Left In Lowell

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January 4, 2007

Thinking Out Loud for 1/5/2007

by at 11:05 pm.

I haven’t had as much time to promote this month’s Thinking Out Loud, and I meant to - my Friday show will be featuring people talking about affordable housing and the many issues all throughout January, and possibly spilling over into the days I don’t host, including in the other languages in TOL’s daily second hour.

Tomorrow should really prove informative for everyone - we will having Ed Sanchez, Home Ownership Programs Director for the Coalition for a Better Acre on the show. The program’s aim is to guide and advise future and current home owners - whether poor or middle class, knowledgeable about housing purchase or not - into making an informed choice, and to see their way into home ownership without the pressures of a sales pitch. I am certainly looking forward to speaking with him. Promoting more home ownership (while fighting preditory lending) among those that traditionally do not buy homes is one really innovative, important way to deal with the affordable housing crisis.

You can stream the show live here.

After the show, I’m going to be really busy all day, so you can also use this as an open thread.

16 Responses to “Thinking Out Loud for 1/5/2007”

  1. waittilnextyr Says:

    The cost of a home is driven by many factors, not the least of which is supply/demand ratio. There is some relaxing of that right now, so this may be the best year to buy if it is possible for one to do so.

    But the cost of everything is going up, and that is partially due to the depressing of the dollar that has occured over the past several years. The federal government just prints more of them to cover deficits that exceed $500B each year (don’t believe it when they tell you it is less than that), so the value of each one is less.

    Bottom line is that there is a current lull in the escalation of house prices, but we can’t expect a substantial reversal. Maybe there is some hope in limited areas if the price of land can be taken out of the equation by organizations such as CBA.

    As he has wrought havoc with the economy, so has he in Iraq, where he now comes 4 years late in trying to define his “mission”.

    “One thing is for certain: I will want to make sure the mission is clear and specific and can be accomplished,” Bush said Thursday

  2. Shawn Says:

    Supply/Demand is a major issue when it comes to housing.
    Here in New England, most of our cities and towns have used up or are getting close to using up open space. Developers now often have to buy up old property (at current/market rate) and then get it rezoned, demolish and rebuild.

    Any developer will tell you that much of the costs involved in building affordable housing have more to do with the permitting processes and state regulations (ecological/conservation/smart growth/40b/building codes/labor).

    A general reduction in regulation, and getting towns to commit to a common permitting process would do a world of good in reducing costs.

    Once again, its a moonbat conundrum… trade-off of conservation and other regulations for affordable housing.

  3. Matt Says:

    Since you mentioned CBA, I was wanting to know, do they have any information on renting? I’m moving to Lowell and the online services seem outdated and limited.

  4. Mr. Lynn Says:

    Not surprising. The place we are in now we just happened to see while driving around. While looking though, we found craigslist to be fairly helpful. Just do a search on the term “Lowell”.

    http://boston.craigslist.org/about/apts.html

  5. Josh Says:

    It really doesn’t have much to do with the budget deficit or lack of land.

    In Massachusetts, (as Shawn pointed out) it has everything to do with the ridiculous amount of regulation in place. Harvard economist Ed Glaeser has done extensive research on the subject.

    The housing bubble in general is a result of Fed policies. I don’t wanna go into the theory (look up Austrian Business Cycle Theory if any of you gets bored. It’s interesting stuff), but it there’s excess credit being malinvested in the real estate market (sorta like the dot com bubble a few years ago). My prediction: Recession in the summer of 2007 as the market corrects itself.

  6. Josh Says:

    Also… Lynne, could you please give me a clear definition of “predatory lending?”

  7. Matt Says:

    Ah, yes Craigslist. I used that a few weeks ago and forgot all about it. Thank you Mr. Lynn.

    Moderators, feel free to remove my unrelated comments.

  8. Mike Says:

    Predatory lending usually happens in poorer communities where the lender comes in and will give a loan to anybody (at an extremely high rate), thereby ending up with large interest profits or real estate once the borrower eventually defaults.

  9. JIM Says:

    LYNNE, IF YOU SPENT 1/2 YOUR TIME CONCENTRATING ON THE GOOD OUR DELEGATION DOES OVERALL FOR OUR CITY, RATHER THAN BASHING THEM ON CERTAIN ISSUES YOU DONT AGREE WITH. YOUR TIME MIGHT BE BETTER WELL SPENT.THE NICKNAME YOU INHERITED “LOONEY LYNNE” MIGHT FADE AWAY AND YOUR REPLYS COULD DOUBLE IN NUMBERS.REMEMBER WHAT DEVAL SAID, WE ARE NOT ALL GOING TO AGREE ON THINGS ALL THE TIME,BUT LETS BRING OUT THE GOOD IN ALL OF US.THE POLITICS OF FEAR AND SMEAR HAS LEFT THIS STATE.
    MOVE ON LYNNE AND STAY POSITIVE
    HAVE A GREAT WEEKEND

  10. Mr. Lynn Says:

    Yeah… don’t actually look for problems… better to be a cheerleader. They, after all, grow up to be preznit.

  11. Lynne Says:

    Jim, posting in all caps is considered highly rude, a form of “shouting.” Maybe no one’s told you that before. You’ve been warned.

  12. Atilla the Nun Says:

    Hey Jim : Lay off the coffee, okay?

  13. jim Says:

    funny guys just trying to make a point

  14. Lynne Says:

    It’s not funny, it’s rude. It’s not a joke. Not to mention, your post wasn’t even worth responding to on its substance. Public elected officials should be questioned - that’s the job of an informed electorate. Not my fault if you happen to take it personally.

    I’m not a damned cheerleader. I leave that for Councilor Caulfield.

  15. Atilla the Nun Says:

    Nice shot, Lynne.

  16. Abbey Says:

    scarrica winmix ….

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