tag:blogger.com,1999:blog-5284446320251611266.post4082870053328704127..comments2024-03-22T13:31:45.213-04:00Comments on HoCo Connect: Enterprise—The Legacy that Jim Rouse left usUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5284446320251611266.post-4733083408247101232011-06-09T20:49:47.241-04:002011-06-09T20:49:47.241-04:00While I don't disagree that Howard County tea...While I don't disagree that Howard County teachers are underpaid in comparison to teachers in other parts of the state or country I do feel that they are underpaid in relationship to the value they bring to our community. To provide them with affordable housing is not an unreasonable way of recognizing that we value what they do for our children and community.<br /><br />However I do not understand you reasoning on the Financial Impact Notes. I am not sure where you get that the interest paid is low in comparison to other CD options. I looked today and M&T is paying .85% for a 24 month CD. 2-3% is much better than that for an investment. As to the risk no investor has lost any money on the Impact Notes. You can't say that about investing in the stock market or real estate.duanestclairhttps://www.blogger.com/profile/04663080160551320723noreply@blogger.comtag:blogger.com,1999:blog-5284446320251611266.post-202576675759219152011-06-09T19:11:58.803-04:002011-06-09T19:11:58.803-04:00Howard County does not need a project like this fo...Howard County does not need a project like this for teachers. Howard's teachers are unionized, well educated and have secure jobs that pay them well. If they can't afford to live by themselves right away, perhaps they should get a roommate like the rest of us did when we were just starting out. This goes not only for teachers, but for all other productive members of the workforce as well.<br /><br />The 2-3% interest paid on this community impact note is so low (especially for the level of risk), it's really more of a charitable contribution than a financial investment. In fact, the interest earned is probably less than inflation. With all the problems in the world like AIDS, cancer, climate change, etc. it almost seems silly that someone would donate money to save a freshly minted teacher the hassle of looking for a room mate.<br /><br />But hey, all the power to the Enterprise Foundation if they can find people who want to donate to this fund.Anonymousnoreply@blogger.com