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Keyword: housing

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  • House-flipping is down, Wall Street Journal frets

    12/11/2018 8:59:22 AM PST · by SeekAndFind · 29 replies
    American Thinker ^ | 12/11/2018 | Jack Hellner
    The Wall Street Journal reports that speculation on housing by house-flippers is down, and the writers seem to treat that as a bad sign for housing. Small-time investors who flooded into real estate in the past decade to take advantage of low borrowing costs and rising home values are starting to cut back. The moves indicate that the market's short-term risk-takers see limited upside – and possible turbulence – ahead. I believe that it is actually an excellent thing when speculative bubbles get gradually deflated. If the speculative bubbles deflate naturally and gradually, there is much less risk of a...
  • California solar mandate to make housing and electricity even more expensive

    12/10/2018 9:01:28 AM PST · by SeekAndFind · 17 replies
    American Thinker ^ | 12/09/2018 | Thomas Lifson
    State and local governments in California have made housing there far more expensive than it needs to be.  Developers rightly complain of regulations at both state and local levels that make housing construction unreasonably difficult and expensive.  California's cities are filling up with homeless people living on the streets or in encampments whose nonexistent sanitary facilities and rampant drug abuse make them public health dangers. As of last week, a new and burdensome regulation has made constructing a new housing unit even more expensive, by at least $10,000, the lowball estimate of the bureaucrats administering the new regulation, or up to...
  • Minneapolis 2040 Comprehensive (Housing/Urban Density) Plan likely to pass, council members say

    11/25/2018 9:44:42 PM PST · by CondoleezzaProtege · 19 replies
    Star Tribune ^ | Nov 2018 | Miguel Otárola
    A controversial plan to make Minneapolis a more densely populated city has enough support on the City Council to pass when it comes to a vote next month, council members said this week. Six council members reached by the Star Tribune indicated they would vote in support of the Minneapolis 2040 Comprehensive Plan on Dec. 7. It needs nine votes to pass, but even Council Member Linea Palmisano, who opposes the 2040 plan, believes it will move forward. The 2040 plan would usher in citywide upzoning, allowing triplexes in neighborhoods currently reserved for single-family homes, and denser development along transit...
  • Farm-fresh housing in Silicon Valley: Innovative plan to combine housing, farmland nears vote

    11/08/2018 8:57:35 AM PST · by ProtectOurFreedom · 30 replies
    San Jose Mercury News ^ | 10/28/18 | Marisa Kendall
    In a first for the Bay Area, developers hoping to break ground on a new housing complex next year are wooing potential residents by offering a quirky but increasingly popular perk. It’s not a golf course, health club or even a pet spa — the big draw will be a farm, and access to all the tomatoes, zucchini and kale you can eat. The “Agrihood” development plan heading to the Santa Clara City Council for a vote as early as next month calls for 361 homes and a small farm to be built on vacant land across the street from...
  • A History Lesson

    11/03/2018 3:13:11 AM PDT · by sodpoodle · 8 replies
    email | 11/2/2018 | unnown
    Rebuilding New Orleans after Katrina often caused residents to be challenged to prove home titles back hundreds of years. That is because of community history stretching back over two centuries during which houses were passed along through generations of family, sometimes making it quite difficult to establish a paper trail of ownership. A New Orleans lawyer sought a FHA rebuilding loan for a client. He was told the loan would be granted upon submission of satisfactory proof of ownership of the parcel of property as it was being offered as collateral. It took the lawyer 3 months, but he was...
  • As the housing market stagnates, American homeowners are staying put for the longest stretches ever

    10/29/2018 10:57:45 AM PDT · by dennisw · 65 replies
    marketwatch ^ | Oct 29, 2018 | marketwatch
    Housing-market headwinds are keeping American homeowners in their properties for the longest stretches on record, in a sharp distortion of the mobility Americans have for decades prized. Across the country, homes that sold in the third quarter of this year had been owned an average of 8.23 years, according to an analysis from Attom Data Solutions. That’s almost double the length of time a home sold in 2000, when Attom’s data begin, had been owned. It’s partly the long tail of the housing crisis that’s created stagnant conditions and a less dynamic housing market, Attom spokesman Daren Blomquist told MarketWatch....
  • Living in Military Family Housing or Living Off-Base (Away from predatory mortgage brokers)

    10/28/2018 1:05:39 PM PDT · by Hostage · 58 replies
    The Balance Careers ^ | August 08, 2018 | BY ROD POWERS
    Members who have dependents usually have the option of living on-base in the military family housing for free, or off-base and receive a monthly housing allowance. Members who are assigned to locations where dependents are not allowed to travel at government expense (such as basic training, and some unaccompanied overseas assignments) can live in the barracks for free, and still continue to receive the housing allowance (for the location of their dependents), in order to provide a household for their family members. At some bases, members may not have a choice. When I was stationed at Edwards Air Force Base,...
  • Rent Control, Prop. 10, and the Law of Unintended Consequences

