of the unit and the income. >> as time going on in the higher - you know i'd like to see more homeownership opportunities for people especially, if we're trying to do outreach for people that are displaced to get them to come back to own part of the city how can we shift some of that to have more homeownership opportunity versus rental opportunities. >> that's an addressing problem that the policymakers are looking at one one of the things that goes along with the sales is higher construction that limits us because there are many more affordable housing financing tools on the rent liquor low income tax credits and tax exempt bond unfortunately on the homeownership it is a great burden to subsidies those construction to a much greater than stent it is difficult in today's employment to fund homeowner than rental it is an active topic of conversation to look at how to serve the moderate income abandon there is housing noticed at every income level we're looking at the questions. >> so can we i mean because i think francisco talked about housing being such a i mean in the mission it is ground

that are schedule to be completed up to 2020 breaks down to 20 percent of rentals and 17 percent homeownership but. >> a rental is broke down into different categories 61 family rental 13 bedroom, etc. sized unit the specific population restrictions about 13 percent for senior rental and 9 percent for supportive or special needs and 10 percent on homeownership. >> so that bring sees us to the authorization to be transmitted to the mars and a mar and any changes she'll be authorized to make the changes and through the budget year it allows us flexibility on tables 3 in our budget that's the project area if there recent an adjustment before a line item and shipyard we'll make those for the flexibility, of course it is subjected to our ralph authority we've got 15 approved and working on 16 b this early fall and back to 0 you for deduction deduction that concludes my presentation. >> thank you any speaker card. >> two speaker cards (calling names). >> according to the brown act i'm francisco according to the brown act you commissioners please make sure when you have a long presentation like this

. >> i'm andrea a san francisco homeownership 27 year-old amusing found our home in the rfp sadly our wonderful neighborhood was sold to a rufrn national with no attention of living in the adhere or the united states packing psa no attention the homeowners began illegal listing the properties including airbnb and the ends stream of people showed up we live next door to a hotel not a home awhile asked when the absence at the homeowner didn't offer it from 10 to 13 told us a month he will make more money are we talking about out rhd homeowners care far in their home you can see the airbnb it is the one with the weeds when did this eye become commercial no one is talking about the ill conceived part of law there are people abusing the system and no recourse for the neighborhoods the so-called home sharers are thank you for the opportunity this into a full-time business airbnb is wealthy and intimately the neighborhood as well as the elected officials they're well finances to overthrow the zoning laws and they this is not a sharing economy but a rent economy where everything is for sale.

what can but can become an issue is if you push homeownership in an unsustainable way or artificial manner without understanding the fundamentals are going in the opposite direction so i will give you one specific example. if you get the growth in home ownership prior to 2008 there was a substantial growth in home ownership up to five percentage points in the u.s.. the kind of people that were getting homes for the first time it would be wonderful if they were getting homeownership because their overall learning capacity was expanding and now they could afford a home. that wasn't the case. if you look at the numbers people who are actually dying for the first time into these homes it's not that the incomes are rapidly expanding as we know the median incomes have been stagnant in the terms and that was true so despite the stagnation of the wages and in real terms, the households are now buying more expensive houses and leveling up more because they didn't have the savings for the incumbent to buy the entire house, so they were just being able to borrow more and more and that is the only rea

. >> that's just a request and congratulations to homeownership in san francisco. >> thank you and hope i don't go broke. >> but keep in mind these will be your neighbors for a while. >> i understand and i have lived all over and i have made good relationships. and she's pinned me as a bad neighbor off the bat when i am not. >> just a question. >> any further from the departments? commissioners the matter is submitted. >> we are looking at you. >> we know about decks. >> it's not that i don't support decks. i support small decks. and you know -- people said that in a number of different ways to me. and the issue, and i still feel it that you build something for yourself. which is fine. and it's code compliant and it's good for you. but i like to minimize the impact and whatever you build on your neighbors. the problem with this particular case is that any deck out looks at the rear of her building. doesn't matter how wide it is. and i sense that the privacy issue is probably the greatest. because if you don't want somebody looking into your bedroom, you will have to close the drapes. or

