Home for Life

"As one mortgage broker I recently spoke with observed, “The whole idea of buying with resale value in mind is gone. All the countertops, the backyards, all those things are meaningless.”"

People are finally buying homes to live in and not for resale.

[Link to Home for Life]

Defending the 30-Year Fixed-Rate Mortgage

I am prone to write stinging rebukes to poorly written garbage on the web, but when I call someone out, I will devote the post to building a factual argument as to why they are wrong. I never ask anyone to just take my word for it because I am some kind of expert. Authority comes from the presentation of data in a compelling argument. Mindless rants don’t make authors an authority, it makes them lunatics.

[Source: Irvine Housing Blog] IrvineHunter rips apart The Atlantic’s Megan McArdle’s arguments that the 30-year Fixed-Rate Mortgage is to blame for the housing crisis. That’s what I love about blogs. They refute the so-called ignorant pundits with cold hard facts.

Making Suburbia More Livable

The nation’s sprawling suburbs may have been a good place to grow up, but they’re a tough place to grow old. Here’s how towns are beginning to ‘retrofit’ their neighborhoods—and what your community might look like in the future [source].

Interesting on how changing demographics are making retrofitting suburbia almost necessary. However, this could also mean increased focus on developing communities in alternative locations with different characteristics. Housing coming a full circle?

ReBurbia

In a future where limited natural resources will force us to find better solutions for density and efficiency, what will become of the cul-de-sacs, cookie-cutter tract houses and generic strip malls that have long upheld the diffuse infrastructure of suburbia? How can we redirect these existing spaces to promote sustainability, walkability, and community? It’s a problem that demands a visionary design solution

Dwell Magazine and Inhabitat.com is hosting the first ever Reburbia competition: a design competition dedicated to re-envisioning the suburbs and have just announced the finalists.