Here we go again. Something's broken, so the County Board is going to create a commission to fix it.
This morning's headline in the Northwest Herald: "County eyes housing costs", with the sub-headline, "Foreclosures, pricey rents prompt proposal for commission."
282 foreclosure filings in September 2009.
228 foreclosure filings in September 2008.
Why September? Why not October? November? And what's the year-to-date total? Certainly, the courthouse should be able to provide more current numbers.
"Affordable housing" in McHenry County? What a joke!
If the County Board wants to do something to make rents and housing more affordable, how about a commission to lower property taxes?
Supply and demand ought to control the marketplace, but the extremely high property taxes in McHenry County will keep rents and mortgage payments high. Maybe a County Commission could have some influence on municipalities to lower their property tax bite out of the apple or some influence on school districts? Not likely!
Woodstock granted dispensation to some Cunat apartments that were carved out of storage rooms before Cunat bought the rental property. Instead of telling Cunat, "Tough luck; should have done your due diligence more carefully", the City Council blessed the previously-unapproved changes. And how much are the rents for a storage room-now-efficiency apartment? What were they - 380 sq. feet? $600/month??? Now that's pricey!
Affordable housing for someone (that's some"one") who wanted an efficiency (or studio) apartment would probably mean a monthly rent of $300, not $600.
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