Keyword: housing

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  • House prices: Take a tour inside a Sydney micro apartment

    03/21/2017 7:04:25 AM PDT · by Twotone · 35 replies
    ABC Radio Sydney ^ | March 19, 2017 | Lucia Stein & Lawrence Champness
    With housing affordability a huge concern for many Sydney residents, one organisation is offering low- to middle-income earners the opportunity to live more cheaply in smaller spaces. Evolve Housing's initiative has already seen single people and couples making the switch to one-bedroom, one-bathroom places that are close to work but do not hurt the hip pocket. But can people actually live in a tiny apartment? The ABC took a tour inside one to see what it would be like.
  • Brown to highlight country’s infrastructure projects in Cincinnati

    03/07/2017 7:43:31 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Hamilton Journal-News ^ | Feburary 13, 2017 | Michael Pitman and Ed Richter
    CINCINNATI - U.S. Sen. Sherrod Brown, D-Ohio, will highlight in downtown Cincinnati this morning key infrastruture projects, such as the Brent Spence Bridge, as he outlines a framework to rebuild and repair the country’s infrastructure which will create millions of construction jobs. The northern Ohio Senator will be joined by Cincinnati Mayor John Cranley, Port of Greater Cincinnati Development Authority President and CEO Laura Brunner, and OKI Regional Council of Governments Deputy Executive DirectorRobert Koehler. President Donald Trump previously promised $1 trillion of investment in American infrastructure during his campaign. Brown joined Senate colleagues to release a roadmap for making...
  • It’s official: Ben Carson confirmed as HUD secretary

    03/02/2017 7:40:49 AM PST · by SeekAndFind · 53 replies
    Housing Wire ^ | 03/02/2017 | Brena Swanson
    Ben Carson is now officially confirmed as secretary of the Department of Housing and Urban Development, following the Senate vote Thursday morning. The approval locks in one of the few remaining cabinet members left to be approved. The Senate floor voted the day before on the motion to invoke cloture on the nomination of Carson, passing the vote 62-37. The significant majority vote gave Carson a likely green light to be confirmed on Thursday. Despite a controversial start to his nomination, it turned out to be all bark and no bite as his hearing went fairly smooth. The former neurosurgeon...
  • Investors in America's housing-finance giant lose in court (Fannie and Freddie)

    02/26/2017 6:24:16 PM PST · by Lorianne · 9 replies
    Economist ^ | 25 February 2017
    One unresolved issue from the financial crisis is the future of Fannie Mae and Freddie Mac, the two firms that stand behind much of America’s housing market. Fannie and Freddie purchase mortgages, bundle them into securities and sell them on to investors with a guarantee. When America’s housing market collapsed a decade ago, the government had to bail them out. Its treatment of the firms since then has created a titanic legal struggle. Shareholders have cried foul. On February 21st, a federal appeals court upheld a ruling in the government’s favour. At issue is the Obama administration’s decision in 2012...
  • To keep their artists, cities explore affordable housing

    02/26/2017 4:28:20 PM PST · by 2ndDivisionVet · 24 replies
    The Watertown Daily Times ^ | February 26, 2017 | Stateline.org
    NEW ORLEANS — At 75, Deacon John Moore considers himself one of the lucky ones: The scion of three generations of music-making Creoles, he’s been able to sustain himself with his guitar, raise a family, buy a house. Most other musicians here, he says, aren’t so fortunate. He’s tooling around the streets of Treme — one of the nation’s oldest black neighborhoods and the birthplace of jazz — in his ancient Volvo, pointing out all the gentrified houses, the ones with the jacked up rents. Everybody wants to live here now, he said. New Orleans is enjoying a renaissance 12...
  • Housing and Labor Law

    02/25/2017 11:47:30 AM PST · by rey · 7 replies
    25 Feb 2017
    My former employer is trying to make me pay for repair to labor housing. I was REQUIRED to live on the job site and be on call. When one is required to live in labor housing, it does NOT count as income, either federally or in state law. There also was no lease/tenancy agreement which would suggest it was a landlord tenant arrangement. There was no payment for the home in anyway. My understanding is as the house is essentially part of the work place, labor is not required to pay for rehabing the place(paint, new carpet, flooring, etc.) or...
  • HUD NEEDS FAITH INITIATIVES TO SHRINK POVERTY

