Want bad news? Congress Dems want to expand Community Reinvestment Act
At Forbes, news on the next economic catastrophe, this time involving credit unions, insurance companies and mortgage lenders, not just banks: A Poisonous Cocktail Expanding the Community Reinvestment...
View ArticlePoliticians solving their own problem(s)
Thomas Sowell explains what politicians are after when making disastrous policy: Solving Whose Problem? No one will really understand politics until they understand that politicians are not trying to...
View ArticleFannie, Freddie, and Barnie
The Price for Fannie and Freddie Keeps Going Up Barney Frank’s decision to ‘roll the dice’ on subsidized housing is becoming an epic disaster for taxpayers. Bad news now, On Christmas Eve, when most...
View ArticleThose pesky “unexpected” numbers
Today’s headline: New home sales unexpectedly fall in December Sales of newly built U.S. single-family homes fell unexpectedly in December, data showed on Wednesday, the latest indication that the...
View ArticleHousing market goes into depression?
Cindy Perman of CNBC thinks so, Housing Market Slips Into Depression Territory Home values have fallen 26 percent since their peak in June 2006, worse than the 25.9-percent decline seen during the...
View ArticleVenezuela: Chavez says Egpyt embassy briefly taken over by protestors
A fake takeover, and a real takeover in today’s news: First, the fake takeover, Egyptian Embassy in Venezuela Briefly Taken Over, Chavez Says Demonstrators briefly took over Egypt’s Embassy in Caracas...
View ArticleThe Carnival of Latin America and the Caribbean
LATIN AMERICA Latin America’s housing boom It’s not all froth Big price hikes at the top end reflect a new, richer reality Adios, We Hardly Knew You FreedomHouse’s report PRESS FREEDOM IN 2010: SIGNS...
View ArticleWanted: Rich, foreign, homebuyers
The Wall Street Journal’s video on the new plan to grant residency cards to foreign buyers of homes costing $500,000 or more, 27768
View ArticleToday’s must-read on the housing crisis
While you’re reading this, keep in mind that the Community Reinvestment Act is still the law: Smoking-Gun Document Ties Policy To Housing Crisis Excerpt (emphasis added): The unusual full-court press...
View ArticleAnd now, a word about granite countertops
The WaPo has a rather long article about granite countertops, Granite: Why every homeowner wants a piece of the rock I could have saved them the verbiage. There are 4 reasons why: You can’t burn them...
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