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Keyword: homeownership

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  • Nation of Renters

    08/04/2021 7:19:40 AM PDT · by Pelham · 17 replies
    Chronicles Magazine ^ | August 2021 | Pedro Gonzalez
    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. Entire neighborhoods are gobbled up as the stage is set for what John Burns Real Estate Consulting is calling “another speculative investor-driven home price bubble.” The firm estimates one...
  • What’s REALLY behind the war on home ownership? Becoming a “Nation of Renters” is clearly a big part of the New Normal.

    08/02/2021 9:56:59 PM PDT · by SeekAndFind · 31 replies
    Off Guardian ^ | 08/02/2021 | Kit Knightly
    The incipient “Great Reset” is a multi-faceted beast. We talk a lot about vaccine passports and lockdowns and the Covid-realated aspects – and we should – but there’s more to it than that.Remember, they want you to “own nothing and be happy”. And right at the top of the list of things you definitely shouldn’t own, is your own home.The headlines about this have been steady for the last few years, but it has picked up pace in the wake of the “pandemic” (as has so much else). An agenda hidden on back pages, behind by Covid’s meaningless big red...
  • Blackrock Is Buying Every Single Family House They Can Find, Paying 20-50% Above Asking Price And Outbidding Normal Home Buyers

    06/09/2021 8:36:40 PM PDT · by Enlightened1 · 86 replies
    Thread Reader ^ | 06/09/21
    <p>Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying...</p><p>So who is Blackrock? Only the worlds largest asset manager and the leading proponent of The Great Reset. Theyre looking to redistribute -Get this- $120Trillion dollars. The entire wealth of the worlds middle class and poor combined several times over.</p>
  • Joe Biden Declares War on Family Farms, Owner Occupied Businesses and Home Ownership

    05/19/2021 5:36:48 AM PDT · by george76 · 34 replies
    The Institutional Risk Analyst ^ | May 17, 2021 | R. Christopher Whalen
    Biden is seeking higher taxes on real estate transactions with gains of more than $500,000, a target aimed directly at the heart of small real estate investors, family farmers and owner-occupied businesses. In combination with his plans to eliminate step-up basis on the resolution of estates, the Biden tax proposal will greatly increase the cost of farmland and thus food prices, property prices and rental costs in some markets. The strategy on the political chopping block is the so-called like-kind or 1031 exchanges, which allow investors to defer paying taxes on real estate by rolling profits into their next property....
  • 74.7%: West Virginia Leads Nation in Homeownership Rate; New York and California Rank Last

    04/16/2020 12:42:05 PM PDT · by GuavaCheesePuff · 39 replies
    CNS News ^ | April 2019 | Terrence Jeffrey
    ( - West Virginia ranked No. 1 among the 50 states for its homeownership rate in 2018, which was 74.7 percent, according to new housing data released by the U.S. Census Bureau. New York and California ranked 50th and 49th with homeownership rates of 51.0 and 55.1, according to Table 15 in the Census Bureau’s Annual Statistics on Housing Vacancies and Homeownership. The Census Bureau calculates the homeownership rate by dividing the number of owner occupied housing units by the total number of occupied housing units.
  • The Responsible Solution to the Student Debt Crisis

    03/16/2020 7:09:58 AM PDT · by Kaslin · 24 replies ^ | March 16, 2020 | Robert Graham
    “There is no doubt that it is around the family and the home that all the greatest virtues, the most dominating virtues of human, are created, strengthened and maintained,” Winston Churchill said in 1948 on the birth of Prince Charles. Marriage and parenthood, in other words, are the bedrock of a healthy and flourishing society, but student debt has prevented young Americans from starting families. Millions of college students start their adult lives with tens of thousands of dollars—sometimes more—in debt weighing them down. The mounting pressure of debt looms large over their lives like a specter, affecting monumental life...
  • Realtors, developers worry about climate change — but buyers aren’t fretting just yet

    01/08/2020 9:37:58 AM PST · by qwerty1234 · 31 replies
    For the past six years, climate change has been on the bottom of the list of concerns for real estate industry professionals. Now it’s on top.
  • Why Your Beautiful Lawn Is now a Racist and Ecological Crime

