Joe Doakes from Como Park writes:<\/p>\n
If I am funding an agency whose mission is to promote home ownership among low-income clients but a substantial percentage of those clients are losing their homes and thereby ending up worse off than before they started \u2013 foreclosed, credit ruined and evicted – at what point should I conclude that the agency is a failure and stop throwing money down the rat-hole?<\/p><\/blockquote>\n
Joe is referring to the plethora of non-profits whose goal is to promote home ownership among low-income buyers – like this<\/a>, and this <\/a>and this<\/a>.<\/p>\n
It’s Economics 101; \u00a0you can not make something worth other than what people are naturally <\/em>willing to pay for it without creating unintended, inevitably bad consequences.<\/p>\n
Well, it was <\/em>Economics 101. \u00a0In the era of Obama and Dayton, I think it must have been dropped from the curriculum to make time for GLBT economic sensitivity training.<\/p>\n","protected":false},"excerpt":{"rendered":"
Joe Doakes from Como Park writes: If I am funding an agency whose mission is to promote home ownership among low-income clients but a substantial percentage of those clients are losing their homes and thereby ending up worse off than before they started \u2013 foreclosed, credit ruined and evicted – at what point should I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,74],"tags":[],"class_list":["post-20341","post","type-post","status-publish","format-standard","hentry","category-socialism","category-the-great-recession"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20341"}],"version-history":[{"count":1,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20341\/revisions"}],"predecessor-version":[{"id":20342,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20341\/revisions\/20342"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20341"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}