The Wall St. Journal reports that some homeowners are selling their underwater homes at a loss and turning right around and investing in new homes with lower mortgage rates and getting more house in the process.
Why invest in a market that has already burned you badly? Historically low mortgage rates mean that buyers can buy new homes and keep their monthly payments low even though the new homes are more expensive.
M.P. McQueen has the story:
"The attractive terms are spurring people like Scott Ayler, 35 years old, into action. He and his wife, Jaclyn, 33, recently decided to trade up to a larger home in their native Denver, despite taking a loss on their current house."
FULL STORY: Doubling Down on Housing
A Case Against Homeownership
Against all odds, both political parties agree on at least one thing: the merits of homeownership. But is buying a home really such a great investment, even for the well-off?
Housing Market Makes Full Recovery for Wealthy Americans
Dina ElBoghdady and Dan Keating report on the state of the real estate market as it concerns the wealthiest Americans—times are good if you are wealthy and looking to borrow money to buy a home.
The Federal Housing Administration's Ongoing, Systematic Obstruction of Density
Scott Beyer writes that despite changes to policies allowing insured mortgages by the Federal Housing Administration's (FHA), the federal government continues to obstruct density by limiting support for condo owners.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
Trump Approves Futuristic Automated Texas-Mexico Cargo Corridor
The project could remove tens of thousands of commercial trucks from roadways.
Austin's First Single Stair Apartment Building is Officially Underway
Eliminating the requirement for two staircases in multi-story residential buildings lets developers use smaller lots and more flexible designs to create denser housing.
Atlanta Bus System Redesign Will Nearly Triple Access
MARTA's Next Gen Bus Network will retool over 100 bus routes, expand frequent service.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)