Milwaukee Looking city to city, part of what is driving rents up to record highs and exacerbating the affordable housing crisis is the critical intrusion of large corporate ownership of single-family homes in some markets in addition to larger developments where they have always been a factor. The ACORN Home Savers Campaign has monitored this …
Tag: homeownership
House Rich, Dirt Poor
New Orleans During farm crises, as prices get lower for crops and property taxes get higher, the old saying in rural areas about being “land rich, and dirt poor” comes to mind, especially in the states that have property taxes. Talking to a relative about his aging father’s house, he mentioned that his son would …
“Cash-out” Refinancing and Swimming with the Fishes Underwater
Milwaukee Anyone running out of things to worry about? How about housing finance? Maybe we could party like it was 2007 again and watch it all come crashing down again? For example, The Wall Street Journal, noted that housing “cash-outs” hit the highest level since the 2007 housing meltdown in the 3rd quarter of 20018, …