June is National Homeownership Month
By MARY ELLEN KALUZA
Are you thinking about buying your first home? The first step in the process is learning what that process is. Homebuyer education has been around for some time but really came into focus after the housing bubble of 2003 – 2006 burst and we were plunged into the Great Recession in 2007. During the bubble, mortgage loans were handed out like candy with predatory loan terms. Borrowers did not understand the terms and the consequences of that lack of knowledge. Some 3.8 million homeowners lost their homes to foreclosure between 2007 and 2010. (Not all were first-time homebuyers, there was plenty of ill-advised refinancing of mortgages going on, as well.)
First-time homebuyers are now strongly encouraged to take homebuyer education, required or not. (Most special loan programs or down payment assistance programs do require it.) I regularly hear from homebuyers how valuable the class is – they feel much more confident going forward on the homeownership path.
And that is my advice to you, dear Hopeful Homeowner: Take the class. Now. Really. June’s the month. Many agencies who provide the classes offer it free of charge during National Homeownership Month. Find providers and schedules on the Minnesota Homeownership Center website: https://www.hocmn.org/.… Read the rest “June is National Homeownership Month”
Peace House Community: June ’23
Which is Worse: A Viper, a Cobra, or an Adder?
By MARTI MALTBY
Decades ago, I heard my supervisor speaking with a friend about their respective marital troubles. They had very different challenges in their marriages, but they understood each other’s struggles. Being young, single, and stupid, I made some naïve comment that was meant to be helpful. My supervisor laughed at my ignorance and commented, “When it comes to our wives, it’s a question of whether you want to face a viper, a cobra, or an adder.” (Sorry for the implied sexism of that story. If I had a female supervisor, I’m sure it would have been a choice between a jackass, a mule, or a donkey.)
My supervisor’s comment keeps coming back to me when I recognize a situation with no “good” options, just options that hopefully are less harmful than others. One such situation came up at the April City Council meeting when the City reported that it has spent between $5.5 and $7.5 million since 2020 to close the various homeless encampments that have sprung up, migrated, disappeared, reappeared, and generally confounded everyone.
Since there is no good answer to the encampments question (other than building enough homes to house everyone, which has its own built in problems), I won’t offer any solutions.… Read the rest “Peace House Community: June ’23”
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