July 14, 2008
Against the Fannie/Freddie bailout
The shareholders and bondholders, not the taxpayers, ought to take the hit.
July 03, 2008
The St. Joseph Home Sale Kit: Another product promotion straight from the Onion
If ReMax or Century 21 doesn't work, the power of prayer can't hurt, especially at $6.99.
April 13, 2008
A big step backwards
Kevin Drum correctly lands on the $25b homebuilder cookiejar in the Senate's housing bill (passed on Thursday) with both feet. Is it fair to pile on? You betcha; anyway fairness has almost nothing to do with the part of this outrage Kevin doesn't mention, which is the lunacy of subsidizing housing in any way with the earth heading for a...
December 14, 2007
Solvency, or just liquidity?
Krugman says some big financial institutions are probably insolvent, not just illiquid. But is he right?
September 08, 2007
August 06, 2007
Reforming "bankruptcy reform" for housing-bubble victims
If people have to walk away from their homes as the bubble bursts, let them walk away. Don't make them keep paying for housing they're no longer living in.
April 10, 2007
Buying a house? You're just throwing money away!
The NYT deconstructs real-estate-agent investment hype.
August 24, 2006
Look out beloooooooowwwwwww!
What soft landing? A house in Herndon, Va., goes on the market for what seems like a realistic $1.1 million, sells for $530,000.
July 29, 2006
Is housing finally on the way down?
The CME housing futures contracts are now trading, and they predict a drop of about 5% over the next nine months in ten cities with hot markets. That expectation isn't sustainable. The bubble could be about to pop rather explosively.
