Message - I have a great idea

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Posted by  David on March 22, 2003 at 12:05:48:

In Reply to:  Re: Housing minimum wage workers.. posted by David on March 21, 2003 at 17:41:06:

A small super efficient rooming house where the rooms rent for $300
a month,if there are 24 rooms then in a year $86.000 is generated
minus utilies,lets say 6000 for expenses if this is a non-profit and
pays no taxes..then $80.000 then after 4 years the building is paid
if the cost of the building is 320.000 or less.then in 4 years another
is built so that there are 2..then in 2 years another is built,then
you have 3,then in 1 year you have 4,with 4 you can build a new one
every year..all for an initial $320.000..I have an idea that famous
people might be persuaded to build the first one if it is named after
them,,each town could begin housing their Poor folks..

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