    10/26/2018 7:43:49 AM PDT · by SeekAndFind · 8 replies
    American Thinker ^ | 10/26/2018 | Adam B. Summers
    Rent control is a classic example of the law of unintended consequences. When Californians scan their ballots for the November 6 election and consider Proposition 10, which would allow local governments to impose and expand rent control laws, they should consider the long-term harms the measure would inflict on housing quantity, quality, and affordability. Rent control is a textbook example of a price ceiling, in which prices are capped below market rates (i.e., where supply and demand are left free to interact). As those Econ 101 textbooks will show you, many more people will demand housing at these lower prices,...
  • Rats The Size Of Cats?? NYCHA Tenants Have Video To Prove It

    10/16/2018 1:44:50 PM PDT · by Red Badger · 85 replies
    newyork.cbslocal.com ^ | October 15, 2018 at 6:19 pm | Staff
    NEW YORK (CBSNewYork) — Furious tenants of a public housing project in the Bronx were pleading for help Monday, saying their buildings are overrun with rats — and they’re not kidding. They have the video to prove it. But we should warn you, the pictures are not for the squeamish. “I’m traumatized,” tenant Veronica Martinez told CBS2’s Marcia Kramer. You’d be traumatized, too, if you had the same kitchen as Martinez. Rats. An entire family of rats, some as big as cats, have taken over, hopping in the sink, into pots and pans. It’s absolutely gut wrenching. “I should never...
  • How Much Space Does $200,000 Get You in Texas Compared to the Rest of the Country?

    10/05/2018 7:31:10 AM PDT · by SeekAndFind · 63 replies
    Texas Monthly ^ | 10/05/2018
    There are plenty of reasons for Texas’s population boom over the past several years—the economy, immigration, Whataburger—but one that can’t be overlooked is the fact that you typically can find some space to stretch out. And thanks to a chart from real estate site Property Shark, we can see exactly how much square footage you can get in Texas, compared to the rest of the country, for $200,000.The chart shows how much average square footage you get from a $200,000 investment in 33 U.S. cities, including the six largest in Texas—Houston, San Antonio, Dallas, Austin, Fort Worth, and El Paso....
  • Just Another Word for Nothing Left to Lose

    08/23/2018 4:08:33 PM PDT · by Twotone · 13 replies
    American Spectator ^ | August 23, 2018 | Steven Greenhut
    At a conference examining California’s housing crisis, one of the more liberal audience members expressed her frustration at those of us who even talked about free markets. I don’t recall her exact words, but the mere mention of such ideas were a non-starter. Apparently, such notions shouldn’t be raised in polite company given what they mean for the poor and disenfranchised. Couldn’t we just get back to discussing government regulations and programs? That comment summarized the problem with discussing public policy in a state where such ideas are considered arcane. The notion that people should be free to pursue their...
  • Existing-home sales tumble to a 2˝-year low as buyers give up

    08/22/2018 5:43:38 PM PDT · by BenLurkin · 62 replies
    marketwtch.com ^ | Aug 22, 2018 10:53 a.m. ET | Andrea Riquier
    Existing-home sales ran at a 5.34 million seasonally-adjusted annual rate in July, down 0.7% versus June, the National Association of Realtors said Wednesday. That was the lowest pace since February 2016... … For years, the Realtors have been warning that many would-be buyers, particularly at the lower end of the market, are being priced out. Now they’re also acknowledging that many others are just deciding to sit it out until market conditions change. … “Three years of exceptionally tight inventory and exceptionally strong price gains are catching up with the market, and are visible both in softer demand from stretched...
  • Trump administration charges Facebook with housing discrimination

    08/17/2018 8:52:50 PM PDT · by 2ndDivisionVet · 27 replies
    The Politico ^ | August 17, 2018 | Patrick Temple-West
    The Trump administration today charged Facebook Inc. with violating housing discrimination laws. The social media company allows advertisers to divert housing listings away users who mention terms such as “assistance dog” and “mobility scooter,” or who live in certain zip codes, in violation of the Fair Housing Act, HUD alleged. In addition, the Justice Department today joined a lawsuit against Facebook, saying in a “statement of interest” that the company discriminates by helping advertisers pick preferred users. The Fair Housing Act prohibits discrimination in housing transactions including print and online advertisement on the basis of race, religion or sex, among...
  • With 'i-house,' manufactured housing goes chic

