Going Upside Down
By Borre Winckel, President & CEO
For some time, I used a Martini glass analogy to describe our State’s housing supply picture. The flat base represented subsidy dependent affordable housing. The narrow stem stood for our vanishing middle-income housing segment. The V-shaped bowl held the top tier.
Well, today’s market is that same glass turned upside down. The fattened base on this inverted image represents our current and future condition. It shows how impaired and lopsided our housing conditions have become. Housing for the low and middle-income folks is growing in the wrong direction.
I could use a Martini, you?