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Keyword: housing

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  • 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 · 50 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, it’s the cheapest home on the market in San Francisco, and it’s 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 house’s 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 ^ | 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 Brotherhood’s 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 masjid’s 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 ^ | 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 court’s 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 Sörmark 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...
  • It’s impossible to afford NYC rents on the minimum wage

    09/09/2015 4:31:04 AM PDT · by lowbridge · 47 replies ^ | 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 city’s 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, 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 I’m 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. Udall’s mission, of course, was to protect the environment from developers (as one of its goals), Obama has another mission—to 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...

    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 mother’s 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 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 can’t get a mortgage’: One man’s 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 couldn’t get a mortgage loan. First, I went to PNC bank. Then Wells Fargo. Then another. Denied. Denied. Denied. No, I don’t 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 you’d 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 that’s 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 that’s 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 they’re buying, not when they’re selling, and that’s 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 doesn’t go unnoticed by the nation’s mayors and governors. Renters tend to have more sensible views — you’ll never hear a renter say, “Hey, my rent is doubling this year — that’s awesome! The economy must be doing great!” But nobody listens to them....
  • If The American Dream Is To Own A Home, Then It Hasn’t 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 World’s 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, it’s not a pretty one either. However, the visionaries at Branch Technology, a startup founded by architects in Chattanooga, Tennessee, want to change that—and they’ve built the world’s 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.Branch’s mission is simple: Use 3D printing technology to create walls of any shape out of conventional construction materials. Building houses like this...
  • Single-family housing is an ecological disaster and Seattle’s mayor was right then, wrong now

    07/29/2015 8:55:34 PM PDT · by artichokegrower · 36 replies
    San Francisco Chronicle ^ | July 29, 2015 | Jake Ellison
    Neighborhoods built around single-family housing are ecologically unsustainable in a world increasingly challenged by climate change.
  • Seattle’s ‘upzoning’ plan seems to be sinking

    07/29/2015 1:06:44 AM PDT · by Cincinatus' Wife · 18 replies
    Seattle Times ^ | July 28, 2015 | Danny Westneat
    <p>“I don’t think you’re going to see duplexes and triplexes in the single-family areas, not from this council,” Nick Licata said. “They’re getting roughed up for it out there. It isn’t worth it.”</p> <p>Interesting. Maybe the spirit of Emmett Watson is still with us after all?</p>
  • Chinese buyers feed new energy into Texas real estate

    07/28/2015 7:44:00 PM PDT · by TigerLikesRooster · 5 replies
    CNBC ^ | 2015/07/28 | Diana Olick
    Chinese buyers feed new energy into Texas real estate "Investors in Chinese equity markets will flee to safe assets, and few assets offer the combination of relatively modest risk and high returns as U.S. real estate," says a researcher at Zillow. Diana Olick | @DianaOlick With investors nervously watching the Shanghai stock market, Chinese are the now biggest foreign buyers of American real estate, and they are setting their sights on the biggest state in the Lower 48. Texas is seeing a huge influx of Chinese buyers, both investors and owner occupants, thanks to more affordable housing. And recent turbulence...
  • Local Governments Are The Source Of Housing Inequality

    07/28/2015 1:26:12 PM PDT · by george76 · 22 replies
    The Federalist ^ | JULY 27, 2015 | Chuck DeVore
    Wealth inequality? Blame local government, whose meddling in property rights causes artificial scarcity in housing. ... Matthew Rognlie, a Massachusetts Institute of Technology doctoral student in economics .. makes an interesting insight; housing prices are going up because of artificial scarcity caused by land-use regulation. Put another way, the concentration of wealth is not an issue of the “1 percent” winning while the rest of us lose—it’s an issue of homeowners benefitting from government restrictions on property rights that prevent a free market in homebuilding, restricting supply and driving up prices. ... If Rognlie is correct (and the data suggests...
  • Trump in 2007: Housing Markets Are ‘Okay,’ ‘Fine,’ ‘Solid’