    09/01/2019 2:44:09 PM PDT · by Tolerance Sucks Rocks · 50 replies
    Return to Order ^ | August 2019 | Edwin Benson
    Once again, a traditional symbol has become a target of those who attack private property rights and the American way of life. In this case, the symbol is the lawn – those closely-cropped grassy areas that surround most single-family homes. The basis for the attack is very typically environmentalism and racism. The messenger is an article in The New York Times. Its title is unassuming enough – “The Great American Lawn: How the Dream was Manufactured.” The vehicle is an embedded seven-minute film, produced by David Botti. The Attack The film’s first minute summarizes the environmental concerns: More water is...
  • Trump Administration Mulls a Unilateral Tax Cut for the Rich

    07/31/2018 3:54:38 AM PDT · by DoodleDawg · 102 replies
    New York Times ^ | 7/31/18 | Alan Rappeport and Jim Tankersley
    The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives. Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of the Group of 20 summit meeting in Argentina this month that his department was studying whether it could use its regulatory powers to allow Americans to account for inflation in determining capital gains tax liabilities. The Treasury Department could change the definition of “cost” for calculating capital gains, allowing...
  • Black Mortgage Applicants Denied at More Than Twice the Rate of Whites

    05/05/2018 1:24:31 PM PDT · by E. Pluribus Unum · 95 replies ^ | Apr. 19, 2018 | Sarah Mikhitarian
    In 2016, 20.9 percent of black borrowers and 15.5 percent of Hispanic borrowers were turned down for a conventional loan; at the same time, just 8.1 percent of white and 10.4 percent of Asian applicants were denied a conventional loan. Blacks in the mid-1990s were roughly twice as likely to be denied as whites. In 2016, blacks were 2.6 times as likely to be denied a conventional mortgage as whites. Borrowers in suburban areas had the best chances of being approved for a mortgage – 8.4 percent of all suburban homebuyers were denied for a conventional loan in 2016, while...
  • The Myth Of Owning Your Home And The American Dream

    08/29/2017 4:26:00 AM PDT · by gaggs · 56 replies
    Think You Own Home? Well You Don’t And Never Will! Even if you think you own your home free and clear, you really don’t own it at all. You lease it from the State and it sets the terms and conditions that allow you to occupy the house or sell it to another lessee. The State owns the house and land in perpetuity and you can not alter this arrangement.
  • Want to Afford a Home Quickly? Here are the Best College Degrees for Homeownership

    07/10/2017 12:02:52 PM PDT · by SeekAndFind · 63 replies
    New York Times ^ | 07/10/2017 | By MICHAEL KOLOMATSKY
    It’s commencement season, and a new crop of college graduates is entering the job market. How long will it take them to achieve the American dream of homeownership? looked at 336 college degrees to determine which would most quickly put their bearers in a financial position to buy a home. The site based its conclusions on typical early career salaries and a savings rate of 20 percent, with the goal of amassing $50,000, or a 20 percent down payment on a $250,000 home. Engineering degrees dominated the list, occupying 33 of the highest 50 rankings, with petroleum engineering at...
  • California’s war on the emerging generation: Joel Kotkin

    05/01/2017 11:59:30 AM PDT · by Tolerance Sucks Rocks · 14 replies
    The Los Angeles Daily News ^ | April 30, 2017 | Joel Kotkin
    It should be the obligation of older citizens to try to improve the prospects for their successors. But, here in California, as seen in a new report issued by the Chapman Center for Demographics and Policy, we seem to have adopted an agenda designed to make things tougher for them.Millennials everywhere face many challenges. The U.S. Census Bureau estimates that, even when working full-time, they earn $2,000 less than the same age group made in 1980. Nationwide, a millennial with a college degree and college debt, according to a recent analysis of Federal Reserve data, earns about the same as...
  • Far-Left 'Nation' and 'Rolling Stone' Columnist: 'Get Rid of Private Housing'

