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Keyword: housing

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  • San Francisco artist who is being kicked out of apt. is perfect example of why rent control is awful

    02/02/2016 9:49:45 AM PST · by SeekAndFind · 37 replies
    Business Insider ^ | 02/02/2016 | Jim Edwards
    If you're interested in whether rent control makes rent prices go down or not -- and plenty of people think it actually makes them go up -- then stop what you're doing right now and watch this video on San Francisco's real estate war, by my colleague Andrew Stern. The video features a heart-breaking interview with artist David Brenkus, who has lived in a rent-controlled apartment on Walter Street for 34 years. His building has been bought and now he is being evicted so that the new landlord can move in. Brenkus's rent is $735 month for a two-bedroom apartment,...
  • In Search Of The Red Cross' $500 Million In Haiti Relief (built 6 permanent homes)

    06/04/2015 6:16:36 AM PDT · by dead · 26 replies
    NPR ^ | Laura Sullivan
    When a devastating earthquake leveled Haiti in 2010, millions of people donated to the American Red Cross. The charity raised almost half a billion dollars. It was one of its most successful fundraising efforts ever. The American Red Cross vowed to help Haitians rebuild, but after five years the Red Cross' legacy in Haiti is not new roads, or schools, or hundreds of new homes. It's difficult to know where all the money went. NPR and ProPublica went in search of the nearly $500 million and found a string of poorly managed projects, questionable spending and dubious claims of success,...
  • Obamanomics in Catastrophic Action: New mortgage program steering toward another housing collapse

    01/22/2016 8:42:52 AM PST · by SeekAndFind · 23 replies
    FrontPage Mag ^ | 01/22/2016 | John Perazzo
    Remember a few years ago, when the American housing market collapsed as a direct result of government policies that—in the name of racial justice—pressured banks to approve mortgage loans for massive numbers of underqualified nonwhite applicants? Remember how that collapse set in motion the financial crisis that then-presidential candidate Barack Obama repeatedly called “the worst economy since the Great Depression”? And remember how Obama—who had long been a leading proponent of precisely the policies that had triggered the crisis—cast himself as the savior who was going to restore fiscal sanity and untangle the whole big mess? Well, now Savior Obama...
  • Fannie Mae Rolls Out Easy Mortgage, Catering To High-Risk Immigrants

    01/08/2016 10:17:01 PM PST · by boycott · 51 replies
    Investors.com ^ | 01/07/2016
    Subprime 2.0: The White House is rolling out a new low-income mortgage program that for the first time lets lenders qualify borrowers by counting income from nonborrowers living in the household. What could go wrong? The HomeReady program is offered through Fannie Mae, which is now controlled by Obama's old Congressional Black Caucus pal Mel Watt. It replaces the bankrupted mortgage giant's notorious old subprime program, MyCommunityMortgage. In case renaming the subprime product fails to fool anybody, the affordable-housing geniuses in the administration have re-termed "subprime," a dirty word since the mortgage bust, "alternative."
  • The Busybody Left: Using Taxes For Regressive Social Engineering

    01/04/2016 10:19:02 PM PST · by rktman · 11 replies
    capitalismmagazine.com ^ | 1/4/2016 | Thomas Sowell
    The political left has been trying to run other people’s lives for centuries. So we should not be surprised to see the Obama administration now trying to force neighborhoods across America to have the mix of people the government wants them to have. There are not enough poor people living in middle class neighborhoods to suit the political left. Not enough blacks in white neighborhoods. Not enough Hispanics here, not enough Asians there. Nowhere in the Constitution does it grant the federal government the power to dictate such things. But places that do not mix and match people the way...
  • Dallas struggles to overcome segregated legacy

    01/02/2016 5:09:49 PM PST · by gop4lyf · 27 replies
    The Texas Tribune ^ | 1/2/16 | Neena Satija
    DALLAS - By most accounts, census tract 166.05 is not a particularly desirable place to live. Tucked between two major highways in southwest Dallas, the neighborhood is characterized by clusters of ramshackle, one-story houses, huge swaths of vacant land and big warehouses and storage centers. More than 40 percent of people living in the census tract have incomes below the poverty level, a proportion that more than doubled since 2000, according to U.S. Census data. Crime rates and levels of slum and blight are also high, according to the Dallas-based housing advocacy group the Inclusive Communities Project. Such placement "perpetuates...
  • Housing affordability in 2016: Increasing rents, home prices will drive more people away from O.C.

