Archives for July 2008
The market is speaking. When we say that print advertising is a means by which to satiate sellers and not an effective way to market a house, will sellers finally take note of the reality of the market? The LA Times' shuttering/merging of its real estate section is a sign of the times, and one that Realtors and Sellers should recognize (I think that Buyers already Read More
"The economy is addicted to easy money, inflationary programs of the federal reserve as well as deficit financing ... there is some pain with it ... hopefully we will soon wake up and change our ways, but today's vote on the House floor dealing with he housing bubble there's no sign that we're about to tighten our belt and live within our means." Hat tip: Seeking Alpha And here you have the Read More
And it's too bad that it takes one of their clients to be bold and recognize this simple, simple fact. Aren't Hauser and Churchill and Stonehaus all going broke and filing for bankruptcy? NO. They are simply reorganizing and downsizing. This has been a difficult time for everyone, but sales are still happening in Belvedere. This project Read More
From the WSJ.
So far, Washington has put its political capital into trying to refinance salvageable homes for unsalvageable homeowners, when a relevant policy would consist of judiciously buying unsalvageable houses and demolishing them. Fannie and Freddie's strength is housing market software: They could be put to work devising a least-cost, Read More