Lead Pipe Records To Be Added To Property Records In Flint, Michigan, Other States Expected To Follow Soon

The information you can currently get from a property record search are good, but every bit of new information added to it makes it even better.

When you get a property record report you want it to have as much information as possible. Your expectation is that if there is anything wrong with the property the records will let you know about it. In most cases this is true.  But there is one problem that effects older houses that you currently can’t get from any property record search service. That problem is whether the water is carried into and out of the home through lead pipes.

This is obviously a danger. When lead pipes were installed nobody knew that the lead could cause massive brain damage in people over time. Lead was assumed to be safe metal and people didn’t think one way or another about it. But now we know that lead is extremely dangerous and if we found out that lead pipes were pumping our water we’d have to get them replaced for our own safety.

But replacing all the pipes in your house could end up costing you thousands and thousands of dollars. Therefore it is something you’d certainly want to know about before you invested in that home. Imagine getting your first mortgage and then finding out you couldn’t drink the water or shower there. That would be a huge blow.

The problem is that in most jurisdictions the lead pipe records were not stored with the general property records. They were put on index cards and stored in drawers. This is because lead pipes were used so long ago at a point in time where nobody thought they would ever become an issue.

Recently the city of Flint, Michigan, decided to do something about that. They allocated $50,000 to scan and digitize pipe records into their general property records system. When this is done you will be able to find out in Flint about whether the pipes are lead or not when you do a property records search through PropertyRecord.com.

Digitizing these vital records was important for homeowners to know which lines have been replaced and when they were replaced, along with recording the city of Flint affidavits that could be searchable online, John Gleson wrote in The Detroit News.

“Digitizing the records has made it easier for people to find out which pipes have been replaced, and which homes are now free of these “dirty” pipes. It also has allowed for greater transparency, with the seller to the buyer knowing the home was remediated or never had a problem in the first place. With this information now accessible, owners will have critical information on the status of their property,” he continued.

Now other cities are thinking about setting aside some money so that homeowners and potential home buyers can find out if lead pipes are pumping any of the water into a home. They to will end up putting that information into property records.

This is a good thing. The information you can currently get from a property record search are good, but every bit of new information added to it makes it even better.

Maryland Moving To Remove Racist Rules On Property Records

The Washington Post recently took a look at this situation in Maryland and it’s sort of shocking to see the data that is still attached to many properties in the state.

When you look up property records you can find out a lot about a given piece of real estate. Much of it is real information you need to know about. That includes whether it has code violations and if the roof needs to be replaced. That’s all well and good to look out for. But there may also be some information you don’t want to find out. And on the reverse side of this coin if you own a property and want to sell it you don’t want this information to pop up when you are trying to sell your home.

What is this information? It’s racist language attached to the deed.

Now for once Maryland is thinking about taking steps to remove this information from you property records so neither the buyer nor the selling needs to see them.

The Washington Post recently took a look at this situation in Maryland and it’s sort of shocking to see the data that is still attached to many properties in the state.

One typical property record they found dated May 6, 1946, explains, property “shall never be used or occupied by. . . negroes or any person or persons, of negro blood or extraction, or to any person of the Semitic Race, blood or origin, or Jews, Armenians, Hebrews, Persians and Syrians, except. . . partial occupancy of the premises by domestic servants.”

That’s still on the public property records and it doesn’t look good.

There are tens of thousands of public property records that still have this sort of language embedded in them and they don’t make anyone look good.

While it’s true that these orders attached to the properties have not been enforced in years, they do not make the property look as attractive as it should. It’s like owning a property with a black mark against it.

As of October 1, a new law came into effect that would allow homeowners to remove this racist language for free simply by going to court and making a legal request to have it deleted.

Del. Catherine M. Forbes (D-Baltimore County), who sponsored the Maryland legislation, said she got the idea after meeting a woman who was surprised to learn a covenant on her home excluded members of several racial groups.

“My constituents really wanted their deeds to reflect the communities where they live and their own personal values,” she said. “The state should do everything in its power to make this easy.”

Other laws are being considered to remove the racist language from the deeds. We are PropertyRecords.com think this is a good thing. There is no reason why outdated language from a racist past should continue haunting the property records of these properties. We suspect that many other states have the same problem and should address it in the same way.

After all, we are not living in 1946 anymore. It’s time to act like the grown up much more progressive nation we have become today.

Despite The Coronavirus Housing Is A Booming Industry Right Now

Banks aren’t giving out subprime mortgages. They aren’t offering balloon mortgages. They don’t have exotic and risky interest only mortgages. These sales are rock solid and should stand the test of time.

Car sales are down. Consumer spending overall is down. But there is one bright spot in the economic landscape – home sales are way up. People keep buying homes in record numbers and that’s a good thing for the economy. We are glad to see at least one bright spot in an otherwise wasted landscape.

Forbes reports “Last month, the number of Americans buying new houses spiked to a 14-year high. Home prices are growing at their fastest pace since 1991. And US mortgage lenders just recorded their biggest quarter in two decades. Lenders handed out a staggering $1.1 trillion in home loans in the past three months!”

Those are numbers we haven’t seen since the housing market collapsed in 2008. But this time it’s a different story. Banks aren’t giving out subprime mortgages. They aren’t offering balloon mortgages. They don’t have exotic and risky interest only mortgages. These sales are rock solid and should stand the test of time.

So, what is happening?

Millennials are finally getting into the housing market.

They are late to the game but are finally investing in housing and that is buoying the markets.

Unlike with other generations the Millennials graduated college with huge student loans hanging over their heads. This prevented them from getting into the housing market at the same time previous generations did. Instead of paying a mortgage they were paying back their student debt.

