Priced Out of House and Home

The News: The Wisconsin Institute for Law & Liberty (WILL) issued a new policy report, Priced Out of House and Home: How Laws and Regulations Add to Housing Prices in Wisconsin. The report examines the ways in which government regulation has contributed to the rising cost of home prices in Wisconsin. The report makes recommendations for both state and local policy makers to remove barriers to the development of more affordable market-rate housing.

The Quote: WILL Policy Director, Kyle Koenen, said, “Arbitrary government regulations that restrict property rights and depress the supply of affordable, market-rate housing options are pricing more and more families out of their version of the American dream. Policymakers at all levels of government should work to remove unnecessary barriers that contribute to the growing costs of homes nationwide.”

backgrounds: Over the past few years, the rising cost of housing has been a growing concern among Americans, particularly those looking to purchase their first home. Fewer Americans believe that now is a good time to buy a home than those who believed this during the Great Recession. Furthermore, a record low number of Americans believe they are ever going to own a home. Historically, low levels of housing inventory suggest that the lack of supply plays a key role in the shortage of affordable market-rate housing options. In a nation where home ownership has historically been one of the primary means of wealth creation for lower- and middle-class families, the increase of people being crowded out of the housing market has the potential to obstruct upward mobility in the long-run.

This tight supply can be attributed to a number of factors, including the inflation of construction materials and a lack of qualified labour. However, for developers who prepare land for housing and builders who build the homes, government regulations from the local, state and federal level make it more difficult and expensive to develop affordable-market rate housing.

Key Findings:

  • The government adds approximately $88,500 to the average cost of each new-built home in the Midwest. Based on national data on the cost of regulation, and regional data on the cost of new homes, this figure represents more than a quarter of the cost of the average new home.
  • The regulatory hoops before new construction can begin are extensive. A survey of Wisconsin builders found that the average development takes 14 months to even begin construction. Much of this is due to a tangled web of regulations where development can be stopped at every term.
  • Hyper-local control obstructs affordable market-rate housing and the exercise of property rights. National research shows that most people are supportive of the development of affordable housing, so long as it’s not in their backyard. The more opportunities for community input on a particular project, the less likely it is that the project will reach completion.
  • “Pro-environment” policies often worsen sprawl and pollution. Requirements for extensive green space in a development sound good on paper, but limit the density of new
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New Orleans real estate outlook: signs of stress emerging | Business News

Marcus Campo, president and CEO of Nola Build Construction and Design, which does residential construction, said insurance premiums have more than doubled for some homeowners, which is pricing them out of the market.

“In some income brackets, when their costs increase from $200 to $500 per month, that could be catastrophic,” he said.

To an extent, the problem is bigger than New Orleans, according to Melissa Simeon of Fontenelle and Goodreau Insurance, who noted that the cost of reinsurance — the coverage insurance companies buy to protect themselves — continues to rise. That is then passed on to rate payers at the local level.

“There have been 112 separate $1 billion-plus disasters in the US since 2015,” she said. “So this is making things even more difficult.”

Population decline

In the commercial real estate sector, inflation and supply chain disruptions are driving up costs, according to Leon Audibert, a broker with Property One. The cost of building a new warehouse, for example, has increased to more than $100 per square foot, compared to around $70 per square foot before the pandemic. As a result, lease rates have more than doubled to $12 per square foot versus $6 per square foot in 2020.

“Local and regional tenants are feeling that,” Audibert said. “But we haven’t had a lot of pushback from national tenants.”

As for the office market, occupancy is averaging around 80{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} for class A office towers downtown and in Metairie, and lease rates remain strong, according to Andera Huseman, a broker with Corporate Realty.

People gathered in downtown New Orleans

People gather in downtown New Orleans near the Superdome on Monday, Nov. 13, 2017.

But that’s in part because no new office towers have been built in New Orleans in 30 years. And more recently, many older buildings have been converted to apartments or hotels.

“Other big cities have an oversupply,” Huseman said. “We have the same old building we’ve had for 30 years plus we’ve done a lot of adaptive reuse.”

Huseman and others said the area has suffered from a drop in its population relative to other cities and states, which directly and negatively affected the real estate sector.

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Wisconsin: A Broken Home for Home-based Businesses

The Quote: WILL Writer and Research Analyst, Cori Petersen, says: “69{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} of businesses began in someone’s home, including some of today’s largest, most profitable companies like Apple, Amazon, and Google. Cities love to say that they are open to business, but if they have overly restrictive regulations that prevent our smallest of businesses from growing, then it’s time for a change.”

backgrounds: The COVID-19 pandemic has brought lasting changes to the world’s economy; and from it, nearly 30{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} of the workforce voluntarily left their jobs in 2021. This “Great Resignation” led to a boom in entrepreneurship, with many workers taking control of their destinations and starting their own businesses, often times in their own homes. While some entrepreneurs treat these businesses as ways to supplement their income, many may grow into successful, full-time employers.

