Empasize Affordable Properties
April 30th, 2008 | by Robert |
President Bush may be pushing for advocates for home ownership, but a joint study released by both the Center for Economic and Policy Research and the National Low Income Housing Coalition are saying that more emphasis should be on rental and affordable properties.
Due to the surging rates of foreclosures, people will choose the apartment options this year. There’s a figure stating that 1 million people rented apartments last year compared to 139,000 more people looking into buying a house.
“With or without proactive policy, the transition from owner-occupied housing to rental housing is happening,” the report said. “In these bubble markets, policymakers must not only be less committed to sustaining ownership and home values, but also must proactively facilitate the conversion to rental of vacant, foreclosed and delinquent units to limit the pressure on the rental market.”
Sorry, comments for this entry are closed at this time.