So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
It’s a make-or-break moment for housing in California
The future of the state depends on how leaders rebuild after the Los Angeles fires.www.vox.com
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In February 2025, the Trump administration revoked a fair housing rule from the Biden era that aimed to combat housing discrimination and segregation. This rule, known as the Affirmatively Furthering Fair Housing (AFFH) rule, required local governments to analyze and address patterns of segregation in their communities to qualify for federal funding. The AFFH rule was initially introduced during the Obama administration in 2015 but was previously rescinded by President Trump in 2020. The Biden administration attempted to reinstate a modified version in 2023; however, it was not finalized, partly due to concerns about its potential impact on suburban communities and the political ramifications during election campaigns.
By withdrawing this proposal, the Department of Housing and Urban Development (HUD) announced an interim final rule stating that local governments better understand their community’s needs than federal bureaucrats. HUD will now accept localities’ self-certifications for adhering to the 1968 Fair Housing Act, without the burden of exhaustive federal paperwork. This move aligns with the Trump administration’s broader effort to eliminate diversity, equity, and inclusion programs. Homeownership disparity remains significant, with 74% of white Americans owning homes compared to just 46% of Black Americans, a gap wider than in 1960.
Critics argue that this rollback undermines efforts to address systemic housing discrimination and segregation, potentially perpetuating existing disparities in housing opportunities for marginalized communities. Supporters, however, contend that it reduces federal overreach and allows local governments to manage their housing policies without burdensome regulations.
Want to get rich? Don't buy your home
A study finds it's cheaper to rent than to buy in all of the top 50 metros.
www.salon.com
I have read about this dude before and watched his youtube videos. He has a point for him, but just like renting works for him homebuying works for most others. Not everyone is disciplined enough to invest whatever money is saved by renting. And not everyone wants to bother with investing period.Want to get rich? Don't buy your home
A study finds it's cheaper to rent than to buy in all of the top 50 metros.
U.S. Housing Agency Considers Launching Crypto Experiment
The Department of Housing and Urban Development, which oversees billions in aid and insures more than a trillion dollars in mortgages, is pondering using the blockchain and a stablecoin. One HUD official derided it as “monopoly money.”
2 Winnipeg real estate agents disciplined after house buyer files complaint
A complaint filed by a Winnipeg homebuyer has resulted in two real estate agents being disciplined by their industry association. Chantal Orsak bought a house in 2022 but filed a complaint to the Manitoba Real Estate Association because she was dissatisfied with her real estate agent's handling...
Affordable housing threatened as Trump halts $1 billion slated for extending life of aging buildings
Preserving these units gets less attention than ribbon-cuttings, but it’s a centerpiece of efforts to address the nation’s housing crisis. Hundreds of thousands of low-rent apartments, many of them aging and in need of urgent repair, are at risk of being yanked out from under poor Americans. The program has already awarded the money to projects that would upgrade at least 25,000 affordable units across the country, and details of how it will be wound down remain unclear.
BY JESSE BEDAYN
March 12, 2025
James Richardson works on a heating and cooling unit in the broiler room at Smith Tower Apartments in Vancouver, Wash., on Monday, March 10, 2025.
Preserving these units gets less attention than ribbon-cuttings, but it’s a centerpiece of efforts to address the nation’s housing crisis. Hundreds of thousands of low-rent apartments, many of them aging and in need of urgent repair, are at risk of being yanked out from under poor Americans. The program has already awarded the money to projects that would upgrade at least 25,000 affordable units across the country, and details of how it will be wound down remain unclear.
BY JESSE BEDAYN
March 12, 2025
James Richardson works on a heating and cooling unit in the broiler room at Smith Tower Apartments in Vancouver, Wash., on Monday, March 10, 2025.
Mortgage broker sees Ontario home prices ‘grinding down’ amid trade war
One mortgage broker says the latest rate cut by the Bank of Canada will benefit homeowners with variable mortgages, but the economic impact of U.S. tariffs could fuel mortgage competition among lenders, weighing on home prices in Ontario.
Nearly 2 dozen B.C. real estate professionals face sanctions for working with fake mortgage broker
The agency that regulates mortgage brokers in B.C. says discipline proceedings are completed or ongoing for nearly two dozen people who used the services of unregistered mortgage broker Jay Kanth Chaudhary.
The Rise Of Trumpvilles - Project 2025 Drives Economic Displacement
Project 2025’s proposed reductions in federal aid programs such as Medicaid, food assistance, and unemployment benefits could strip millions of critical resources at a time when inflationary pressures and stagnant wages have already squeezed working families.
By Solange Charas
March 14, 2025
www.forbes.com
Hoovervilles from the 1930's
A sidewalk filled with tents is shown as the enforcement of San Diego's recently passed Unsafe Camping Ordinance that prohibits tent encampments in all public spaces throughout the city if shelter beds are available, begins today in San Diego, California, U.S., July, 31,2023.
Project 2025’s proposed reductions in federal aid programs such as Medicaid, food assistance, and unemployment benefits could strip millions of critical resources at a time when inflationary pressures and stagnant wages have already squeezed working families.
By Solange Charas
March 14, 2025
The Rise Of Trumpvilles - Project 2025 Drives Economic Displacement
The Economic Underpinnings of Modern-Day Hoovervilles The forces driving today’s housing and economic crises are multifaceted.
www.forbes.com
Hoovervilles from the 1930's
A sidewalk filled with tents is shown as the enforcement of San Diego's recently passed Unsafe Camping Ordinance that prohibits tent encampments in all public spaces throughout the city if shelter beds are available, begins today in San Diego, California, U.S., July, 31,2023.
There will be a million people fighting over these lol also that’s not the middle of Manhattan
Learn how to post , Jesus Christ
For the love of god!!! Somebody help this retarded nigga
You been here way to long to do this shit
B.C. appeals court upholds $6M foreign-homebuyers tax bill on Burnaby property
The numbered company that acquired a lowrise apartment building at 5978 Wilson Ave. for $30 million in 2018 has failed for a third time to have a $6-million foreign buyer's tax bill overturned.
www.burnabynow.com
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I want to smell that room!!!Various - Finally An All-Girl Asian Orgy Extravaganza
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