http://dcentric.wamu.org/2011/07/black-home-ownership-and-the-american-dream-in-ward-8/ Race, Class, The District. Mon, 16 Jul 2012 03:01:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://dcentric.wamu.org/2011/07/black-home-ownership-and-the-american-dream-in-ward-8/#comment-712 Anonymous Thu, 21 Jul 2011 20:34:00 +0000 http://dcentric.wamu.org/?p=8684#comment-712 Might I point out that were are in the midst of a mortgage foreclosure crisis that came about, in part because of  a blind push towards HOUSE ownership even if the financing (through the mortgage loan) was financially unsustainable.  Barry's solution assumes if you provide a certain housing type then house ownership will follow.  Instead, affordable housing should be available in a variety of forms to meet people's different needs and goals.  A rental apartment might be more appealing since you do not directly pay for taxes or upkeep.  A condo might be appealing if you get the right financing to make the mortgage, maintenance fees, taxes and insurance affordable.  An affordable house might be appealing for a larger family if they get the right financing to make the mortgage, have enough extra for repairs and the homeowners assn. fees, taxes and insurance.   If we learned anything from the crisis is that people need sensible choices.   Might I point out that were are in the midst of a mortgage foreclosure crisis that came about, in part because of  a blind push towards HOUSE ownership even if the financing (through the mortgage loan) was financially unsustainable.  Barry’s solution assumes if you provide a certain housing type then house ownership will follow.  Instead, affordable housing should be available in a variety of forms to meet people’s different needs and goals.  A rental apartment might be more appealing since you do not directly pay for taxes or upkeep.  A condo might be appealing if you get the right financing to make the mortgage, maintenance fees, taxes and insurance affordable.  An affordable house might be appealing for a larger family if they get the right financing to make the mortgage, have enough extra for repairs and the homeowners assn. fees, taxes and insurance.   If we learned anything from the crisis is that people need sensible choices.  

]]> http://dcentric.wamu.org/2011/07/black-home-ownership-and-the-american-dream-in-ward-8/#comment-697 Floridafreedom Wed, 13 Jul 2011 10:38:00 +0000 http://dcentric.wamu.org/?p=8684#comment-697 We need more apartments and SROs, not fewer! This "homeownership" drive benefits only the wealthy and hurts us renters, treating us as though we don't exist. Marion Barry is dead wrong n this. We need more apartments and SROs, not fewer! This “homeownership” drive benefits only the wealthy and hurts us renters, treating us as though we don’t exist. Marion Barry is dead wrong n this.

]]>