Yet, communities across the nation, and specifically in Wisconsin, have instituted lengthy lists of regulations that create barriers to people starting in-home businesses. Some regulations, specifically those that address major negative externalities such as excessive sound and pollution in residential areas, may make sense. However, many of the rules on the books are arbitrary and unnecessarily burdensome.

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45 Amazing Home Based Business Ideas to Consider in 2023

Home-based businesses are becoming increasingly popular. There are a wide array of business types that can be run mostly, if not entirely, from home offices. If you’re looking for a home-based business idea to start your new venture, here are some to consider.

The Home-Based Business Market in 2023

The online business world has become exponentially more popular over the last few years. Many existing businesses were forced to pivot their existing operations to remote models during the pandemic. And this increased acceptance of remote work also opened up opportunities for home business ideas in other industries. There are also many technology opportunities to support those pivoting to remote models.

home based business ideas

Why Should You Consider Starting Your Own Business From Home

If you’re thinking of starting a business in 2023, here are some top reasons to consider running it from your own home:

  • Decreased costs: With a home business, you don’t need a separate office or retail space. You can save that money to use in other areas instead.
  • Increased flexibility: Running a business from home allows you to work nearly any time. Depending on your industry, you can work around your family’s schedule or even change location as needed.
  • Access to talent in any location: If you need to hire or outsource certain operations, you don’t need to just look for those who can work with you in person. You can instead work with anyone around the world remotely.
  • Opportunities for work-life balance: Time and location flexibility may allow you more opportunities to travel, enjoy fun hobbies, or have quality time with loved ones.
  • Ability to pivot and scale: You can run a business from home indefinitely, or just start there to save money and pivot or grow over time.

There are home business opportunities in nearly every industry. Finding the best one for you may require some introspection or trial and error. But here are some of the best home business ideas to provide early inspiration for your search.

1. Dog Grooming Business

Set up a grooming space in your home or purchase a mobile grooming vehicle and travel to clients throughout your neighborhood. Then you can run the business operations from your home as well.

2. Subscription Box Business

Subscription box businesses involve selling groups of products each month or quarter on an ongoing basis. To run this business from home, you’ll need enough space to store inventory and sort it into boxes every month.

3. Virtual Assistants

Virtual assistants businesses run entirely online. You can help business clients with everything from scheduling to managing their social media accounts and communicating with them via email or Zoom.

4. Social Media Manager

Or you can start a dedicated social media business where to manage posts and strategies for various businesses.

5. Dropshipping Business

A dropshipping business is an online store where the inventory management and logistics are managed off site. So you’d essentially pay an outside service to help you with these extra elements.

6. Marketing Services

Entrepreneurs with

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expert advice for healthy growth |

If you know exactly when to fertilize roses and get the job done at the right time, you will certainly reap the rewards: a show of bigger, better blooms, and healthier plants in the long run.

As a very general rule, roses should be fed in spring and late summer, but zone-by-zone and rose type by rose type, there will be subtler variations. ‘Roses are generally quite hungry plants and appreciate feeding annually with a top-dressing of balanced slow-release fertilizer applied in spring and again in mid-late summer,’ says H&G‘s gardening expert John Negus.

Luckily, your roses will help you narrow this timeframe down by giving you signs that they’re ready for a feed. And, our gardening experts have all the specialized information you need, below.

This is when to fertilize so that your rose garden ideas reach their potential.

When to fertilize roses

Whether you are planting roses now or looking to boost the health of existing plants, this guide breaks down when you should feed roses, by season, type, and the signs to look out for that roses are hungry, or over-fed.

First things first? Ensure conditions are right so that your roses take up as much of the fertilizer as possible: ‘It is always best to apply fertilizer (granular or liquid) to moist soil so you do need to ensure plants receive plenty of water in order for them to be able to make the most of the additional nutrients,’ advises John Negus.

When to fertilize roses in spring

As soon as the weather begins to warm, you will notice new growth starting to appear on established roses. This is the sign that roses are ready to be fed.

‘The right time for roses to be fed is just when their first leaves are starting to fully open,’ advises our garden writer Drew Swainston. Gardening editor Ruth Hayes agrees: ‘A rose fertilizer can be applied just as these greedy plants start to grow again,’ she says.

When to fertilize roses in summer

Roses will need another feed in mid to late summer, too, to promote root growth and ensure an even better show of blooms next year.

‘Reapply fertilizer in mid summer to give them a secondary boost,’ says Ruth Hayes. ‘After pruning the roses, feed it with a granular rose fertilizer and carefully fork it in, taking care not to hit the roots. Then water well and overlay with a generous layer of mulch.’

You can find out when to prune roses in our separate guide, but in general, the answer to that question is mid to late summer, obviously.

How often to fertilize in the growing season

Sticking to a twice-yearly rose feeding timetable isn’t the end of the story; while roses are blooming, they will benefit from being fertilized more often, usually once a month, starting after the first blooms have faded.

When to fertilize new roses

Fertilize new roses as you plant, and thereafter. When to plant roses? In spring once the

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