    07/27/2015 11:00:49 AM PDT · by SeekAndFind · 18 replies
    National Review ^ | 07/27/2015 | Jim Geraghty
    A quick reminder for fans of Donald Trump’s business acumen, and who believe he has an instinctive feel for what it takes for a healthy economy . . . Trump, in March 2007, discussing the economy: TRUMP: Well, the U.S. economy is okay, but very, very fragile. Interest rates have to start being lowered. I think that Alan Greenspan, who is a friend of mine and a great guy, came out last week and he made the statement. But I believe interest rates are getting too high, and if they are not lowered, your housing markets will really start...
  • Sowell: The Fact-Free Left: Part II

    07/22/2015 1:38:21 PM PDT · by jazusamo · 9 replies
    Creators Syndicate ^ | July 22, 2015 | Thomas Sowell
    There is no way to know what is going on in someone else's mind. But sometimes their behavior tells you more than their words. The political left's great claim to authenticity and honor is that what they advocate is for the benefit of the less fortunate. But how could we test that? T.S. Eliot once said, "Half the harm that is done in this world is due to people who want to feel important. They don't mean to do harm — but the harm does not interest them. Or they do not see it, or they justify it because they...
  • Existing Home Prices Hit Record; Sales Soar To 8 Year High [Property Sales Are Hot, Hot, Hot]

    07/22/2015 7:44:49 AM PDT · by SeekAndFind · 22 replies
    Zero Hedge ^ | 07/22/2015 | Tyler Durden
    Houses have become stocks... the higher the price, the more demand (especially as the government has your back with low down-payment loans and the re-emergence of IOs). With Existing Home Sales soaring to a SAAR of 5.49 million, the highest since early 2007, the fact that median home prices are at an all-time high appears to be any problem for the releveraging American (or Chinese) homebuyer.  Lawrence Yun, NAR chief economist, says backed by June's solid gain in closings, this year's spring buying season has been the strongest since the downturn. "Buyers have come back in force, leading to the...
  • Hillary Clinton's Subprime Memory: Now She Says She warned About Risky Loans

    07/17/2015 4:55:05 AM PDT · by SeekAndFind · 15 replies
    IBD ^ | 07/17/2015
    If only Wall Street bankers had listened to St. Hillary during the subprime mortgage frenzy. She now claims she warned about the risky loans. Yep, a Clinton actually went there. Her campaign may regret it. While bashing Wall Street for risky acts and "criminal behavior," Clinton in her first economic stump speech portrayed herself as the voice of financial sanity in a casino of wild greed. "As we all know, in the years before the crash, financial firms piled risk upon risk," she intoned, "and regulators in Washington either wouldn't or couldn't keep up. "I was alarmed by this gathering...
  • Big 3 broadcast nets deep-six Obama's suburb-busting plan

    07/14/2015 9:55:15 PM PDT · by afraidfortherepublic · 35 replies
    The American Thinker ^ | 7-14-15 | Thomas Lifson
    The Democrat-Media Complex have just told us what they fear the most as an issue in the 2016 election: President Obama’s plan to “fundamentally transform” suburbia (as explained today by Jeannie DeAngelis). This is an issue that literally hits voters where they live, by using the denial of federal funding to override local control and force communities to provide low-income housing distributed to approved minority groups. Investor’s Business Daily reports that all three broadcast networks ignored the story that affects their viewers more directly than almost any other issue. The Big Three news networks all punted on covering one of...
  • Obama: Federal gov't will integrate races into wealthy communities

    07/12/2015 8:05:57 AM PDT · by Signalman · 84 replies
    Wash. Examiner ^ | 7/11/2015 | Barb. Boland
    President Obama said Saturday he will use the power of the federal government to pressure communities to integrate low-income minorities into affluent areas. Obama said his administration is implementing a new rule that will require communities to frequently review the racial and socio-economic makeup of local neighborhoods and regularly report the results to the federal government. "Just a few weeks ago, the Supreme Court ruled that policies segregating minorities in poor neighborhoods, even unintentionally, are against the law," Obama said, referencing a ruling on the Fair Housing Act largely ignored by the media due to attention on the Obamacare and...
  • Seattle City Needs To Move Away From The Idea That Families Can Have Their Own Home & Land

    07/09/2015 12:53:17 PM PDT · by thomasryan · 57 replies
    Gov't Slaves ^ | 7/8/15 | Kipp Robertson
    If adopted, ideas being considered by a Seattle housing committee would be devastating to the city’s appeal, KIRO Radio’s Dori Monson said. Get rid of single-family zoning in Seattle. That’s the big message in a draft report being worked on by Mayor Ed Murray’s housing committee, obtained by The Seattle Times. According to a draft letter, the city needs to move away from the idea that all families can live in their own home on a piece of land, the Times reports. “Today, as Seattle expands rapidly and experiences massive economic and population growth, we are held back by policies...
  • Obama Orders Cities And Towns To Racially Integrate !

