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Keyword: housing

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  • 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 · 28 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
    3Ders.org ^ | 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
    NewsBusters.org ^ | 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...
  • Lessons Not Learned: The Push For Easier Home Lending Standards Is Reckless

    06/12/2015 7:06:41 AM PDT · by SeekAndFind · 12 replies
    IBD ^ | 06/12/2015 | Paul Sperry
    In a dangerous deja vu, politicians and lobbyists are pressuring banks to throw open their lending windows for credit-poor people who want to buy homes but may not be able to afford them. Worried about sagging homeownership rates, especially among minorities, the Obama administration seeks to boost homebuying by easing mortgage lending standards — and affordable-housing zealots are egging it on. So are Realtors and brokers hungry for profits. They're all cheering recent moves by Obama regulators to slash down-payment and mortgage insurance requirements for first-time homebuyers at federal agencies that back such mortgages. They also support a plan to...
  • North Texas is the country's hottest rental market right now: Rents rise 4.9%

    06/11/2015 9:59:31 PM PDT · by 2ndDivisionVet · 10 replies
    HousingWire ^ | January 7, 2015 | Brena Swanson
    The North Texas rental market is on fire, with properties springing up, people flocking to the city for corporate relocations and builders working to keep pace with demand. According to an article from WFAA, apartment rent reached an all-time high last year, with rents rising 4.9% in 2014 and the average monthly rent for an apartment in Dallas-Fort Worth surging to $919. "Annual increases above 4% are rare in this market," said Greg Willett, an MPF Research vice president. "Because we're such a construction hot spot, the flow of new product moving through initial lease-up normally holds rent growth below...
  • Is Shared-Equity Housing the Wave of the Future?

    06/11/2015 1:05:36 PM PDT · by Cincinatus' Wife · 28 replies
    Washington Monthly ^ | June 11, 2015 | Martin Longman
    In the new June/July/August issue of the Washington Monthly, freelance journalist Jordan Fraade has a piece on something you may not be familiar with yet. Driven by below normal home ownership in the Millennial generation, some communities are coming up with an interesting incentive called “Shared Equity Housing.” Because Millennials began entering the economy right around the time the economy cratered in 2008, they don’t have the savings typical of people their age. This makes finding a down payment on a house one of the most significant barriers to home ownership. All across the country, particularly in its most expensive...
  • Obama making bid to diversify wealthy neighborhoods

    06/11/2015 7:58:22 AM PDT · by C19fan · 68 replies
    The Hill ^ | June 11, 2015 | Tim Devaney
    The Obama administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, drawing fire from critics who decry the proposal as executive overreach in search of an “unrealistic utopia.” A final Department of Housing and Urban Development (HUD) rule due out this month is aimed at ending decades of deep-rooted segregation around the country.
  • Obama making bid to diversify wealthy neighborhoods

    06/11/2015 5:12:49 AM PDT · by Cincinatus' Wife · 131 replies
    The Hill ^ | June 11, 2015 | Tim Devaney
    The Obama administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, drawing fire from critics who decry the proposal as executive overreach in search of an “unrealistic utopia.” A final Department of Housing and Urban Development (HUD) rule due out this month is aimed at ending decades of deep-rooted segregation around the country. The regulations would use grant money as an incentive for communities to build affordable housing in more affluent areas while also taking steps to upgrade poorer areas with better schools, parks, libraries, grocery stores and transportation routes as part of a gentrification of...
  • Millennials Have No Hope Of Buying A Home In These 13 US Cities [See map]

    06/08/2015 8:49:28 AM PDT · by SeekAndFind · 36 replies
    Zero Hedge ^ | 06/08/2015 | Tyler Durden
    In “This Is What Happens When A Millennial Tries To Get A Job,” we highlighted 1) high youth unemployment (U-6 at nearly 14%) and 2) the failure of America’s university system to prepare new entrants for the job market, on the way to painting a rather grim picture for America’s newly-minted college graduates. We’ve also been keen to emphasize the fact that the “strong” labor market is anything but, as wage growth is essentially non-existent and upside “surprises” benefit from the now ubiquitous “vanishing worker.” Given this, it’s no surprise that many of America’s best and brightest find themselves serving...
  • The Fed Has Been Horribly Wrong, Deutsche Bank Admits-Dares To Ask If Yellen Planning Housing Crash

    06/01/2015 9:08:14 AM PDT · by tcrlaf · 26 replies
    Zerohedge ^ | 6-1-2015 | Durden
    The reason why Zero Hedge has been steadfast over the past 6 years in its accusation that the Fed is making a mockery of, and destroying not only the very fabric of capital markets (something which Citigroup now openly admits almost every week) but the US economy itself (as Goldman most recently hinted last week when it lowered its long-term "potential GDP" growth of the US by 0.5% to 1.75%), is simple: all along we knew we have been right, and all the career economists, Wall Street weathermen-cum-strategists, and "straight to CNBC" book-talking pundits were wrong. Not to mention the...
  • Academics Fix Another Problem

