Public Invited to Discuss Strategies to Expand Homeownership in Sioux Falls
Sioux Falls, SD: Councilors Alex Jensen and Christine Erickson will hear from citizens on how the city can make homeownership more accessible in Sioux Falls. Ideas gained from this outreach effort could be used for future legislative efforts intended to tackle the lack of homeownership opportunities.
When: Thursday, May 20th
Where: HyVee at 37th and Minnesota
Time: 7:30am to 9:00am
Visit https://www.siouxfalls.org/council for more information on the city council.
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What a great idea! Adding this to my calendar.
Could start by getting the Govt, at ALL levels out of being involved in trying to help. They always create more problems and make everything more expensive.
Like the FDIC did, mirite?
Like FDA? Like FEMA? Like meat inspection? Like FTC?
Many years ago a real estate agent in Sioux Falls expressed her frustration with prospective home buyers who wasted her time before revealing they didn’t have any money. “They don’t have any money!” She complained.
When I asked for clarification, she explained they would state their desire to buy a house and then she would find out they had nothing for a down payment, or their income was nowhere near sufficient to qualify for a mortgage.
They were usually young and financially illiterate. They knew nothing about mortgage interest, property taxes, or utility costs. All they knew was they saw a house they liked and they wanted it.
So the city could start with some seminars to educate prospective homebuyers. I would think real estate agents and lending institutions would be eager to promote their businesses by conducting such seminars, which could be held in the evenings in the public schools or civic auditoriums.
decent idea.