    07/08/2015 10:05:27 PM PDT · by Crystal Palace East · 97 replies
    Daily Caller ^ | July 9 | Rachel Stoltzfoos
    The Obama administration unveiled new rules Wednesday to rid the country of racially segregated neighborhoods by directing cities and towns to set goals for reducing segregation, and then regularly report their progress to the feds. Communities nationwide will be given a series of questions designed to help them figure out whether racial bias is causing segregated neighborhoods, racial or ethnically concentrated areas of poverty, unequal access to opportunity or disproportionate housing needs in their jurisdiction. They will be required to set goals related to that data and publicly report on their progress every three to five years. The Department of...
  • ‘Post-racial’ Obama announces new push to socially engineer every neighborhood by RACE

    07/08/2015 5:15:26 PM PDT · by markomalley · 23 replies
    The Right Scoop ^ | 7/8/15 | soopermexican
    The federal government doesn’t want you to choose where to live, it wants to be able to decide that for you too, and they’re implementing that plan with new rules to order that by race. Because that’s how we defeat racism, we organize people by race.From the Washington Post: …on Wednesday, the Obama administration will announce long-awaited rules designed to repair the law’s unfulfilled promise and promote the kind of racially integrated neighborhoods that have long eluded deeply segregated cities like Chicago and Baltimore. The new rules, a top demand of civil-rights groups, will require cities and towns all over...
  • Christian Colleges' Right to Deny Married Housing for Gays Is 'on the Edge of the Indefensible'

    07/08/2015 9:01:41 AM PDT · by SeekAndFind · 11 replies
    Christian Post ^ | 07/08/2015 | Samuel Smith
    WASHINGTON — Americans United for Separation of Church and State announced Monday the launch of an "aggressive" initiative to combat any state or federal legislation, or court ruling seeking to protect religious objectors of same-sex marriage from government consequence for living according to their religious convictions. The organization, which advocates a strict separation view of the religious freedom clauses of the First Amendment, has started the "Protect Thy Neighbor" project, which will monitor and battle all state and federal legislation and court challenges that pertain to giving individuals, business and religious institutions the right not to serve or participate in...
  • Massive Government Overreach: Obama’s AFFH (Affirmatively Furthering Fair Housing) Rule Is Out

    07/08/2015 8:16:14 AM PDT · by C19fan · 59 replies
    National Review ^ | July 8, 2015 | Stanley Kurtz
    Today, HUD Secretary Julian Castro announced the finalization of the Obama administration’s Affirmatively Furthering Fair Housing Rule. A front-page article pre-emptively defending the move appears in today’s Washington Post. The final rule is 377 pages, vastly longer than the preliminary version of the rule promulgated in 2013. AFFH is easily one of President Obama’s most radical initiatives, on a par with Obamacare in its transformative potential. In effect, AFFH gives the federal government a lever to re-engineer nearly every American neighborhood—imposing a preferred racial and ethnic composition, densifying housing, transportation, and business development in suburb and city alike, and weakening...
  • The Supreme Court says housing lawsuits charging discrimination no longer need proof

    06/28/2015 2:09:45 PM PDT · by E. Pluribus Unum · 45 replies
    The Washington Times ^ | June 28, 2015 | Robert Knight
    Remember when Barney Frank insisted in 2003 that “Fannie Mae and Freddie Mac are not in a crisis,” and “I want to roll the dice a little bit more in this situation toward subsidized housing?”As chairman of the powerful House Financial Services Committee, former Rep. Frank, Massachusetts Democrat, helped defeat Bush administration proposals to rein in the two federal loan giants. The housing market crashed in 2008 on thousands of bad subprime home loans, triggering the Great Recession, from which this nation still has not recovered.Well, it’s time to roll the dice again. According to the 5-4 majority opinion at...
  • Shockingly, Americans not big on government enforced neighborhood diversity

