Wednesday, July 06, 2005

You Call This Affordable?

A deed-restricted home in Steamboat Springs, CO has sold for $250,000, and another still is on the market for $387,000, the local paper reports.
"The main objective of deed restrictions is to ensure that a house remains affordable for low- to moderate-income families," according to a local housing official. Well, guess quarter of a million now defines "affordable" in gold-plated ski resorts.

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