    12/14/2015 3:49:39 PM PST · by markomalley · 43 replies
    Newsbusters ^ | 12/14/15 | Tom Blumer
    One hesitates to give attention to Jesse A. Myerson. But it's probably worth it, if for no other reason to contend that many of his beliefs are likely shared by the mindless lemmings disguised as "journalists" who wildly cheered on Saturday when an obviously orchestrated "climate change" agreement designed ultimately to redistribute massive amounts of wealth from developed to underdeveloped countries — which would virtually guarantee that they will stay undeveloped — was announced in Paris. Almost two years ago, Myerson, whose experience includes "the Media and Labor Outreach committees at Occupy Wall Street," identified of "Five Economic Reforms Millennials...
  • Why Owning a House is Financial Suicide

    11/12/2015 11:23:52 PM PST · by Up Yours Marxists · 100 replies
    News.Com (Australia) ^ | November 13, 2015 08:32 GMT | James Altucher
    OWNING your own house is as much the Australian dream as the American dream, and it's one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise...
  • Proof home ownership costs more than renting

    09/01/2015 7:47:01 AM PDT · by SeekAndFind · 45 replies
    Business Insider ^ | 09/01/2015 | Erik Franks, John Burns Real Estate Consulting
    In most areas of the country, homeownership costs more than renting. Many economists with calculators claim the opposite, but the calculations and conclusions are often highly misleading. As is often the case, the devil is in the details. We recently reviewed one highly publicized calculation that owning was cheaper than renting in almost all markets. That calculation had a number of outdated assumptions, including: Outdated assumption #1: Buyers put down 20%. In reality, own versus rent is a first-time buyer decision, and the vast majority of first-time buyers today make down payments of 10% or less. Outdated assumption #2: Buyers...
  • Harvard: Home ownership at 20-year low, blacks suffer most

    07/07/2015 11:52:15 AM PDT · by xzins · 58 replies
    Washington Examiner ^ | 7/7/15 | PAUL BEDARD
    The American Dream of a home is slipping out of reach for millions of Americans, especially African Americans, as house sales hit a 20-year low, according to a new Harvard University study of the U.S. housing market. Instead, house-poor Americans are shifting to rentals with such speed that many areas can barely keep up with demand. Overall, home ownership, the cornerstone of the American Dream, is down to 63 percent, a far cry from the 69 percent registered in 2004. The Joint Center for Housing Studies of Harvard University's annual "State of the Nation's Housing" report said current home ownership...

    06/22/2015 9:54:51 PM PDT · by ForYourChildren · 3 replies
    U.S. Census Bureau News ^ | April 28, 2015 | Robert R. Callis, Melissa Kresin
    National vacancy rates in the first quarter 2015 were 7.1 percent for rental housing and 1.9 percent for homeowner housing, the Department of Commerce’s Census Bureau announced today. The rental vacancy rate of 7.1 percent was 1.2 percentage points (+/-0.4) lower than the rate in the first quarter 2014 and 0.1 percentage point (+/-0.3)* higher than the rate last quarter. The homeowner vacancy rate of 1.9 percent was 0.1percentage point(+/-0.2)* lower than the rate in the first quarter 2014and approximately the same as the rate last quarter (+/-0.1)*. The homeownership rate of 63.7 percent was 1.1percentage points (+/-0.4) lower than...
  • The home ownership trap

    04/27/2015 10:16:14 AM PDT · by SeekAndFind · 85 replies
    Hotair ^ | 04/27/2015 | Jazz Shaw
    Owning your own home and making it your castle is a key element of the American dream. Or is it? That’s become a more complicated question in recent years, particularly since the crash of 2007 and the bursting of the housing bubble well before that. Obviously the ability to own rather than rent can still be a very advantageous situation… for some people. But the reality is that it’s not the best choice for everyone, particularly if they are already in a tenuous financial situation. Stan Humphries of Zillow has an editorial at USA Today where he makes the...
  • US Homeownership Rate Drops To 1983 Levels: Here's Why

    10/28/2014 9:32:40 AM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 10/28/2014 | Tyler Durden
    The last time US homeownership declined down to 64.4% (which the Census Bureau just reported is what US homeownership declined to from 64.7% in Q2), was back in the fourth quarter of 1983. It goes without saying that this is about the bearishest news possible for those few who still believe in the American homewonership dream. Of course, those who have been following real-time rental market trends would be all too aware there is no rebound coming to the homeownership rate. The reason is simple: increasingly fewer can afford to buy, instead having no choice but to rent, which...