Messick, Julius right to not support Newton Housing Initiative
To the editor:
I believe Dennis Messick and former Councilman D.J. Julius expressed wisdom by not being supportive of the Newton Housing Initiative bond for $3,650,000 to build a large number of $225,000 homes when taxes are high and will continue to be so for 10 years.
I do not see guaranteed high taxes for 10 years as an incentive for the average homebuyer. If high salaried workers in Des Moines buy into it, they may have a deal, but the average homeowner in Newton will not, and this could prove a hardship for retirees who did not fare so well and those who have had to settle for lower-paying jobs.
If taxes go up, rent frequently goes up. That may prove a hardship for those saving to buy a home or stay in Newton.
I repeat, considering to maintain high taxes for 10 years is not a happy thought. I believe a suggestion was made to try it over a shorter period of time. Perhaps that could be reconsidered.