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Keyword: housing

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  • Housing Starts Plunge 8.8%, Permits Plunge 7.7%; Bloomberg Cites “Fundamental Strength

    04/20/2016 1:48:09 PM PDT · by Lorianne · 10 replies
    Mish Talk ^ | 17 April 2016
    Those expecting a strong Spring start to housing (and you know who you are), were miles off their forecast. Both starts and permits were down steep percentages, both below the bottom ranges of economists’ estimates. The Bloomberg Econoday consensus estimate for housing starts was 1.167 million homes SAAR (seasonally adjusted annualized) in a range of 1.120 million to 1.195 million. The Bloomberg Econoday consensus estimate for housing permits was 1.200 million SAAR (seasonally adjusted annualized) in a range of 1.175 million to 1.231 million. Permits came in at 1.086 million. Starts came in at 1.089 million. Fundamental Strength Inquiring minds...
  • Miami real estate is melting down

    04/18/2016 6:07:57 PM PDT · by george76 · 23 replies
    CNBC ^ | 14 Apr 2016 | Robert Frank
    The Miami real estate slowdown is becoming a meltdown — with the most expensive areas getting hit hardest. The number of sales and prices in posh Miami Beach — home to many of the city's most expensive and highest-profile properties — fell during the first quarter, according to a new report. Meanwhile, inventory soared by roughly a third compared with the prior-year quarter. The report, released Thursday by Douglas Elliman and Miller Samuel Real Estate Appraisers & Consultants, found the average sale price in Miami Beach and the nearby Barrier Islands fell 7.5 percent year over year to $905,252. The...
  • 3D Printing Houses from Concrete

    04/15/2016 4:39:22 PM PDT · by 2ndDivisionVet · 15 replies
    Hackaday ^ | April 15, 2016 | James Hobson
    We’ve seen 3D-printed houses before, but most make use of prefabricated chunks. This hurricane and tornado resistant hotel suite in the Philippines was printed in one shot. Sound familiar? This is the work of [Andrey Rudenko], who started by building a concrete 3D printer in his garage 2 years ago, moved on to 3D printing his kids a concrete castle in his backyard later that year and now appears to have a full-blown company offering commercial 3D printed houses. Way to go [Andrey]! The building was designed in Sketchup no less, and the printer makes use of Pronterface for the...
  • HUD Secretary Julian Castro targeted by liberal groups

    04/13/2016 1:10:40 PM PDT · by Marcus · 7 replies
    Blasting News ^ | April 13, 2016 | Mark R. Whittington
    By every calculation, Julian Castro would be the ideal running mate for Hillary Clinton should she avoid criminal prosecution and gain the Democratic nomination. He is young, Hispanic, a former mayor of San Antonio, smack dab in the great red state of Texas, and the current Secretary of HUD in the Obama administration. He would serve as a counterweight to Ted Cruz, should he become the Republican nominee, and would appeal to Hispanics, a fast growing demographic that both parties are wooing. However, a number of liberal progressive groups are moving to block Castro as unacceptable for a Democratic national...
  • How the Federal Government Plans to Stop the 'Worst-Case' Housing Crisis

    04/12/2016 3:27:10 PM PDT · by Lorianne · 13 replies
    City Lab ^ | 04 February 2016 | Kriston Capps
    The National Housing Trust Fund will give housing assistance to the very poorest households in the nation ___ The federal government debuted a program on Monday to provide housing for the very poorest residents in America. The National Housing Trust Fund is a new affordable-housing program, one that creates permanently affordable housing for extremely low-income households. Julián Castro, Secretary for the U.S. Department of Housing and Urban Development, announced that $174 million in allocations for the National Housing Trust Fund would be available soon. He and other officials from HUD, along with other housing policy officials, broke down the details...
  • This House Costs Just $20,000—But It’s Nicer Than Yours

    For over a decade, architecture students at Rural Studio, Auburn University's design-build program in a tiny town in West Alabama, have worked on a nearly impossible problem. How do you design a home that someone living below the poverty line can afford, but that anyone would want—while also providing a living wage for the local construction team that builds it? In January, after years of building prototypes, the team finished their first pilot project in the real world. Partnering with a commercial developer outside Atlanta, in a tiny community called Serenbe, they built two one-bedroom houses, with materials that cost...
  • All the crazy things happening because of San Francisco's ridiculous housing prices

