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ARTICLE: Renters Now Rule Half of U.S. Cities

https://www.yahoo.com/finance/news/renters-now-rule-half-u-0...
Silver Charismatic Home
  03/24/17
we maed it
Spectacular chartreuse corner associate
  03/24/17
...
Adventurous amber juggernaut giraffe
  03/24/17
...
gay scourge upon the earth really tough guy
  03/24/17
inching ever closer to a brazil-like society.
Contagious trailer park
  03/24/17
I look forward to living in a sweet flyover favela
Adventurous amber juggernaut giraffe
  03/24/17
...
Silver Charismatic Home
  03/24/17
...
medicated roast beef
  03/24/17
Meanwhile in Russia everyone owns their own hovel. Homeowner...
Razzle massive puppy
  03/24/17
https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ow...
Razzle massive puppy
  03/24/17
Well, it is actually the combination of Communism plus priva...
electric elite abode shitlib
  03/24/17
Wrong. Title existed. People owned property. My grandfather ...
Razzle massive puppy
  03/24/17
...
electric elite abode shitlib
  03/24/17
I made a lot of money recently when my brother sold his busi...
Razzle massive puppy
  03/24/17
Sooooo we are basically Hong Kong now. Thanks, GC?
Soggy aromatic den
  03/24/17
good, now maybe we can bring down the home price ponzi schem...
Racy National Mother
  03/24/17
Cities that have long been home to property owners are now e...
Trip Yarmulke
  03/24/17
Cq
flatulent casino wagecucks
  03/24/17
how do I make money from this?
Spectacular chartreuse corner associate
  03/24/17
http://www.seattletimes.com/seattle-news/politics/a-primer-o...
flatulent casino wagecucks
  03/24/17


Poast new message in this thread



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Date: March 24th, 2017 4:47 PM
Author: Silver Charismatic Home

https://www.yahoo.com/finance/news/renters-now-rule-half-u-090036246.html

Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters.

Just 49 percent of Motor City households were homeowners in 2015, down from 55 percent in 2009 and the lowest percentage in more than 50 years. Detroit isn’t alone, of course: The rate of U.S. home ownership fell steadily for a decade as the foreclosure crisis turned millions of owners into renters and tight housing markets made it hard for renters to buy homes. Demographic shifts—millennials (finally) moving out of their parents basements, for instance, or a rising Hispanic population—further fed the renter pool.

Fifty-two of the 100 largest U.S. cities were majority-renter in 2015, according to U.S. Census Bureau data compiled for Bloomberg by real estate brokerage Redfin. Twenty-one of those cities have shifted to renter-domination since 2009. These include such hot housing markets as Denver and San Diego and lukewarm locales, such as Detroit and Baltimore, better known for vacant homes than residential development.

More from Bloomberg.com: Attacker Kills Four Near U.K. Parliament Before Being Shot Dead

While U.S. home ownership ticked up in the second half of 2016, there are reasons to think the trend toward renting will continue. A 2015 report from the Urban Institute predicted that rentership would keep rising through 2030, thanks to demographic trends that include aging baby boomers who downsize into rentals.

In the shorter term, housing market dynamics will also play a role. Fewer than 1 million homes were on the market in the first quarter of 2017, the lowest number since Trulia began recording inventory data in 2012. The shortage makes it harder for renters to buy. Meanwhile, rental landlords, including large Wall Street players and mom-and-pop investors, continue to plow cash into single-family homes.

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Those shifts are likely to present new challenges for cities unequipped to handle high rental populations. Detroit Future City, a nonprofit that highlighted Detroit’s shift in a report earlier this month, argues that the city needs an intentional strategy for dealing with the rising population of such households.

That could include providing new protections for renters or creating resources to help landlords keep properties in good repair. On a grander scale, the Center for Budget Policy & Priorities, a Washington-based research institute, published a proposal this month calling for a new tax credit for low-wage workers, seniors, and people for disabilities.

Most low-income families don’t rent by choice, said Nela Richardson, chief economist at Redfin. And plenty of higher-income households rent because they can’t afford to buy. “We don’t have enough affordable supply in either rental or for-sale markets,” said Richardson, adding that cities interested in promoting renter-friendly policies can rethink their zoning policies to encourage more construction.