    01/03/2016 9:18:45 AM PST · by Pelham · 22 replies
    OC Register ^ | 1/3/2016 | JEFF COLLINS
    Xochitl Collazo won't be spending 2016 in Orange County, her home of three decades. Instead, the longtime Santa Ana resident plans to move in with a friend in central Arizona, driven away by unaffordable rents and high health insurance premiums. "It just doesn't make sense for me to be struggling like that anymore," said Collazo, 36, who could barely afford her $1,000-a-month rent from what she earned managing a Mission Viejo doctor's office. "What am I supposed to do? Have no savings? Have nothing? It literally makes no sense." If forecasters are right, there's little relief in sight for Orange...
  • China Impending Real Estate Housing Market Crash

    12/30/2015 11:39:09 AM PST · by blam · 20 replies
    The Market Oracle ^ | 12-30-2015 | Harry Dent
    Harry_Dent December 30, 2015 We woke up this morning to find oil prices weighing on the market… again… with China suffering the biggest losses. Oil prices have already kept stocks at bay in the best time of the year. Funny how this “Santa Claus” rally that I predicted wouldn’t happen this year, didn’t. The last time was in 2007 and 2008 – the last years the stock market crashed. I’ve been looking at how low oil prices will be the first trigger in the next crisis. Although it helps consumers a bit, low prices kill the $1 trillion QE-driven fracking...
  • NYC MAY FIT MORE 'MICRO' APARTMENTS INTO HOUSING PICTURE

    12/28/2015 6:14:00 AM PST · by C19fan · 58 replies
    AP ^ | December 28, 2015 | Jennifer Peltz
    The apartments in a new Manhattan building boast little balconies, tall ceilings, dishwashers and storage space. All in 360 square feet or less. It's micro-living in the nation's biggest city, and New Yorkers could be seeing more of it. Planning officials are proposing to end a limit on how small apartments can be, opening the door for more "micro-apartments" that advocates see as affordable adaptations to a growing population of single people. Critics fear a turn back toward the city's tenement past and question whether less space will really mean less expensive.
  • Existing Home Sales Collapse - Worst November In History

    12/22/2015 9:33:41 AM PST · by Lorianne · 36 replies
    Zero Hedge ^ | 22 December 2015 | Tyler Durden
    The 10.5% crash in existing home sales is the worst November drop ever. Against expectations of a mere 0.2% drop, this is the largest miss in history asnd tumbles SAAR sales to the weakest since March 2014. The collapse in sales was across all regions, and ironically was accompanied by a rise in median home prices across all regions. Of course there was plenty of blame to go around, from inventory constraints to weather but most of all - paperwork - as new regulations - Know Before You Owe initiative, has meant longer closing times. In other words, wait til...
  • Sowell: The Busybody Left

    12/21/2015 10:53:06 AM PST · by jazusamo · 39 replies
    Creators Syndicate ^ | December 22, 2015 | Thomas Sowell
    The political left has been trying to run other people's lives for centuries. So we should not be surprised to see the Obama administration now trying to force neighborhoods across America to have the mix of people the government wants them to have. There are not enough poor people living in middle class neighborhoods to suit the political left. Not enough blacks in white neighborhoods. Not enough Hispanics here, not enough Asians there. Nowhere in the Constitution does it grant the federal government the power to dictate such things. But places that do not mix and match people the way...
  • Housing policies still pin poor in Baltimore, but some escape to suburbs

    12/18/2015 6:28:15 PM PST · by Altura Ct. · 51 replies
    Baltimore Sun ^ | 12/15/15
    Danielle Hill has a secret, one she shares with dozens of other residents of Baltimore public housing. It goes like this: They don't live in the city. Instead, they live in Anne Arundel, Baltimore, Harford and Howard counties, in houses purchased by the Housing Authority of Baltimore City. Thousands more have moved to the counties with special rent subsidies in a companion program. Hill's family is among nearly 10,000 black women and children who have moved into overwhelmingly white, prosperous suburbs through a court-ordered relocation program designed to combat the intense inner-city segregation and poverty forged by decades of discrimination....
  • GOP leadership caves on Gosar Amendment (Failed to Stop Obama's Ghettoization Program)