    02/24/2017 9:40:02 AM PST · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 02/24/17 | John Anthony
    Programs like Joseph Project, the Miss Mary Project create real sustainable success that can blossom into prosperity and change lives. If HUD will use their vast communications network to support those community efforts, we will shrink poverty Since the 1964 Civil Rights Act was passed, The Department of Housing and Urban Development (HUD) has expanded its mandate to enforce these laws by labeling everything that is not equal, from the educational experience and housing, to the relative wealth of your residential zip code, as discriminatory.
  • Georgetown to students: Stop inviting inauguration protesters to stay on campus

    Tipped off to the students’ plans for the Women’s March by Campus Reform, administrators including Chief of Police Jay Gruber emailed the campus to say they aren’t allowed to “sublease or rent” their campus residences for the inauguration on platforms such as Airbnb.
  • Elizabeth Warren Asked Ben Carson To Promise Trump Won’t Get Money Intended To Help Poor. He Refused

    01/12/2017 12:12:00 PM PST · by SeekAndFind · 74 replies
    Huffington Post ^ | 01/12/2017 | Zach Carter
    During his confirmation hearing Thursday, Ben Carson repeatedly refused to guarantee that money from the Department of Housing and Urban Development would not go to benefit President-elect Donald Trump or his family. “Among the billions of dollars that you will be handing out in grants and loans, can you just assure us that not one dollar will go to benefit either the president-elect or his family?” Sen. Elizabeth Warren (D-Mass.) asked. “I can assure you that the things that I do are driven by a sense of morals and values,” Carson responded. “And therefore I will absolutely not play favorites...
  • Why School Districts Are Operating as Landlords ( Colorado and )

    01/06/2017 6:28:38 AM PST · by george76 · 18 replies
    The Atlantic ^ | 1-6-2017 | Ann Schimke
    Rising housing costs in Colorado are making it hard for teachers to stay in the area, so officials are moving in to help. As Colorado’s housing costs skyrocket, a growing number of school districts, local leaders, and lawmakers are taking steps to make housing more affordable for teachers and staff. For years, resort communities like Aspen, Colorado, and a rural district in the state’s Eastern Plains have leased housing to employees at below-market rates. More recently, subsidized housing for educators has cropped up in pricey urban areas such as San Francisco, Boston, and Baltimore. But lately, Colorado districts big and...
  • Yale's Shiller: Trump's 'Living Big, Living Large' Will Boost Housing

    12/27/2016 2:08:22 PM PST · by 2ndDivisionVet · 12 replies
    NewsMax Finance ^ | December 27, 2016 | F. McGuire
    Nobel laureate economist Robert Shiller says President-elect Donald Trump is showing Americans how to live large and love it. "We used to be more into modest living," the Yale professor told CNBC, speaking about the years after the financial crisis. "Now people are thinking, '[that] doesn't work.' You know? You have to live big-league and you're on your way," Shiller said. Shiller said the excitement is visible at Trump rallies and in the stock market. Shiller's comments add to budding sentiment that America's new billionaire-in-chief — with his gold-plated penthouse, private jumbo jet and multiple mansions — could shift U.S....
  • San Fran Billionaire Luanches Plan To House Homeless In Shipping Containers

    12/22/2016 9:20:24 AM PST · by Perseverando · 49 replies
    ZeroHedge.com ^ | December 21, 2016 | Tyler Durden
    Last year we noted, via the Liberty Blitzkrieg blog, that rents in San Francisco and surrounding areas had grown so out of control that even Ivy Leaguers, like 31 year old Luke Iseman of The Wharton School, were having a hard time making ends meet. After growing tired of renting a run down, tiny apartment for $4,200 per month, Iseman decided to take a novel approach to housing. So he rented out a warehouse space and filled it with 11 steel shipping containers that he now rents out as makeshift apartments for $1,000 per month. We learn more from Bloomberg:...
  • Burn Down the Suburbs?

    12/08/2016 7:17:21 PM PST · by Ray76 · 25 replies
    National Review Online ^ | Aug 1, 2012 | Stanley Kurtz
    Obama is not a fan of America’s suburbs. Indeed, he intends to abolish them. Obama is a longtime supporter of “regionalism,” the idea that the suburbs should be folded into the cities, merging schools, housing, transportation, and above all taxation. One of Obama’s original trainers, Mike Kruglik, has hived off a new organization called Building One America In July of 2011, Kruglik’s Building One America held a conference at the White House. The ultimate goal [] is quite literally to abolish the suburbs. One approach is to force suburban residents into densely packed cities by blocking development on the outskirts...
  • Half of asylum seekers complain UK housing funded by YOU is 'completely inadequate'

