Feeds:
Posts
Comments

Archive for the ‘Real Estate’ Category

Michael Hudson on Real Estate Taxation

Posted in Banking, Debt Peonage, Economic Bubbles, Economic History, Real Estate, tagged , on May 4, 2009 | 1 Comment »

Michael Hudson has been covering real estate for some time and is one of the very few experts on real estate taxation. The picture above is a good representation of how banks see the optimal real estate situation, people who are so in debt that they have to allocate most of their income to their [...]

Read Full Post »

What Happens During a Financial Crisis

Posted in Banking, Economic Bubbles, Economics, Real Estate, Stock Market, tagged , , on February 11, 2009 | Leave a Comment »

We thought this was a good primer as to what we can expect in the coming years. It provides a historical perspective as to what happens during a financial crisis. Actually, it is likely that we can expect worse than this due to the size of the bubble on the upside combined with the utter [...]

Read Full Post »

Amazing Decline of Housing During the Great Depression

Posted in Depression, Economics, Real Estate, Reference Articles on February 5, 2009 | Leave a Comment »

This is from a film on YouTube which is a classic. It demonstrates a shocking decline in house construction prior to and during the great depression. I think we are in for a similar decline in housing which will go far longer than most people project. http://www.youtube.com/watch?v=KlkOPAa4Mao

Read Full Post »

Walking Away from Mortgages

Posted in Banking, Deliberately False Financial Information, Economic Regulation, Investment Advice, Mortgages, Real Estate, Videos, tagged , on January 15, 2009 | 2 Comments »

(picture from http://boicemail.blogspot.com/2007/05/may-7-2007-newsletter.html) While banks are begging for and getting money to cover their losses, what has been must less discussed is whether homeowners will be offered debt relief. Henry Paulson, the Secretary of the Treasury has stated that the number one thing the government can do for the average American is “stabilize the banking [...]

Read Full Post »

Wharton Partially to Blame for Financial Crisis

Posted in Banking, Deliberately False Financial Information, Real Estate, tagged , on January 12, 2009 | Leave a Comment »

Universities like the University of Pennsylvania’ Wharton School with its very prestigious financial school bears some responsibility for this crisis. One reason being that they produce so many graduates with illusory or marginal skills, but that feel entitled to so much compensation. Richard Herringhere, very calmly explains how things got “a little out of control.” [...]

Read Full Post »

Why Didn’t Anyone Want to Hold Mortgages?

Posted in Banking, Mortgages, Pensions, Real Estate, tagged on January 12, 2009 | 2 Comments »

Something very instructive is how mortgages evolved over time. In the past banks and savings and loans owned and serviced mortgages in the US. After the savings and loan crisis of the 1980′s this dramatically reduced the number of savings and loans, which was really too bad because there is good evidence that savings and [...]

Read Full Post »

Real Estate Bubble Math

Posted in Economic Bubbles, Mortgages, Real Estate, tagged on January 11, 2009 | Leave a Comment »

Why So Misunderstood? This topic is very poorly understood. One reason it is misunderstood is because there are large interests in banking and real estate that promote the misconception. The misconception is that higher and higher real estate prices are a good thing because they become a substantial portion of net worth for normal citizens. [...]

Read Full Post »

60 Minutes on Housing Bust

Posted in Real Estate, Videos on January 8, 2009 | Leave a Comment »

How was this allowed to happen?

Read Full Post »

Hilarious Video on Mortgage Backed Securities

Posted in Banking, Mortgages, Real Estate, Stock Market, Videos on January 8, 2009 | Leave a Comment »

Read Full Post »

John McCain and Lincoln Savings and Loan

Posted in Bailout, Banking, Real Estate on January 7, 2009 | Leave a Comment »

Interesting that this never came up during the 2008 Presidential election. It was 18 years prior to the election and it seems that 18 years is too long ago for most to remember, and also too far back for the media to check on. The cost of the Lincoln and savings and loan was $3.4 [...]

Read Full Post »

Older Posts »