    12/17/2015 5:41:05 PM PST · by C19fan · 15 replies
    Powerline ^ | December 17, 2015 | Paul Mirengorff
    More bad news about the Omnibus spending bill: the Gosar Amendment language has been stripped out. This language would have prevented the Obama administration from implementing its Affirmatively Furthering Fair Housing rule (AFFH), a radical plan to use the power of the national government to create communities of a certain kind, each having what the federal government deems an appropriate mix of economic, racial, and ethnic diversity. Apparently, Mitch McConnell and Paul Ryan weren’t up to defending the freedom of Americans to decide, through their local governments, how they will live — just as they weren’t up to slapping down...
  • Obama order will destroy local governments

    12/08/2015 5:19:41 PM PST · by Twotone · 28 replies
    American Policy Center ^ | Dec. 8, 2015 | Tom DeWeese
    ...Earlier this year, the federal agency - Housing and Urban Development (HUD) announced the "Affirmatively Furthering Fair Housing Rule," (AFFH). This is Barack Obama's most radical assault on American citizens and local governments...
  • This Man Surprised Dozens of Homeless People with Brand New Tiny Houses He Built

    12/04/2015 10:34:43 PM PST · by 2ndDivisionVet · 45 replies
    Yahoo! News ^ | December 3, 2015 | Inside Edition
    Elvis Summers has made it a full time job to put a roof over the head of some of Los Angeles’ homeless people by building tiny homes for them. He is helping people in need before the holidays so that they can have a home before the temperatures drop. Summers expressed fear that without shelter, people who were living on the streets would die...
  • Plans for a new city in the Santa Clarita Valley hit another roadblock (EnviroNazis)

    12/03/2015 6:42:22 AM PST · by C19fan · 6 replies
    LA Times ^ | November 30, 2015 | Maura Dolan, Louis Sahagun and Abby Sewell
    For two decades, the Newhall Land & Farming Co. has envisioned a new city rising in the foothills north of Los Angeles. Situated on nearly 12,000 acres along the Santa Clara River, the planned community would house 58,000 people and offer stores, golf courses, schools and recreational centers. Los Angeles County’s elected supervisors approved the project 12 years ago, prompting experts to declare that the Santa Clarita Valley would soon be home to other major developments. A mammoth, 5,828-page environmental impact report won court approval a year ago, and a Newhall official declared that the project had been vindicated. But...
  • Family earning over $1 million living in NYC public housing

    11/26/2015 3:40:17 PM PST · by lowbridge · 17 replies
    pix11.com ^ | november 25, 2015 | myles miller
    PIX11 Investigates has found over 1,500 households earning six-figure salaries while living in New York City Housing Authority apartments. "They should move them out," said Carmen Santiago, an Alfred E. Smith Houses resident. Housing records obtained by PIX11 Investigates show a family reported making nearly a million dollars while paying only $1,574 in monthly rent for a three-bedroom apartment. The household's annual income was $497,911 and the head of household owned real estate "that produced $790,534 in rental income between 2009 and 2013," according to a report by the Inspector General for the U.S. Department of Housing and Urban Development....
  • Why Owning a House is Financial Suicide

    11/12/2015 11:23:52 PM PST · by Up Yours Marxists · 100 replies
    News.Com (Australia) ^ | November 13, 2015 08:32 GMT | James Altucher
    OWNING your own house is as much the Australian dream as the American dream, and it's one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise...
  • $1.7 Mil to Ease Prison Transition, Public Housing told not to Reject Criminals

    11/12/2015 7:21:26 PM PST · by markomalley · 11 replies
    Judicial Watch ^ | 11/12/15
    Coinciding with the mass release of federal inmates, the Obama administration is spending $1.7 million on a “re-entry program” to ease the transition from prison and ordering public housing facilities not to reject tenants with criminal records.The goal is to reduce barriers to public housing, employment and educational opportunities by promoting rehabilitation and reintegration for the formerly incarcerated, the feds explain in an announcement. A key component of the program is a joint venture between the Department of Justice (DOJ) and the Department of Housing and Urban Development (HUD) to help public housing residents expunge or seal their criminal records....
  • New backdoor regulations render store stock non-code compliant

