Housing tenure

The Booming Impacts of Housing Affordable housing is an important issue that not only affects the Boston area, but the United States as a whole. The New York Times published an article in November 2015 stating that based off a Siena College Poll, “half of New Yorkers say they are barely or not getting by.” However, affordable housing has many indirect impacts in society rather than just shelter. These impacts have an effect on mental and physical health, the environment, education, and the…

When looking at the housing issue as a person who recently moved to Orillia, I find that there is a lack of housing for people in general. Just by looking at the City of Orillia website, it is apparent that they preparing for an increase in population, and there is an action plan for a variety of living arrangments in place, but will it be enough? According to the census data, the population has increased upwards of 2% since 2011, but this was seen as not high enough as it "fell behind national…

For some people, the foreclosures hit them with a force of a bulldozer rolling them out of their comfortable zones and forcing them back into the land of the rental. But for others, like myself, the foreclosure market was an amazing moment when the stars aligned and every house price dropped to prices that some of us could easily finally afford. Not only were we able to afford a house for the first time possibly in history, we were able to have our pick of the litter as it were. It was a buyers’…

sold throughout the U.S. housing market according to U.S. Statistics. This was a larger number of houses sold compared to previous years with a range of 609,000 houses being sold per year. This was expansion, with lower interest rates, economic booms, and most people living in houses they couldn’t really afford if you looked into their finances. This is what later created negative home equity balances, and forecloses along with many evictions. Before the collapse of the housing bubble more and…

countless American families. This was caused by the housing bubble in which house prices peaked to unsustainable values and then burst causing a depreciation in property value. The consumers bought properties at astronomical prices. In order to pay for these properties, the consumers had to take out loans in which a limited financial background check was done to see if the individual could keep up with the payments. Due to the extreme cost of housing, the consumer was not able to pay back the…

the collapse of the housing market boom of the 1990s to mid-2000s. Lehman’s acquisition of subprime mortgage loans led to record profits during the housing bubble; however, these risky investments proved to be the major cause of their failure. (Investopedia, 2017) Subprime mortgage loans are described as mortgages issued to people who could not qualify for a conventional mortgage due to low credit ratings, and thus charge a higher than prime interest rate. During the housing boom, subprime…

On the 15th of September 2008 Lehman Brothers, one of the world’s largest investment banks, filed for bankruptcy. The main driver of which being deregulation. The ever-increasing returns obtainable from financial derivatives led executives, fueled by greed and a perverse incentive structure, to create an intricate securitization castle built on the sub-prime mortgage market. When the rate of return on financial investment is constantly higher than the rate of economic growth, then compound…

government, or regulators. Was significant after the housing market bubble busted, the government become more involved in the banking industry and issued new government regulations and the government, also had to bail out some of the other lending companies. Another impact on societal stakeholders was the community lost all confidence in Wells Fargo to do responsible banking. Undoubtedly, Wells Fargo did not have a CSR filters in place until after the housing market burst and they found…

have a resulted in 1930s style global financial and economic meltdown with catastrophic implications. In 2000s, global investors were searching for a low risk, high return investment, and so they started to throw their money at the United States housing market. However, global investors feel trouble to deal with individuals. Instead, they bought the investment known as mortgage backed-securities. Mortgage backed-securities are created when huge monetary institutions purchase thousand of the…

and downs of the housing market. A few years back I could remember watching the news, seeing the reporters talk about the market and its continuous downfall. From how things looked, it was terrible. Even today, the foreclosure crisis is still an ongoing recovery. However, Boomerang buyers are a sure example of that road to recovery. So now due to the bettering housing market buyers should consider rental purchase or rent-to-own as more a secure option. In the past years, the housing market is…