Keyword: homeowners

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  • Throwback Tulsa: Controversial Creek Turnpike opened 25 years ago

    06/12/2017 7:13:10 PM PDT · by Tolerance Sucks Rocks · 9 replies
    The Tulsa World ^ | March 5, 2017 | Debbie Jackson
    Least terns. A federal lawsuit. Greenpeace. Vandals. Industrious beavers. Angry homeowners. Bureaucratic delays. These were among the obstacles and setbacks that had to be overcome before the Creek Turnpike was built. At one point, the chairman of the Oklahoma Turnpike Authority declared it a “total disaster” and exclaimed: “The Creek Turnpike in Tulsa, God only knows when that’ll be completed,” John Kilpatrick said, as reported by the Tulsa World’s Wayne Greene on Oct. 19, 1990. “If we had it to do all over again, we wouldn’t do that project,” the exasperated Kilpatrick said after federal bureaucrats held up construction of...
  • California’s war on the emerging generation: Joel Kotkin

    05/01/2017 11:59:30 AM PDT · by Tolerance Sucks Rocks · 14 replies
    The Los Angeles Daily News ^ | April 30, 2017 | Joel Kotkin
    It should be the obligation of older citizens to try to improve the prospects for their successors. But, here in California, as seen in a new report issued by the Chapman Center for Demographics and Policy, we seem to have adopted an agenda designed to make things tougher for them.Millennials everywhere face many challenges. The U.S. Census Bureau estimates that, even when working full-time, they earn $2,000 less than the same age group made in 1980. Nationwide, a millennial with a college degree and college debt, according to a recent analysis of Federal Reserve data, earns about the same as...
  • ‘Hanging over us’: Homeowners face uncertainty as I-395 plan ramps up

    04/10/2016 11:03:09 PM PDT · by Tolerance Sucks Rocks · 12 replies
    The Bangor Daily News ^ | April 10, 2016 | Nok-Noi Ricker
    BREWER, Maine — When Ken and Jo-Ann Arbo moved into their home in Eddington 22 years ago, they thought they found the perfect place to live.“I hunt right there. I fish out there. I snowmobile out there,” Ken Arbo said of the woods and fields near the couple’s home. “That is why we moved out there.”Now the Arbos face the real possibility of moving again.Their Lambert Road home is within the path of the controversial I-395/Route 9 connector, a proposed two-lane road from Brewer to Eddington meant to ease heavy truck traffic and improve safety on nearby routes 46 and...
  • The U.S. Could Switch to Mostly Renewable Energy, No Batteries Needed

    02/07/2016 8:37:18 AM PST · by Lorianne · 63 replies
    Smithsonian ^ | 25 January 2016 | Sarah Zielinski
    The United States could lower carbon emissions from electricity generation by as much as 78 percent without having to develop any new technologies or use costly batteries, a new study suggests. There’s a catch, though. The country would have to build a new national transmission network so that states could share energy.“Our idea was if we had a national ‘interstate highway for electrons’ we could move the power around as it was needed, and we could put the wind and solar plants in the very best places,” says study co-author Alexander MacDonald. Several years ago, MacDonald was curious about claims...
  • The Government Boldly Just Set Up Another Real Estate Meltdown

    01/13/2016 9:02:03 AM PST · by Kaslin · 18 replies
    Townhall.com ^ | January 13, 2016 | Michael Hausam
    Fannie Mae, the federally sanctioned mortgage giant, has just announced a new program that shows that they learned absolutely nothing from the last real estate meltdown. This new program, called "HomeReady" in a fit of hopeful and wishful thinking, reduces loan underwriting standards. It's designed to allow "underserved" individuals the opportunity to buy a home - focused primarily on low-income and minority borrowers. Other than the last group of under qualified borrower-friendly loans and regulations from the mid-2000s, it's the stupidest real estate loan idea that I've ever seen. The new loan "features" reduced credit score requirements and allows borrowed...
  • Lawsuit Accuses Missouri City of Fining Homeowners to Raise Revenue

    11/04/2015 5:20:28 PM PST · by proxy_user · 3 replies
    The New York Times ^ | MONICA DAVEY
    PAGEDALE, Mo. This spring, officials in this tiny city near St. Louis ordered Valarie Whitner to replace her siding; repaint her gutters, downspout and foundation; and put up screens or storm covers outside every window and blinds or curtains on the inside. And that was before the list of demands moved on to her roof, fence and yard. Ms. Whitner, 57, who works nights at a hospital, said she and her longtime partner felt swamped beneath the costs of paying for the city-mandated repairs and for fees, fines and court costs, which her lawyers say included at least $2,400 in...
  • Missouri family threatened with jail over purple swingset wins court ruling, website says

