Housing Market
« Previous EntriesLarry Winget on the Housing Crisis - An Interview
Wednesday, April 30th, 2008Of all the “gurus” in the world, Larry Winget has become one of my favorites. Why? Because he tells it like it is. He doesn’t sugar coat anything and he’s always cosistent. I like that.
Larry’s been a busy guy lately making appearances on various TV shows and doing all the things […]
Sad Fact: Some People Are Just Idiots
Monday, April 14th, 2008Lily over at TheHonestDollar alerted me to an interview with a couple who’s home is in foreclosure. If this couple is any indication of America’s view of debt, this country is in BIG TROUBLE!
Here’s the part of the interview that made me cuss:
The Sinclairs say they never meant for this to happen, but Esmeralda […]
More Thoughts on the Housing Mess
Friday, April 11th, 2008I’m getting tired of hearing about the housing mess. I’m especially getting tired of headlines like these:
Housing bill doesn’t help those in most trouble
Maybe these bills don’t help those who need the help the most because they are “unhelpable” (I’m pretty sure that’s not a word). For the record, I’m against even helping […]
This is Pure Genius
Wednesday, April 9th, 2008Here’s a novel idea:
1. Buy a house.
2. Finance it with an adjustable-rate mortgage (ARM), interest-only ARM, or some other mortgage that will get your initial payment down so you can afford the house.
3. Don’t worry about the mortgage reset because the value of the home will continue to increase and you can […]
Big Surprise: Mortgage Brokers Don’t Like the Fed’s Plan
Monday, April 7th, 2008I saw this tonight on Marketwatch:
The Fed has proposed prohibiting brokers from receiving yield-spread premiums, sums lenders pay to brokers for higher-rate loans, unless the broker has entered a written agreement with the consumer disclosing total compensation. The written agreement would occur before the consumer applies for the loan or pays any fees.
Brokers reap outsized […]
One Advantage to Home Foreclosures: Lower Home Prices
Tuesday, March 25th, 2008From today’s Wall Street Journal:
A glut of foreclosed homes of historic proportions is starting to drive down U.S. home prices faster as lenders put more properties on the market and buyers show signs of interest.
The ability of America’s lenders to manage this fire sale will be crucial to determining how long the housing market stays […]
The United States of Subsidized Housing
Wednesday, February 27th, 2008The housing and mortgage crisis is quickly becoming an all-out bailout funded by responsible taxpayers.
I’m scratching my head trying to figure out what exactly our government is trying to do regarding the mortgage crisis. Today’s Wall Street Journal had an article ($) detailing Barney Frank’s (or is it Barney Fife?) plan:
Barney Frank (D., Mass.), […]
What is “Stagflation?”
Thursday, February 21st, 2008Today’s Wall Street Journal featured a front-page article about stagflation fears ($). From the article:
The U.S. faces an unwelcome combination of looming recession and persistent inflation that is reviving angst about stagflation, a condition not seen since the 1970s.
Inflation is rising. Yesterday the Labor Department said consumer prices in the U.S. jumped 0.4% in […]
2007 Was a Horrible, Horrible Year For Home Builders
Wednesday, January 30th, 2008After posting yesterday’s look at the Dow Jones Home Construction Index, I decided to take a look at the index’s 14 components. Here’s how each component performed in 2007:
Of course I’m not telling you anything that you didn’t already know. We all knew it was bad, I just didn’t know it was that […]
Could There Be a Link Between Foreclosures and Arson?
Wednesday, January 30th, 2008This MSN article investigates whether or not there’s a link betwen foreclosures and arson. The article doesn’t come to any meaningful conclusions but it does mention some troubling cases:
In Woodland Park, Colo., a homeowner was accused of burning his home just before he was evicted in a foreclosure action.
In Houston, a man was charged […]