or other such things what needs for the population whether youth or a homeless or whether it is homeownershipt is not enough i'll august to look at those things many a marking are have $10,000.0 units but what is the right fit of our housing policy we are different across the city it is one of the things wonderful and slaerl the policy is our investment so how are we investing the investment in the malice in different parts of city not only for 10 thousand units but as it is playing out at the neighborhood scale as i supervisors are thinking about budget priority your understanding how it plays out in the neighborhoods you all experience and know. >> thank you very much. >> thank you. next speaker, please. >> thank you for your prashdz or patience while we talk about the art i came with prepared notes and after listening to the may find and our comments about the art i decided to tell you it is kind of interesting i'm the last one in line i know that supervisor mar i'm in supervisor wiener's neighborhood i know supervisor tang loves studios they're a huge community near the sunset district an

resident buy their rent control shlgz or expand the down payment assistance so it people can see homeownership and we're investing $100 million from ash retirement fund over the next 10 years helping one hundred and 50 first time home buyers over the years we'll he said spake active evictions whether in partnership with the friends of the state legislator we must stop speck later from flipping buildings creating a new investment fund with our private and be philanthropic folks to have purchase lands for rehab housing and leverage our public lands and public surplus goods for the middle-class we'll identify the sites for at least 4 thousands unit by 20/20 forcible to middle-class and low income families and go back to our voter for another affordable housing market this november supporting our ambition plans to allow for acquisition roanoke city construction of homelands for low and middle-income families as you can see my platform rests both on building and preservation we can't be a city for all if we don't build for you'll but we won't remain a city that with are if we can't keep our residen

he put the bulk of the blame on the government for pushing homeownership and easy access to credit. recorde about this amount of borrowing. 50% of the market was controlled by hedge funds in 2008. rocky.uoting it's about how hard you can get hit. he got hit hard, too. scarlet: the gorilla is back in the jungle. mark: the timing of this -- he could have done this before. do we have a sense of why he did this now? >> he wants to get back in the game. the first couple of years, there was a bit of legal overhang. now, he is free and clear. scarlet: probably some crisis managers talked him through a timeline. you make your rounds now and talk about everything in five months, you can lodge your next venture and get a run to come in again. you look at the executive committee of lehman brothers in 2008 and there are only two people who are anywhere back in , the l.a. area is closer to getting pro football back. we will have more on that, next. ♪ mark: welcome back to bloomberg market day. i'm mark crumpton, here with scarlet fu. scarlet: let's go to julie hyman with a look at the markets ri

find a house, they don't want to leave their parents basement, who knows, either way and lower homeownerships the new normal, what is your take? -- >> we would be more optimistic. 31.5% of the cohort in that group is living with their parents. the typical rate is 27%. you basically got an unemployment rate that has been coming down 1% per year, it's now 5.4%. you have got 4.7 million homeowners who were foreclosed on who lost their homes after a seven-year cure, those homebuyers will be coming back into this market. pent-upere is a lot of demand, which is why this thing has leg in terms of the growth rate going forward. >> how can people, investors, make money on the call? what should they buy? been overweight on non-agency mortgages and sectors like building materials, home improvement, home builders, banks, financials that benefit from refinancing mortgage insurance, which benefits on refi and new purchases. basically housing and housing related sectors should continue to outperform over the next several years simply because we have still got significant growth even today. pimco's ciot was

donor class and filling them campaign coughers it ignores people are paying half their income for homeownership and a lot of young people with heavy student loan debt are not able to afford a home for a while. we have a record number of people enrolled in government operated help programs like food stamps and it is not because people want to be in poverty. [applause] >> it is because they are part of the bottom 90% of the country of american workers whose wages have been stagnant for the past 40 years. the war on poverty hasn't ended poverty. it has prolonged it. i don't judge the success of how many people are on government assistance to the success of government. i judge how many people have good jobs and don't need government assistance. [applause] >> and we don't create good jobs for americans by entering into unbalanced trade deals that forgo congressional scrutiny and looking the other way so we can import law wage workers underpay workers, and drive wages lower than the dead sea. that is unacceptable. [applause] >> i governed in the state with the most lop sided and partisan in the count

homeownership at the lowest level in decades.have a record number of people enrolled in government operated health programs like food stamps and it is not because people want to be in poverty. it is because they are part of the bottom 90% of this country of american workers whose wages have been stagnant for the past 40 years. [applause] governor huckabee: the war on poverty has not ended poverty it has prolonged it. i do not judge the success of how many people are in government assistance. i judge, the people have good jobs and do not need government assistance. [applause] governor huckabee: we do not create good jobs for americans by injuring into unbalanced trade deals that forgo impressionable scrutiny and looking the other way as the law is ignored so we can import low-wage labor, undercut american workers and drive wages lower than the dead sea. that is unacceptable. [applause] governor huckabee: as the governor mentioned, i govern in a state that was the most lopsided and partisan in the country. no republican governor ha

