Real Estate Execs Should Not Be in Charge of the Needy

Buying entry-level housing is considered a safe play in the real-estate world because there will always be people who need homes. But what happens when the business play on cheap housing impacts those living below the poverty line? In affluent places like San Francisco, that is precisely what’s going on.

Wealthy executives have the investment know-how to spot a profitable housing investment, and recently, they’ve turned to non-profit housing operations as a source of income.… [Read more]

The Economy’s Back! But for Whom?

Though the news this week is of the election of Pope Francis and what this means for the Catholic Church’s Legacy following the resignation of Benedict XVI, I want to focus on the big news last week. Last Thursday, the Dow Jones Industrial Average hit the astronomical all-time high of 14,253.77, and has continued breaking records for nine straight trading days.… [Read more]

Bank (Still) Behaving Badly: Snatching Homes from Widows

For many months those of us who have been paying attention to financial and economic reports have heard that the economy is growing, albeit too slow for our tastes. That’s great news on a macro level but, on an individual level, it’s all too common to still hear stories about people who are falling through the economic recovery’s cracks.… [Read more]

The New Face of Home Ownership

The American dream of the 1950s — owning a home in suburbia — is no longer what it seems. Single income households are generally a thing of the past, and residential renting became much more practical when the housing market turned downwards at the onset of the economic recession. As single family home sales stalled, condominium purchases picked up some slack.… [Read more]

U.S. Economy Experienced 2% Growth in Third Quarter – Good for Nation, Not for GOP

A report today noted the nation’s recovery is still slow, but the most recent annualised figures for the period ended September 30th reveal that the economy experienced 2% growth — and that growth was more than originally projected.

Increased strength in the housing market and higher consumer spending resulting from a slight increase in consumer spending are contributing factors.… [Read more]