Interesting insights in all the posts.
There are a lot of pressures on housing that didn't exist in the past...like many things in the world we face today. On the front end is it an asset or a liability, with the average family occupying a home for 13 years and in their jobs an average 4.4 years, what once was an asset can easily become a liability. Increased regulations, costs, taxes, etc.... make for more external pressures than perhaps many assume. On the back end those regulations have been written by government regulators, bankers, realtors, politicians, the industry, etc... what could possibly go wrong?
Recent examples:
Goldman Sachs settlement:
http://www.mcclatchydc.com/news/poli...e24561376.html
This American Life:
Audio: http://www.thisamericanlife.org/radi...405/transcript
ADA abuse: San Francisco coffee shop targeted by frivolous ADA lawsuit « Faces of Lawsuit Abuse
The conversation about affordable housing historically is a story of economic disparity which comes to a head when worker housing becomes the issue. I have seen many creative solutions to creating that housing but only to a mitigating affect. Our bed room communities continue to grow outwardly in vibrant communities changing the textures of those areas into something else.
Gutting the middle class, more taken from every dollar, allowing illegal immigration ( a large component of worker housing) and it's affect, increased tax pressures, poorly planned community and over burdened infrastructures are just some of the reasons why I question whether a model of expansion and increased returns is viable. Complex and yet basic problems with some pretty practical solutions which, I imagine, would be easier to tackle if we weren't so politically divided. I am convinced a sustainability model is a better long term approach for something that is relevant and will protect the virtues of the communities we chose to move to, perhaps inspiring others into the same approach. Above all this needs to be done in a fiscal manner, if the budget or grants aren't there......the project isn't there either. Priorities are good as long as they fit into a comprehensive budget.
Sigba I realize you are trying to inform us of a regulation but Sinjefe is correct at the most basic of levels.....which is the level that matters most to a home owner or buyer.
If one gets a chance the green highlighted Audio is worth a listen to understand how the government connection can be so broken. The mentioned audio highlights some causation of the housing crash and reasons for it's extent. Sadly I'm not sure much has changed regarding those regulations.
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