    11/26/2016 8:35:27 PM PST · by Tolerance Sucks Rocks · 29 replies
    The Express ^ | November 26, 2016 | Jon Austin
    EXCLUSIVE: FIFTY percent of asylum seekers surveyed about the quality of housing they have been provided, which is paid for by the taxpayer, have branded it as "completely inadequate", it has emerged. Refugees housed across Birmingham and the West Midlands were quizzed about the standard of accommodation they were provided and a further 17 per cent described it as just "mediocre". The properties were provided by G4S, one of three companies hired by the Home Office to provide asylum seeker accommodation up and down the country. Just 11 percent of people asked said the housing was excellent, eight percent described...
  • Brexit boosts Danish housing market

    10/05/2016 7:06:17 AM PDT · by Olog-hai · 4 replies
    TheLocal.dk ^ | 05 Oct 2016 11:50 GMT+02:00
    New figures from Statistics Denmark show that home prices increased by nearly two percent in July, the latest month for which numbers are available. The national average for single-family houses roses by 1.6 percent, while apartment prices increased by 1.4 percent over the month before. The jump is even greater, at 2.2 and 2.3 percent respectively, when the period of May to July is compared with February to April. …
  • Wow! MN Housing Board to Pay Monthly Rent for Migrants Traveling Back to East Africa

    10/01/2016 5:38:45 PM PDT · by blueyon · 23 replies
    the gateway pundt ^ | 10/01/16 | Jim Hoft
    Wow! MN Housing Board to Pay Monthly Rent for Migrants Traveling Back to East Africa Jim Hoft Oct 1st, 2016 1:02 pm 188 Comments somali muslims minnesota Somali Muslims at a town hall event in Minnesota. The Minneapolis Housing Authority passed legislation this week that will allow migrants to skip their monthly rent in Minnesota when they travel back home to East Africa. The move was sought by local East African immigrants. Immigrants traveling for 30 to 90 days could apply for a hardship which will reduce their rent to $75 a month while they are gone. The Star Tribune...
  • Rent Prices Down in San Francisco, San Jose

    09/27/2016 6:25:08 PM PDT · by nickcarraway · 17 replies
    KTVU ^ | SEP 26 2016
    A new report out shows rent prices are falling in several Bay Area cities. The trend for rent prices has been up for such a long time but in San Francisco, rent came down by 6 percent last month. Abodo, an apartment search website, released a new study showing where the biggest increases and decreases were in rents for one bedroom apartments across the country. >>>Click here to see the report. Rent in San Francisco between August to September went from around $3,950 a month to around $3,700. In San Jose, the news was better. It ranked number two in...
  • Why Canadians Are Being Offered Cash to Abandon Their Homes

    09/23/2016 10:17:52 AM PDT · by Lorianne · 23 replies
    Source material cannot be posted to FR | 21 September 2016
    see link in below
  • The terrifying signs of a looming housing crisis

    09/21/2016 7:36:53 AM PDT · by ChicagoConservative27 · 28 replies
    The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records show. There were 82,306 applications for one-time emergency grants to prevent evictions in fiscal 2016, up 26 percent from 65,138 requests the previous year, according to the Mayor’s Management Report. The city’s fiscal year runs from July 1 to June 30. Without the aid — which comes from city funds and was approved in roughly two-thirds of the cases — even more families would likely have entered...
  • Jobless Immigrants Feel 'Neglected' In Great Britain After Being Offered 5-Bedroom Home

    09/08/2016 7:44:03 PM PDT · by Tolerance Sucks Rocks · 21 replies
    MRC TV ^ | September 7, 2016 | Brittany M. Hughes
    A French immigrant family that voluntarily moved to Great Britain is now complaining about their housing conditions, saying the five-bedroom home they were offered courtesy of the British taxpayer is too small because it “doesn’t even have a dining room.” The Daily Mail reports the Sube family moved from France to Britain in 2012 so the father, 33-year-old Arnold Mballe, could study mental health nursing at the University of Bedfordshire. His wife, Jeanne, is reportedly a stay-at-home mother who, like her husband, is not employed. The couple has eight children. After having been housed by the Luton Borough Council first...
  • How construction unions helped kill Gov. Brown's plan to fight the housing crisis

