479 Eldridge, 43203

When things get too crazy I just browse through the rental and sale prices for real estate on Marketplace. It's a super time waster, and mind relaxer since I'm not in the market to rent or buy.

Just looked at a nice little ca. 1920 2 story with 2 baths with 1038 sf for $875/month.. Yard is small, but dogs OK. Backyard storage unit. Don't see a garage, but there's a drive-way slab behind it. That's good for our weather. I see an AC unit outside that looks new. Wiring updated based on the conduit I see. Wonderful front porch, a bit of a climb from the sidewalk, but the steps look like new concrete. My guess is people enter from the ally in the back rather than park on the street. Has a back porch with extra security enclosure. I think I can see security lighting in the back which has a privacy fence.

First floor looks like hardwood floors, bedrooms carpeted. We used to own a house built in this era, and closets are always small. The photo doesn't show a lot of the kitchen, but the black appliances all match, so it's not copper tone or pink.  Arched doorways on first floor.  The neighborhood doesn't look the best based on school district--it's a clue when they don't list the high school district, but Columbus has some great private and Catholic schools. The owner has put some thought and effort into keeping it up--or maybe it's a recent flip. You'd need a car because the public transportation isn't the best (it rarely is in Columbus).

Oh, and there's a basement, but if you've ever lived in a home built in the early 20th c., you probably won't use it for anything except storage, although when I was a kid, they were great to play in. My brother and I used to roller skate in the basement of the home we had in Forreston.

Marketplace—a fascinating website

Sometimes I see something on Columbus Marketplace and wonder what Chip and Joanna Gaines (HGTV) could do with this?

When selling property, it never hurts to remove the trash bags from the front yard.  Of course, it says, “as is” and I guess new owner gets the trash.

https://www.facebook.com/marketplace/columbus/

“4BR 2bath 1846sf SF house in Grove City OH 43123
WB fireplace, finished attic/loft (can be converted to 5th BR), finished basement, 0.3 acre lot, built 1938, Southwestern school district. As-Is. cash/hard money/conventional loan”

https://www.countryliving.com/home-design/a37022/chip-and-joanna-gaines-christmas-decor/

https://www.countryliving.com/shopping/g3403/magnolia-home-decor/

The need for affordable housing in Columbus, Ohio

I just read yet another article in Columbus Business First “Stop being scared of people who need affordable housing”  on the need for low income housing in Columbus—this time to satisfy the need for workers by Columbus businesses and those businesses which might relocate here if there was a solid pool of workers. AFFORDABLE in government housing speak means money has been transferred from tax-payer abc to entitlement receiver xyz, but many in that chain are not poor--they are staffers in government backed programs and agencies (like HUD, USDA, HDAP, OHFA COHHIO) earning good salaries, with excellent benefits and job security, which is why the programs must be continuously expanded.  I looked through the list of agencies, non-profits and city employees who attended the meeting.  Then I looked back through my blog to 2008, when I’d written on this topic. Ten years ago the plea was that good housing transforms lives. And I said:

“Housing doesn’t change lives. Marriage does. Parenthood does. Faith in God does. Employment does. Education can. Art and music can. Pets might. Leisure activities don't. Substance abuse will definitely change your life downward. But not housing. Ask any landlord who turned the keys over to a careless, slovenly tenant. Housing doesn’t create safe neighborhoods; it doesn’t get transportation issues funded; it doesn’t improve health; it doesn’t pass bond issues. In partnership with the private sector, this kind of housing for low income people creates jobs and profits for the construction companies.”

Our first home was a duplex, purchased for $14,000 in 1962.  Our renters paid the mortgage, we borrowed from my father the down payment.  Then in 1964 we bought a second house in a better neighborhood and rented both units.  That paid for both houses and a car payment. If we hadn’t bought that first run-down, sweat equity duplex in a neighborhood on the way down, we wouldn’t be where we are today.  But being a landlord was the pits.  I wouldn’t wish it on any couple in their early 20s.  

My parents’ first home was a small, two bedroom with a down payment from my father’s grandmother.  My parents and the babies slept in one bedroom and 2 men rented the other bedroom, and also boarded there. I think one of my aunts slept on the living room couch.   But with 4 children, they sold it and bought a larger 2 bedroom one street over (3 girls in one bedroom and my baby brother in my parents’ room) and didn’t need boarders to pay the mortgage.  No grants, subsidies, tax credits, just a loan from a family member and a mortgage based only the husband’s income (even in the early 60s, a wife’s income wasn’t taken into consideration on what a mortgage applicant could afford).

