User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Nov 21 2018 16:00 IST RSS 2.0
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The 'Mayor Pete' era is over in South Bend, Ind. What legacy does Pete Buttigieg leave? 9.1.2020 LA Times: Nation

Reviews of Pete Buttigieg's legacy as mayor of South Bend, Ind., are noticeably mixed among residents of color — some positive, some outright hostile.

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Far-right activist Ammon Bundy's rush to save an Idaho ranch ends without a standoff 15.11.2019 LA Times: Nation

Ammon Bundy, who led a 2106 standoff with the federal government at the Malheur National Wildlife Refuge in Oregon, thought he'd found another cause to champion this week in Idaho.

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Renters only: These new homes aren't for sale 7.10.2019 Minnesota Public Radio: Law & Justice
Developers are building thousands of single-family homes that won't require a mortgage to move in. Even people who could afford to buy are choosing to rent — they aren't ready for the long-term debt.
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Landlords say state rent caps may force them to raise rents more frequently 7.10.2019 LA Times: Business

Gov. Gavin Newsom has pledged to sign a statewide rent control bill for buildings older than 15 years. Studies from Los Angeles and San Francisco give insight into how landlords could respond.

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Mpls. City Council approves measure to assist tenants facing eviction 13.6.2019 Minnesota Public Radio: News
A City Council committee on Wednesday approved a $650,000, two-year contract with Mid-Minnesota Legal Aid to assist low-income tenants who've received eviction notices to take on their landlords in housing court.
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Paraglider crashes in Jefferson County, injuring pilot after craft plunged 200 feet 21.3.2019 Denver Post: Local
A paraglider crashed in Jefferson County on Wednesday afternoon, swiftly dropping about 200 feet, and the pilot  was taken to a local hospital.
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The Sports Report: Is Anthony Davis going to be a Laker or not? 15.1.2019 Los Angeles Times - Living Green

Howdy everyone, and welcome to the Tuesday edition of the Los Angeles Times daily sports newsletter. My name is Houston Mitchell and I’m your host for the festivities.

Let’s get to it.

Anthony Davis, future Laker?

While the current Lakers are waiting for their current superstar to return from injury,...

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Morning Briefing: Stealing home is easier than you think 15.1.2019 Los Angeles Times - Living Green

The former Poway home of San Diego Padres great Tony Gwynn, who died five years ago, has an unexpected visitor.

The Gwynn family lost the home to foreclosure last summer and it had remained vacant. In December, neighbors noticed people at the house, including one man who seemed to spend a lot of...

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Tony Gwynn's foreclosed home has a squatter problem 15.1.2019 LA Times: Commentary

he Poway home of San Diego Padres great Tony Gwynn, who died five years ago, has an unexpected visitor.

The Gwynn family lost the home to foreclosure last summer and it has remained vacant. In December, neighbors noticed people at the house, including one man who seemed to spend a lot of time there.

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The Revolving Door and the Assault on Community Reinvestment 21.11.2018 American Prospect
Tom Williams/CQ Roll Call/via AP Images Joseph Otting, Comptroller of the Currency, prepares to testify during a House Financial Services Committee hearing in Rayburn Building in Washington.  The Community Reinvestment Act (CRA) is a piece of 1977 legislation that requires banks to reinvest in their communities. The Republicans have been gunning for it, and now proposed regulations would weaken it in several key respects. At the heart of this story is the federal regulator of national banks, whose title is U.S. Comptroller of the Currency, a man named Joseph Otting. Conflicts of interest and revolving doors in the Trump administration are such a common story that they barely make news, but this one is worth telling. In his previous job, the CRA nearly cost Otting a $24 million payday.  Congress approved the Community Reinvestment Act in 1977 to combat redlining and other forms of discriminatory lending. Senator William Proxmire, then chair of the Senate Banking Committee, authored the measure amidst ...
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The Silver Lining of the New Gilded Age: Fewer Targets 22.10.2018 American Prospect
At noon on January 17 of this year, activists began protesting outside the Blackstone Group’s New York City headquarters over the private equity giant’s foreclosures in Puerto Rico. Simultaneously, a social justice group in California released a report detailing Blackstone’s alleged mistreatment of thousands of the state’s tenants. The timing was no coincidence. The extreme concentration of economic ownership and power in 21stt-century America is creating more opportunities for disparate groups—from renters and unions to community groups and financial reform organizations—to ally against common adversaries and pressure them for broad concessions. This growing collaboration points to what some see as a necessary reaction and potential silver lining to the New Gilded Age. “The same guys own everything,” Stephen Lerner, a veteran community and labor organizer, told a crowd of labor leaders in New York City late last year. “We can align our forces in a different way because we have the same enemy.” Nurturing ...
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Will the Tax Act Set Back Private Equity? 2.7.2018 American Prospect
AP Photo/Andrew Harnik, File House Speaker Paul Ryan, left, and House Ways and Means Committee Chairman Kevin Brady, second from left, congratulate each other after signing the final version of the GOP tax bill during an enrollment ceremony at the Capitol in Washington Section 13301 of the  Tax Cuts and Jobs Act  spans only 12 of the legislation’s 503 pages. It doesn’t cover the giant corporate tax rate cut, the trim to the top marginal rate, or changes to pass-through income. It wasn’t part of anyone’s talking points, whether touting or damning the tax overhaul. After passage, few even understood how it got into the bill. But Section 13301 could affect the lives of millions of Americans. It could radically upend the balance sheets of some of the most powerful financial institutions in the country. It’s hard to know at this point exactly how these firms will compensate for the changes. But it does show how small shifts in the tax laws can have wide-ranging, unanticipated consequences. What does Section ...
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Denver approves $2.5 million in tax breaks for affordable housing in historic, run-down First Avenue Hotel on Broadway 26.6.2018 Denver Post: Local
The Denver City Council on Monday approved $2.5 million in tax breaks for the redevelopment of Broadway's former First Avenue Hotel into more than 100 micro-apartments renting at below-market rates.
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Wall Street is scooping up homes for rent again as leasing prices outpace apartment rents 18.5.2018 LA Times: Business

