New Orleans Something big is happening in housing. Maybe big and bad. Maybe big and unknown, but scary in its uncertainty for the future. Here are the facts that frighten. Home ownership dropped again in the last quarter of 2016 and when it did so, it fell below 63% to the lowest level in …
Category: Foreclosure
HUD Finally Hand Slaps Housing Vultures
Madison The Housing Urban Development (HUD) department needed a weatherman to see which way the wind was blowing, and, finally, years after hurricane level damage has been done to families and communities around the country and amid constant calls from housing advocates, they has finally put some restrictions on private equity and other investors who …
Private Equity Sabotaging Working Communities
Madison Auction off tens of thousands of homes during the housing crisis to private equity companies without rules or wherefores other than to offload the problems, despite knowing that private equity operations only care about their bottom line, what could go wrong? Not surprisingly, it turns out, just about everything, and nowhere is this truer …