Many popular houses in 1920s L.A. were part of a scam
atlasobscura.com
atlasobscura.com
That place has the wildest traffic!
I grew up about a mile from the rose bowl, and spent many years in sierra madre. I would definitely not call this area country living. I do miss the smell of the chaparral though.
> “Well built but not overbuilt” is how former resident Zac Matthews describes them. “Janes actually used good materials like oversized redwood rafters,”
> “‘Nothing Down’ Plan Proves Undoing of Landowner,” read one headline in The Honolulu Advertiser. Turns out those who couldn’t afford a down payment couldn’t keep up with monthly ones either.
Imagine that.
https://www.rd.usda.gov/programs-services/single-family-hous...
>The Section 502 Guaranteed Loan Program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may purchase, build, rehabilitate, improve or relocate a dwelling in an eligible rural area with 100% financing. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers – so no money down for those who qualify!
https://www.va.gov/housing-assistance/home-loans/
>For example, nearly 90% of VA-backed loans are made with no down payment.
Not far off are 3.5% down payment mortgages:
It's actually quite hard to get a low/no money down mortgage, even with those programs, there are limits to the total price of the house, for example.
If only all modern houses in US were designed as well as this.
The core issue is the permitting processes are missing design and aesthetics reviews and approvals. Instead, they're intent on keeping people like Bill Maher from using solar power.
Cotswold
Interestingly, there are many more Eichlers (and lookalikes) than listed on the Wikipedia page. For example, there's a development in Woodland, CA (NorCal).
$1M 1-bathroom home? Just another day that ends in Y in CA.
African American GIs, who served with honor in World War II, could work on Levittown construction crews but could not join the hordes of people pressing into Levittown rental and sales offices.
This was very much the root of one of the great economic divisons in modern US times .. the post WWII boom and generational multiplying effects were segregated.https://www.nypl.org/events/exhibitions/galleries/installati...