    11/11/2015 1:06:56 PM PST · by George from New England · 15 replies
    self
    I was in my local Lowes store today. Zipcode: 33541 I was shopping for and inquiring about windows to put in the wall of an existing home. There are metal, vinyl, etc. Single, double pane variations. Some block some of the light from the sun from entering to some extent. The Lowes salesman asked me if I was planning on pulling a county permit? I asked why he asked ! He said starting about two months ago they changed the code and requirements for windows. He told me the code that had been applying only to new construction had been...
  • Michigan Home Price Rise Among Fastest in the Nation

    11/09/2015 7:58:45 AM PST · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 11/4/2015 | Tom Gantert
    Michigan is in the midst of a real estate market rebound, with only six other states and Washington D.C. seeing larger increases in home prices over the past five years, according to a report from the Federal Housing Finance Agency. Washington D.C. had the largest average home price increase from 2010 through this past August, followed by Nevada, North Dakota, California, Arizona, Colorado and Florida. The rise in real estate prices compared to their Great Recession low point translates into higher property tax collections by Michigan's state and local governments. Local governments rely heavily on property taxes to fund their...
  • Is Your Home Your Castle? You Wish.

    11/07/2015 4:41:59 AM PST · by Kaslin · 46 replies
    Townhall.com ^ | November 7. 2015 | John C. Goodman
    Suppose your best friend is down on her luck. Magnanimously, you give her a spare room in your house, on a temporary basis, and when she starts earning some income, you let her pay rent -- say, $100 a week. You would think that just about everybody would applaud you. After all, your act of charity has prevented one more person from becoming homeless. But not everybody is happy with that result. The hotel industry doesn't like it for selfish reasons. Progressive politicians don't like it because .... well, it's not always clear why progressives think the way they do....
  • Think you want a tiny house? Businesses offer a tryout first

    11/06/2015 2:25:05 PM PST · by posterchild · 34 replies
    AP via finance.yahoo.com ^ | Fri Nov 6, 2015 | Collin Binkley
    CROYDON, N.H. (AP) -- Hilary and Shane Lentz were hooked on the idea of a tiny house, but they weren't sure the reality would be so appealing. Their curiosity led them to the hills of New Hampshire, where a business that started at Harvard University rents out tiny houses for $99 a night. The company, Getaway, has drawn visitors from afar who come to sample life in a 160-square-foot house before they dive headlong into the lifestyle. "It's a way to test-drive tiny house living," said Jon Staff, the founder and CEO of Getaway. "We operate them a little bit...
  • Free Stuff Can Turn Out to Be a Bad Buy

    10/30/2015 7:39:17 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | October 30, 2015 | Michael Barone
    Free college! That's what the Democratic candidates were offering in their presidential debate. And it's likely that, if the subject had come up, they would have offered something like free home mortgages as well, to judge from Hillary Clinton's statement that she had urged Wall Street to stop mortgage foreclosures. Sounds a lot like free houses! Free stuff sounds good to many people, and it's not just Democrats who promise it. Republican candidates have been talking about reducing college costs, too, and George W. Bush was as passionate a supporter as Bill Clinton of encouraging home ownership for blacks and...
  • 12 US housing markets getting rocked by foreclosures

    10/16/2015 8:36:32 AM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 10/16/2015 | Bob Bryan
    The housing market may not be the bright spot of the recovery, especially as more people are starting to lose their homes. According to the real-estate information company RealtyTrac, foreclosures rose in the third quarter from this time last year, and many states are seeing significant increases. "The widespread rise in foreclosure activity in the third quarter compared to a year ago is the result of two starkly different trends taking place," Daren Blomquist, vice president at RealtyTrac, said in the report. "In states such as New Jersey, Massachusetts, and New York, a flood of deferred distress from the last...
  • Repossessions spike 66% as foreclosure crisis lingers