    04/11/2016 8:37:09 AM PDT · by SeekAndFind · 28 replies
    Business Insider ^ | 04/11/2016 | Eugene Kim
    The cost of living in the San Francisco Bay Area is insanely high.The housing crisis has caused all kinds of problems, but some people are getting creative to survive it.From wooden pods to trailer trucks, check out all the crazy things people are doing to survive the area's ridiculous housing prices. According to real-estate marketplace Zumper, San Francisco is the most expensive rental market in the US, with the median rent for a one-bedroom apartment going for $3,590. This housing flyer will give you a better idea of how crazy rental prices are. Take Brandon, a 23-year-old Google engineer who...
  • If You Don't Rent to Criminals, Are You a Racist?

    04/11/2016 5:32:57 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | April 10, 2016 | Jeff Jacoby
    You're a private landlord, renting apartments in a building you bought with your savings from years of hard work and modest living. You take pride in maintaining your property, keeping it clean, comfortable, and attractive. You charge a fair rent and treat your tenants with courtesy and respect. Your tenants, in turn, appreciate the care you put into the building. And they trust you to screen prospective tenants wisely, accepting only residents who won't jeopardize the building's safe and neighborly character. That's why you only consider applications from individuals who are employed or in school, whose credit scores are strong,...
  • Team Obama is setting us up for another housing-market collapse

    04/10/2016 7:04:57 AM PDT · by MtnClimber · 16 replies
    NY Post ^ | 9 Apr, 2016 | Post Editorial Board
    The Obama administration is doing its best to give the nation another mortgage meltdown. As Paul Sperry recently noted in The Post, Team Obama has pushed mortgage lenders to offer home loans to folks with shaky credit, setting up conditions for another housing-market collapse. Wasn’t the last one bad enough? Credit scores of approved borrowers, for example, have been trending down, even as their debt levels have grown. The Federal Housing Administration and government-sponsored “independent” lenders Fannie Mae and Freddie Mac have been demanding lower credit standards — just as the feds did starting under President Bill Clinton, in pursuit...
  • Rent to a Felon -- Or Else

    04/08/2016 6:10:29 PM PDT · by kevcol · 40 replies
    American Thinker ^ | April 8, 2016 | Henry Percy
    The U.S. Department of Housing has just determined that refusing to rent to a convicted felon may be a violation of the Fair Housing Act, and National Public Radio seems to approve. Felons are not a protected class (yet) under the Fair Housing Act, but since the American justice system disproportionately affects persons of color, it's racist to deny felons housing. Note that HUD says may violate the act. That means, all you have to do as a landlord is ignore HUD and then battle it out in court. Feeling lucky? Roll the dice: 40% of the federal judiciary has...
  • A Tragic Night

    04/07/2016 8:20:03 AM PDT · by Kaslin · 36 replies
    Townhall.com ^ | April 7, 2016 | Emmett Tyrrell
    At 9:30 p.m. the other night, I was presented with a tragic lesson regarding one of our country's pig-headed policy errors, devised ever so quietly by President Barack Obama in league with progressives all over the country. Most Americans are unaware of this policy -- they never voted for it; they never debated it. The progressives are just imposing it on us through stealth. This is the Democrats' latest advance in democratic process. The other night, I had retired early after a long day of writing when suddenly my wife shook me. She asked me with some urgency if I'd...
  • Obama: Landlords Are Racists if They Exclude Felons from Housing

    04/07/2016 10:17:27 AM PDT · by sheikdetailfeather · 47 replies
    Breitbart ^ | 4-5-2016 | Warner Todd Huston
    President Barack Obama’s administration showed Tuesday that he wants to pressure landlords to ignore the criminal records of would-be renters. One inevitable result is that many law-abiding renters — including many African-Americans — will be forced to unknowingly live alongside felons they wish to avoid. According to Obama’s Department of Housing and Urban Development (HUD), the “disparate impact” theory of racism says landlords are racists if they have a color-blind practice of excluding all felons from their buildings. That color-bind practice is racist, say progressives, because it has a greater impact on African-Americans than on whites. It has a greater...
  • Rent To Criminals—Or Else

    04/07/2016 8:01:19 AM PDT · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 04/07/16 | Matthew Vadum
    Obama's threat to the nation's housing providers Welcome murderers, rapists, and thieves as your tenants or you will face huge monetary penalties, the Obama administration said in a new threat aimed at the nation’s landlords. Among convicted criminals, only drug dealers and drug manufacturers will be excluded from special protection as tenants under the administration’s novel interpretation of housing law.
  • Rent To Criminals -- Or Else: Obama's threat to the nation's housing providers.

