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Keyword: housing

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  • Gov. Jerry Brown's sledgehammer fix to California's housing crisis

    05/27/2016 8:40:53 AM PDT · by ChicagoConservative27 · 21 replies
    Gov. Jerry Brown’s solution to California’s affordable housing crisis is to build, build, build, and not let local politics get in the way. Earlier this month, the governor introduced a bill under which proposed urban housing developments that meet local zoning requirements and reserve some portion of their units for low-income residents would be exempted from any additional environmental or local government review. The governor’s theory is that neighborhood opponents and other parochial interests have consistently blocked or downsized badly needed development projects, leading to a housing crisis in which California's major cities are increasingly unaffordable for most of its...
  • Illegal Immigrants Sue After Landlord Demands Documentation For Housing

    05/24/2016 7:16:03 PM PDT · by 2ndDivisionVet · 23 replies
    The Daily Caller ^ | May 24, 2016 | Steve Birr
    Four Latino families filed papers to sue their Virginia landlord Monday after he threatened eviction due to illegal family members living on the premises. The civil rights lawsuit filed by families living in Waples Mobile Home Park in Fairfax County, Va., claims it is discriminatory to require a social security number for residency. The landlords at the mobile home park are requiring residents to provide either a social security card, passport or valid visa with documentation to renew their leases, reports The Washington Post. The lawyers representing the families, from the Legal Aid Justice Center (LAJC) and Quinn Emanuel Urquhart...
  • Hypocritical Elizabeth Warren Turned Profit Flipping Foreclosed Houses

    05/24/2016 6:31:17 PM PDT · by blueyon · 17 replies
    Breitbart ^ | June 2, 2012 | John Sexton
    When she’s not looking out for the little guy being taken advantageof by predatory lenders, Elizabeth Warren is making high-interest, short-term loans to family members and flipping homes for a profit. That’sthe revelation in a story published today by the Boston Herald,which identifies nine instances when Warren made a quick profit eitherbuying and reselling homes or loaning money to family members to fliphomes in the late 90s. For instance, in 1993 Warren purchased a foreclosed home in OklahomaCity for $61,000. She resold the home 18 months later for $95,000. In several more cases, Warren provided loans so that her brother...
  • They’re Coming For Your Home

    05/23/2016 5:03:44 AM PDT · by Kaslin · 75 replies
    Townhall.com ^ | May 23, 2016 | Katie Kieffer
    They’re coming for your home. Right now. I suggest you save it. I can guide you, but you must do exactly as I say. Except, this isn’t The Matrix. You’re no actor, like Keanu Reeves, playing a distraught programmer-hacker named “Neo.” Nor am I an actor, like Laurence Fishburne, playing your guide “Morpheus.” This is real life, baby. Your home or apartment—and the neighborhood in which you live—is under siege. “Agents”—sans black glasses and black business suits—who work for the U.S. Department of Housing and Urban Development (HUD) have written a new regulation called “Affirmatively Furthering Fair Housing” (AFFH) that...
  • Treasury Must Not Forget That With Lending, Ignorance Isn't Bliss

    05/23/2016 4:32:18 AM PDT · by expat_panama · 4 replies
    Real Clear Markets ^ | May 23, 2016 | Brian Knight
    The use of technology to better assess a potential borrower's risk profile and score borrowers who previously could not be scored-or were scored inaccurately-is one of the most exciting elements of marketplace lending. That is, of course, unless you are the U.S. Treasury Department, which according to its recently released report on marketplace lending worries that technology will make loan underwriting too good. That isn't a typo; the Treasury is worried that better underwriting may be "unfair" because it can disadvantage borrowers who are currently mischaracterized as low risk by making them pay higher (that is to say, correct) rates....
  • SENATE REPUBLICANS BLOCK LEE AMENDMENT, PRESERVE AFFH (Obama's Plan to Ghettoize Your Neighborhood)