Wall Street landlords are back in action.

Institutional investors bought more single-family rental homes in 2017 than in previous years, the first increase since 2013, according to data compiled by Amherst Holdings LLC.

Wall Street firms such as Blackstone Group LP and Tom Barrack’s Colony Capital...

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Virginia is for landlords 12.5.2018 Washington Post: Op-Eds
State laws are creating an eviction crisis.
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Why America Needs More Social Housing 16.4.2018 American Prospect
This article appears in the Spring 2018 issue of The American Prospect magazine.  Subscribe here .  The quest to provide what has come to be called “affordable housing” in America is hobbled by one fundamental reality. Too much housing is in the market sector and too little is in a social sector permanently protected from rising prices. The result is that supply and demand relentlessly bids up market prices. Government is required to provide deeper and deeper subsidies to keep rents within the bounds of incomes, so fewer and fewer people get any kind of help. This is true whether the form of public subsidy is tax breaks, direct subsidies, vouchers, or deals with developers to set aside some percent of units as affordable. In most cities, the median rent far exceeds what median incomes can afford. In cities with hot housing markets, homeownership is even further beyond reach for those who do not already own homes, exacerbating competition for scarce apartments. The idea of having a permanent sector of ...
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San Diego pays $7 million for indoor-skydiving center that the county just valued at $6 million 16.3.2018 LA Times: Commentary

One month after San Diego Mayor Kevin Faulconer agreed to buy a defunct indoor-skydiving property downtown for $7 million without the benefit of a current appraisal, county assessors have completed a new valuation of the two parcels, placing the value at $6 million.

San Diego County officials completed...

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An Economic Bill of Rights for the 21st Century 5.3.2018 American Prospect
Economic mobility has drastically declined since the 1940s. Unemployment and underemployment are persistent problems, especially for stigmatized groups who are subject to discriminatory exclusion from employment opportunities. In today’s economy, the American dream is just a dream, or worse, a rhetorical device that draws attention away from the economic reality playing out across the country. Despite long-term growth in the nation’s Gross Domestic Product, in real terms middle-income Americans have less than they did 40 years ago . Poverty, especially amongst the most vulnerable in our society—our children—persists at unjust levels. Despite President Lyndon B. Johnson’s War on Poverty, declared more than 50 years ago, 43.1 million Americans remain in poverty , nearly 20 million of whom live in deep poverty . There’s no question that past policies intended to reduce poverty and inequality have fallen tragically short . It’s time to think big. The rules that govern our economy are working best for far too ...
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Jump in late mortgages after Harvey sparks foreclosure fears 27.1.2018 AP Business
FRIENDSWOOD, Texas (AP) -- As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: "I don't know."...
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California's real estate gold rush is even boosting Stockton, but at what price? 30.12.2017 LA Times: Commentary

Not long ago, the Delta city of Stockton was drowning in bad news.

It went bankrupt. It led the nation in foreclosures during the housing crash. It found itself on a list of the most miserable places to live in America. It was too far from job centers. The crime rate was high and a former mayor...

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