Tag: home ownership

Housing Needs for the Next Decade

For local policy makers anticipating the economic landscape in the post-recession and post-foreclosure period, there are three factors that will influence decisions about new housing development – the number of homeless families; the slowdown in household formation; and the severe cost burden that so many face for housing. The combination of these factors means that

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Ode to Judges

Judges hold a special place in the American legal system. One might argue that they are in fact iconic, even if they don’t wear the traditional wigs of our British forbearers. Although more people have probably heard of Judge Wapner and Judge Judy than have heard of Judge Isaac C. Parker – the real “hanging

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Vacant Properties Compound the Forclosure Disaster

You don’t have to be a policy researcher to know intuitively that mortgage foreclosures and vacant and abandoned properties are a serious threat to the well-being of a neighborhood.  An increase in foreclosed properties in any neighborhood, especially a high concentration of properties in one neighborhood, creates an oversupply of housing stock (including low value

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Belief in Debt Relief?

Should forgiving student loan debt be the next federal bailout to stimulate our nation’s struggling economy?  Robert Applebaum, a New York lawyer and organizer of the aptly-named Facebook movement, “Cancel Student Loan Debt to Stimulate the Economy,” thinks so.  While the title isn’t catchy, the words “cancel” and “debt” used in the same sentence is

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FOR RENT: Cozy Cottage, Serene Backyard Setting, Landlord Close-by

The City of Seattle recently amended a restricting and outdated zoning regulation.  This change encourages homeowners to reject—to an extent—the separation of housing types and the segregation of people of different income levels.  The zoning change allows homeowners in single-family residential neighborhoods to construct small, free-standing cottages on their properties for rental purposes.  USA Today

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Forget Everything You Knew About Housing

In the wake of the home mortgage bust there needs to be a reevaluation of every assumption about residential housing. Is ownership always better than renting? Is appreciation always better than equity as a tool for wealth creation? Is bigger in the suburbs always better than smaller in town? The composition of families is different.

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Locals are Effective as Home Mortgages Collapse

Just-released figures from Treasury and HUD report that the number of homeowners who defaulted on their mortgages, even after securing lower payments through loan modification, nearly doubled in March. Relief efforts are diminishing rather than growing. The Federal Reserve has ended its $1.25 trillion program to buy mortgage backed securities. The first-time homebuyer tax credit

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The Housing Market Will Stand on its Own

The U.S. government is moving to cease its deep intervention in the housing markets.  The Treasury Department already has stopped buying up mortgage-related securities and the Federal Reserve will taper off its purchases gradually, ending them by March 31. Then in June, the homebuyer tax credit program ends. As with “cash for clunkers,” the federal

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