Posts tagged "government programs"

Realtor Support For National Flood Insurance Program May Be Misguided

Realtor Support For National Flood Insurance Program May Be Misguided
Recently the Illinois Association of Realtors sent out a Call For Action in an effort to gain support for reforming the National Flood Insurance Program. The National or Illinois associations periodically send out these Call For Actions regarding some political initiative for which they want realtors to contact their representatives for support. Often these initiatives... Read more »

The No Down Payment Mortgage Is Back With Free Government Money

The No Down Payment Mortgage Is Back With Free Government Money
Late last year I wrote about a lender giving away free money – up to $20,850 – to home buyers in certain areas around Chicago. It was indirectly related to government interference in the housing market. But late last week one of our lenders – Russ Martin of Perl Mortgage – reminded me of a... Read more »

Free Money: Lender Giving Away Up To $20,850 To Each Home Buyer

Free Money: Lender Giving Away Up To $20,850 To Each Home Buyer
Seriously. I kid you not. Free money. There is some lender out there giving home buyers up to $20,850 each! And you better believe that the government is almost certainly behind this. I was contacted by one of our mortgage bankers the other day with news of this incredible program and it is indeed for... Read more »
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Why Should You Pay For Highways When You Buy A House?

Why Should You Pay For Highways When You Buy A House?
I really hate politics. In fact, I find the government so frustrating that I can’t even watch House Of Cards because it upsets me too much (OK, it’s fiction but a lot of how it depicts Washington is accurate). And I’m no fan of lobbying either so when the National Association of Realtors sends me... Read more »

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 »
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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 »

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 »
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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 »