[Pelham]

the Biden administration declared war on the suburbs, setting its sights on single-family zoning. Its killing machine is the Department of Housing and Urban Development.

The first shot was fired with the reinstating of an Obama-era fair housing rule temporarily undone under former President Donald Trump. Its purpose is to enforce the 1968 Fair Housing Act, which had already undermined constitutional property protections. The new rule to “affirmatively further fair housing” gives it lethal teeth.

Euphemistically put by HUD Secretary Marcia L. Fudge, the rule “will require every local government that accepts federal housing dollars to make concrete and meaningful commitments toward affirmatively furthering fair housing.” Plainly put, communities that don’t comply with the racial equity agenda by refusing to allow high-rise apartments, low-income housing, and high-density zoning in their neighborhoods will lose billions in federal funding. Under this thinking, a safe, clean community is a symptom of the disease of “structural racism”; blighting it with the squalor and anomie of the city is the cure.

“A house with a white picket fence and a big backyard for a Fourth of July barbecue may be a staple of the American dream,” explains a sympathetic USA Today reporter, “but experts and local politicians say multifamily zoning is key to combating climate change, racial injustice and the nation’s growing affordable housing crisis.”

Resistance is not only futile—it is “racist,” and HUD will financially strangle communities that resist their dispossession.

[joshua c]

you will own nothing and be happy....OR ELSE!

[HighSierra5]

Buy a piece of flat land or mountainous and build on it while you can. It’s the cheapest way to go.

[SaxxonWoods]

Writer left out the mot important part, past and current home ownership levels.

Wiki:

The home-ownership rate in the United States[1][2] is the percentage of homes that are owned by their occupants.[3] In 2009, it remained similar to that in some other post-industrial nations[4] with 67.4% of all occupied housing units being occupied by the unit’s owner. Home ownership rates vary depending on demographic characteristics of households such as ethnicity, race, type of household as well as location and type of settlement. In 2018, home-ownership dropped to a lower rate than it was in 1994, with a rate of 64.2%.[5]

Since 1960, the home-ownership rate in the United States has remained relatively stable. It has decreased 1.0% since 1960, when 65.2% of American households owned their own home. Additionally, homeowner equity has fallen steadily since World War II and is now less than 50% of the value of homes on average.[6] Home-ownership was most common in rural areas and suburbs, with three quarters of suburban households being homeowners.

[Organic Panic]

And in completely unrelated news the CDC declared an eviction moratorium, again...

A dump of a house a few doors down from my mothers sold for over 200k above asking price sight unseen. Every single house in that neighborhood is going within an hour way above asking. That neighborhood is definitely being targeted. There is no way the people I see walking that neighborhood can afford to buy at those prices.

[bgill]

double what the middle class can afford

So, who's buying? Go down the street and purchase a reasonably priced home.

[Sam Gamgee]

Can I explain how much I hate JP Morgan, Goldman Sachs, and hedge funds, ect. They don’t build or create anything, and then lay bets and counter bets against average Americans.

[clearcarbon]

"Ordinary Americans are increasingly competing for a roof over their heads against the permanent capital of companies such as BlackRock and J.P. Morgan Asset Management, which are buying single-family homes from real estate developers at double what the middle class can afford. Indeed, the country’s largest homebuilders are betting on America becoming a nation of renters, pouring billions into the built-to-rent sector with the backing of banks and private investment firms."

Ordinary Americans who cannot afford home ownership will be subsidizing rent for the imported democrats needed to fill those rented properties.

[x]

Given all the trouble JP Morgan had with the government a century ago, it's surprising that they'd be doing something like this.

Or maybe not.

[mewzilla]

If you own a house in a state with property taxes, you’re STILL a renter.