    06/27/2015 8:52:08 AM PDT · by C19fan · 42 replies
    HotAir ^ | June 27, 2015 | Jazz Shaw
    A while back we discussed a proposed plan which Housing and Urban Development (HUD) was preparing to roll out. The goal was apparently to use public funds to impose a bit more “diversity” on neighborhoods by improving lower income neighborhood properties while mandating more low cost, public housing in wealthier areas. The response around here was, shall we say, less than enthusiastic, but hey… this is just one small corner of the interwebs, right? Perhaps the rest of the nation sees this as a wonderful opportunity and an idea whose time has come round at last. Let’s check in with...
  • Finnish startup Fimatec unveils concept for ready-built 3D printed walls for modular apartments

    06/26/2015 11:32:58 AM PDT · by 2ndDivisionVet ^ | June 24, 2015 | "Simon"
    While there are currently many developments being made across the entire additive manufacturing industry, among others that have been standing out as of late have consisted of 3D printing applications that are of either very large scale or very small scale applications. So far, the smaller applications have mainly consisted of research into nanoscale 3D printing for purposes such as biomedical engineering applications including cell scaffolding while the larger applications have been focused on creating architectural structures such as those that can be created in any geographical area using found materials. Needless to say, the developments surrounding these scaled applications...
  • Clarence Thomas attacked his colleagues for saving a law aimed at desegregating America

    06/25/2015 9:44:03 AM PDT · by SeekAndFind · 35 replies
    Business Insider ^ | 06/25/2015 | Erin Fuchs
    The Supreme Court saved a law Thursday aimed at preventing housing discrimination, and Justice Clarence Thomas wrote a scathing dissent calling out his liberal colleagues for their "audacity." In a 5-4 decision on Thursday, the Supreme Court's majority found that the Fair Housing Act (FHA) prevents housing practices that unfairly impact minorities even if those practices are not intentionally discriminatory. Many cases brought under the FHA involve so-called disparate-impact claims, so a ruling against fair-housing advocates would have seriously hobbled the law. Thomas — the court's only African-American justice — wrote a separate dissent questioning the notion that the government...
  • Supreme Court upholds key tool for fighting housing bias

    06/25/2015 8:09:21 AM PDT · by GIdget2004 · 69 replies
    Washington Post ^ | 06/25/2015 | AP
    The Supreme Court handed a major victory to the Obama administration and civil rights groups on Thursday when it upheld a key tool used for more than four decades to fight housing discrimination. The justices ruled 5-4 that federal housing laws prohibit seemingly neutral practices that harm minorities, even without proof of intentional discrimination. The case involved an appeal from Texas officials accused of violating the Fair Housing Act by awarding federal tax credits in a way that kept low-income housing out of white neighborhoods. Justice Anthony Kennedy, often a swing vote, joined the court’s four liberal members in upholding...
  • The mad war to house the poor in America's suburbs

    06/22/2015 3:35:19 PM PDT · by SeekAndFind · 39 replies
    New York Post ^ | 06/22/2015 | Betsy McCaughey
    An African-American millionaire can buy a home in any expensive suburb. Color is no longer a barrier. Despite this progress, President Obama’s Department of Housing and Urban Development is accusing expensive towns of racism, simply because most minorities can’t afford to live there. Westchester County has struggled under a federal monitor since 2009 to compel the county to build multi-unit affordable housing in the county’s most expensive areas. Hillary Clinton claims to be a warrior against inequality. But her adopted hometown of Chappaqua is battling HUD’s demands — and that means it’s fighting the man believed to top Hillary’s veep...
  • The New American Dream Under Obama: Renting

    06/22/2015 4:27:32 AM PDT · by SeekAndFind · 24 replies
    IBD ^ | 06/21/2015
    The heavy federal hand in the housing market has been a disaster. Despite spending more than $13,000 for every household, Washington has record low homeownership to show for it, even among the middle class. In fact, a just-released report by Harvard's Joint Center for Housing Studies not only finds more middle-class families renting but many also struggling to make rent, as homeownership rates plunge lower than ever. This is as shocking as it is depressing. It used to be that the middle class owned homes. Now it's increasingly feeling "the strain of rising rents," the reports says, as foreclosures and...
  • HUD War Against the Suburbs

