December 2007
9 posts
“But foreclosures aren’t the problem; home prices are. People simply...”
– Foreclosures are a Symptom, Home Prices are the Problem
“Chris Thornberg, an economist and principal at Beacon Economics, contends that...”
– Housing Bubble Blog
“One final thought. How can any of this get repaired unless home values...”
– FSU Editorial: “Housing - Simple As That” by Christopher Martenson 12/17/2007
“The Chronicle analyzed ownership information for 6,557 Bay Area homes and condos...”
– Investors own about one-fifth of Bay Area homes in foreclosure
Fantasy Football
Eli Manning is TERRIBLE (my season depends on Plaxico Burress for all intents and purposes).
Look...
“‘There are tons of houses on my block that haven’t sold,’ said Veronica Frausto, a county social worker and single mother who bought her house for $612,000 in 2005. ‘They have signs up, and it’s affecting the value of my home as well. It’s ‘price reduced,’ ‘price reduced.’” Listen, if you are a single earner making what, $40,000 a year, under what possible stretch of the imagination do you...
New York
I really do like living in New York, but this morning reminds me why I probably won’t stay here. It’s Saturday morning, and we are trying to enjoy our breakfast, paper and get some of our not-yet-overdue wedding thank-you notes done. Since about 9:30 AM jackhammers from the building construction next door has been going constantly (it’s now 11:15). It’s hard enough to have...
“Over the past decade, Wall Street built a market for more than $2 trillion in...”
– U.S. Mortgage Crisis Rivals S&L Meltdown - WSJ.com
