Baukat Enterprises

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Out of Reach: Homeownership

Rentals are soaring, and costs for an average Durango home is $350,000. People in low-income pay exorbitant rent equal to 50% or more for something that doesn’t belong to them. At the end of a few years in a rented apartment, renters have Zero equity.

Homeownership is out of reach for most of us, because wages are not keeping up with the high cost of housing. Living wage is not the same as housing wage. People paying more than 30% on rent are house-burdened, according to the National Low-Income Housing Coalition. In a booming economy, realtors and investoers control rental rates. A Denver property owner claims he would lose money if he sold his property, because the demand for housing is extraordinarily high. He makes more money by increasing the rent on his property year after year. Hence, the shortage of affordable housing.

Baukat Enterprises is a limited liability company of Colorado since June 26, 2017. We are based in Durango. Our company collaborated with a nonprofit refugee shelter producer since September 2017. Humanitarian House International (HHI) is a 501(c)(3) nonprofit whose founder and architect designed a small 480 square feet house with two bedrooms, kitchen, bathroom and living room. A front porch leads up to the prefabricated insulated house, which would be R23 rated and the ceilings R45. The small space we created would be in a village setting with raised gardens, green areas, paths, and community building.

People in homelessness also experience poverty. Poor people often share rooms or houses with friends and family. They have no house of their own, and are sleeping in borrowed space. Other people are living outside in tents on the streets or in the woods, couch surfing, living in vehicles or abandoned structures. Our company know the hardships of people living without safe shelter; and, we know about the harassment the homeless get from law enforcement and residents in the neighborhood where they search a place to sleep safely. Homeless people feel they must be invisible to be safe.

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