    10/16/2015 6:36:46 AM PDT · by SeekAndFind · 8 replies
    CNBC ^ | 10/16/2015 | Diana Olick
    New foreclosures may be back to nearly normal, but the mess from the epic housing disaster in the last decade is far from gone. Bank repossessions, the final stage of the foreclosure process, jumped 66 percent year over year in the third quarter of this year, according to RealtyTrac, a foreclosure sales and analytics company. It's the largest annual rise ever recorded in bank repossessions by RealtyTrac. More than 123,000 homes went back to the bank in just three months. "In states such as New Jersey, Massachusetts and New York, a flood of deferred distress from the last housing crisis...
  • Freddie Mac sells off $305 million in seriously delinquent mortgages

    10/12/2015 7:22:01 AM PDT · by george76 · 17 replies
    Housing Wire ^ | October 9, 2015 | Ben Lane
    Completes seventh non-performing loan sale. Freddie Mac announced late Friday that it sold $305 million in seriously delinquent loans from its mortgage investment portfolio. The sale, which was initially announced last month, was completed via auction, with two pools containing 1,611 total loans being sold to a pair of buyers. According to Freddie Mac, these loans have been delinquent for approximately two years, on average. In its announcement, Freddie Mac said that given the deep delinquency status of the loans, the borrowers have likely been evaluated previously for or are already in various stages of loss mitigation, including modification or...
  • Texas College Housing Complex

    One person was killed and another wounded during a shooting Friday at a Texas Southern University student-housing complex, and the Houston campus has been placed on lockdown, university and police officials said.
  • Step Aside Detroit: There Is A New "Worst" City For Housing In The U.S.

    09/30/2015 7:28:21 AM PDT · by smartyaz · 19 replies
    zh ^ | 09/29/2015 | Tyler Durden
    It will come as no surprise that the west, with San Diego, is where the gains are still frothiest: after all the Chinese "hot money" exporters are rushing to park their funds before the exit door slams shut, and are doing so as close to home as possible. What was surprising is the other end of the spectrum, because as Case-Shiller clearly shows, Detroit - after staging a brief dead cat bounce in the aftermath of its bankruptcy and since sliding once again - may no longer be the worst city for home prices in the US. It has now...
  • Sowell: The 'Affordable Housing' Fraud

    09/28/2015 12:34:09 PM PDT · by jazusamo · 51 replies
    Creators Syndicate ^ | September 29, 2015 | Thomas Sowell
    Nowhere has there been so much hand-wringing over a lack of "affordable housing," as among politicians and others in coastal California. And nobody has done more to make housing unaffordable than those same politicians and their supporters. A recent survey showed that the average monthly rent for a one-bedroom apartment in San Francisco was just over $3,500. Some people are paying $1,800 a month just to rent a bunk bed in a San Francisco apartment. It is not just in San Francisco that putting a roof over your head can take a big chunk out of your pay check. The...
  • This is what a $350,000 house in San Francisco looks like

    09/26/2015 5:51:43 AM PDT · by SeekAndFind · 80 replies
    Fortune ^ | 09/26/2015 | by Jonathan Chew
    According to the broker, its the cheapest home on the market in San Francisco, and its an unlivable shack. It is a worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000. Located at 16 De Long Street in the (slightly) more affordable Outer Mission district, the houses price is a reflection of the skyrocketing real estate market in San Francisco. Since 2012, the city has seen a 103% increase in median housing prices; this month, that figure stands at $1.35 million. According...
  • Maryland: Muslims buying row houses from city to carve out a Muslim community

    09/23/2015 2:15:32 PM PDT · by ilovesarah2012 · 68 replies
    creepingsharia.wordpress.com ^ | September 21, 2015
    A Muslim community ruled by sharia where the call to prayer sounds out five times a day, as noted in this 2014 Creeping Sharia post, Mosque to sound call to prayer in area targeted to make Islamic community: establishing Islam within the borders of the Gwynn Oaks area of Baltimore City, in accordance to the Quran and Sunnah via the Muslim Brotherhoods newspaper The Muslim Link Building Community Masjid Al-Haq is located on 514 Islamic Way. It is the largest Masjid in Baltimore City. Out of state Muslim visitors are often pleasantly surprised at the masjids fitting street address....
  • PRINCETON: Legal uncertainty surrounds how much affordable housing the town must create

