Homeownership
The 'Sword and Shield' Approach to Preventing Foreclosure Evictions
More Immigrants Moving to Midsize Cities
Americans Spending More On Housing Than Ever
Canadians Overinvested in Their Homes, Says Florida
City Officials Try to Thwart Apartment Buildings
Accustomed to Decline, One Neighborhood in Flint Bucks Trend
Steep Decline in Homeownership, Home Building Predicted
Affordable Mortgage Plan a Flop, Says Frank
The American Dream in Reverse
Ending the Ideology of Homeownership

Physical Effects Of The Declining Housing Market

Who Pays for the Subprime Lender Meltdown?
Scrambling to grab that elusive “American Dream” of homeownership, millions plunged into the subprime mortgage market to build wealth through appreciation (if not speculation). Pundits cheered as the ownership rate crept up, lauding the pluck of aspirational minority and immigrant families.
There’s a reason it is called subprime, though. Lenders offered a smorgasborg of loan “products,” but the bottom line was that they are all very costly for the borrower – often entailing adjustable-rate surprises in the 30 percent or higher range.





















