American Home 4 Rent Analysis

Americans across the United States search for the perfect home, location and square footage of course a great price to pay for their castle. Finding an affordable place to live is ideal, and necessary for survival in this day of age. As the years go by the cost of living increases but Americans do not receive a cost of living raise. The demand for affordable housing is on a all time high, but so is the cost of housing in the metropolitan areas across the United States. America must take care of its citizens and should provide affordable housing programs, to assist Americans to either purchase or rent a home.

A report prepared by the Economic Roundtable, Rental Housing 2011; The State of Rental Housing in the City of Los Angeles, noted that the city’s rental property had increased due to foreclosures that had started during the 2008 recession and been converted to rental property. Although this increased the options for renters, the incomes of family households had been decreasing since 1990. In this report, Daniel Flaming and Patrick Burns state, “Over the past decade, rent as a share of income has shifted from being barely affordable to predominantly unaffordable for renters (2012). They also note that the majority of renters in this area pay 30% to 50% of their income on rent. This is compounded by the problem of the increase of

The article, Is the American Dream Dead? by Mechele Dickerson, a professor of law, describes, in depth, how housing is holding American citizens back. In the quote “After peaking almost 70 percent in 2004 during the housing boom, they’ve plunged, falling to below a 50-year-low of below 64 percent in 2015,” (Dickerson) the rate at which owning a house has decreased is shown. This sudden decrease is due to the recent recession in 2007 and 2008. Renting has become popular all over; this is shown in the quote, “Renting is no longer limited to recent high school or college graduates as the majority of renters in the country are 40 years or older, up from 43 percent in 1995.

The New York State Housing Finance Agency (HFA) was formed in 1960, to assist low- and moderate-income family unit charter expansion (“New York State Housing Finance Agency”, 2012). In this logic its solemn assignment consists of preserving and conserving “high quality” low-priced rental housing for the population athwart the State of New York. Additionally, HFA provides financing to not-for-profit, and for-profit to construct economical letting houses, including NYCHA, and Mitchell Lama developments (“New York State Housing Finance Agency”, 2012). Since its creation, the HFA has commenced a low and moderate-income public housing with 328 developments throughout New York State (“NYS Housing Finance Agency”, 2012). These new constructed houses have improved numerous residents throughout the state as a whole. Over recent years the HFA developments have been experiencing a lessening in New York State government funding, propelling the organization to rehash distinctive strategies addressing the multifamily financing and the low rent opportunities program.

Following the 2006-2008 housing market crash, 4.8 million of homeowners lost their most valuable assessment to foreclosure, and another 2.8 milliongave up their homes in short sales. These former homeowners that are reentering the housing market after losing their homes during the housing market financial crisis are now part of a wave of “boomerang buyers.” According to Real Estate experts, boomerang buyers who are returning to the market were at least 10 percent of all United States home purchases during 2014. More important, this trend is expected to increase in 2015 and 2016 as more boomerang buyers become eligible for new options to get their dream homes again. The unquestionable fact is that a great majority of boomerang buyers are hardworking, honest people that got caught in the middle of one of the biggest housing crisis that occurred in the last 100 years. Fortunately, those housing crisis’ victims are beginning to see the light at the end of the tunnel since several options are becoming available to them in order to get back into home ownership. Among these options, I like to explore some available avenues for those boomerang borrowers to include the rent to own option, Veterans Affairs backed loans, and owners financing option.

Nick Vertucci, a real estate expert, has spent years educating himself about the housing industry. He predicts that a tipping point

The current housing market while not quite as oversupplied as during 2007-2009 is still leaning in that direction in some parts of the country. This means that there are those who have mortgages on homes that they would like to keep but are overextended on. These homeowners would be likely candidates for the “Boomerang Buyers” to approach and suggest the idea of a rent-to-own arrangement. Research needs to be done to determine if the

Owning a property has long been a gateway to the American dream. Individuals have possession of the house if they have enough money to afford the payment on a home, and be willing to purchase it. As the owners, they have the power to make decisions about the property. Other people who rent have limited control and have to depend on the ruling of the owners even though they pay the rent monthly. Advocates of house renting may claim that renting seems to be a better option than buying in the aspect of cost. However, they often overestimate the benefits of renting and lack consideration of the time factor. Instead, many people argue that buying a house is better than renting since it brings tremendous advantages to individuals and the community. In the United States, there are 56% of people own a house, and 25% of non-homeowners are looking to acquire their home in next 25 years, while only 11% of non-homeowners do not hope to own a home in the future (Newport, 2013, p.1). Therefore, purchasing a property is the desirable and the best option since it generates financial benefit, build self-confidence for owners, and profits the construction of the community harmony rather than renting a house.

A few years ago when the country was in a terrible state, home owners were losing everything they ever worked hard for. It was a terrible time in our country that we do not want to see happen again. Foreclosure became a new horrible trend around the nation. All over the news casting stations we saw videos or pictures of people losing their homes. It was a rapidly, devastating event in America. As the economy begins to rebuild and develop, new methods to provide everyone with another break is flourishing. The innovative development that is reaching the population is the rent-to-own a home plan. Boomerang Buyers, are people with a countless gains that goes from either renting to owning a home within a few years, are in various programs to become a homeowner again. It may be a long procedure but the rent-to-own plan is a resourceful, practical and keep plan to consider as an idea.

The desire to own a home in America is very common. As a matter of fact, there is no American Dream without home ownership. Years ago, an economic crisis swept the nation leaving many homeless, jobless, and flat out broke. Many Americans as well as businesses were victims to this crisis. Fortunately, the market has started to recover and regain structure and many have been able to get back to into the home buying market. Millions of jobs are being created and small businesses are beginning to see profits as well. Overall, the economy is in much better shape. There are many programs available to help Americans rent, lease and even own homes. “Rent-to-Own” has become a great option for people that want to get back

Many Americans have and still have been haunted by their pasts. Most of us have learned not to judge others by backgrounds or past choices, but when it comes to financial credit, our pasts are not so easily overlooked. With the slow but sure recovery of the foreclosure crisis that devastated the nation years ago, hangs a hand of hope that offers a second chance to “boomerang buyers” who merely just want to get back into home ownership. The “rent-to-own” option is the best choice for these buyers who want a second shot to do it all over.

A way to characterize the system is by what Havel described as a hypnotic charm. During an era where metaphysical and existential certainties are in a state of crisis, people are being alienated, losing sense of what the world means, this is when the ideology comes into play answering all questions haunting the individual.

For the direct mail piece we created a front and back flier that could be placed directly in Wartburg students mailboxes. The front of the flyer is designed to look like a door of a house. The back of the flier is designed to mirror the front but instead of a door there is information about Habitat for Humanity – Wartburg College.

American Homes 4 Rent provides single-family home rentals by offering a superior residential experience to their customers and delivering attractive returns to their shareholders. They pride themselves on offering turnkey homes of dependable quality in great neighborhoods. AMH specialize in acquiring well-located homes, renovating them to their Certified Property standard, and leasing and managing with a local touch. Additionally, the company stands behind every house, and is committed to providing professional management and stable ownership to the prospective tenants. AMH is responsible for property repairs, maintenance, and tenant relations. To help resolve any questions, comments or concerns, tenants can contact the customer service team

The typical Airbnb host occasionally rents out only the property in which he or she actually lives. About 80% of Airbnb hosts rent out the home they live in, and the typical host earns US$4,600 per year by renting 33 nights per year. And 63% of the hosts said that Airbnb income helped them pay bills they would otherwise struggle to pay. The average age is between 25 and 44 years and 45% is higher educated having at least a bachelor degree (Learnairdna