    04/07/2016 7:23:32 AM PDT · by SeekAndFind · 15 replies
    FrontPage Mag ^ | 04/07/2016 | Matthew Vadum
    Welcome murderers, rapists, and thieves as your tenants or you will face huge monetary penalties, the Obama administration said in a new threat aimed at the nation's landlords. Among convicted criminals, only drug dealers and drug manufacturers will be excluded from special protection as tenants under the administration's novel interpretation of housing law. “The fact that you were arrested shouldn’t keep you from getting a job and it shouldn’t keep you from renting a home,” Obama's far-left Housing and Urban Development Secretary, Julian Castro, told the annual meeting of the National Low Income Housing Coalition this week.  This is...
  • Obama Wants to Force Landlords to Rent to Criminals --

    04/05/2016 12:23:25 PM PDT · by Kaslin · 22 replies
    Townhall.com ^ | April 5, 2016 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: One more thing about Obama. I had this at the bottom of The Stack today, but since Obama has gone and intruded on this program and the intended plan today -- and I'm not gonna give this guy much more leeway here, but he's out there asserting a bunch of garbage, and I had to nuke it. You may not have heard this. I just want to read this story as it's published in The Daily Caller: "The Obama administration released a warning Monday telling the nation's landlords that it may be discriminatory for them to refuse...
  • Obama Admin Tells Landlords They Can’t Refuse To House Criminals

    04/04/2016 7:24:14 PM PDT · by massmike · 83 replies
    http://dailycaller.com/ ^ | 04/04/2016 | Blake Neff
    The Obama administration released a warning Monday telling the nation’s landlords that it may be discriminatory for them to refuse to rent to those with criminal records. The Fair Housing Act doesn’t include criminals as a protected class, but the Department of Housing and Urban Development (HUD) says refusing to rent based on a criminal record is a form of racial discrimination, due to racial imbalances in the U.S. justice system. For instance, while blacks are about 12 percent of the U.S. population, they are about 36 percent of the prison population. Hispanics are also overrepresented behind bars, though to...
  • HUD Wants to Make Living in a Tiny House or RV Illegal

    04/03/2016 10:33:46 AM PDT · by E. Pluribus Unum · 141 replies
    The Organic Prepper ^ | March 31, 2016 | The Organic Prepper
    The tiny house movement has taken America by storm, in part because our economy is in the toilet. People are striving to reduce their expenses by embracing minimalism. They’re breaking free from the corporate grind because, as I’ve always advised, they are learning to live with less and radically reducing their expenses.But, these days in America, you are sharply admonished when you try to live your life outside of the strictures of the 9-5 world. Is it any surprise that the government is now taking steps to limit our ability to drastically reduce our expenses? They always seem to...
  • Free speech make way; here comes Obama-style regionalism

    04/03/2016 3:12:11 AM PDT · by 2ndDivisionVet · 16 replies
    PowerLine ^ | March 31, 2016 | Paul Mirengoff
    We have written about how “regionalism” and its handmaiden “Affirmatively Furthering Fair Housing” (AFFH) are, in effect, an attempt by the left to dictate the way Americans will live. Now, we see that they also entail an attempt to tell elected officials what they must say. This has become apparent from efforts to muzzle Westchester Country Executive Rob Astorino. Westchester County, New York is ground zero in the left’s push for its vision of regionalism. Under Democratic leadership, the County entered into a settlement with the Department of Housing and Urban Development. The County agreed to build 750 “affordable housing...
  • Abandoned buildings can be converted into homes with modular kitchen and bathroom block

