U.S. housing industry pushes costly HOAs, condos, & apartments

By Deborah Goonan, Independent American Communities When you look at the Big Picture, it’s easy to see why housing is so expensive in the U.S. Today IAC highlights 4 national trends toward higher density, multifamily housing, with a big emphasis on suburban condos and building more rental apartments. See if you can spot real estate industry PR, which is shifting away from detached single family housing, private land ownership, and homeownership in general. Also note Continue ReadingU.S. housing industry pushes costly HOAs, condos, & apartments

Are billionaire private-equity firms exploiting mobile home owners?

Greed money womans face

  By Deborah Goonan, Independent American Communities Beyond big cities, manufactured homes and mobile home parks are one of the few affordable housing alternatives for millions of Americans. But as small mobile home park owners sell to large real estate corporations, living conditions are deteriorating. At the same time, land rents continue to rise, according to one report in the Washington Post. The WaPo report is one of dozens I’ve read over the past several Continue ReadingAre billionaire private-equity firms exploiting mobile home owners?

HOA, condo & co-op corruption and fraud roundup (Feb. 2019)

Arrest handcuff fraud theft

By Deborah Goonan, Independent American Communities This month’s roundup: light sentences and no jail for convicted HOA embezzlers; an affordable housing developer disappears with deposit money; and unqualified owners of affordable housing forced to sell the home. No jail for man who stole $352K from Galloway homeowners group (NJ) February 25, 2019 11:41 am Lynda Cohen A man who stole more than $352,000 from a Galloway Township homeowners association was sentenced to 90 days on Continue ReadingHOA, condo & co-op corruption and fraud roundup (Feb. 2019)

Condo owners oppose rental housing funded by tax credits (WI)

Condo apartmentInterior 3

By Deborah Goonan, Independent American Communities According to a report in Kenosha News (WI), about 40 homeowners in Creekside Crossing Condo Association are protesting new development that will include rental apartments. Owners say they want to keep their pond view, and fear that seven 120-unit apartment buildings will lower their property values. Condo owners at the meeting are also dead set against low-income housing, because they fear it will bring more crime to their neighborhood. Continue ReadingCondo owners oppose rental housing funded by tax credits (WI)