Posts tagged "government programs"

What Will The Next Housing Crisis Look Like?

What Will The Next Housing Crisis Look Like?
On Monday I published a guest post on how mortgage lending standards have come full circle since the original housing crisis. In an effort to promote the American dream of home ownership regulators have once again eased up on the requirements for getting a mortgage. Meanwhile, it looks like Fannie Mae and Freddie Mac as... Read more »

CHA Super Voucher Program Being Scaled Back

CHA Super Voucher Program Being Scaled Back
A few weeks ago I wrote about the crazy CHA super voucher program that had a few lucky families living in some of Chicago’s finest apartment buildings while 15,000 other families waited for any kind of housing option: CHA Vouchers Paying For High Rent Apartments. Well, fortunately, it looks like the CHA is finally reigning... Read more »

CHA Vouchers Paying For High Rent Apartments

CHA Vouchers Paying For High Rent Apartments
Apparently a few lucky folks have CHA vouchers that are paying for them to live in some pretty expensive apartments. About a month ago we took on a listing to rent a townhome for $3300/ month – 3 bedrooms, attached 2 car garage, built in the last 15 years. All of a sudden I get... Read more »
Advertisement:

Obama's Student Loan Relief Program: The Inconvenient Truths

Obama's Student Loan Relief Program: The Inconvenient Truths
President Obama signed an executive order yesterday extending student loan relief to an estimated 5 million borrowers, capping their monthly loan payments at 10% of their monthly income. Another apparent something-for-nothing program, this makes for great politics but it does nothing to solve the real problem of the economics of higher education – or the... Read more »

Realtors Try To Preserve Fannie And Freddie Mortgage Loan Limits

Realtors Try To Preserve Fannie And Freddie Mortgage Loan Limits
About a month ago I wrote a post about how the National Association of Realtors (NAR) throws around their considerable lobbying weight to preserve the various housing market subsidies bestowed by the government. I specifically wrote about the FHA loan limits and the Homeowner Flood Insurance Act. However, there is another issue lurking around out... Read more »

Now I Know The Ashland Bus Rapid Transit Plan Is Dumb

Now I Know The Ashland Bus Rapid Transit Plan Is Dumb
I originally posted on the Ashland bus rapid transit plan more than 2 months ago. At that time we didn’t have all the information but I did note what I thought at the time was the key issue. The plan calls for dedicating 50% of Ashland Avenue’s transit capacity for what is today only 14%... Read more »
Advertisement:

Realtors Just Love Those Government Housing Market Subsidies

Realtors Just Love Those Government Housing Market Subsidies
I guess it’s just the American way. Always have your hand out for the next government subsidy and the politicians in Washington are always too willing to cooperate in response to powerful lobbying organizations. The National Association of Realtors (NAR) is no exception when it comes to begging for government housing market subsidies. With around... Read more »

Why Does The Government Promote Home Ownership?

Why Does The Government Promote Home Ownership?
As you may have figured out I’m not a big fan of the government’s feeble attempts to prop up the housing market. After just posting about how the government’s losses on the housing market continue to mount I once again asked myself why they insist on promoting home ownership. There are only 2 possible explanations.... Read more »

Surprise! The Government Has Lost Even More Money On Housing

Surprise! The Government Has Lost Even More Money On Housing
As if it wasn’t bad enough that the government has lost $241 B on Fannie Mae and Freddie Mac the FHA’s (Federal Housing Administration) annual financial status report to congress, released on Friday, projects that they are likely to be in the hole by $16.3 B. Although the FHA has sufficient reserves to cover about... Read more »
Advertisement:

How Politics And The Government Caused The Financial Crisis

How Politics And The Government Caused The Financial Crisis
As you know it’s very fashionable to lay the blame for the financial crisis on greedy Wall Streeters (especially if you are a politician or work in Hollywood or spend your days occupying something) but as I’ve pointed out in the past the government is largely to blame for the mortgage crisis. It just never... Read more »
  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Getting Real On Facebook

  • Subscribe To Getting Real

    Subscribe to RSS Feed RSS Feed

    Enter your email address:

    Delivered by FeedBurner

    Google
  • Meet The Blogger

    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

  • Recent posts

  • Tags

  • Monthly Archives

  • Latest on ChicagoNow

  • Advertisement: