The Hard Landing For Housing is Already Here
The market is suddenly assuming that since energy prices are declining and mortgage rates are drifting down, consumer spending will pick up and the housing industry decline will end. In our view this outcome is highly unlikely. Our negative outlook for consumer spending is based far more on the end of the housing boom than it is on high oil prices. In turn, it is now evident that housing is already undergoing a hard landing that can’t be cured (…)
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The Hard Landing For Housing is Already Here
25 September 2006 par (Open-Publishing)
1 comment -
Iraq Veterans Facing Homelessness
25 June 2006 par (Open-Publishing)
2 commentsNEW YORK As a member of the National Guard, Nadine Beckford patrolled New York train stations after Sept. 11 with a 9mm pistol, then served a treacherous year in Iraq.
Now, six months after returning, Beckford lives in a homeless shelter.
"I’m just an ordinary person who served. I’m not embarrassed about my homelessness, because the circumstances that created it were not my fault," said Beckford, 30, who was a military-supply specialist at a base in Iraq that was a sitting duck for (…) -
VENEZUELA: Many Housing Plans, but Limited Resources
9 June 2006 par (Open-Publishing)
by Humberto Márquez
CARACAS, Jun 8 (IPS) - "Where’s the end of the line? Another queue; whatever it takes to get a house," said Ángela Rodríguez as she reached Panteón Plaza in the Venezuelan capital, where thousands of housing rights activists who support President Hugo Chávez gathered after a recent march through the central part of the capital.
Seven or eight out of every 10 of the participants in Sunday’s march were women. Amidst the heat and the chaos in the plaza — there were no (…) -
The Catastrophe Is Not Over
31 January 2006 par (Open-Publishing)
By Jennifer Moses
BATON ROUGE, La. — While the rest of the country wakes up in the morning to read about the latest round of Washington scandals, the misery in Louisiana continues unabated. Except for a few older, historical neighborhoods on "high ground," New Orleans is uninhabitable, and Cameron Parish, in the southwest corner of the state, basically no longer exists, having been wiped out by Hurricane Rita.
Meanwhile, though Congress passed a $29 billion aid package for the Gulf Coast (…) -
TRAILER CASH: US paying $3,300/month to lease trailers for Katrina victims
29 January 2006 par (Open-Publishing)
2 commentsIf FEMA could distribute the fortune spent on trailers directly to those in need of housing, the recipients might find a much nicer place to live, and even have money left over for home repairs. But there’s a catch: That’s illegal
Those displaced by Hurricane Katrina and seeking a temporary trailer don’t get to kick the tires or discuss financing plans, but a look at the ultimate sticker price might make them wish they could: $59,800.
That’s the cost to taxpayers for the trailer’s (…) -
Discrimination against mobile dwellers in France
18 January 2006 par (Open-Publishing)
Taxation without recognition?
Although not recognised officially as housing, caravans will now be paying council tax.
The 2006 finance law introduces council tax for people living in mobile, land-based dwellings, mainly caravans and camping-cars. This aggravates existing discrimination and contradicts recent presidential and government statements.
The situation is pure dynamite. Will this blow it up?
All depends on what will happen during the next few months.
In fact, the law will (…) -
Children die in Paris hostel fire
26 August 2005 par (Open-Publishing)
2 commentsFourteen children and three adults have died in a fire that swept through a building in Paris housing African immigrants, French police say.
The fire broke out in the capital’s 13th district shortly after midnight. Thirty people were injured.
Some 200 firefighters took two hours to control the blaze and help many of the building’s 130 residents to safety.
In April, 24 people died in a fire at a Paris hotel also housing immigrants, prompting calls for better housing.
Friday’s fire (…) -
Paris’s poor struggle to find decent homes
24 July 2005 par (Open-Publishing)
5 commentsBy Kerstin Gehmlich
PARIS. For the last year, Fatima Louarn and her family have shared a tiny Paris hotel room because they could find nowhere else to live. Now she is pregnant and the owner wants to kick her out.
About 8,000 people live in shabby hotels in Paris, often sharing a bathroom with dozens of other people, and living off sandwiches because they are not allowed to cook in their rooms.
"It’s not a life. You feel like you’re in prison," says Louarn, a 37-year-old unemployed (…)