tagged w/ In Development:Turbulent Housing Market
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What's an artist to do when a house is on the market for $1,900? Buy it. Transform it. And paint it green.
Thats whats happening in Michigan. A rtists Mitch & Gina Cope recently bought a foreclosed home that was pretty much gutted. So they decided to fix it up. Their ultimate goal? To power the house by enough wind and solar energy to keep it completely off the grid.
".....What I'm most eager to hear next is that creative pioneers are conquering McMansions in the suburban hintersprawl. As Bryan Walsh wrote recently for Time Magazine, "The Metropolitan Institute at Virginia Tech predicts that by 2025 there will be a surplus of 22 million large-lot homes (on one-sixth of an acre [675 sq m] or more) in the U.S."
Will subdivisions be turned into workshops and performance spaces? Or possibly into small-scale agricultural communities, or enclaves for artisan food-production? At the very least, will they become denser, transit-connected and less car-dependent ... and what will drive that?"What's an artist to do when a house is on the market for $1,900? Buy it. Transform it.... more
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SOIL AND SAND
A film by Alex van Boer
I grew up in the small hamlet of Sagaponack, a rural Eastern Long island, New York farming community, where I spent the first twelve years of my life. During the last few decades, Sagaponack has undergone some major changes; widespread development, skyrocketing land values and the end of many local family farms. A combination of video and oral history, my senior high school project is a short documentary on the community during its current bid for incorporation, an attempt by its citizens to protect the home that they love. Through a series of interviews throughout this tumultuous time (2005), the film explores how residents are dealing with these changes and their aspirations for Sagaponacks future.
Film Date: January 2006
Film Running Time : 15:30
Original Film Format: Mini DV
Presentation Formats; DVD, DVCAM, DIGIBETA
World Premiere: Hamptons International Film Festival (Oct. 2006)
Awards: Carolina Film and Video Festival (February 2007)
TV: PBS / WLIW 21- Snapshot- Program 117 ( March 2007)
Links: http://www.imdb.com/title/tt1006958/
SOIL AND SAND
A film by Alex van Boer
I grew up in the small hamlet... more
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I followed two families in the process of being evicted from their homes in Cleveland, Ohio. The wider context is explained, with passion, by an angry county treasurer, who faults the banks and the Bush administration. He uses maps to show how whole areas of Cleveland are becoming ghost towns, literally. These necessary explanations are weaved with the story of those two families, and other actors of this contemporary drama, including a policeman who does 11 evictions a day. It truly is a moving story. I filmed it at the beginning of November.
Philippe Grangereau
PS. being unable to upload my film to your website, I am using DailymotionI followed two families in the process of being evicted from their homes in Cleveland,... more
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Home foreclosures are rampant across the US, and it's only getting worse. A look into what it all means from a part of the country hit the hardest, Jacksonville, Florida.Home foreclosures are rampant across the US, and it's only getting worse. A look into... more
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Due to the subprime mortgage crisis, a record number of homes are being foreclosed and sold in public auctions.Due to the subprime mortgage crisis, a record number of homes are being foreclosed and... more
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California rode the real estate bubble up and now it's riding it back down. I live in San Diego and work in the real estate industry and I see the current meltdown as the result of a perfect storm of speculative investment that drove prices up, irresponsible lending practices, media induced hysteria that made people think they could buy a house and win the lottery with it, and plain old carelessness on the part of consumers. It was ludicrous to think that home values could keep going up 25% and more each year in California when wages were not even close to keeping pace. And when you think about these foreclosures, many people have less of an investment in these homes than renters in an apartment. With all the 100% financing they have nothing to lose but their credit by walking away from these homes. Which brings us to...
..the rental market. Rental companies and landlords are seeing their business boom as buyers pull out of the market and rent while they wait for the market to stabilize. They are being much more stringent in their selection process and I'm concerned that these freshly foreclosed upon homeowners (has somebody made a word for foreclose-ees yet?) are going to find themselves kicked while they are way down when they can't even rent a decent home. It will be at least the end of 2008 before things turn around and I fear that it will get worse before it gets better. Does anybody else hear the ticking time bomb of adjustable rate mortgages getting ready to recast?California rode the real estate bubble up and now it's riding it back down. I live in... more
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We're telling people on the television network that we want them to submit too!
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Kansas City, Missouri Producer Joe Dimino examines varying opinons and facts surrounding the current subprime meltdown. His personal commentary on selling and buying in July, along with other individuals highlight an emerging crisis on the American economic landscape. Kansas City, Missouri Producer Joe Dimino examines varying opinons and facts... more
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You can go here and see if you're paying too much or getting a rad deal!
Aside from the fact that I really want a HOUSE, I'm apparently getting more for my money than most.You can go here and see if you're paying too much or getting a rad deal!
Aside from... more
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U.S. banks are meeting with U.S. Treasury officials to create a $100-billion fund to stave off the danger that there could be a fire sale of shaky mortgage-backed securities and other distressed assets.
great...let's reward the banks for selling mortgages and securities that shouldn't have been sold in the first place.
I don't see how this is a solution for the problem...U.S. banks are meeting with U.S. Treasury officials to create a $100-billion fund to... more
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According to US Treasury Secretary Henry Paulson. Not just the subprime collapse, folks, the whole goshdarned housing market.According to US Treasury Secretary Henry Paulson. Not just the subprime collapse,... more
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Broken System
By Matthias B. Krause
Up to two million families in the U.S. will loose their homes to foreclosure in 2007. The worst housing crisis in decades hit especially hard in cities such as Columbus, Ohio. Rhonda Dutton and Jeremiah Baldwin fell victim to dubious mortgage practices and dishonest sellers. Meanwhile Ohio State Treasurer Richard Cordray and Bill Faith from the Coalition on Homelessness and Housing try to ease the damage of a ?Broken System.?
Broken System
By Matthias B. Krause
Up to two million families in the U.S. will... more
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