    03/31/2016 2:03:19 AM PDT · by 2ndDivisionVet · 21 replies
    De Zeen Magazine ^ | March 9, 2016
    Rotterdam studio Kraaijvanger has designed a modular kitchen and bathroom unit that can be inserted into an empty building to turn it into a residence (+ slideshow). Called the Hub, the boxy 15-square-metre unit is designed by Kraaijvanger to be installed into almost any type of building, from disused office blocks to warehouses, as long as the structure has electricity and water connections. Each module contains a kitchen, bathroom and toilet, as well as facilities including heating, a sound system and a Wi-Fi connection – providing residents with almost everything they need to live comfortably. It is also possible to...
  • Palo Alto considers subsidized housing for salary up to $250K

    03/25/2016 3:06:37 AM PDT · by 2ndDivisionVet · 6 replies
    Reuters ^ | March 24, 2016 | Victoria Cavaliere
    Palo Alto officials are considering providing subsidized housing for people earning up to $250,000, as rent and home prices soar in the Silicon Valley city. The plan is a among a series of proposals being mulled by the Palo Alto City Council to provide affordable housing to those considered middle class in the area - families making between $150,000 to $250,000 annually. The median household income in the U.S. in 2014 was about $52,000, according to U.S. Census Bureau statistics. The proposals include building about 2,000 new units that would be made available for those earning less than $250,000, as...
  • Brazilian startup Urban3D sees 3D printed housing as solution for growing slum problems

    03/23/2016 11:49:39 PM PDT · by 2ndDivisionVet · 10 replies
    3Ders ^ | March 23, 2016
    Various companies and startups around the world are already exploring 3D printing construction solutions, usually involving a concrete 3D printer. The idea is that this can not only greatly speed up customized production, but will also significantly reduce construction costs. But the founder of Brazilian startup Urban3D Anielle Guedes looks far beyond costs or customized, artistic housing. She has been dreaming about a completely different purpose: to use efficient 3D printing construction to combat the world's growing slum problems. For whatever way you're looking at the situation, there's certainly a growing slum problem. Thanks to economic realities and a population...
  • The next housing crisis is here: This time it's about supply

    03/21/2016 9:24:11 AM PDT · by SeekAndFind · 13 replies
    Business Insider ^ | 03/21/2016 | Myles Udland
    The next housing crisis is here. And this time the crisis is all about one thing: supply. Following the mid-aughts housing bubble that saw homeowners across the country get themselves upside down in homes and mortgages they couldn't ever afford to repay — a crisis that was as much about too much supply as it was about too much bad financing — the market has gone the complete other direction. First-time home buyers are crowded out, with Trulia's chief economist Ralph McLaughlin writing Monday that the number of starter homes on the market has declined 43.6% in the last four...
  • Donald Trump Voters Told They Can't Rent Colorado Peace Activist's Apartment

    03/21/2016 7:59:11 AM PDT · by GSWarrior · 28 replies
    Westworld ^ | 3/21/16 | Michael Roberts
    "For rent: Downtown apartment, 2 bedrooms. Includes organic garden space, hot tub, great backyard. You can bring your dogs if they have references as good as yours. If voting for Donald Trump, do not call." This ad appeared in The Nickel, a free paper in Grand Junction — and even before the Grand Junction Daily Sentinel published an article about it on Saturday, landlord Mark Holmes received push-back from fans of Donald Trump by way of ugly voicemail messages. And that's not to mention the comments that have appeared in posts about the ad that have appeared on conservative websites, some of...
  • The 10 US cities where the most 20-somethings are buying homes

    03/18/2016 10:05:54 AM PDT · by SeekAndFind · 9 replies
    Business Insider ^ | 03/18/2016 | Kathleen Elkins
    According to a new study released by online loan marketplace LendingTree, more young people are pursuing home ownership. "The under-35 crowd had been, for some years, hesitant to enter the housing market, but we're seeing that start to shift," said Doug Lebda, CEO of LendingTree, in a press release. "The data all points to the fact that millennials are increasingly eager to own rather than rent, and even the incredibly high real estate prices in some markets don't necessarily deter them." Case in point: Boston, one of the priciest cities to buy a home, topped LendingTree's ranking, which was created...
  • Chicago’s public housing divide (luxury rent paid by CHA)

    03/15/2016 8:45:18 AM PDT · by CreviceTool · 18 replies
    Chicago Sun-Times ^ | March 12, 2016 | Brett Chase
    The CHA pays him $3,911 a month in federal funds to lease his townhouse to the woman and three others in her household, including a child under the age of 6, records show. It also has been a good deal for Lai’s tenant. She pays no rent because, CHA officials say, she has no income. The CHA declined to identify her or other voucher clients, though it released the names of landlords. Public housing doesn’t conjure images of a near-$1 million home. But the CHA foots most or all of the bill for Lai’s tenant and others to live in...
  • The 11 best US cities for young people to buy a home