    06/01/2015 7:58:39 AM PDT · by Academiadotorg · 9 replies
    Accuracy in Academia ^ | May 30, 2015 | Malcolm A. Kline
    How many academics does it take to fix America’s criminal justice system? Twenty. That’s how many participated in a National Research Council (NRC) study of U. S. prisons and their effect on inner cities. They study was conducted under the auspices of the National Academy of Sciences (NAS). “After decades of stability, U.S. federal and state prison populations escalated steadily between 1973 and 2009, growing from about 200,000 people to 1.5 million,” they found. “The increase was driven by changes in policy that imprisoned people for a wider range of offenses and imposed longer sentences.” “Has this greater reliance on...
  • Elizabeth Warren Bought Foreclosed Homes to Make a Quick Profit

    05/27/2015 4:04:52 AM PDT · by markomalley · 46 replies
    National Review ^ | 5/27/15 | Jillian Kay Melchior & Eliana Johnson
    Nearly two years after Veo Vessels died, her daughter, 70-year-old Mary Frances Hickman, decided to sell the home her mother had left to her. A sprawling brick house in Oklahoma City’s historic Highland Park neighborhood, it was built in 1924, just a year after Mary’s birth. Decades later, one of Vessels’ great-grandchildren fondly recalls the wood and tile floors, the fish pond, the butler’s quarters, and the multi-car garage where children played house. “It was really, really nice,” says Hickman’s granddaughter, Andrea Martin. That’s part of the reason she’s so surprised her grandmother sold the home in 1993 for a...
  • Squatters hold California bedroom hostage [Woman cannot remove deadbeats--per California law]

    05/15/2015 6:36:33 AM PDT · by SoFloFreeper · 56 replies
    KPRC-TV ^ | 5/15/15
    Poonam Sandhu rented out the master bedroom of her Watsonville, California home to a couple through Airbnb. Now they refuse to leave or pay rent. Sandhu says she's been forced from her own home by some terrible tenants.
  • Fannie Mae accused of neglecting foreclosed homes in nonwhite communities

    05/13/2015 1:40:44 PM PDT · by Citizen Zed · 24 replies
    Chicago Tribune ^ | 5-13-2015 | Mary Ellen Podmolik
    A national fair housing organization has filed a complaint with the U.S. Department of Housing and Urban Development, charging that Fannie Mae is not properly caring for and marketing foreclosed homes it owns in nonwhite communities. The National Fair Housing Alliance alleges Fannie Mae violated the federal Fair Housing Act in nonwhite, working-class communities in the Chicago area as well as in 33 other metropolitan areas. Nineteen fair housing groups in various cities, including three in the Chicago area, joined the alliance in the complaint against Fannie Mae. "Fannie has more foreclosures in the United States than anybody else," said...
  • Not enough money? Baltimore got $1.8 billion from Obama Stimulus

    05/05/2015 1:40:52 AM PDT · by blueyon · 7 replies
    American Thinker ^ | 5/04/15 | Thomas Lifson
    Last Tuesday, President Obama blamed the GOP-controlled Congress for its failure to fund the “massive investment in urban communities” that could “make a difference.” Well, how does $1.8 billion for the 622,000 people of Baltimore sound? Pretty massive – actually, just about $2900 for every man, woman, child, and baby of the entire City of Baltimore. But that’s the total amount of Obama Stimulus money sent to Charm City, according to an analysis by The Free Beacon:
  • 1 in 4 US renters must use half their pay for housing costs

    05/02/2015 7:18:57 AM PDT · by BJ1 · 13 replies
    Associated Press ^ | 05/01/2015 | JOSH BOAK
    More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. That's the finding of an analysis of Census data by Enterprise Community Partners, a nonprofit that helps finance affordable housing. The number of such households has jumped 26 percent to 11.25 million since 2007. Since the end of 2010, rental prices have surged at nearly twice the pace of average hourly wages, according to data from the real estate firm Zillow and the Labor Department.
  • Welcome to rent control! 88,000 apply for 55 apartments

    04/21/2015 7:43:24 AM PDT · by SeekAndFind · 18 replies
    American Thinker ^ | 04/21/2015 | NewsMachete
    Eighty-Eight thousand people (so far) have applied for 55 low-rent apartments in a fancy new condominium building on Manhattan's upper west side. The lucky few could get a two bedroom apartment for less than $1100 a month in the West 60's of Manhattan. To get tax breaks, developers of luxury buildings make some units available at below market rent rates, and this is what happened here. But as you can see from the number of applicants, this program will never produce enough low income housing. Rent control is the biggest obstacle to building new affordable housing; that's why nearly...
  • Homeless Millennials Are Transforming Hobo Culture

