Barney Frank has gone beyond my last nerve. I’m tired of hearing this guy talk, so today is the day for his post. I don’t normally curse a lot in posts, so if you are sensitive to it, I have… Read More ›
housing bubble
“House price declines actually accelerating…”
So the Fed has lowered interest rates to rock bottom, at 3.75%. The government has been a bank for several months, making 90% of mortgage loans to anyone with a pulse, following the same doomed playbook the sub-prime lenders followed…. Read More ›
What Caused Our Economic Collapse in a Nutshell
Update March 13, 2013 – if you like this post, I also recommend reading my post, How to Destroy America in Ten Easy Steps. The fact is, the entire housing bubble and the economic collapse were caused entirely by our… Read More ›
Safe Mortgages Collapsing
After reading this L.A. times article from Saturday, I have to ask myself, why is the government surprised that conforming loans, the “safe bet investment” 30 year fixed rate loans that have been the bread and butter of mortgage loans for generations,… Read More ›
Case-Shiller Exposes A 45% Decline In Housing Ahead
Click to enlarge image The chart above of the Case-Shiller Index shows that home prices were on trend in the 90’s, then the start of the housing bubble around 2008, the bubble itself, and the current correction. The problem the… Read More ›
The Continuing Collapse of Housing
The economy and the housing market are conjoined twins. What each does affects the other directly, and immediately. The economy is driving down the housing market, which in turn is driving down the economy. Where will the rabbit hole end?… Read More ›
FHA Mortgage Implosion Happening Now
As I noted in a recent post, a mini-bubble began this summer caused in part, by FHA loans. The pin is finally here. The Horrifying Facts According to the L.A. Times in just the past eight months, the FHA has… Read More ›
The Housing Bubble Returns – Here we go again…
FHA loans now make up 25% of the mortgage loans in the U.S. That is up from 3% just a couple years ago. I smell a bubble. Meet Phil Phorclosure. Phil meets the minimum requirements for an FHA (government) home… Read More ›
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