Blah, blah, blah

head_left_image

WHAT'S HAPPENING ACROSS THE NATION DOESN'T BODE WELL FOR HOME OWNERS.

Are we heading towards a social setting where most families will live in apartments owned by major investment groups, or will the average family continue to own their own home?

HEY DAD, IS IT TRUE THAT, 25 YEARS AGO, PEOPLE ACTUALLY OWNED THEIR HOMES?? 

                                       ** Warning:  Hard Core Real Estate Talk Ahead **

An interesting article by William Johnson is food for thought.  William's post, What's Happening in the San Diego Housing Market?, about San Diego housing is reflective of what's happened across the nation as federal and local governments yield to pressure from the investment community to use the power of the permitting process to reduce construction of single family homes (detached and attached) and encourage construction of multi-family housing (rental units). 

AS THE OBAMA ADMINISTRATION PROPOSES to reduce federal aid to home buyers and give more help to renters (or rental unit developers), the percentage of home owners (now about 65%) may decline and the percentage of renters (now about 35%) may increase dramatically.  Government policy steers social results through the tax code and departments of government housing policies.

INVESTORS KNOW HOW TO GET HELP FOR A CAUSE FROM POLITICIANS, PACS.  The average US citizen does not make political contributions.  Groups of individuals, however, do.  Further, businesses and business groups form Political Action Committees that aggregate individual contributions to direct large amounts of money to friendly politicians.  

IS YOUR HOME OWNED BY YOU OR BY AN INVESTMENT GROUP?  Apartment investment, construction and management is BIG BUSINESS.  Most large apartment complexes are owned by groups of investors or owners of stock in a Real Estate Investment Trust (REIT).  

WHAT DOES THE RENTAL CONSUMER ASK FOR?  Funny thing, renters with whom I speak, either short term or long term renters, still want to rent and live in housing in the following order:

1.  A single family home (detached).
2.  A single family home (attached townhome)
3.  A condominium home.

Will the American family live in rental units owned by investors?  Or, will they live in their own homes??

Apartment building  Single Family Home

SOCIAL ENGINEERING AT WORK?  TAX LAWS ARE THE 2X4 used by government to achieve desired social result.

From the National Association of Home Builders - February 16, 2011 -

Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January, according to figures released by the U.S. Commerce Department today. The gain was entirely due to a 77.7 percent increase in the multifamily sector, where significant month-to-month swings in activity are not unusual and where new building has been below expectations for the past several months. Meanwhile, single-family housing starts remained virtually flat for the month, with a 1.0 percent decline. MORE

Governor O'Malley said that Marylandwill receive more than $246 million under the Obama administration's plan to help stabilize the U.S. housing market. The initiative will help developers of multifamily rental projects by providing a low fixed interest rate and making $90 million available for these projects. MORE

U.S. House of Representatives member Michelle Bachmann:

"The tax code is used by government as social engineering. I spent years [as an attorney] in the United States federal tax court seeing the difficult burden of the tax code in people's lives and I think the federal government should really stop social engineering."

Research:  http://www.builderonline.com/housing-data/multifamily-starts-surge-single-family-dips-lower.aspxhttp://www.sddt.com/Construction/article.cfm?SourceCode=20110322cyd
http://www.laedc.org/businessscan/index.htmlhttp://rejournalonline.com/multi-family-housing-permits-on-the-rise-slowly/853407/
http://swampland.blogs.time.com/2011/02/17/bachmann-social-engineering-the-tax-code/#ixzz1HbsRq7SU
http://agentgenius.com/real-estate-news-events/multifamily-permits-and-starts-are-up-single-family-homes-decline/
http://www.hbam.com/area.jsp?pageType=category&areaId=74&categoryId=334
http://www.citizenrecall.org/index.php?option=com_content&view=article&id=8&Itemid=3

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, serving home buyers in Maryland and Northern Virginia.

                            Family

"HEY DAD, is it true that 25 years ago, people actually owned their own homes? "

"YES SON, look at this old photo of me in front of the home my parents owned."


_______________________________________________________________________________________________________


Want to learn more about Loudoun County, VA? Join Loudoun County, VA on Facebook!

Comment balloon 0 commentsKevin Robinson • March 27 2011 10:13AM
WHAT'S HAPPENING ACROSS THE NATION DOESN'T BODE WELL FOR HOME OWNERS.
share
Are we heading towards a social setting where most families will live in apartments owned by major investment groups, or will the average family continue to own their own home? HEY DAD, IS IT TRUE THAT, 25 YEARS AGO, PEOPLE ACTUALLY OWNED THEIR… more
Payback is hell on the Citizens!
share
Remember when our President was going to stop business as usual in DC? Here is an example of him doing exactly the opposite. It is time for him to go. President Obama has been receiving only good press on the GE owned MSNBC for the last 3 years. … more
One More Major Blow to Illinois - Caterpillar considers leaving…
share
As a Cat stockholder this one saddens me. As an American this one sickens me. Another case of tax and spend politicians messing it up for everyone. So, in today's news, Caterpillar C. E. O., Doug Oberhelman writes… "I want to stay here. … more
Rational Lies
share
Remember when George Bush said we needed to go prevent a dictator from committing unspeakable atrocities against innocent humans? Those on the left told us Bush was wrong in that case. Now, when Obama wants to go and prevent a dictator from… more
Just When They Said It Could Not Be Done
share
I have a friend. Scary huh? Ok, I'll wait for the jokes to finish. He came here from a Latin American country as a LEGAL immigrant. Just for the record. No money, no car, just trying to check out the land of opportunity. He speaks decent… more
Where Is Cindy Sheehan?
share
More to the point, where are all of the baby boomer folks who did everything that they could to make Bush look like a baby killer and a war monger? For a long time during the middle days of the Iraq War, Cindy Sheehan was all over the news… more
Who Said This?
share
The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation. As Commander-in-Chief, the President does have… more
Is Obama Nation Building?
share
Does he have an exit strategy? What if the inteliigence reports are wrong? Will he be called a liar? What if innocent civilians get bombed? Can we afford to shoot missiles when our schools are in disrepair? I just could not… more
Forget the NCAA
share
Our little local college, right here in Twin Falls, Idaho, just won the National Junior College Athletic Association Men's Basketball D-1 Championship. Our guys put down Midland College, of Midland Texas, 72-64 yesterday, to win the national title… more
Taxes On Everything
share
New Hampshire might reduce the taxes on a pack of cigarettes. A few other states might do the same. I do not smoke, but was astounded to read that in Massachusetts, a pack goes for over 7 bucks. Read on. One of the reasons it costs so darn much is… more