    04/19/2015 4:40:50 PM PDT · by Libloather · 24 replies
    Newsweek via MSN ^ | 4/19/15 | Betsy Isaacson
    On Reddit, he’s /u/huckstah, an administrator on /r/vagabond, a subreddit with nearly 10,000 members—many of them identify as “homeless”—who trade skills and stories. On “the road and the rails,” he’s Huck, and even after we speak twice by cellphone, he tells me he’d prefer I don’t print his real name. “People say, ‘Well, you chose to become homeless.’ But that’s wrong,” he says. Huck says he’s been a hobo for upward of 11 years and started hopping trains and hitching rides at 18. “I did not choose to become homeless. If you want to say I chose to become homeless...
  • Homebuilders to begin 1,194-home community near Lake Lewisville (DFW area, Texas)

    04/19/2015 5:50:25 PM PDT · by 2ndDivisionVet · 43 replies
    The Dallas Business News ^ | April 8, 2015 | Candace Carlisle
    A group of homebuilders are beginning work on a project slated to bring about 1,194 homes to a 500-acre development along Lake Lewisville in Denton County, which is being developed by Charlotte-based Crescent Communities in partnership with Taylor Duncan Interests. The builders — K Hovnanian Homes, Highland Homes and MHI McGuyer Homebuilders — expect to soon begin construction on the model homes of the community, called Wildridge, with the first models completed by June. The homes will range in price from the $300,000s to the $500,000s. The homes will range from 1,800 square feet to 4,800 square feet of living...
  • Bill Clinton Housing Policy Wrecked Economy, Not the 1%

    04/17/2015 7:29:05 AM PDT · by SeekAndFind · 14 replies
    IBD ^ | 04/17/2015
    With typical gall, Hillary Clinton in her campaign launch lit into "those at the top" for "stacking" the deck against middle-class families when in fact they are buried under the house of cards built by her husband. Earth to Hillary: It wasn't the richest 1% or Wall Street bankers who crashed the economy and created financial wreckage from which working Americans "have fought" to dig themselves out of. No, that path to destruction was set by Bill Clinton and his social housing policies. The evidence is overwhelming that Clinton was the architect of the financial disaster that wiped out trillions...
  • Joe Biden Brags About His Income In Affordable Housing Speech

    04/08/2015 4:44:49 AM PDT · by Biggirl · 7 replies
    Breitbart.com ^ | April 8, 2015 | Breitbart News
    From CNS News: Speaking at the Department of Housing and Urban Development (HUD) in Washington, D.C. on Tuesday about affordable housing, Vice President Joe Biden said home ownership helped him pay for his children’s college education, even if that would not be the case today because of the amount of money he earns.
  • How will 3D printing alter the building industry?

    04/08/2015 1:29:39 AM PDT · by 2ndDivisionVet · 14 replies
    Construction DIVE ^ | April 6, 2015 | Sharon O'Malley
    A Chinese engineering firm that claims it built 10 houses in less than 24 hours last year using a 3D printer has unveiled the world’s tallest “printed” building. The five-story apartment building is on display next to a 1,100-square-foot mansion—also created on a 3D printer—in Suzhou Industrial Park in Jiangsu province. The mansion’s furniture and decorations also were made on a 6.6- by-10-meter tall printer, which uses an "ink" composed of glass fibers, steel, cement, hardening agents, and recycled construction waste to build one layer at a time for builders to assemble. The apartment building took a day to print...
  • United Van Lines Annual National Movers Study Shows Oregon Increases Lead as Top Moving Destination

    04/05/2015 1:01:01 PM PDT · by bgill · 35 replies
    United Van Lines ^ | Jan. 2, 2015 | unknown
    Oregon holds on to its title as “Top Moving Destination” and continues to pull away from the pack, while the Northeast loses residents for the third consecutive year. Those are the key findings from United Van Lines’ 38th Annual National Movers Study, which tracks customers’ migration patterns state-to-state during the course of the past year. The study found that Oregon is the top moving destination of 2014, with 66 percent of moves to and from the state being inbound — that’s a nearly 5 percent increase of inbound moves compared to 2013. Arriving at No. 2 on the list was...
  • Squatter living rent and mortgage free

    04/04/2015 6:16:10 AM PDT · by KeyLargo · 39 replies
    Fox 32 Chicago ^ | Apr 2, 2015 | Craig Wal
    CHICAGO (FOX 32 News) - Tinley Park squatter living rent and mortgage free The problem with squatters is hitting home in an upscale Tinley Park Subdivision. On Mallow Street where homes sell for $350,000 or more, a woman has been living in a house rent and mortgage free for two years. “It's very frustrating, our property taxes are very high, I work nights to pay mine and to help support my family. And I just see her coming and going without a care in the world it's enormously frustrating,” said neighbor Patti Yara. And no one is more frustrated than...
  • ( NYC ) City housing agency faces $98M shortfall

    03/29/2015 10:31:11 AM PDT · by george76 · 16 replies
    Crains - New York ^ | March 27, 2015 | Amanda Fung
    The beleaguered New York City Housing Authority said it faces a $98 million budget gap this year that will grow to $400 million by 2025 ... the "financial model for pubic housing is unsustainable." Meanwhile, the Daily News also reported that NYCHA sold off supplies that were needed for repairs and cleanup at its complexes across the city.