I dream of owning a home simply for the stability it would bring. Without stronger renter protections, families like mine live with a lot of uncertainty.
Right now, renting makes the most sense for us. We can rent our beautiful house for $3,600 a month, while buying it would mean a mortgage of over $8,000 a month—money we just don't have. By renting, we get to live in this wonderful community, and still afford groceries, baseball, and gymnastics for our kids. We're choosing to enjoy a high quality of life now, even if it means sacrificing some financial security for our future.
Our property owners are fantastic and tell us we can stay as long as we want, but things can change in an instant, and without a legal document like a lease, those words are meaningless. What I wish for are long-term leases—20 or 30 years—with negotiated CPI rate hikes. These leases would provide true stability for families.
There are successful models around the world that we could learn from. None of them are perfect, but all of them are worth learning more about. Germany for example offers 99-year leases that can be transferred to family members, providing long-term security.
We could implement similar long-term lease options here, giving families like mine the security and stability we need.
#AffordableHousing #HousingforAll #RentalReform #TriValley #ITVHousingforAll Innovation TRIVALLEY Leadership Group
Affordable housing is a matter of supply, demand, and perspective. There's no single policy that will solve housing affordability in the Tri-Valley, but engagement is needed to address the situation. Check out this snippet featuring current Livermore City Council member, (and former Livermore Vice-Mayor), Brittni Kiick, who offers her perspective on affordable housing. Then, let’s start a conversation about “Housing for All!”
#housingstrategy #itvhousing4all
And a huge thanks to Affordable Homes & Communities (AHC) for hosting us at the Spire, a beautiful affordable community in the City of Alexandria!