The Difference Between Feudalism and Affordable Home Ownership

It is not just incidental; the difference is systemic, and it's about who owns the land.

Andersen Design was a business in a home started on the Boothbay Peninsula in 1952

The government-funded housing on the Boothbay Peninsula is marketed and funded as affordable housing by Maine leadership. Still, it fails to meet all established measures of affordable housing set forth by HUD. selling at market-rate pricing with cost-burdened financing terms.

The Boothbay Regional Development Corporation housing complex, is anchored in an economic system in which growth occurs at the top but is static for inhabitants of the units, By design, all units can eventually be owned by the corporation as its terms demand that if the units are sold that the corporation be given first bid, and the corporation, which claims it does not make a profit on the units, but will receive 75% of any increase in property value at the time of sale.

This model is justified as retaining the land for affordable housing in perpetuity or at least as long as the affordable housing restrictions apply- but that is whe…