    05/20/2016 9:28:17 AM PDT · by C19fan · 141 replies
    PowerLine ^ | May 20, 2016 | Paul Mirengoff
    The Lee Amendment to defund President Obama’s Affirmatively Furthering Fair Housing (AFFH) regulation failed in the Senate yesterday because not enough Republicans backed it. The Amendment was tabled by a vote of 60-37. Jeremy Carl aptly describes this vote as a defeat for conservatism, community control, and common sense. It is a victory, as Carl says, for turning the federal government into a National Zoning board, forcing high density housing on unwilling cities and towns, and letting bureaucrats decide the racial, ethnic and income balance of local communities.
  • Will Gov’t Regulation Kill The Housing Market — Again?

    05/20/2016 4:55:40 AM PDT · by expat_panama · 10 replies
    Investors Business Daily ^ | 5/19/2016 | Editorial
    Housing: Seemingly everyone applauds the recent surge in home prices as a positive sign for the economy. But, in fact, it isn’t. If anything, it’s a sign the federal government still hasn’t learned its lesson about excessive regulation. While prices for homes have surged in recent years, they’ve done so thanks mainly to federal regulations put in place after the financial crisis. Low interest rates engineered by the Fed to stimulate the economy have fueled a surge in demand, driving prices up sharply. And federal regulations continue to require mortgage lenders to make risky home loans based on race and...
  • Manning on HUD local zoning takeover w/ Mark Steyn

    05/18/2016 10:19:05 AM PDT · by Ray76 · 6 replies
    Americans for Limited Government President Rick Manning appeared on the Rush Limbaugh Show with guest host Mark Steyn at 2:30PM EST to discuss the imminent Senate vote on an amendment by Sen. Mike Lee (R-Utah), S.3897, to the Transportation and Housing and Urban Development (HUD) appropriations bill that will prohibit implementation of the HUD regulation “Affirmatively Furthering Fair Housing” (AFFH) that conditions $3 billion of yearly community development block grants on 1,200 recipient cities and counties rezoning neighborhoods along income and racial guidelines.
  • New Zealand housing crisis forces hundreds to live in tents and garages

    05/17/2016 6:00:53 PM PDT · by Lorianne · 25 replies
    Guardian UK ^ | 16 May 2016 | Eleanor Ainge Roy
    <p>Property prices in Auckland have increased by nearly 80% in five years, leaving some families unable to buy or rent ___ Hundreds of families in Auckland are living in cars, garages and even a shipping container as a housing crisis fuelled by rising property prices forces low-income workers out of private rental accommodation.</p>
  • Governments terrified of popping foreign-buyer housing bubble

    05/17/2016 5:53:46 PM PDT · by Lorianne · 13 replies
    CBC News [Canada] ^ | 16 May 2016 | Don Pittis
    There's a bidding war for government action on Canada's soaring housing market, but as fingers point to foreign buyers as a reason for escalating prices, governments at all three levels are not yet motivated to cool the market down. Young Canadians complain home ownership is increasingly beyond their reach. Governments fear rules to put a lid on stratospheric prices — expected to show another strong increase in today's real estate data for April — could have an an economic impact far beyond the first-time buyer market. The difficulty governments face is that while Canadian manufacturing and exports fall, while oil...
  • The odds of landing affordable housing in NYC are 1,000 to 1

    05/16/2016 4:38:45 AM PDT · by lowbridge · 12 replies
    NY Post ^ | May 12, 2016 | Yoav Gonen
    The odds of landing an affordable apartment through the city’s Housing Connect website have gotten so long, they’re now at about 1,000 to 1, officials said Wednesday. Housing Commissioner Vicki Been testified at a City Council budget hearing that 2,628 affordable apartments have become available online so far this year — drawing 2.54 million applications. -snip The number of applications represents a dramatic increase from fiscal 2013, when some 364,000 applications were submitted for just over 2,300 units.
  • ANZ, Westpac hit by hundreds of Chinese home loan frauds

