Veterans Struggle With Affordability And Home-ownership
February 1, 2023
Hosted by Frank Helring
[Download MP3] [itunes] [Bookmark Episode]
Veterans that served in the Post 9/11 Era are hurting in today’s housing market. Compared to previous veteran generations, Post 9/11 veterans have astonishingly higher cost burdens. Across generations of veterans – from the Korean War to the Gulf War – cost burden rates are below 25%. However, nearly 35% of post 9/11 are cost-burdened. These young veterans are more likely than the average civilian to struggle with housing affordability Looking beyond the cost burden rate, home-ownership rates, unfortunately, show a similar trend. 21st century veterans are far less likely than previous generations to own their own home. Despite having broad access to zero-down mortgages with favorable rates through the VA loan program, less than 50% of post 9/11 veterans own a home. These trends are concerning, and the differences between generations could reflect unique challenges for younger veterans. Obviously, recent veterans who are younger are less likely to be homeowners due to the fact that younger households are less likely to be homeowners. However, this trend holds when controlling for demographics.Today I am joined by Louis Brown who is seeking to make a difference for our warriors and help them to get a piece of American Home Ownership. Check out this video https://www.youtube.com/watch?v=o0TRhn-6icU You will be glad that you did!
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BizZne$$ BuzZ is all about your business. Small business is in trouble and they have been as far back as the “rocking” that occurred in 2008. The 14.2 percent loss of many brick and mortar small businesses happened by the year 2015 (source, NFIB 2015 Report). Already being squeezed by Internet predators, like Amazon, E-Bay, etc. They are literally sucking the life out of small businesses by customer and profit “siphoning.” B2B Networking Groups and social media disappointments abound.
Small business needs a “counter” to these E-commerce tsunamis and that mechanism is the power of UNITY, RELATIONSHIP and the Law of RECIPROCITY. This is an EDGE that is a non-compete. The “perfect storm” of shut down/customer distancing, lack of capital and uncertainty are the devastating effects of COVID19 disruption.
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Frank Helring is the CEO and Founder of TheHubmartLLC. He is an established executive with over 45 years of service encompassing Christian ministries, private/corporate insurance, public/philanthropic enterprises and private equities sectors.
His past tenures include owning his own General Insurance Agency from October 1977 to 1991, serving as an Executive Director with World Vision of Orange County from 1994 to 1998 inclusive as a President and CEO of a community-based organization.He has served as President of JMS Consulting Group 2004-2006, a private equities firm in Los Angeles during which time he personally consulted to the VP of Benefits of the legendary NFIB.com on “Boutique” Membership programs and Association negotiating levels of involvement. He and his wife have owned Allure Med Aesthetics, Inc. a medical aesthetics practice, since 2013. Most recently, he is currently involved with revolutionary firms engaged in accelerating the emerging “opportunity commercial marketplace” and cutting edge medical regeneration technologies.
Frank resides in Mission Viejo, with his wife Rhoda. His combination of grassroots community involvement, strategic relationships formation and continued success as a visionary corporate entrepreneur distinguish him as an invaluable asset to the small business community at large.