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How Melbourne lost its last refuge for the vulnerable

“Another man, a student, had his food stolen repeatedly while living in a private rooming house” writes Nick Evershed for theguardian.com. The responses in the survey reveal disturbing stories about private rooming houses.Steven*, aged 26, has been couchsurfing and in rooming houses for years in the area around Sunshine.Now, each morning, lines of rough sleepers and the hidden homeless spill out the doors of local access centres, waiting to be triaged and linked with housing support. Source: theguardian.com Share This:

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Fed’s Quarles: 30-year fixed-rate mortgage ‘probably’ doesn’t need government backstop

“The 30-year fixed-rate mortgage could probably survive without a government guarantee, a senior Federal Reserve official said as Congress contemplates yet another round of housing finance reform” writes Senior Economics Reporter for marketwatch.com. Housing finance should be “as private-sector driven as possible,” he said.Heidi Heitkamp, Democrat for North Dakota, whether a government guarantee was “essential” for “retaining” the 30-year mortgage instruments.The North Dakota Democrat suggested that reform of the market for housing finance would soon become the No.1 focus of the Senate Banking panel.Congress has struggled to reform the housing…

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Americans agree housing is a good investment — but some deeper differences reveal how severe the new crisis is becoming

“More than a decade after the housing bust, most Americans agree that a house is a good investment” writes Akin Oyedele for businessinsider.com. The most recent survey showed nearly two-thirds of people thought housing was a “somewhat good” or a “very good” investment.Rising home prices have inspired confidence in the housing market, and vice versa.”Of course, it is also possible that households’ enthusiasm about housing as an investment — despite the negative experience from the 2007-12 drop in house prices — helped sustain the house price recovery post-crisis.”.  Source: businessinsider.com Share This:

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London’s first housing market slump since 2009 weighs on UK price growth

“House price growth has fallen, dragged down by the first annual fall in London house prices since 2009, official statistics have revealed” writes John Caudwell for telegraph.co.uk. London drove down the overall rate of house price growth with an annual drop of 1pc in the year to February.Growth house prices fell to 4.4pc in the year to February 2018, a drop of 0.3 percentage points from January and the slowest rate of growth in seven months.On a monthly basis, prices fell by 0.1pc, according to the Office for National Statistics.The…

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Mass of pensioner-renters will hurt government finances, think tank warns

“Ageing millennial renters will present the government with a major fiscal challenge in future years, a major thinktank has warned” writes Matthew Lynn for telegraph.co.uk. Half of millennials will still be renting in their forties, and a third could still be renting by the time they claim their pensions, the Resolution Foundation has claimed in a new report on housing.Renters relying on pensions to fund their ongoing housing costs, rather than living in un-mortgaged homes could prove a major burden for the government, leading the amount spent on pensioner housing benefit…

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New York City Is Struggling to House Its Aging Population

“As non-profit affordable housing developers, we talk a lot how affordable housing provides stability and opportunity for low- and moderate-income families who are working hard to make ends meet in costly housing markets” writes Http Nyoobserver Files for observer.com. But the demand for subsidized senior housing in New York City far outpaces the supply.Mayor Bill de Blasio’s administration has called for more senior housing in its Housing New York: A Five-Borough, Ten-Year Plan. Source: observer.com Share This:

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A Small Fix for the Housing Crunch Is in Your Backyard

“Some housing experts are promoting ADUs as a small way to address the affordability crisis in high-cost places such as Seattle, the Bay Area, and Los Angeles” writes Patrick Clark for bloomberg.com. And unlike some other efforts to increase housing density, these measures generally haven’t been met with fierce opposition from antidevelopment groups. Source: bloomberg.com Share This:

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first house built in situ for human habitation using a robot 3D-printer

“Authorities in Nantes are planning further 3D-printed building projects, including a public reception building and a housing estate” writes Reuters Editorial for reuters.com. NANTES, France (Reuters) – Researchers have unveiled what they billed as the world’s first 3D-printed house to serve as a home in the French city of Nantes, with the first tenants due to move in by June.The 95 square meter (1000 square feet), five-room house will be allocated to a local family which qualifies for social housing, authorities said.The robot, known as BatiPrint3D, uses a special polymer…

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Puerto Rico to get $18.5 billion to rebuild shattered housing market

“The funds are part of a $90 billion disaster aid package signed by Trump in February” writes Midwest Communications Inc for 95kqds.com. The Virgin Islands is set to receive $1.6 billion in HUD disaster recovery funds, a department media advisory said on Tuesday.SAN JUAN (Reuters) – Puerto Rico will receive $18.5 billion from the U.S. Department of Housing and Urban Development to help rebuild its battered housing stock and infrastructure after September’s Hurricane Maria, the island’s governor and HUD officials said on Tuesday.The prevalence of informal housing, which often does not comply with building…

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