a NEW “BERN” in housing?

| May 10, 2016 | More

Okay, so before you get too concerned, it’s actually not that Bernie. Bernie Glieberman, the chairman of governmental affairs and public policy at Home Renewal Systems (HRS) and former head of Crosswinds Communities, a Michigan-based homebuilder and developer that went belly-up during the housing crash, is back in the saddle and ready to change the way the Midwest, at least, views single-family housing. The developer, who had originally planned to get back into community-building once the housing cycle edged upward, now is more interested in the construction of truly affordable housing, and he believes that time is limited before interest rates “go up a couple points” and things get, in his words, “out of whack” again.

Glieberman recently warned an a forum in Detroit that housing all over the country is actually currently in another bubble, but he added that artificially low interest rates are masking the problem. He hopes to at least alleviate the damage via construction of low-income communities for populations that will likely be hurt the most, such as seniors and veterans. He promotes a concept called “adaptive reuse” as the premise for such developments, finding abandoned and stigmatized properties, purchasing them, then turning them into profitable, productive centers serving their residents. For example, one such development presently in the works is an old orphanage that has had nearly a dozen development deals on it fall through in the last 40 years. Glieberman plans to turn that facility into an affordable living community for veterans and their families.

Do you think that civic-minded development can be profitable in the long-term while continuing to benefit communities?

Thank you for reading the Bryan Ellis Investing Letter!

Your comments and questions are welcomed below.

About the Author (Author Profile)

Carole Ellis is editor in chief of the Bryan Ellis Investing Letter. Under Carole’s leadership, the Bryan Ellis Investing Letter has grown to over 700,000 subscribers, making it one of the largest real estate newsletters in the world. Each day, Carole directly impacts the daily thinking and conversations of real estate investors worldwide by providing thought-provoking analysis and commentary on news topics relevant to serious real estate investors.

Carole has a strong background in research and in the management of respected publications. She holds a degree in English Literature from the University of Georgia, and has substantial research experience in plant biology. She is the former editor of and writer for the University of Georgia’s Research Magazine. She’s also the author of hundreds of articles and multiple books and home study courses published under the names of her clients, many of whom are well known, highly respected real estate entrepreneurs as well.

Carole makes her home in Kennesaw, Georgia with her husband Bryan and 4 children.

Leave a Reply

Category: Real Estate