    09/14/2015 3:54:55 PM PDT · by Kid Shelleen · 29 replies
    CentralJersey.com ^ | 09/14/2015 | Philip Sean Curran,
    --snip-- the state Supreme Court said trial courts would be responsible for ensuring that towns meet their constitutional responsibilities to provide housing opportunities. That mandate was established by earlier Supreme Court rulings, in what are known as the high courts Mt. Laurel decisions. The latest ruling was hailed by housing advocates and homebuilders, who stand to make a financial windfall in the coming years.
  • Tenants ejected to create accommodation asylum

    09/12/2015 2:09:00 PM PDT · by Sir Gawain · 8 replies
    Anna Johansson, Evy Hellqvist, Irene Johansson, Lisa Jakobsson, Nova 1 year, Viktor Hansson and Johan Johansson outside the home as they are expected to leave shortly. Anna Johansson, 29, says that both the residents and asylum seekers utilized. "The new owner does not care about the asylum seekers, he just wants to make money," she says.The new owner of the Millmark center in Srmark outside Torsby to create an asylum accommodation in the building. If everything is approved by the Swedish Migration Board, those who already live there to pack and move.Tenants ejected to create accommodation asylum Torsby On Friday,...
  • Bund plans forced rentals of vacant homes to refugees (Germany)

    09/12/2015 2:15:43 PM PDT · by Sir Gawain · 43 replies
    Bund plans forced rentals of vacant homes to refugees 09/12/2015 Federal and state governments are planning new law on compulsory letting vacant homes to refugees. The Regulation is primarily aimed at unused commercial properties. It is not excluded that even condos and homes covered by the proposed law. According to research of the ARD Berlin Studios federal and state governments are planning the introduction of Acceleration Act that forced temporary rentals will enable vacant properties to provide accommodation for refugees and asylum seekers. As is apparent from a position paper of the federal-state working group that reports from the ARD...
  • Its impossible to afford NYC rents on the minimum wage

    09/09/2015 4:31:04 AM PDT · by lowbridge · 47 replies
    nydailynews.com ^ | September 9, 2015 | katherine clarke
    A study found there is not one Big Apple neighborhood where a worker earning the state minimum can afford the median rent. In fact, a New Yorker would need to make at least $38.80 an hour or more than four times the $8.75 minimum wage to afford the citys median asking rent of $2,690, if the worker is shouldering the rent alone, according to the real estate website StreetEasy. What really sticks out here is the number zero the number of neighborhoods where minimum-wage workers can afford the median rent, said Alan Lightfeldt, a StreetEasy data scientist....
  • If your town is taking HUD housing dollars, diversity, ....is on the way.

    09/06/2015 10:31:56 AM PDT · by robowombat · 14 replies
    Refugee Resettlement Watch ^ | Sep 6, 2011 | Ann Corcoran
    If your town is taking HUD housing dollars, diversity, in the form of third world refugees, is on the way Posted by Ann Corcoran on September 6, 2015 Im old enough to remember the time when Rep. Mo Udall wanted the federal government to control all land use decisions (zoning) in America (yes, he really did!) and the Left has been angling for that power for all the decades since. Udalls mission, of course, was to protect the environment from developers (as one of its goals), Obama has another missionto fundamentally change America by changing the people and will actually...
  • Hillary Emails Shed Light on Clintons Role in Loan to Fraudster

    09/03/2015 11:36:53 AM PDT · by jazusamo · 27 replies
    NLPC ^ | September 3, 2015 | Peter Flaherty
    The latest batch of publicly-released State Department emails provide more evidence that a $10 million loan from the Overseas Private Investment Corporation (OPIC) to Clinton Foundation donor Claudio Osorio was made as a result of pressure from Bill and Hillary Clinton. The loan to a company named InnoVida, owned by Osorio, was supposed to be for building houses in earthquake-ravaged Haiti, but Osorio used the money to finance a lavish lifestyle. Osorio is currently in prison for fraud. OPIC is an independent agency but submits its budget through the State Department. The Clintons efforts to push the OPIC loan...
  • Proof home ownership costs more than renting

