Apr 12, 2016
PLUS: Landlords Beware The Accusation Of Discrimination!
Some interesting research has come out that might just shed some light on the low inventory we have been seeing. At the center of the case being made is that the Gen X folks are not doing what typically happens. Since their natural home progression was interrupted by the downturn, they are not selling their homes to upgrade to bigger homes as past generations have. The idea is kind of interesting and definitely worth taking a closer look at.
The fine folks over at Housing and Urban Development (HUD) have written up a paper in which they assert that landlords would be in violation of the Fair Housing Act in cases where they do not rent to a tenant because of their criminal history. It is exactly the kind of bureaucratic over reach that we should all be aware of by now. The point is to basically attempt to extrapolate any action into something that relates to race or some other protected category which then give the government the right to tell you what you can and cannot do with your property. Oh, and of course you are guilty till proven innocent on this one, so there is that going for you.
We will also take a look at current interest rates - we are seeing them hovering at a 3 year low!
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