minority, you know hispanic homeownership is down. poverty rates are higher for minorities.oing into that agenda is actually into the going to help they were because the results have not been there for the obama administration. >> that was a good plug for "morning bell," by the way. well-done. >> a lot of friends on this couch. revealing new poll what republicans think of their field of 2016 candidates and why their answers could be bad news for democrats including hillary. >>> one possible republican candidate taking on conventional wisdom that says a college dropout can't make it to the white house. why governor scott walker says the lack of a diploma on his resume' is a plus. ♪ ♪ [music] ♪ jackie's heart attack didn't come with a warning. today her doctor has her on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack be sure to talk to your doctor before you begin an aspirin regimen. one piece of bacon with your egg, and an omlete for the king. okay babe, you got this right? yea, it's a piece of cake! i got this. alright. good luck

ultimately homeownership is a positive for most families. we'll talk about it all week long.hat's it for thankss. don't forget to dvr the show if you can't catch us live. "making money" with charles payne is coming up next. have a great night. we will see you right back here tomorrow. ♪ ♪ charles: after holding on friday stocks began this week higher. still stuck in that trading range. moreover the short term trends of lower highs and lower lows are worrisome. the biggest news may be the action in the bond market which is beginning to stumble. the january bonds is represented by tlt closed near the low of the year. they've been pulling back steady and gaining steam to the downside. big time support right now. now, with the jobs report looming larger on friday, this market could be poised for a breakout. but will it happen? let's check in with nicole petallides with the pulse of the floor. nicole: charles, absolutely right. so what we saw here

so they looked at things like rates of crime homeownership, health and education. and you can look at the the trials. and it looks like well compared to the same period the year before. june to august 2010 is the trial period compared to the same month the year before. there was a decline in crime. including breach of police vandalism, minor assault and serious assault. but even the research noted it's difficult to show a close relationship between the use of body cameras and changes in crime. in particular, it's challenging to contribute any changes in crime to one specific intervention. given other changes are occurring simultaneously, both at societal levels, such as increases in unemployment and the police level. and so the evidence seems to suggest that after cameras are deployed in a given area, you have welcomed results. whether that's a decline in use of force, decline in complaints against the police, and you have a decline in crimes. the next slide shows that the two areas that were studied enjoyed a greater decline in crime than the rest of aberdeen duri

one thing to encourage homeownership.nother to encourage people with taxpayer dollars to buy homes with swimming pools and luck sure russ homes that cost a poll dollars. we're insuring those today. gerri: exactly right, steve. great to see you. >> thanks, gerri. gerri: coming up next, pizza hut and taco bell the latest chains to nix artificial ingredients but will this fix their unhealthy image? >>> later the cable wars heat up. charter inks a deal with time warner cable. will that cut your cable bill? i think not. (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it use

a car and without any hope of actually saving up enough money for a down payment to buy -- >> homeownershipncouver. still vulnerable or on the rebound? the new debate over whether to remove humpback whales from the endangered species lift and why it may hinge on oil. al jazeera america gives you the total news experience anytime, anywhere. more on every screen. digital, mobile, social. visit aljazeera.com. follow @ajam on twitter. and like aljazeera america on facebook for more stories, more access, more conversations. so you don't just stay on top of the news, go deeper and get more perspectives on every issue. al jazeera america. >> welcome to al jazeera america. it's 8:29 eastern. taking a look at today's top stories. the obama administration backs a plan to send 3,000 shia fighters into ramadi. u.s. war planes stepped up strikes against size till at the request of iraqi security forces. nearly 25,000 ever fled ramadi since isil won the battle for the city. >> 11 police officers are sentenced to jail for their role in the brutal mob killing of a woman falsely accused of burning the koran

you had an unprecedented housing bubble, a homeownership rate climbing higher well into the middle ofed. tom: i want to look at existing home prices adjusted for inflation. the headline is we are back to trend. we are really right on normal. is this all there is? do we go flat on trend, where housing is normal, or is there a boom feel to where we could go? michelle: i think there has been a difference in terms of what we have seen from the activity side, in terms of building versus what we have seen from home prices. the recovery in home prices has been pretty impressive. we have double-digit home price depreciation in 2000 on a nominal basis, and in an economy disposal income was sub 2% on a per capita basis. last year we had about 5% appreciation. we have actually seen an impressive gain back to trend but for activity, for housing starts, housing sales, there has been much more lackluster -- tom: some of the series show the recovery, and others do not. brendan: this is a distinction we are learning to draw between existing home sales and new housing starts. take us through the holla

