Los Angeles Expects to Turn Away 96 Percent of Subsidized Housing Applicants – Mother Jones

Los Angeles Expects to Turn Away 96 Percent of Subsidized Housing Applicants – Mother Jones: "When Los Angeles opens applications to join its waitlist for subsidized housing vouchers in a couple of weeks, the city’s housing authority expects that it will receive more than 600,000 applications. According to the Los Angeles Times, the waitlist’s capacity is just 20,000, which means that 580,000 of those who apply will be told, more or less, ‘Sorry, better luck next time.’

The lucky 20,000 then stand to wait a up to a decade for a voucher to become available."

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I think we can safely call that a housing crisis, don't you? LA has what some say is the least affordable housing prices in the US. Some cities are higher in dollars, but not necessarily relative to income.

“Instant neighborhoods” don’t make for great cities, but DC insists on them – Greater Greater Washington

“Instant neighborhoods” don’t make for great cities, but DC insists on them – Greater Greater Washington: "In certain corners of DC, flocks of construction cranes are busy assembling dozens of apartment towers from scratch – while other neighborhoods look much the same as they have for decades. This imbalance is quietly undermining the character and continuity of DC's urban fabric by eroding the physical, economic, and social diversity within neighborhoods. Yet DC's planning policies explicitly encourage this pattern when they single out a few areas to develop all at once, while exempting other areas from growth."

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This kind of planning is not conducive to having any sense of community. Jane Jacobs would be protesting.

Beverly Hills Homeowners Band Together Against Justin Bieber | Vanity Fair

Beverly Hills Homeowners Band Together Against Justin Bieber | Vanity Fair:

I guess his reputation has preceded him. The neighborhood is organizing to keep him from renting a home.

Arizona HOA managers accused of stealing nearly $1.3M from groups

Arizona HOA managers accused of stealing nearly $1.3M from groups: "Federal prosecutors are accusing the owners of Phoenix-based Eagle Property Management of taking almost $1.3 million from several Valley homeowners associations."

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Why does this happen so often? Perhaps because of the lack of regulation and oversight of the property management industry, and the fact that HOA/condo association directors and officers are often not willing or able keep an eagle eye on things.

Manhattan Condos Are Barely Yielding More Than Government Treasuries - Bloomberg

Manhattan Condos Are Barely Yielding More Than Government Treasuries - Bloomberg:

"Manhattan condo buyers who rent out their apartments are getting little more yield than they would with government debt. Newly purchased condos that were listed for lease in the second quarter brought their owners a median return of 2.5 percent, according to an analysis released Monday by property-listings website StreetEasy. It’s been stuck at that level since the end of last year, the lowest in data going back to 2010. The median yield on relatively risk-free 10-year Treasury notes was 2.25 percent in the second quarter. “This is the lowest point we’ve seen in history,” Grant Long, a senior economist at StreetEasy, said in an interview. “It’s a steady downward trend.”

HOA fight over World War II tank in River Oaks | khou.com

HOA fight over World War II tank in River Oaks | khou.com

"Attorney Tony Buzbee bought a fully functional World War II tank overseas last year for $600,000. Now he's temporarily parked it outside his multi-million dollar home in River Oaks. "Took a year to get here but now it's on River Oaks Boulevard," said Buzbee. "This particular tank landed at Normandy. It liberated Paris and ultimately went all the way to Berlin. There's a lot of history here." But now the River Oaks Property Owners group isn't happy about it. "It's not violating any ordinance, but for some people it makes the homeowners association uncomfortable," said Buzbee. They sent Buzbee a letter saying the tank "impedes traffic", causes a "safety issue" and is causing "serious concerns for neighbors". "If you're offended just lighten up, my goodness it isn't hurting anyone," said Buzbee."

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You just knew it had to be an attorney, right?