REVEALED: Zombie Foreclosures Are on the Rise in 5 States
So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
It’s a make-or-break moment for housing in California
The future of the state depends on how leaders rebuild after the Los Angeles fires.www.vox.com
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Tour this renovated TWO-STORY, Roof-Top Double Decker Tour Bus that’s been turned into an RV to travel the country!
In February 2025, the Trump administration revoked a fair housing rule from the Biden era that aimed to combat housing discrimination and segregation. This rule, known as the Affirmatively Furthering Fair Housing (AFFH) rule, required local governments to analyze and address patterns of segregation in their communities to qualify for federal funding. The AFFH rule was initially introduced during the Obama administration in 2015 but was previously rescinded by President Trump in 2020. The Biden administration attempted to reinstate a modified version in 2023; however, it was not finalized, partly due to concerns about its potential impact on suburban communities and the political ramifications during election campaigns.
By withdrawing this proposal, the Department of Housing and Urban Development (HUD) announced an interim final rule stating that local governments better understand their community’s needs than federal bureaucrats. HUD will now accept localities’ self-certifications for adhering to the 1968 Fair Housing Act, without the burden of exhaustive federal paperwork. This move aligns with the Trump administration’s broader effort to eliminate diversity, equity, and inclusion programs. Homeownership disparity remains significant, with 74% of white Americans owning homes compared to just 46% of Black Americans, a gap wider than in 1960.
Critics argue that this rollback undermines efforts to address systemic housing discrimination and segregation, potentially perpetuating existing disparities in housing opportunities for marginalized communities. Supporters, however, contend that it reduces federal overreach and allows local governments to manage their housing policies without burdensome regulations.