According to my 2008 blog entry, The Columbus Housing Partnership (dba Homeport) was 20 years old then and had  developed over 4,000 affordable homes which had served over 23,000 people.  So CHP is now 30 years old—should there be any lack of affordable housing in Columbus?  When the original owners 30 years ago, moved out and up, shouldn’t new home owners have taken their place? The original owners would now be grandparents able to help out family members, right?  Other agencies mentioned in the Business First article were Coalition on Homelessness and Housing in Ohio (which was founded in 1974),  Affordable Housing Alliance of Central Ohio, Affordable Housing Trust for Columbus and Franklin County, and Columbus Department of Development.

I’ve seen real estate ads for Columbus that are definitely affordable, and closer to public transportation than planting a development in the suburbs, but they are all in neighborhoods that need good city support—police, fire, schools, small shopping areas, decent utilities, etc. and none will qualify for various fancy loan vehicles.  I think they are looking in all the wrong places for affordable housing.

Where can the middle class afford a home? Ohio

“Some 86% of homes in the Akron, Ohio area are within reach of middle-class buyers in the area, the highest share in the nation, according to a report from Trulia, the real estate listings site. The next two cities on the list, with 85% of homes affordable to middle class, are Dayton and Toledo, respectively.”

http://blogs.wsj.com/developments/2013/10/10/where-can-the-middle-class-buy-a-home/?mod=trending_now_3

Capitalism, Corporatism, Socialism and Fascism

"Capitalism is (or was) an “economic system in which capital was privately owned and traded; owners of capital got to judge how best to use it, and could draw on the foresight and creative ideas of entrepreneurs and innovative thinkers.” The main dynamic of the market system is the relationship between the producer and the consumer. Corporatism, by contrast, brings to the fore the role of the “managerial state,” in which the government takes on an increasingly larger task in telling producers what they should produce and consumers what they should consume. This can be done in many ways, some more implicit and others more aggressive. Corporatism is distinct from socialism, because under corporatism the means of production (capital) remain in private hands. But the private firms are not simply free to respond to market signals. Instead, under a corporatist structure, the government directs firms in the ways in which they should employ their resources, sometimes through moral suasion, but more often through regulation, tax policy, and legal directives. Fascism, which uses coercion, bullying, and demagoguery to control private firms, is an extreme form of corporatism."

From Corrupted Capitalism and the Housing Crisis by Jordan Ballor, Acton Commentary, Feb. 15, 2012

The media are kind to Obama

But they lie to us. Here's an example. "Mixed data reflect fragility of economic recovery" by Sara Murray, WSJ, Sept. 30, 2009

I realize she didn't write the headline, but the graphs don't exactly show a "recovery," more an occasional blip. In most of those cities, the home prices are still above 2000 levels, despite the dramatic drop beginning when the sub-prime mess revealed the folly of the constant government interference in the housing market by using it as a carrot for politicians of both parties and non-profits like ACORN to look good to low income people.

Only one city, Detroit, owned for decades by Democrats pushing wealth transfer, dropped below 2000 levels. The upticks recorded in July were tiny, with Minneapolis the best, Las Vegas the worst.

But back to "words matter."

I know I sound like a broken record, but if this article had been written during the Bush years, there would have been considerable differences.

"Consumer confidence drops, despite a tiny rise in home prices in a few cities during July, underscoring the disastrous decisions of the Bush administration in how to lead us to a recovery."

I shouldn't provide Obama any hints, but if the media were as vigilant with him as they were with Bush, I think he would be ahead of the game with rising poll numbers instead of dropping. They could have been corrective. Just by telling the truth, which they didn't do during the Bush years.

What is a mixed metaphor?

A combination of two or more metaphors that together produce a ridiculous effect wordnetweb.princeton.edu/perl/webwn

In today's Wall Street Journal we had this gem:

"Housing is on life support. . .until market forces replace the prostheses of government."

Most people on life support don't need a prosthesis, let alone more than one. And usually the government pulls the plug with its plan, as it will seniors relying on Medicare.