    03/15/2016 7:38:12 AM PDT · by SeekAndFind · 28 replies
    Business Insider ^ | 03/15/2016 | Kathleen Elkins
    According to personal finance site SmartAsset, fewer than 35% of adults under age 35 own a home. But owning a home doesn't have to be a far-off dream, even if you're still in your 20s or early 30s. In a recent report, SmartAsset determined the best cities in the US for first-time homebuyers by looking at data on the affordability, mortgage availability, and stability of the housing market in every city with a population over 300,000. For millennials in search of their first home, Oklahoma and Texas are going to be the best buys — five of the top ten...
  • Chicago’s public housing divide, a Watchdogs / BGA special report

    03/14/2016 9:19:28 AM PDT · by rightwingintelligentsia · 16 replies
    Chicago Sun Times ^ | March 12, 2016 | Tim Novak et al
    After buying a home in Barrington Hills, Chaoshan Lai and his wife couldn’t unload the 15-year-old townhouse that they’d bought for $935,000 in Central Station, a taxpayer-subsidized development in the South Loop where former Mayor Richard M. Daley lived for years. Lai couldn’t even find anyone to rent the townhouse on South Prairie Avenue — until he got a call in 2013 about a woman who’d gotten a “housing choice voucher,” from the Chicago Housing Authority through a program that had long been called Section 8. Lai says the woman wanted to lease his three-bedroom, three-and-a-half bath home, which has...
  • Here are North America's Most Expensive Housing Markets

    03/13/2016 3:57:47 PM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 03/13/2016 | Tyler Durden
    Courtesy of Point2HomesWhen the average home price in San Francisco went over the $1 million threshold in the first half of 2015, it was pretty obvious for most people that the Bay city secured the top position as the most expensive housing market in the U.S. This is exactly what happened. According to records released at the end of last year, San Francisco is the superstar housing market not only in the U.S., but for the entire North America as well.But what may really surprise some people when looking at the top 15 list of the most expensive housing...
  • Here's the salary you have to earn to buy a home in 19 major US cities

    03/03/2016 1:27:55 PM PST · by SeekAndFind · 50 replies
    Business Insider ^ | 03/03/2016 | Libby Kane
    In the market for a home? Mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major metropolitan areas in the US, according to fourth-quarter 2015 data. Thanks to lower mortgage rates and home prices, homes were more affordable in nearly every metro area measured than they had been in the previous quarter. The National Association of Realtors told HSH.com that it doesn't expect this trend to continue. The site also calculated how it would change the salary needed to buy a home if a buyer were to put...
  • London's housing crisis just reached a turning point

    02/28/2016 7:27:01 AM PST · by SeekAndFind · 12 replies
    Business Insider ^ | 02/27/2016 | Feargus O'Sullivan, CityLab
    In London, the number of rented homes has just edged past the number that are owner-occupied, according to a report out this month. For the U.K.’s biggest city, this shift from owning to renting is, it seems, just the beginning. According to another new report, the ratio of renters to homeowners in London is expected to be yet greater by 2025, by which time the proportion of renters will have reached 60%. This shift from ownership to shorter-term rental tenancies, one mirrored by trends in the largest North American cities, is likely to have a number of consequences. Being able...
  • Housing Sector Is Shining In Murky U.S. Economy Home Depot Comps Soar

    02/24/2016 3:11:37 AM PST · by expat_panama · 6 replies
    Investors Business Daily ^ | February 23, 2016 | JED GRAHAM
    A cart-full of good news on Tuesday — especially for Home Depot (HD) — showed that the housing sector continued to be one of the strongest parts of the economy to start 2016. Existing-home sales solidly beat expectations in January... **** Existing-home sales rose to a 5.47 million annual pace, just shy of July’s level that was the highest since early 2007,,, **** The 1.82 million existing homes available for sale rose 3.4% on the month but were still down 2.2% from a year earlier. That means there’s just a 4.0-month supply of homes for sale, just above December’s 3.9...
  • 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....