    09/01/2015 7:47:01 AM PDT · by SeekAndFind · 45 replies
    Business Insider ^ | 09/01/2015 | Erik Franks, John Burns Real Estate Consulting
    In most areas of the country, homeownership costs more than renting. Many economists with calculators claim the opposite, but the calculations and conclusions are often highly misleading. As is often the case, the devil is in the details. We recently reviewed one highly publicized calculation that owning was cheaper than renting in almost all markets. That calculation had a number of outdated assumptions, including: Outdated assumption #1: Buyers put down 20%. In reality, own versus rent is a first-time buyer decision, and the vast majority of first-time buyers today make down payments of 10% or less. Outdated assumption #2: Buyers...
  • CANADA's GOV SUBSIDIZED "MUSLIMS ONLY" HOUSING GIVEN "LICENSE TO DISCRIMINATE"

    08/28/2015 9:30:46 AM PDT · by SeekAndFind · 14 replies
    Frontpage Mag ^ | 08/28/2015 | Daniel Greenfield
    Muslim Apartheid housing in Canada is apparently not only legal, but even government subsidized. As one wheelchair bound young man found out. According to a letter that arrived at his mothers house last week, Austin Lewis, 21, was removed from the waiting list at the Ahmadiyya Abode of Peace building on Finch Ave. W in North York because he is not a member of their faith. It was mostly confusing, more than anything else, he said. Why would a government segregate its own building? Because they don't want to be accused of Islamophobia? Lewis, who has used a...
  • How HUD Will Legally Enslave Your Community

    08/25/2015 4:05:48 PM PDT · by Sean_Anthony · 34 replies
    Canada Free Press ^ | 08/25/15 | John Anthony
    Affirmatively Furthering Fair Housing may be an attempt to create balanced living patterns. Rather than remove discrimination, AFFH leverages it to codify oppression Local rule died in America on July 8, 2015. With it passes the rights of rural and suburban communities to decide their own futures. The trigger was the final 377-page ruling from HUD called Affirmatively Furthering Fair Housing[ia] that attempts to remove discrimination and achieve balanced and integrated living patterns. As one blogger beams, What could possibly be wrong with helping low-income families to move into better neighborhoods? In this case, everything. AFFH is reminiscent of the...
  • Here's the salary you have to earn to buy a home in 17 major US cities

    08/24/2015 5:55:35 PM PDT · by SeekAndFind · 24 replies
    Business Insider ^ | 08/24/2015 | Libby Kane
    Buying a home is only getting more expensive.Mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major metro areas in the US, according to second-quarter 2015 data.Prices have increased across the board.The site looked at median home prices from the National Association of Realtors, along with interest rates for common 30-year, fixed-rate mortgages and property taxes, and insurance costs, to figure out how much money it would take to pay a median-priced home's mortgage, taxes, and insurance in each city and how much you would have to...
  • Why I cant get a mortgage: One mans tale of woe in the abused middle class

    08/24/2015 6:04:06 AM PDT · by SeekAndFind · 97 replies
    Washington Times ^ | 08/24/2015 | Stephen Moore, Heritage Institute
    Last month I bought a house in Potomac, Md., a trade up on my current home, and was shocked to learn in the ensuing weeks that I couldnt get a mortgage loan. First, I went to PNC bank. Then Wells Fargo. Then another. Denied. Denied. Denied. No, I dont feel entitled to a loan, and the banks have every right not to lend me money. But my tale of woe tells a broader tale of what is going on in the lending industry these days. All the bankers told me the same thing: Steve, if youd walked in our bank...
  • A family in public housing makes $498,000. HUD wants them to stay.

