If we don't take risks... if ambition deflates like a balloon popping off the helium tank and giving a loud flatulent bloop as it falls to your feet ... where does that lead? We are trapped between the virtues of low cost subsidized housing and the unintended consequences of Corporate Welfare.
Replying to Roger Marolt's derailing of Aspen with opinions on the third rail of Aspen politics which is APCHA, the government subsidized housing where the majority of registered Aspen voters live.
There is no question that housing in Aspen is not affordable. There is no question high priced housing flows stronger than the Roaring Fork in thaw under Slaughter House Bridge all the way down to Glenwood.
One particularly thorny question is how much has affordable housing contributed to the housing/wealth divide?
The cost to maintain a free market rental is 3 to 5 times as much as APCHA charges for rent.
What is the personal price of APCHA price fixing?
If you live in APCHA housing how does that change you? Would you pursue a pay raise if it meant exceeding APCHA income caps and losing your home? Could you pay fair wages to a plumber, electrician, or painter to maintain your home under APCHA income caps? Would you invest in capital improvements if your kids couldn't inherit? Would that deed-restricted sale cover the cost of assisted living?
If you live in APCHA housing do you feel secure? What happens if the RETT dips and those APCHA rentals start to approach the actual price of maintaining a property? Close the airport for a year, watch as we play Jenga with the bond market, defund CDOT, defund RAFTA, defund firefighters, the list of economic threats is legion.
Don't believe APCHA will ever be defunded? Take a close look at the 2021 vote on the Wheeler WRETT.
The cold hard truth is that APCHA is not sustainable. Something has to give.