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05/11/2021 AFFORDABLE HOUSING Minutes
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05/11/2021 AFFORDABLE HOUSING Minutes
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8/25/2021 5:01:06 PM
Creation date
8/25/2021 12:01:39 PM
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Mashpee_Meeting Documents
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AFFORDABLE HOUSING
Meeting Document Type
Minutes
Meeting Date
05/11/2021
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Housing <br /> �% <br /> � ''�• ,, ;• ® . ,.r .� i Allordable vs.Median Value � <br /> Affordable Home Price vs.Median Home Value,by Town and Income Level <br /> 2D15 <br /> (2025) 02026 <br /> S.I. _.. _... <br /> cl Your Town(s) <br /> E w c E — _ <br /> °1 u' v. m i m = 3 c.. Select Your Subregions) <br /> 0 lao <br /> „m Md Lamer Cap. <br /> t000K 1000K ❑J Mid Cape <br /> 0J outer Cape - <br /> 900K 000K Upper Cape <br /> Legend <br /> 800K BOOK AHordab;e House Pn< <br /> hKd—House Price <br /> 700K 700K <br /> g g <br /> 600K 600K n <br /> 500K SOOK <br /> < 400K 400K s <br /> 300K gp M 0i o 0 0 300K <br /> Cb � <br /> q 200K <br /> 200K � ® w e � � o Click the 3rd Arrow . <br /> Below to Reset. <br /> t00K ° ° 1WK Source:EPR 2017 <br /> OK OK <br /> Z Z Z 2 Z I S S 5 2 Z I - - - - - Z Z Z - S Z Z Z Z2, Z Z <br /> +ableau <br /> If this was a normal market <br /> In a normal market,when total housing stock increases faster than household growth,there shouldn't be a housing <br /> shortage.But this is not a normal market.The influence of seasonal buyers on the demand and supply of existing <br /> and new housing units creates competition from outside the immediate region.The financial resources of second <br /> home buyers typically far exceed those of year-round buyers. <br /> This is the Cape wide problem in 2025. Projected to 2025 it is <br /> a horrifying unobtainable benchmark. Way over 120% median <br /> income. <br /> 10 <br />
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