Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
We couldn't get them to be responsible lenders but now that they are irresponsible homemoaners we're all over their behavior. This is why banks should never be allowed to get bigger than regional.
Nothing wrong with white trash mansions. That would be the FIRST time banks are socially responsible in increasing cultural diversity in the communities....
Sitting on my HOA's board, foreclosures terrify me.
In our state, any liens we file are attached to the property ONLY.
So any homeowner with no equity can simply stop paying the HOA, which won't foreclose if there's no equity (costs the HOA several thousand in legal fees to go through foreclosure)
We already had one homeowner who decided not to pay their dues for a couple of years while between fulltime jobs - no equity, nothing could be done about it.
And if the bank forecloses and takes it back as REO, I don't see that our HOA has any real recourse if the bank officer in charge decides not to pay the monthly dues.
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Nothing wrong with white trash mansions. That would be the FIRST time banks are socially responsible in increasing cultural diversity in the communities....
Social responsibility? Sounds like socialism to me.
Sitting on my HOA's board, foreclosures terrify me.
In our state, any liens we file are attached to the property ONLY.
So any homeowner with no equity can simply stop paying the HOA, which won't foreclose if there's no equity (costs the HOA several thousand in legal fees to go through foreclosure)
We already had one homeowner who decided not to pay their dues for a couple of years while between fulltime jobs - no equity, nothing could be done about it.
And if the bank forecloses and takes it back as REO, I don't see that our HOA has any real recourse if the bank officer in charge decides not to pay the monthly dues.
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