    09/06/2016 10:10:05 AM PDT · by Lorianne · 5 replies
    It was the boldest California housing policy proposal in years: Allow any residential project that complies with local zoning and sets aside as few as five percent of its units as affordable to be built “as of right,” removing review from local municipalities. The idea was to fast-track approvals and reduce the cost of building as the state struggles with a crushing housing crisis. But after three months of debate and widespread opposition, the proposal by Gov. Jerry Brown, meant to boost the state’s housing production in the face of record-high housing prices, appears to be dead. … Dozens of...
  • Cleanup underway

    08/18/2016 1:53:56 PM PDT · by SandRat · 3 replies
    Sierra Vista Herald ^ | Derek Jordan
    SIERRA VISTA — City and Cochise County officials and the owner of several properties in the Fry Townsite have agreed upon the basis of a deal which would ultimately result in the clearing away of dozens of dilapidated mobile homes and junk vehicles from the county enclave. The final details of the deal are still being fine-tuned and will have to be accepted by a federal bankruptcy court, but after months of negotiations between property owner Lane Balmer and Mary Jacobs, assistant city manager of Sierra Vista, as well as Britt Hanson, chief civil deputy attorney for the Cochise County...
  • A Quick Brief on the Housing Recovery in Michigan

    08/15/2016 12:10:59 PM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 8/10/2016 | James Hohman
    Housing prices in Michigan have recovered from the Great Recession. The price of the average home sale in Michigan in the first six months of 2016 was $147,323. This is the highest since 2006, and approaching record levels. Other state housing value indicators are up as well. The federal Housing Finance Authority’s house price index says that Michigan’s values increased 33.6 percent from the first quarter of 2010 to the first quarter of 2016. That’s the seventh-highest increase among the states. The growth of housing values is a good thing for homeowners and landlords. But it also is driving a...
  • US Homeownership Rate Crashes To Lowest Since 1965

    07/28/2016 9:00:33 AM PDT · by Rockitz · 27 replies
    ZeroHedge.com ^ | 28 July 2016 | Tyler Durden
    In hopes of promoting the narrative of a US housing recovery, one recurring thesis has been that as Millennials get older and start families, they will eventually leave their parents' basement and buy a house or shift from renting to owning. So far the facts have refused to corroborate this, and according to the latest "Housing Vacancies and Homeownership" report released on Thursday, the dream of owning a home just became even more distant. The reason: after staging a feeble rebound in late 2015, the US homeownership rate just tumbled from 63.5% to 62.9%, tied for the lowest print going...
  • Millennials Cause Home Ownership to Drop to It's Lowest Level Since 1965

    07/28/2016 1:21:21 PM PDT · by GuavaCheesePuff · 77 replies
    NBC News ^ | July 28, 2016 | Diana Olick
    After rising just over a decade ago to its highest level ever, the nation's home ownership rate fell to match its all-time low and could drop even further in the months to come. In the second quarter of this year, the rate fell to 62.9 percent, not seasonally adjusted, which is the same as it was in 1965, when the U.S. Census started tracking the metric. During the epic housing boom in the mid-2000s, the rate soared as high as 69.2 percent. That was when politicians touted the so-called "ownership society."
  • How high can China’s population possibly go? Ambitious urban plan to house 3.4 billion people [tr]

    07/18/2016 7:46:34 AM PDT · by C19fan · 28 replies
    South China Morning Post ^ | July 15, 2016 | Zhuang Pinghui
    Ambitious expansion plans by small and medium towns across China have lead to the creation of more than 3,500 “new areas” for residential and economic use raising fears many are destined to become ghost towns. The combined projected population of these new areas is an “impossible” 3.4 billion people – 2.5 times the current number of people in the country, experts say. The world’s population today stands at 7.3 billion, according to the US Census Bureau.
  • The Fire Sprinkler War

    07/13/2016 11:56:44 PM PDT · by Don W · 50 replies
    propublica.org ^ | June 22, 2016 | Robert Faturechi
    FOR MORE THAN 20 YEARS, states have quickly adopted most building safety features blessed by the Washington-based nonprofit that recommends minimum codes for the nation. But that’s not what happened after the International Code Council decided in 2008 that every new American home should have fire sprinklers. Fire Fight Far outside DC, there’s a campaign finance fight taking place over fire safety. And it’s putting families at risk. Instead, a review by ProPublica shows, U.S. homebuilders and realtors unleashed an unprecedented campaign to fend off the change, which they argued would not improve safety enough to justify the added cost....
  • Pending Home Sales Sink 3.7%, Last Month Revised Way Lower, GDP Will Follow

