Tag Archives: housing affordability

Yisroel Pensack: Proposition 13’s Devastating Impact on Housing Affordability in California

A 21st-century follower of 19th-century political economist Henry George, whose classic “Progress and Poverty” was written in San Francisco and published there in 1879, has analyzed the effect of California’s property-tax-cutting Proposition 13 and found that that 1978 measure has … Continue reading

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Harvard Study Says Housing Recovery Will Be Slow

From the New York Times: A two-year home price drop is eating into housing wealth, curbing consumer spending and slicing away economic growth. This is unlikely to change until potential home buyers are convinced that prices have stopped tumbling, the … Continue reading

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Mortgage Costs Down Under

From Brisbane: NO real backyard, no laundry, smaller and fewer rooms, the end of the two-car family and probably the backyard cricket match – welcome to the future of affordable housing. The homes at the cheaper end of the development’s … Continue reading

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Virginia’s Mortgage Clinics

From the Washington Post: Virginia officials are joining the parade of local governments trying to cope with the rising tide of foreclosures by offering free mortgage-assistance clinics to homeowners at risk. The clinics will be conducted by the Virginia Foreclosure … Continue reading

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Refi Bust: Mortgage Brokers Gone Wild!

David M. Kinchen reviews this 2006 book: Hinton, WV (HNN) – In the case of a mortgage broker – at least the predatory, unscrupulous ones described by David Lawrence in "Refi-Bust: Mortgage Brokers Gone Wild!" When I suggested to Lawrence … Continue reading

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