged he’ll have to reach far and wide to raise the funds amid the financial meltdown.

Public financing for more affordable housing! What could possibly go wrong?

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3 Responses to “Here we go again”

  1. mark Says:

    His proposal has no chance of success. Now if it were a “mixed use development” we could call it a catalyst. Then the measure of success wouldn’t be, well, success.

  2. Bob G. Says:

    Wow…sounds like Renaissance Pointe West…

    Oh, wait, those homes HERE aren’t all that “affordable”, considering the nature of the “territory”.

    😉

  3. tim zank Says:

    As long as it’s housing for illegals, it’ll be a smashing success!


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