    06/18/2015 10:03:05 AM PDT · by Fay
    GOPUSA ^ | June 17, 2015 | Betsy McCaughey
    Politically correct propaganda has invaded our collective conscious with terms that somehow make what was once thought of as abnormal now seem normal. Along with this new jargon comes a new rationale that is irrational to many who persist in living in the real world. Unfortunately, often the realists have remained silent – indifferent to or intimidated by the name-calling of those claiming to be tolerant. And so the topsy-turvy world that once was America has now become a land where free speech is only afforded to those with loud voices who have a national platform and embrace liberal ideologies....
  • Many low-income Americans can’t even afford to rent

    06/18/2015 4:31:18 AM PDT · by 2ndDivisionVet · 50 replies
    MarketWatch ^ | June 16, 2015 | Quentin Fottrell, personal finance reporter
    The poorest Americans, who can’t afford to buy property, are increasingly priced out of rentals. There were only 28 adequate and available to rent homes for every 100 extremely low-income renters in 2013, down from 37 in 2000, according to the Urban Institute, a nonprofit and nonpartisan organization that focuses on social and economic policy. “This gap between supply and demand leaves 72% of the country’s poorest families burdened by the high cost of housing,” it found. Extremely low-income renters are households with incomes at or below 30% of the median income in that region. Not one county in the...
  • The Obama Administration Launches A War On The Suburbs

    06/17/2015 10:49:02 AM PDT · by BradtotheBone · 62 replies
    Investors.Com ^ | 06/16/2015 05:56 PM ET | BETSY MCCAUGHEY
    An African-American millionaire can buy a home in any expensive suburb. Color is no longer a barrier. Despite this progress, President Obama's Department of Housing and Urban Development is accusing expensive towns of racism, simply because most minorities can't afford to live there. Westchester County, N.Y., has struggled since 2009 under a plan by a federal monitor to compel the county to comply with HUD's demands for multiunit affordable housing in expensive areas. Hillary Clinton claims to be a warrior against inequality. But her adopted hometown of Chappaqua, an upscale Westchester village that one resident describes as "a little piece...
  • 6 students who died in Berkeley balcony collapse are identified; inquiry begins

    06/16/2015 4:59:20 PM PDT · by BenLurkin · 40 replies
    Library Gardens served students as well as summer visitors and long-term Berkeley residents. The property was bought in 2007 by New York-based BlackRock properties, an investment firm with more than $4.7 trillion in assets. It then was leased to Virginia-based Greystar, which manages more than 400,000 residences nationwide. Rent for one- and two-bedroom apartments ranges from $2,150 a month to $4,000; in online reviews residents expressed a broad range of opinions about the quality of the property’s management. City Councilmember Jesse Arreguin, who represents the area, said the building was "one of the newer apartment complexes in Berkeley.” He added:...
  • Developers can be required to include affordable housing, California high court rules

    06/15/2015 11:16:52 AM PDT · by Cincinatus' Wife · 64 replies
    Los Angeles Times ^ | June 15, 2015 | Maura Dolan, reporting from San Francisco
    The California Supreme Court decided unanimously Monday that cities and counties may require developers to provide below-market-rate housing as a condition of a building permit...... Monday's decision stemmed from a constitutional challenge of an affordable housing ordinance passed in San Jose five years ago..... The law requires developers building 20 or more housing units to offer 15% at below-market rates or pay into a city fund. .........“The community as a whole should bear the burden of furthering this interest, not merely some segment of the community.”
  • Megyn Kelly Unloads on Obama over Plans to Regulate the Diversity of Neighborhoods

    06/12/2015 5:47:18 PM PDT · by Kaslin · 32 replies ^ | June 12, 2015 | Curtis Houck
    Fox News’s Megyn Kelly began Thursday’s edition of The Kelly File by ripping into President Barack Obama and plans for the Department of Housing and Urban Development (HUD) to regulate and enforce the diversity of neighborhoods (and particularly wealthy ones). A few hours after the major broadcast networks ignored this story on their evening newscasts, Kelly made clear her disdain with the President and referred to him as “[t]he man who changed your health care system forever” that’s “now pushing to change your neighborhood” and especially “if Uncle Sam feels it is not inclusive enough.”VideoCiting the administration’s line that they’re...