homeownership at the lowest level in decades, and a lot of young people with heavy student debt aren'tfirst home for a long while. our federal policies for formal housing are designed to protect families but rather to protect bureaucrats. we have a record number of people enrolled in government operated health grams like food stamps and my friend, it is not because people want to be in poverty. it's because they are part of the bottom 90% of this country of american workers whose wages have been stagnant for the past four years. [applause] mike huckabee: the war on poverty hasn't ended poverty, it has prolonged it. i don't judge the success of how may people who were on government existence as to the success of government. i judge how many people have good jobs and don't need government assistance. [applause] mike huckabee: we don't create for good jobs by americans by entering into unbalanced trade deals that forgo congressional scrutiny and then looking the other way as the law is ignored so that we can import low-wage labor, undercut american workers, and drive wages lower than the

homeownership at the lowest level in decades. are likely to -- are not likely to afford their first home for a long while. our federal policies for affordable housing are not designed to protect families but bureaucrats. we have a record number of people enrolled in government-operated health programs like food stamps and it is not because people want to be in poverty. it is because they are part of the bottom 90% of this country of american workers whose wages have been stagnant for the past 40 years. [applause] governor huckabee: the war on poverty has not ended poverty, it has prolonged it. i do not judge the success of how many people are in government assistance. i judge how many people have good jobs and do not need government assistance. [applause] governor huckabee: we do not create good jobs for americans by entering into unbalanced trade deals that forgo impressionable scrutiny and looking the other way as the law is ignored so we can import low-wage labor, undercut american workers and drive wages lower than the dead s

lives is on the outskirts of the area that has been improved dramatically and had the strongest homeownershiportion of winchester. what didn't happen in his there wasn't an economic driver that kept the redevelopment going past where the homeowners during password disability was. the employment didn't occur. the health care systems -- i'm sorry i'm probably going on. we organized out the various health care providers, all of the payment systems change. very hard thing to do. almost every kid for the chips program et cetera et cetera. there is more health care available than when we started. the schools -- we took him to public schools under an agreement and combined them into one k-8. it went from one of the worst schools into the top half by all measures along the way. that improvement is still there. more needs to be done. so there are positives and make it is to the whole situation. most of the investment is still there and it's amazing that it's in better shape than it was when it was first assessed. >> i think that positive progress is the one outstanding issue with jobs which takes us n

so they looked at things like crime, homeownership, health and education. and you can look at the charts. and it looks like, well, the same period the year before, so june to 2010 is the trial period. compared to the same month before, there is a decline in crime, including vandalism minor assault, and serious assault. but even the researchers in this study noted that it is doyle show a causal relationship between the use of body cameras and changes in crime. in particular, it is challenging to attribute any changes in crime to one specific intervention. given that there are other changes occurring simultaneously both at the societal level such as increases in unemployment and police force level, for example, in terms of restructuring of police services. so the evidence seems to suggest that after body cameras are deployed in a given area, you have welcome results. whether that is a decline in use of force decline in complaints against the police, and you have a decline in crime. the next slide shows that the two areas that were studied enjoyed a greater de

so when the balance of that 92 million millennials come into the homeownership market we think that iss. that is a ten-year horizon. >> how we are going to market. traditionally we go to traditional catalog retailer. millennials we are doing youtube ads. we are seeing our business as well as smart phone. the growth of the smart phone traffic. first quarter of smart phone traffic was up 60%. so it is changing the dynamics of the digital shopping experience. >> this is the one weekend out of the year where i think the berkshire business managers get to see each other. you were talking about how you had dinner last night with the board of directors and a lunch today. what do you learn at these meetings? what do you find out? >> it's a masters degree in education for me. it's just listening to the experiences of other people that have been here much longer in the berkshire satellite system than i. you learn from every conversation from every table and a wonderful conversation with our board of directors last night and a panel discussion that talked about all aspects of the culture really o

. >> long-term chart of homeownership rates.be we're correcting back to the trend. >> despite all our efforts to make it more pervasive. >> an excuse for everything. >> good to have you here this hour. always a pleasure. >>> coming up next we're going to welcome walter isaacson. business, the economy, innovation and the future of media. no topic too much for him to handle. first, though, as we head to break. check out the futures. they suggest a positive open. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. with innovative solutions th