A few days ago, we watched the movie TOO BIG TO FAIL. In it, we made note of this memorable quote, in boldface:
In 2008, then-Treasury Secretary Hank Paulson phoned former Federal Reserve Chairman Alan Greenspan, seeking his input on ways to stabilize the economy. Greenspan "suggested that there was too much housing supply and that the only real way to really fix the problem would be for the government to buy up vacant homes and burn them," according to the book Too Big to Fail.
You can read a detailed commentary on this problem at https://www.fool.com/investing/general/2011/10/06/creative-destruction-in-the-housing-market.aspx
This gives you an idea of the underpinnings of entrepreneurial secular nonprofits like our own local Thriving Communities. It’s not about you, it’s not about being sensible and thrifty, it’s not about historic preservation, and it’s certainly not about promoting our legacy assets. It’s about the banks and their overbuilding gutting our neighborhoods and stealing our intrinsic property values.
And it’s time to be done with the charade.