    07/01/2016 5:59:25 PM PDT · by Lorianne · 3 replies
    Mish Talk ^ | 29 June 2016 | Mike “Mish” Shedlock
    Pending home sales dove 3.7%, well below the Bloomberg Econoday consensus estimate of -1%, and even below the bottom estimate of -2.4% The bad details continue, as last month’s huge rise of 5.1% was lowered to 3.9%. “Highlights Existing home sales have been trending higher but today’s pending home sales index, which tracks contract signings, may be pointing to slowing for the early part of the summer. The index fell a steep 3.7 percent in the May report to nearly reverse a downward revised 3.9 percent jump in April. Year-on-year, the pending sales index is down 0.2 percent which hints...
  • Obama Feasts on Ignorance to Devour Property Rights

    06/27/2016 7:37:34 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 06/27/16 | John Anthony
    If freedom holds any value, we must educate our neighbors to the link between property and human rights, and the dangers of a government that can peel off either on a whim President Obama is successfully executing the most dangerous seizure of individual choice in our history because Americans are growing blind to the bond between property rights and human rights. While farm owners surrender their land development rights to governments, federal agencies relocate affordable housing next to million dollar homes, and declare entire neighborhoods discriminatory.
  • Countrywide Mortgage Devastation Lingers as Ex-Chief Moves On

    06/25/2016 12:17:28 PM PDT · by Reverend Wright · 15 replies
    NY Times ^ | June 24, 2016 | Gretchen Mogensen
    Angelo Mozilo can finally get on with his life. This month the Justice Department told Mr. Mozilo, the former chief executive of Countrywide Financial, once the nation’s largest subprime mortgage lender, that he was no longer under investigation in connection with civil mortgage fraud. The government’s criminal inquiry into Mr. Mozilo’s role in the financial crisis was dropped previously, so he is now in the clear. At least that’s the view from Washington. On Main Street, where the pain of Countrywide’s reckless lending and abusive foreclosure practices still throbs, it’s safe to say that Mr. Mozilo is still identified as...
  • California's skyrocketing housing costs, taxes prompt exodus of residents

    06/23/2016 3:53:15 PM PDT · by Clintonfatigued · 58 replies
    The San Jose Mercury News ^ | June 20, 2016 | George Avalos
    During the 12 months ending June 30, the number of people leaving California for another state exceeded by 61,100 the number who moved here from elsewhere in the U.S., according to state Finance Department statistics. The so-called "net outward migration" was the largest since 2011, when 63,300 more people fled California than entered. "The main factors are housing costs in many parts of the state, including coastal regions of California such as the Bay Area," said Dan Hamilton, director of economics with the Economic Forecasting Center at California Lutheran University in Thousand Oaks. "California has seen negative outward migration to...
  • Portland Votes on Foreclosures for First Time in 50 Years

    06/18/2016 5:04:42 PM PDT · by Lorianne · 14 replies
    ABC News ^ | 15 June 2016 | gillian flaccus
    The Portland City Council voted Wednesday to move forward with a plan to foreclose on so-called "zombie homes" for the first time in 50 years as the city grapples with a swelling population and skyrocketing home costs that are locking new homeowners out of the market. Commissioners and the mayor voted 4-0 in favor of the plan, with one member absent. The vote targets five of the city's worst abandoned properties, the first part of a long-term plan to free up housing in an overheated market while clearing out squatters who have plagued developing neighborhoods outside the city's hip core...
  • Why there’s a new kind of housing crisis

    06/17/2016 11:42:06 AM PDT · by Lorianne · 23 replies
    Market Watch ^ | 16 June 2016 | Andrea Riquier
    Nearly one-third of survey respondents said they’d had to scramble to cover a mortgage or rent payment in the past few years __ A vast majority of respondents – 81% - said housing affordability is a problem, and one-third said they or someone they know has been evicted, foreclosed on, or lost their housing in the past five years. Over half the respondents, 53%, said they’d had to make sacrifices over the past three years to be able to pay their mortgage or rent. Yet most respondents believe the housing problem is solvable, and want policymakers to address it. Nearly...
  • Remembering the Forsaken A Review of the book The Forsaken An American Tragedy In Stalin’s Russia

    04/22/2010 10:09:29 AM PDT · by GonzoII · 8 replies · 297+ views
    Tradition Family and Property ^ | Francis Slobodnik | Tuesday, 12 January 2010
    Remembering the Forsaken Written by Francis Slobodnik    Tuesday, 12 January 2010 18:51   A Review of the book The Forsaken, An American Tragedy In Stalin’s Russia by Tim Tzouliadis     In times of social and political turmoil, it is not uncommon for men to grasp for what appear to be easy solutions. Oftentimes, these impulsive decisions can have disastrous consequences. There is nothing meritorious about change in and of itself. The virtuous person prayerfully reasons through the options before making decisions. Men with little virtue grab desperately for anything that, on the surface, appears will improve their...
  • The Tudor Plain [Trump's developer father]