    08/17/2018 5:44:00 PM PDT · by 2ndDivisionVet · 77 replies
    ABC News ^ | August 17, 2018 | Duncan Mansfield and the Associated Press
    From its bamboo floors to its rooftop deck, Clayton Homes' new industrial-chic "i-house" is about as far removed from a mobile home as an iPod from a record player. Architects at the country's largest manufactured home company embraced the basic rectangular form of what began as housing on wheels and gave it a postmodern turn with a distinctive v-shaped roofline, energy efficiency and luxury appointments. Stylistically, the "i-house" might be more at home in the pages of a cutting-edge architectural magazine like Dwell— an inspirational source — than among the Cape Cods and ranchers in the suburbs. The layout of...
  • The Phony Numbers Behind California’s Solar Mandate

    08/13/2018 5:32:31 AM PDT · by reaganaut1 · 23 replies
    Wall Street Journal ^ | August 12, 2018 | Steven Sexton
    California’s energy regulators effectively cooked the books to justify their recent command that all homes built in the Golden State after 2020 be equipped with solar panels. Far from a boon to homeowners, the costs to builders and home buyers will likely far exceed the benefits to the state. The California Energy Commission, which approved the rule as part of new energy-efficiency regulations, didn’t conduct an objective, independent investigation of the policy’s effects. Instead it relied on economic analysis from the consultancy that proposed the policy, Energy and Environmental Economics Inc. Its study concluded that home buyers get a 100%...
  • Governments Have Destroyed Housing Affordability in Many Places — But Some Refuges Remain

    08/11/2018 5:44:33 PM PDT · by SeekAndFind · 20 replies
    The Mises Institute ^ | 08/11/2018 | Ryan McMaken
    From crime rates to life expectancy to income levels, statistics at the national level are next to useless when it comes to measuring the daily lives of ordinary people in the United States. This is because the United States — which is a huge and geographically diverse country — is simply too large to be summed up in a single number. This sort of generalizing is inappropriate for pretty much any place that's larger than a single metro area, but it's especially bad when applied to a place like the United States. Even the larger European countries are much...
  • 3D Printing: An Affordable Solution for World's Housing Crisis

    08/09/2018 11:25:01 PM PDT · by 2ndDivisionVet · 29 replies
    CIO Review ^ | August 10, 2018 | Staff
    Since time immemorial, mankind has always been in a constant state of evolution, through various innovative ideas, ground-breaking discoveries, and technologies. While technologies like war machines and drones play havoc in human civilization, there are certain technologies that aid in the betterment of our kind. One such technology is 3D Printing. What started as an experiment by Charles Hull in the early 80's, as a means for hardening tabletop coatings, 3D Printing has become a thriving multi-million dollar industry, with a potential for impacting innovations through all walks of our lives. On March 2017, in the backdrops of a quaint...
  • Housing Market Slowing But Not Collapsing

    08/01/2018 9:13:12 AM PDT · by SeekAndFind · 6 replies
    calafia Beach Pundit ^ | 07/31/2018 | Scott Grannis
    I'm seeing a significant increase of late in stories which suggest that the housing market has peaked and could be in trouble. Not everything is rosy, to be sure, but from what I can see, the worst that can be said about the housing market is that it is cooling off. The following charts tell the story: Chart #1 As Chart #1 shows, an index of the prices of homebuilders' stocks is down about 25% since last January. That's a big correction that could easily be the start of a major decline, much as we saw happen in 2006-2009....
  • Smoking banned in public housing nationwide, effective today

    07/31/2018 3:00:59 PM PDT · by Drango · 174 replies
    CBS ^ | July 31, '18 | CAITLIN O'KANE
    Smokers can no longer light up in or near public housing facilities in the U.S. due to a new rule that went into effect July 31. The nationwide ban on smoking in public housing was implemented nearly two years after the rule was passed by the Obama administration in 2016. The Department of Housing and Urban Development (HUD) now prohibits the use of cigarettes, cigars and pipes in all public housing units and common areas, as well as any outdoor areas up to 25 feet from public housing and administrative office buildings. The ban does not apply to e-cigarettes, snuff...
  • Dutch city to unveil world's first 3D-printed housing complex

    07/12/2018 12:01:27 PM PDT · by 2ndDivisionVet · 15 replies
    Space Daily ^ | July 11, 2018 | Agence France Presse
    The southern Dutch city of Eindhoven plans to unveil the world's first 3D-printed housing complex next year, which its inventors believe could revolutionise the building industry by speeding up and customising construction. Printed in concrete by a robotic arm, the project backed by the city council, Eindhoven Technical University and several construction companies aims to see its first three-bedroomed home go up by June 2019. Known as Project Milestone, a housing complex of five homes of various shapes and sizes will be built over the next three to five years, financed by private investors, said Rudy van Gurp, one of...