    09/01/2015 1:54:48 PM PDT · by BBell · 49 replies
    NOLA.com | The Times-Picayune ^ | 9/1/15 | Andrea Shaw, NOLA.com | The Times-Picayune
    A judge has sided with a Missouri couple whose purple backyard playset prompted threats of fines – and even jail -- from the homeowners association, according to Consumer Affairs. Marla Stout said the Raintree Lake Neighborhood Homeowners Association told the family they failed to get the color approved and that the purple hue did not conform in the neighborhood, the website reported.
  • Homeownership rate drops to 63.4%, lowest since 1967

    07/28/2015 8:29:55 AM PDT · by John W · 28 replies
    cnbc.com ^ | July 28, 2015 | Diana Olick
    The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967. "It is now just five-tenths from the record low seen in 1965 in data going back also to 1965," noted Peter Boockvar, an analyst with The Lindsey Group. "All the governmental attempts (certainly aided and abetted by many players in the private sector) at boosting homeownership has gotten us to this point in...
  • California urged to return $331 million meant for homeowners siphoned for budget crisis

    07/13/2015 2:08:07 PM PDT · by SeekAndFind · 13 replies
    SF Gate ^ | 07/13/2015 | Judy Lin
    SACRAMENTO, Calif. (AP) — Several California lawmakers and community assistance groups are calling on Gov. Jerry Brown to repay more than $331 million in funds intended to help homeowners struggling with foreclosures that the state siphoned off to help deal with its budget crisis. A Sacramento County judge found that the governor and state Legislature unlawfully diverted most of a fund that was part of a $25 billion settlement between five major banks and nearly every state in 2012. Brown's attorneys argued the state had the discretion to use that money in the state budget. But the judge sided with...
  • Millions of 'underwater' homeowners are trapped

    03/17/2015 9:38:51 PM PDT · by george76 · 104 replies
    CNBC ^ | 3- 17 -2015 | Diana Olick
    Some 5.4 million homes, or 10.4 percent of all homes with a mortgage, were still in a negative equity position, or "underwater," in the fourth quarter of 2014, according to CoreLogic, as their owners owe more on the mortgage than the home is currently worth. This is down considerably —18.9 percent, from a year ago—but it still keeps these borrowers from putting their homes on the market, because they would lose money. .. Additionally, of the 49.9 million U.S. homes with a mortgage, approximately 10 million (20 percent) have less than 20 percent equity, and 1.4 million have less than...
  • How Many Homeowners Have Paid Off Their Mortgages?

    12/11/2014 7:21:10 PM PST · by SeekAndFind · 63 replies
    Five Thirty Eight ^ | 12/11/2014 | Mona Chalabi
    Dear Mona,It seems like homeownership is a common data filter in the social sciences. But nearly everyone I know who “owns a home” is paying a mortgage. How many “homeowners” have actually paid off their houses?John, 34, Mount Vernon, Washington Dear John,Your question is an important one, not only because home ownership can have big consequences for the economy, but because 56 percent of all the housing units in America (that includes trailers, apartments and houses) are owned by the people who live in them.According to last year’s American Community Survey, one in three of those owner-occupied housing units doesn’t...
  • Flag flap: Indiana veteran, wife battle homeowners association over Old Glory

    10/28/2014 2:09:59 PM PDT · by KeyLargo · 7 replies
    my Fox Chicago ^ | Oct 28, 2014
    Flag flap: Indiana veteran, wife battle homeowners association over Old Glory Posted: Oct 28, 2014 3:16 PM CST Updated: Oct 28, 2014 3:17 PM CST Bob Willits, 82, of Greenfield, Ind., insists he'll fight a local homeowners Association over the American and POW/MIA flags outside his home. FOX News - An elderly veteran and his wife say there's “absolutely no way” the flagpole outside their Indiana home is coming down, despite threats from a homeowners association — and a local prosecutor intends to back them in court if necessary. Bob and Judy Willits insist they intend to fight multiple letters...
  • In the Future We’ll All Be Renters: America’s Disappearing Middle Class

    08/10/2014 8:03:28 PM PDT · by SeekAndFind · 35 replies
    Daily Beast ^ | 08/10/2014 | Joel Kotkin
    America’s wealth is concentrating in fewer hands, and while the rich are getting super rich, the once vital middle class is nearing extinction. [SNIP] But today, after decades of expanding property ownership, the middle orders—what might be seen as the inheritors of Jefferson’s yeoman class—now appear in a secular retreat. Homeownership, which peaked in 2002 at nearly 70 percent, has dropped, according to the U.S. Census, to 65 percent in 2013, the lowest in almost two decade. Although some of this may be seen as a correction for the abuses of the housing bubble, rising costs, stagnant incomes and a...
  • Oklahoma will charge homeowners who generate their own power

