Sunday, September 25, 2011
Who Can Afford It?
In 1947 Bill Levitt designed and built a home that the average American could afford. In fact he built a lot of them. Originally constructed as rental properties in what became Levittown, New York, he expanded his venture to include homes that he put up for sale.
Price tag? $7,999.
Said one American, a veteran of World War II who came back to the States and started a family and a new life in the dream that William Levitt built: "We were young, all of us who moved to Levittown, and we thought Bill Levitt was the greatest man in the world. Imagine it — $10 deposit, $90 at settlement, and you had a house of your own!"
Ten dollar deposit. Ninety dollars at closing. And America was off and running.
Today America's best and brightest are still designing homes.
The United States Department of Energy calls this design, constructed in 2011, "cost-effective," and "affordable." Oh, and ... "attractive."
Price tag for this affordable and attractive home?
Half a million dollars.
A home for the masses?
Or a home built to make environmentalists with a wad of taxpayer money at their disposal - and a total detachment from reality - happy with themselves?
From Levittown to Lunacy.
For the love of God, what are these people thinking?
And why are they thinking it with my money?
* Source for the first photo: "Levittown: Documents of an Ideal American Suburb."
** Let it be noted that William Levitt received exactly zero subsidies from the U.S. government to make The American Dream a reality.
Posted by Jerry Fuhrman at 7:19 AM