It’s been just 50 days since President Joe Biden took office. Yet, his administration has spent an average of $1 billion per day to create or preserve affordable housing around the country.
This puts Biden on pact to reach his promised $640 billion investment in affordable housing over the next decade by next year. But, the spending isn’t as frivolous as these numbers may seem. Biden has shown there’s a clear, evidence-based strategy behind the money.
First, Biden asserted that addressing housing affordability requires keeping people who are at risk of experiencing homelessness in their homes. Without these efforts, the…
Get ready to ride the eviction wave
A federal judge in Texas ruled on February 25 that the federal eviction moratorium that’s been in place since September is unconstitutional.
US District Judge J. Campbell Barker of the Eastern District of Texas said the ban represented an imaginary power created by the government which exceeds the powers granted under Article 1 of the constitution. The ruling stems from a challenge to the moratorium fomented by state property managers back in October 2020.
“Although the Covid-19 pandemic persists, so does the Constitution,” Judge Barker wrote in his decision
The Centers for Disease Control’s (CDC) order prohibits landlords from evicting…
A bill soon-to-be introduced in the Nevada state legislature could revolutionize the tech economy
During his biennial State of the State address on January 19, 2021, Nevada Governor Steve Sisolak announced a new way to lure “groundbreaking technology” companies to the Silver State.
Known as “Innovation Zones,” the proposal would allow companies like Facebook and Tesla to create their own semi-autonomous governments in Nevada. Companies operating in these zones can impose taxes, form school districts and courts and provide government services.
So far, the idea is just that — an idea. Formal legislation has not been introduced in Nevada’s state legislature yet, and it’s unclear if it will be introduced in 2021. …
Here’s a look at the real costs of the GOP’s views on poverty.
February 15, 1986: Ronald Reagan addressed the nation about welfare reform. During his 15-minute radio speech, Reagan described poverty as a family crisis, one that is “concealed behind tenement walls or lost in the forgotten streets of our inner cities.” Children were being born to children, he said, many of whom were underweight and malnourished. Without serious reforms to the welfare system, America was on the brink of “creating a permanent culture of poverty as inescapable as any chain or bond; a second and separate America, an America of lost dreams and stunted lives,” Reagan warned.
Soaring home prices, low supply, and remote work could sending the housing market into a frenzy
The housing market is set to eclipse last year’s gains thanks to low supply and soaring demand. That isn’t necessarily good news.
According to a recent study by Redfin, scarcity of available homes is bolstering the pandemic-driven seller’s market, a trend that will continue for at least the first half of 2021.
“The main thing going on is scarcity of homes for sale. There’s nothing there, so people want it even more,” Seattle Redfin real estate agent Scott Petrich said in a statement.
“Potential homebuyers who don’t have a good amount of savings are having a very hard time getting…
Tech-savvy, highly-educated, and environmentally conscious, Millennials represent a drastic turn-of-face for the luxury home market
Tatiana and Shannon Harris started their blog — Power Couple Life — as a way to regale followers with glimpses of their lives as luxury travelers, gourmet foodies, and full-time adventurers.
After seven years, the couple decided to settle down and purchase a home in Austin, Texas — a city Zillow expect to be one of the hottest housing markets in 2021. When push came to shove, the couple said they focused their home search around three criteria: green, fresh, and beautiful.
“We started our blog and social media in 2013,” Tiana said in a statement. “Combining sustainability and luxury…
This Guerilla Warfare Expert Says the Capitol Siege Looked Like the Beginning of a Colour Revolution
David Kilcullen, CEO of Cordillera, said Jan. 6 looked like what happened in Ukraine, Serbia, and Georgia in the 1990s
After watching supporters of President Donald Trump and right-wing agitators storm Capitol Hill on January 6 in an effort to overturn the results of the 2020 election, guerilla warfare expert Dr. David Kilcullen is concerned that a colour revolution is brewing in the US.
“Revolutions often begin with massive peaceful protests over a contested election. These lead to violence, which triggers a government crackdown, which provokes insurrection, international condemnation and, often, regime change,” he said in a statement.
As the Special Advisor for Counterinsurgency to former Secretary of State, Condoleezza Rice, and senior counterinsurgency advisor to General David Petraeus, Kilcullen…
It’s official. The GOP will cease to exist after January 6.
Senator Lindsey Graham (R-SC) told us this would happen in 2015. Sen. Ted Cruz (R-TX) echoed those calls. Senate Majority Leader Mitch McConnell (R-KY) tried to keep the caucus in line to prevent it from happening. But, after the Senate convenes to certify the results of the 2020 election on January 6, 2021, the Republican Party as we know it will cease to exist.
Why? Because President Donald Trump ignited a Civil War within the GOP, one akin to the last one to take down the Whigs in 1854. And, as more Senators sign on to the President’s seditious calls…
“The future remains wholly uncertain...but for now, things are going in the wrong direction for buyers”
To many, owning a home is still The American Dream. However, homeownership is becoming increasingly unaffordable for large swaths of workers in 2020, a trend that COVID-19 accelerated.
According to a study by ATTOM Data Solutions, a property data company, 55% of the 500 counties it analyzed were less affordable than in 2019. This is up 22% from three years ago. A driver of this phenomenon is that home values are rising much faster than wages, the study concludes.
“Owning a home in the United States slipped into the unaffordable zone for average workers across the nation as the numbers…
And that’s a very good thing
In 1928, The Macmillan Company published a 118-page compendium showing that stocks were a better investment than bonds from 1866 until 1923. The lessons taught in that book, Common Stocks as Long Term Investments by Edgar Lawrence Smith, laid the foundation for how Americans invested for the next 92 years.
The work was so influential; it changed Smith himself. Smith went into the study attempting to prove bonds were a better investment, and he failed. For this, Smith introduces the 10 studies in the book as “a record of failure.”
Repeatedly failing also led Smith to realize that the principle…
Robert Davis
Journalist covering housing, police, and government.