    04/21/2014 8:02:43 AM PDT · by rktman · 74 replies
    hotair.com ^ | 4/20/2014 | Jazz Shaw
    A disturbing story out of the Sooner State this week, noted by Doug Mataconis at Outside the Beltway. Under the terms of a recently passed bill, expected to be signed by Governor Mary Fallin, homeowners who install their own private solar or wind turbine energy resources and sell some of the juice back to energy companies will be paying a fee for the privilege.
  • Richmond [CA] weighs using eminent domain to help struggling homeowners

    10/15/2013 12:47:21 AM PDT · by Cincinatus' Wife · 9 replies
    Sacramento Bee ^ | October 15, 2013 | Hudson Sangree
    RICHMOND -- A San Francisco-based group of financiers called Mortgage Resolution Partners has been calling on Sacramento and other California cities for more than a year, pitching a plan to use government powers of eminent domain to seize underwater mortgages and refinance them for the benefit of homeowners who owe more than their homes are worth. Most communities took a pass, saying the novel plan was too risky. Not Richmond, a largely working-class city in the Bay Area. There, a determined and articulate Green Party mayor has helped steer the plan through the City Council in recent months. Today, the...
  • There's A Simple, Unbiased Way To Figure Out Whether To Rent Or Buy

    08/10/2013 10:34:12 AM PDT · by SeekAndFind · 15 replies
    Business Insider ^ | 08/10/2013 | LEONARD BARON, ZILLOW
    If you are a renter and pondering whether it’s time buy a home, one thing that might be on your mind is a rent vs. own analysis. As you can imagine, this analysis will help you determine the financial benefits of owning a home vs. staying a renter. Many online rent vs. own analysis tools are available, but a little caution is needed, as some of these tools are very biased and skewed. Some always find that it typically makes sense to buy, while others show that you should rarely buy. Most of them look at the difference between the...
  • Homeowners Insurance Tops Inflation by 691%

    06/21/2013 7:56:08 PM PDT · by NaturalBornConservative · 27 replies
    Natural Born Conservative ^ | June 21, 2013 | Larry Walker Jr
    Caveat Emptor- By: Larry Walker, II -Have you checked your homeowner’s insurance policy lately?I’ve been with the same insurer for over 10 years through two residences. Even with the previous company my homeowner’s rates stayed about the same from 1998 through 2007. During a recent review, I discovered that my basic coverage amounts (i.e. dwelling, private structures, personal property and loss of use) have been inflated by around 3.0% annually since 2007, or slightly higher than the general inflation rate, and although I sort of get that, albeit the cost to rebuild is now around 150 times current fair market...
  • Oh, Yeah, the Economy

    06/20/2013 5:19:07 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | June 20, 2013 | Larry Elder
    The recent Obama administration scandals shift the spotlight from the economy. Yet the recovery remains depressingly sluggish, with the labor force participation rate at a 34-year low as millions of able-bodied, able-minded Americans simply stopped looking for work. With President Obama in the fifth year of his presidency, let us examine the effect of the stimulus program, tax hikes, Obamacare and additional regulation on the economy. It isn't pretty. For the richest Americans, their net worth has fully recovered. For the non-rich, the recovery tells a very different story. At the start of "recovery" in 2009, the mean net worth...
  • Obama calls on Congress to help more homeowners

    05/11/2013 10:41:45 AM PDT · by Olog-hai · 22 replies
    Associated Press ^ | May 11, 2013 9:36 AM EDT | Darlene Superville
    President Barack Obama says Congress must give more homeowners the chance to refinance their mortgages to save money. Obama says more than 2 million people are saving about $3,000 a year after restructuring their loans under his administration but that more deserve the same chance. …
  • U.S. home prices keep rising, but homeownership is down

    04/30/2013 7:31:38 PM PDT · by SeekAndFind · 22 replies
    Los Angeles Times ^ | 04/30/2013 | Alejandro Lazo
    Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline. The two trends underscore the nature of the housing rebound: Gains in pricing have been driven significantly by investors, leaving many would-be buyers behind. Prices are rising because of strong demand, a lack of supply and a sharp recovery in the hardest-hit markets. The number of foreclosed homes coming to market has also dropped dramatically. But because lending standards remain tight, the everyday home shopper is often losing out to investors able to pay cash. "What we are seeing right...