    08/18/2015 2:14:08 PM PDT · by 2ndDivisionVet · 8 replies
    MSN / The Washington Post ^ | August 18, 2015 | Lisa Rein
    A family of four in New York City makes $497,911 a year but pays $1,574 a month to live in public housing in a three-bedroom apartment subsidized by taxpayers. In Los Angeles, a family of five thats lived in public housing since 1974 made $204,784 last year but paid $1,091 for a four-bedroom apartment. And a tenant with assets worth $1.6 million including stocks, real estate and retirement accounts last year paid $300 for a one-bedroom apartment in public housing in Oxford, Neb. In a new report, the watchdog for the Department of Housing and Urban Development describes...
  • Welcome to Sweeden

    08/18/2015 11:19:07 AM PDT · by OL Hickory · 9 replies
    YouTube ^ | Published on Jun 15, 2015 | Angry Foreigner
    What is life like in Sweden? "The politicians are participating in a chicken race of goodness where everybody tries to one-up each other in caring for the citizens of OTHER countries while Swedish retirees, school children, handicapped and other vulnerable categories of people are thoroughly ignored."
  • A family in public housing makes $498,000 a year. And HUD wants tenants like this to stay.

    08/18/2015 10:02:57 AM PDT · by boycott · 27 replies
    The Washington Post ^ | August 17, 2015 | Lisa Rein
    A family of four in New York City makes $497,911 a year but pays $1,574 a month to live in public housing in a three-bedroom apartment subsidized by taxpayers. In Los Angeles, a family of five thats lived in public housing since 1974 made $204,784 last year but paid $1,091 for a four-bedroom apartment. And a tenant with assets worth $1.6 million including stocks, real estate and retirement accounts last year paid $300 for a one-bedroom apartment in public housing in Oxford, Neb. In a new report, the watchdog for the Department of Housing and Urban Development describes...
  • Black poverty differs from white poverty

    08/14/2015 9:44:47 AM PDT · by Army Air Corps · 136 replies
    Washington Post ^ | 12 August 2015 | Emily Badger
    The poverty that poor African Americans experience is often different from the poverty of poor whites. It's more isolating and concentrated. It extends out the door of a family's home and occupies the entire neighborhood around it, touching the streets, the schools, the grocery stores. A poor black family, in short, is much more likely than a poor white one to live in a neighborhood where many other families are poor, too, creating what sociologists call the "double burden" of poverty. The difference is stark in most major metropolitan areas, according to recent data analyzed by Rutgers University's Paul Jargowsky...
  • This Housing Bubble Will End Badly, Too [And you thought 2008 was horrible]

    08/04/2015 7:15:45 AM PDT · by SeekAndFind · 20 replies
    National Review ^ | 08/04/2015 | Kevin D. Williamson
    People complain about high prices when theyre buying, not when theyre selling, and thats why housing bubbles are always politically popular: The sort of people who own homes are the sort of people who vote and volunteer on political campaigns and make donations. And the fact that tax revenue tends to increase as housing prices rise doesnt go unnoticed by the nations mayors and governors. Renters tend to have more sensible views youll never hear a renter say, Hey, my rent is doubling this year thats awesome! The economy must be doing great! But nobody listens to them....
  • If The American Dream Is To Own A Home, Then It Hasnt Been In Worse Shape Since 1967

    07/31/2015 11:00:22 AM PDT · by SeekAndFind · 28 replies
    EAD ^ | 07/30/2015 | Michael Snyder
    Thanks to the “Obama recovery”, the rate of homeownership in the United States has fallen to the lowest level in 48 years. The percentage of Americans that own a home is widely considered to be a key indicator of the health of the middle class, and we have just learned that during the second quarter of 2015 that number dropped from 63.7 percent to 63.4 percent. It is now the lowest that it has been since 1967. Unlike a lot of other government economic statistics, this one is fairly difficult to manipulate. Either someone owns a home or they do...
  • The Worlds Biggest Free Form 3D Printer Is Being Used to Build Houses

    07/30/2015 6:40:28 PM PDT · by 2ndDivisionVet · 10 replies
    Gizmodo ^ | July 30, 2015 | Adam Clark Estes
    The dream of 3D printing buildings is not a new one and, typically, its not a pretty one either. However, the visionaries at Branch Technology, a startup founded by architects in Chattanooga, Tennessee, want to change thatand theyve built the worlds largest free form 3D printer to do it. The Chattanooga Chamber of Commerce flew me down to Tennessee to check out its gigabit internet and innovative startups. They paid for my hotel and fed me candied bacon.Branchs mission is simple: Use 3D printing technology to create walls of any shape out of conventional construction materials. Building houses like this...