    05/09/2016 11:11:27 AM PDT · by ameribbean expat · 10 replies
    AFR ^ | 05.09.2016 | Christopher Joye
    ANZ Banking Group and Westpac Banking Corp have discovered they have each approved "hundreds" of home loans backed by fraudulent Chinese income documents, which were allegedly manufactured with the help of dodgy mortgage brokers.
  • Britain braced for a ban on second homes: (trunc)

    05/08/2016 2:41:37 PM PDT · by Lorianne · 88 replies
    Daily Mail UK ^ | 07 May 2016 | Victoria Finan and Lucy Crossley
    Councils across the UK are set to consider banning people who already own homes from buying holiday cottages after a historic vote yesterday. More than 80 per cent of voters in St Ives, Cornwall, backed proposals that will mean new housing developments will only get planning permission if homes there are reserved for full-time residents. And now councils in the Lake District, Derbyshire Dales, north Devon and the Isle of Wight are all looking at schemes to prevent outsiders buying holiday homes. But ministers are poised to oppose the ban, saying it could be regarded as unfair and discriminatory. Tory...
  • Obama’s last act is to force suburbs to be less white and less wealthy

    05/08/2016 9:49:48 AM PDT · by detective · 101 replies
    Hillary’s rumored running mate, Housing Secretary Julian Castro, is cooking up a scheme to reallocate funding for Section 8 housing to punish suburbs for being too white and too wealthy. The scheme involves super-sizing vouchers to help urban poor afford higher rents in pricey areas, such as Westchester County, while assigning them government real-estate agents called “mobility counselors” to secure housing in the exurbs. Castro plans to launch the Section 8 reboot this fall, even though a similar program tested a few years ago in Dallas has been blamed for shifting violent crime to affluent neighborhoods. It’s all part of...
  • Saudi Arabia looks to UK, France and China for help building homes

    05/02/2016 2:42:10 PM PDT · by StCloudMoose · 6 replies
    reuters ^ | 5/2/16
    Saudi Arabia's government has authorized the housing ministry to seek the assistance of Britain, France and China in building hundreds of thousands of homes to ease a shortage of affordable housing in the kingdom. The housing minister and his deputy were given the power to sign memorandums of understanding with those countries, the official Saudi Press Agency reported on Monday. It gave no details of what the agreements might contain, but in March the ministry signed memorandums with South Korea and a Saudi-South Korean consortium to develop 100,000 housing units in northern Riyadh over 10 years. The consortium includes Daewoo...
  • Obscure Delaware Program Is A Public Housing Miracle

    05/01/2016 2:30:02 PM PDT · by MaxistheBest · 9 replies
    The Daily Caller ^ | 04/29/2016 | Kathryn Watson
    More than 850 families have transitioned out of public housing in Delaware since the state began limiting the length of time residents are eligible to receive housing subsidies, and hundreds more have become homeowners. “Before we started Moving to Work, we had people who were on their third or fourth generation of the same family who were at the same site,” Rebecca Kauffman, social service senior administrator at the Delaware Housing Authority’s Moving to Work program, told The Daily Caller News Foundation. -------------------------------- The contrast with the rest of the federal public housing program is vivid. The average resident currently...
  • Reclaiming “Redneck” Urbanism: What Urban Planners Can Learn From Trailer Parks

    04/30/2016 11:56:20 AM PDT · by Lorianne · 85 replies
    Market Urbanism ^ | 21 April 2016 | Nolan Gray
    Given that “redneck” and “hillbilly” remain the last acceptable stereotypes among polite society, it isn’t surprising that the stereotypical urban home of poor, recently rural whites remains an object of scorn. The mere mention of a trailer park conjures images of criminals in wifebeaters, moldy mattresses thrown awry, and Confederate flags. As with most social phenomena, there is a much more interesting reality behind this crass cliché. Trailer parks remain one of the last forms of housing in US cities provided by the market explicitly for low-income residents. Better still, they offer a working example of traditional urban design elements...
  • 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 · 41 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,...