But in the last year or two they have finally begun to pay off that debt and become free from their college loans. This had freed up between $300 and $600 a month in their personal economies. That money used to go to the loan owners, now it is just sitting in their bank account building up each and every month.

Over time that helps them build up the savings they need to make a down payment on a home. And then once they have that it makes more sense to pay a mortgage every month and build up equity in their home than it does to pay landlords and not build up equity in the place they are living in.

This comes at a time when renting and dealing with landlords is deeply unpopular. That’s because landlords have been constantly raising rents and not giving anything back in return. A consistent mortgage payment starts to look very good in those circumstances.

What this all means is that the housing market should continue to boom for the next several years. Each and every year another group of Millennials ends up paying off their student loans. And those people will then start to think about what they are going to do with the money they now have in the bank that they can spend. That will bring out more home shoppers and should boost the industry even more. Real estate is where you are going to want to be in 2021.

We are glad about that because it should push up prices all around. As Forbes reported: “last month, the average property sold in just 21 days, an all-time record. Dan Borowy, a realtor for housing disruptor Redfin, said he’s never seen anything like this. “I’m selling every listing within three days. Buyers are willing to pay $50,000 over listing price.”  

Will The 2020 Election Affect Your Property Value?

We at PropertyRecord.com have looked into this because we honestly care about property values. We want people to get the most value for their money and to live in nice safe neighborhoods.

When it comes to real estate in America Joe Biden and Donald Trump have a different vision for our future. It is one of the starkest choices that will be decided by this election. And it’s one that has a direct effect on average people – unlike a lot of pie in the sky things they talk about. And it’s one we want to take a bit of time to look into.

Here’s a summary of the situation.

If elected Joe Biden wants to be able to use HUD money to build affordable housing near the suburbs. He argues that by making homes people can afford to live in that this will reduce crime, restore hope to poorer communities and help bring back the America we knew in the 1950s. It is a grand vision of expanded housing for people to give them the breath they need to realize their dreams. The addition of more housing would also cause rents overall to drop and bring back a sense of working for yourself rather than working for your landlord.

Trump has exactly the opposite vision.

He wants to completely shut down the spread of affordable housing. He feels that if people work hard enough, they can afford normal priced housing and he points to the suburbs existence as his proof. He also says that affordable housing near the suburbs will spread crime from the cities into our beautiful neighborhoods. He tells parents to worry about the welfare of their children and who might come into their lives if poorer people lived near them. And then he caps it off by saying that the introduction of low income housing into middle and high income areas will lower the property values of everyone who lives there.

We at PropertyRecord.com have looked into this because we honestly care about property values. We want people to get the most value for their money and to live in nice safe neighborhoods. So, we examined the trends over the years with an eye to what happened to property values after low income housing was introduced into a neighborhood.

What we found may surprise you.

Property values were either unaffected or actually went up after low income housing was built. This is because the one indicator of home value that has the strongest effect isn’t how much other people pay for their property. It’s how good the school system is. And that’s something that low income housing has no effect on at all. Good schools are manned by good people and turn out good results. That’s the final word.

In addition, good schools helped the people in low income housing learn skills that kept them away from crime – so crime statistics didn’t go up much either. In effect the addition of low income housing had no effect on property values at all.

That means there is one less thing for you to worry about on Election Day. Your property values are not going to go down if Biden gets elected. Instead they will stay the same as they ever had and might even go up.

Low income housing has no effect on it at all.

Property Values In The Long Term Will Stay The Same No Matter Who Wins The Election

Whoever wins this election will have no effect at all on property values. In our opinion they should continue to go up no matter what the result is.

There have been a lot of news stories lately about property values and the upcoming election. In the BBC news section of their site the other day several undecided voters expressed the concern that if Biden wins it will be harder for them to buy their first home. In other publications undecided voters are claiming that if Trump wins it will drive home prices up and cut them out of home ownership very quickly. People seem able to rationalize both sides of the story using facts that they have collected.

But the truth is that they are all wrong. Whoever wins this election will have no effect at all on property values. In our opinion they should continue to go up no matter what the result is.

The only time property values crash is when there is an inherent problem within the system itself. This happened in 2006 and 2007 leading to the worst housing crisis in a generation. But the President had nothing to do with that. In fact even the entire government had no control over it.

Instead that was a problem with the banks themselves. In order to keep collecting fees to issue mortgages they kept giving them to anyone who applied. Then they added very low mortgage repayments for a short period of time before jacking up the prices six months or a year later. This caught a lot of people unaware and caused them to default on their mortgage payments.

That would have happened no matter who was president.

According to Global Trade Magazine the amount of home sales tend to decline in September and October of Election Years. This causes a brief decline in housing prices as people who are desperate to sell accept less for their property than it is actually worth.

But in each and every election cycle buying and selling real estate actually increases after the election is done with no matter who wins. That’s because the two months of not buying and selling much has increased demand. When this happens housing prices are automatically pushed up. Over time this balances itself out.

What could effect housing prices is the coronavirus.

But again the President has nothing to do with this. With fewer people willing to go out and look at houses that is naturally going to repress the amount of real estate being bought and sold. That could have a depressed effect on the overall prices going down.

But you have to remember that won’t last forever.

The UK claims to be very close to developing a vaccine. Other countries are also working on it. And once that vaccine is released people will go back to buying and selling homes. Once again because of the backup in the marketplace that should encourage fierce competition which would drive prices up again.

This is all completely independent of who the actual president is. Therefore one thing you don’t have to worry about this election season is the price of a home you want to buy being effected by the outcome.