"although mine go to private schools of course"
"Can I gain price concessions for being stuck living near these people?"
"I just hate the notion that someone can be "charitable" and ruin other people's investments in the process."
I'm not sure you realize how incredibly snobbish and offensive your question comes off.
Truthfully, your question could have some valid concerns underlying it in terms of property values and the impact a development can have on a neighborhood in general, but you know what? It's pretty hard to offer counsel to such a seemingly hateful person.
One last word of warning: Watch out. You never know when one of "these people" will end up as your neighbor, living in a million dollar house just like you and sending their children to private school, of course. GASP.
The best person to answer your question is the homeowner. Make an offer on the home, at the price you propose and see how they respond.
Also, if you don't want to read hostile opinions and answers to your questions, then don't communicate your elitist and offensive views in your question.
You should go buy somewhere there is real money--where the homes go for 10's of millions. That way you can be "one of those people" and see how it feels.
Where's Patrick when we need him?
As for the topic at hand, I'd like to respond to Perry's wisdom: "It is a scam that subsidizes rich kids out of college. Where else can someone that makes $30K buy a $200K home with a 20% down payment. Only daddy's money can make this happen. Affordable housing... what a joke."
I agree with all of this except the fact that it's rich kids in affordable housing. When my favored candidate for County Board ran against a "proponent of affordable housing", my candidate sent out a targeted mailing that dispelled the notion that it's the younger generation of people I respect who will be living in these places. Did the mailing have some sort of fresh-faced college kid who aspires to work on the Hill? Did it feature some young darling who wishes to teach in the inner-city? Did it feature some handsome firefighter who stepped off the pages of a calendar? No, no and no.
It featured a slovenly, overweight female bundle of polyester looking up at a cold, foreboding 1970s red brick nine-story vision of ugliness! That's what "affordable housing" means--I saw it with my own eyes, in a picture, and I know it's true because it's illegal to mislead in a political advertisement.
So let's try to answer the original questions: Can I gain some price concessions, and can I get this development switched to "market-rate" (preferably after I buy so I can clean up)?
Thanks for your empathy and your thoughts.
Affordable housing... what a joke.