    06/04/2016 12:17:17 PM PDT · by Lorianne · 18 replies
    Urban Omnibus ^ | 01 June 2016 | Thomas J. Campanella
    Showboating is something we expect from Donald Trump, but his father Fred was no shrinking violet himself. He even used a real boat to advertise his goods — a 65-foot cabin cruiser bearing hoardings with TRUMP HOMES spelled in ten-foot-tall letters. Trump’s houses were cozy, well made, and — more than anything — affordable even to working-class families. He reduced construction costs by using the same economies of scale that made the Model T automobile so inexpensive. Known in the industry as “the Henry Ford of housing,” he applied techniques of mass production to home construction a full decade before...
  • Meet the Man Who Saves Futures

    05/31/2016 8:37:04 AM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 05/31/16 | John Anthony
    County Executive for Westchester County NY, Rob Astorino If information is power, Rob Astorino has enough to shatter the administration’s media halo and send HUD officials slithering behind their stacks of regulations. Astorino is the County Executive for Westchester County, NY, an upscale community north of NYC that is home to Andrew Cuomo, George Soros, Hillary and Bill Clinton to name a few. In the name of fair housing, HUD is now implementing the most abusive, property-rights-grabbing, local-rule-neutering regulation since our Founders cast off monarchical handouts for natural rights
  • Seattle's homeless crisis episode 8: Aloha and good riddance to Share and Wheel

    05/30/2016 5:58:23 PM PDT · by mainestategop
    Mainestategop ^ | Brian Ball
    On highway 99 north of Seattle past Denny Way and the space needle is what was once an abandoned hotel that was later taken over by homeless people and made into a community living center and halfway home for the homeless. It is run by the homeless and formerly homeless and is a shining beacon of what personal responsibility, initiative and Christian love can accomplish. Aloha was originally started by SHARE with help from Catholic charities and the archdiocese of Seattle in 1990. At the time, SHARE was in its infancy when share was made up of sturdy yet responsible...
  • The last time there were this many unsold $100M+ homes on the market, the world economy imploded

    05/30/2016 6:18:16 PM PDT · by SoFloFreeper · 48 replies
    boing boing.net ^ | 5/30/16 | Cory Doctorow
    Depending on how much credence you give to "whisper listings," there are between 27 and 50 $100,000,000+ houses on the market; last year, only two houses in that bracket sold worldwide. The glut of super-duper-ultra-luxury houses on the market worries economy-watchers, who view the oversupply as a bellwether for a housing crash -- the last glut (which wasn't nearly as pronounced as the current one) was in 2007/8.
  • Are the Clintons the Real Housing Crash Villains?

    05/29/2016 7:41:31 AM PDT · by Kaslin · 44 replies
    Townhall.com ^ | May 29, 2016 | Larry Kudlow
    Editor's note: This column was co-authored by Stephen Moore. We are going to reveal the grand secret to getting rich by investing. It's a simple formula that has worked for Warren Buffett, Carl Icahn and all the greatest investment gurus over the years. Ready? Buy low, sell high. It turns out that Donald Trump has been very, very good at buying low and selling high, and it helps account for his amazing business success. But now Hillary Clinton seems to think it's a crime. Campaigning in California last week she wailed that Trump “actually said he was hoping for the...
  • (Look at Republican) Support (for) Obama’s War on Suburbs

    05/27/2016 7:37:48 AM PDT · by HomerBohn · 28 replies
    CR Conservative Review ^ | 5/19/2016 | CR Staff
    Vote Description This vote was a procedural vote to kill an amendment offered by Senator Lee that would have defunded implementation of a Department of Housing and Urban Development rule that basically federalizes zoning laws and encourages the forced economic diversification of neighborhoods. Rhetorically speaking this rule is a war on the suburbs as it uses the power of federal government to centrally plan out neighborhoods. The rule is a massive power grab by progressive bureaucrats to allow them to conduct large scale social experiments with real neighborhoods by forcing the collection of data that will be used to evaluate...
  • Gov. Jerry Brown's sledgehammer fix to California's housing crisis

    05/27/2016 8:40:53 AM PDT · by ChicagoConservative27 · 24 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...