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Housing

Monday 22nd of July 2024

Housing 67 percent of markets require at least 30 percent of wages to buy a home headline, PR Newswire, September 26, 2019 © 2019 Kwiple.com
Housing About three-quarters of the US is now “housing unaffordable” for average wage earners. Rana Foroohar, Financial Times, October 6, 2019 © 2019 Kwiple.com
Housing Adorned with gold and marble, it looks like Saddam Hussein went on a shopping spree with Liberace. Edwin Heathcote, on Donald Trump's penthouse apartment at Trump Tower Fifth Avenue, in New York Financial Times, February 17, 2016 © 2016 Kwiple.com
Housing But the fact that a multinational PE [private equity] firm can become the country?s biggest landlord is something that simply doesn?t sit well with a lot of Americans. It illustrates all too starkly how the financial markets seem to exist in in a closed loop of service to themselves. Rana Foroohar, Financial Times, February 13, 2022 © 2023 Kwiple.com
Housing During the boom years, IndyMac charged high interest rates (defined by the government as more than 3 percentage points above prime) to 24 percent of its white borrowers, but 36 percent of Hispanics and 43 percent of African Americans. Aaron Glantz, Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream © 2020 Kwiple.com
Housing Every fucking room here is round. The New Yorkers love this shit. Gil Dezer, developer of the round-roomed Armani Tower and the Bentley, the Porsche Design Tower, and several Trump towers chock full of multi-million dollar apartments replete with such sought-after luxuries as onyx, Turkish steam baths, and Japanese toilets, in Sunny Isles Beach in Miami-Dade County, a.k.a. “Moscow by the Sea” or “Little Moscow” © 2023 Kwiple.com
Housing The fact that some thirtysomethings now own pricey homes in London, New York and San Francisco, despite it  taking the average earner 20 to 30 years to  save up the required deposit in these cities, gives away the open secret of millennial success: substantial parental assistance. Research from property broker Redfin in February showed that 36 per cent of young Americans had financial help from family when buying their first home. Seemingly, home ownership in the US is becoming increasingly hereditary, just as it is in Britain. John Burn-Murdoch, Financial Times, April 12, 2024 © 2024 Kwiple.com
Housing The Fuenteses’ fall from homeownership into housing instability offers a preview of how climate change will affect us over the century to come: It will alter not just where we live, but how we live. Long-term homeownership will become more difficult and more expensive in many places, and many communities will find themselves upended or erased, separating millions of people from the places they call home. By the end of the century, our ideas about what “home” means will have been substantially unsettled. Jack Bittle, New York Times, February 4, 2023 © 2023 Kwiple.com
Housing Housing accounted for 23 percent of the average household's total expenditures in 1901, 27 percent in 1950, and nearly 33 percent in 2018, according to data from the United States Consumer Expenditure Survey. Those squarely in the middle of the income distribution spent slightly more, or 34.5 percent. New York Times, October 3, 2019 © 2016 Kwiple.com
Housing Housing units earmarked for low-income residents have virtually no impact on surrounding property values in major U.S. metro areas, according to an analysis of home-price data that that runs counter to the conventional view that such projects cause nearby property values to decline. Wall Street Journal, November 29, 2016 © 2016 Kwiple.com
Housing I wish the rent Was heaven sent. from “Aspiration” by Langston Hughes © 2017 Kwiple.com
Housing In a typical year,  the country builds more three-car garages than one-bedroom apartments. Dante Ramos, The Atlantic, July/August 2023 © 2023 Kwiple.com
Housing In this booming housing market, many homeowners earned more last year from home appreciation than from their jobs. Zillow Group Inc.’s home value index, which estimates the value of the typical  U.S. home, rose 19.6% in 2021 to $321,634, an increase of $52,667 from 2020. That figure was slightly higher than what the median U.S. full-time worker earned, which was about $50,000 last year before taxes, according to Census Bureau data cited by Zillow. Wall Street Journal, March 17, 2022 © 2022 Kwiple.com
Housing More square footage is dedicated to parking each car than to housing each person. Henry Grabar, Paved Paradise: How Parking Explains the World © 2023 Kwiple.com
Housing Queens man evicted — — — — — A 74-year-old Jamaica Estates developer has less than three months left at his current address after Americans overwhelmingly voted him out the White House, the AP projected Saturday. headline and lead, Queens Daily Eagle, November 7, 2020 © 2020 Kwiple.com
Housing Since the early 1970s, the lion's share of national income growth has accrued to the wealthy, who used some their gains to build ever larger houses. The near-wealthy, who travel in the same social circles, also built bigger, and so on down the income ladder. Although median incomes grew little during the past half century, the median new house grew from about 1,500 square feet in 1973 to almost 2,400 square feet today. Without invoking the power of behavioral contagion, it's difficult to explain this change. Robert H. Frank, The Atlantic,  March 2020 © 2020 Kwiple.com
Housing Studies have found that the rich and the poor are more likely than middle class to live in flood zones, and are thus the most likely to be faced with property destruction and a mandate to try to rebuild. Annie Lowery, The Atlantic, December, 2017 [aesthetics of liveing near water vs. affordability of housing] © 2020 Kwiple.com
Housing There is that most ubiquitous of all “luxury features,” a bidet in the master bedroom. There is one of those kitchens which seem designed exclusively for defrosting by microware and compacting trash. It is a house built for a family of snackers. Joan Didion, on “Taj Mahal,” the 8-bedroom, 8-bathroom, 12,000 square feet Governor's mansion built in Carmichael, CA, for Ronald Reagan by his friends, but never lived in by Reagan or any later governor © 2017 Kwiple.com
Housing These are assets, not homes. Thomas Frank, on suburban McMansions © 2018 Kwiple.com
Housing This is what the recovery from the 2008 crash looks like. People scrambling to pay rent for decrepit houses, houses that let everyone cash in except the occupants: the company that bought the home, the investors that financed that company, the bank that securitized the home's debt, the bondholders who bought those securities, and the speculators who make bets on whether the bonds will pay out or not. Francesca Mari, New York Review of Books, June 11, 2020 © 2020 Kwiple.com
 
Housing Would it have been nicer if we got Osama bin Laden a lot sooner than that, wouldn't it been nice? Living – think of this, living in Pakistan, beautifully in Pakistan and what I guess in what they considered a nice mansion. I don't know, I've seen nicer. Donald Trump © 2018 Kwiple.com