At an even more basic level, city leaders should check old assumptions about the role renter households play in their communities, said Andrew Jakabovics, vice president for policy development at Enterprise Community Partners, an affordable housing nonprofit.

Homeowners have traditionally been regarded as more engaged, with more at stake in the long-term prospects of their neighborhood, Jakabovics said. That view can unfairly shortchange renters.

“It goes a long way just to make sure you’re valuing renters and making sure voices are heard when it’s time to allocate resources to schools or parks or transit lines,” he said.



(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908910)



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Date: March 24th, 2017 4:47 PM
Author: Spectacular chartreuse corner associate

we maed it

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908921)



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Date: March 24th, 2017 4:48 PM
Author: Adventurous amber juggernaut giraffe



(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908926)



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Date: March 24th, 2017 4:51 PM
Author: gay scourge upon the earth really tough guy



(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908960)



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Date: March 24th, 2017 4:49 PM
Author: Contagious trailer park

inching ever closer to a brazil-like society.

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908939)



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Date: March 24th, 2017 4:50 PM
Author: Adventurous amber juggernaut giraffe

I look forward to living in a sweet flyover favela

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908947)



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Date: March 24th, 2017 4:51 PM
Author: Silver Charismatic Home



(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908959)



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Date: March 24th, 2017 4:53 PM
Author: medicated roast beef



(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908979)



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Date: March 24th, 2017 4:54 PM
Author: Razzle massive puppy

Meanwhile in Russia everyone owns their own hovel. Homeownership rates are over 85%.

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909005)



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Date: March 24th, 2017 4:57 PM
Author: Razzle massive puppy

https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate

Communism did one good thing in eastern europe and thats give everyone their own home and dacha mortgage free.

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909042)



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Date: March 24th, 2017 5:02 PM
Author: electric elite abode shitlib

Well, it is actually the combination of Communism plus privatization after Communism was eliminated. During Communism no one owned anything.

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909093)



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Date: March 24th, 2017 5:05 PM
Author: Razzle massive puppy

Wrong. Title existed. People owned property. My grandfather owned like 15 homes in Soviet Ukraine all nice and legal. Rudimentary mortgages even existed but were prohibitively expensive for most not due to interest rate but due to insane collateral requirements. Privitization of apartments started under Breshnev.

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909123)



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Date: March 24th, 2017 5:01 PM
Author: electric elite abode shitlib



(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909079)



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Date: March 24th, 2017 4:53 PM
Author: Razzle massive puppy

I made a lot of money recently when my brother sold his business and I owned 1/3 of the shares. I used $50k to paydown my mortgage a bit and with the rest Im closing on a second house by me that I will rent out to more Russian chicks who come here to give birth to anchor babies. Faggots who cant even buy 1 house I will never understand. Thats also where the gelt for my new $4k bed and water rower came from. Tindersloots ring too but thats another story....

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32908985)



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Date: March 24th, 2017 5:01 PM
Author: Soggy aromatic den

Sooooo we are basically Hong Kong now. Thanks, GC?

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909086)



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Date: March 24th, 2017 5:02 PM
Author: Racy National Mother

good, now maybe we can bring down the home price ponzi scheme propped up by mass immigration and zoning and ordinances and regulations

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909095)



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Date: March 24th, 2017 5:04 PM
Author: Trip Yarmulke

Cities that have long been home to property owners are now experiencing a huge influx of rental properties - but without the infrastructure and legal protections for tenants that you see in cities with a long history of rental stock.

I wonder (((who))) will benefit from this?

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909114)



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Date: March 24th, 2017 5:26 PM
Author: flatulent casino wagecucks

Cq

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909312)



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Date: March 24th, 2017 5:27 PM
Author: Spectacular chartreuse corner associate

how do I make money from this?

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909326)



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Date: March 24th, 2017 5:30 PM
Author: flatulent casino wagecucks

http://www.seattletimes.com/seattle-news/politics/a-primer-on-seattles-new-first-come-first-served-renters-law/

This is the next step, which will force small landlords out and give the market over to gc.

(http://www.autoadmit.com/thread.php?thread_id=3563218&forum_id=2#32909354)