Buying A Home Is Always A Winning Proposition

Some housing bubble news from around the globe. Brent & Kilburn Times in the UK: "Flats in the controversial proposed development on the site of the scrapped Willesden Green library have gone on sale – in Singapore. Even though the first brick has yet to be laid, the 'high quality London...
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Paying The Price For A Long And Seamy History

A reader suggested a topic on housing loans. "Will the home mortgage market ever go back to the way it was 20 years ago? Will econmic growth ever get above 2%? If not how will growing Goverment debt be paid back?" The Washington Post. "The politics of housing finance reform are starting to get...
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Bubbles Aren't Punctured By External Factors

It's Friday desk clearing time for this blogger. "The U.S. Treasury Department needs to do more to learn why more than a quarter of the borrowers in a federal mortgage workout program have re-defaulted, costing taxpayers at least $815 million, according to an audit. The report underscores a...
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A Bet That Prices Will Appreciate

Palo Alto Weekly reports from California. "At Classics at Monroe Place, a development of 26 homes on the former Palo Alto Bowl site at 4329 El Camino Real, four homes previewed on Saturday, July 13. Bids were proffered by 6 p.m. Sunday and offers accepted by 6 p.m. Monday. The prospective new...
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It's Nearly Too Late For The Theoretical Wealth Creation

The Kitsap Sun reports from Washington. "Some 40,000 property owners got change-of-value notices in the mail Saturday, compliments of the Kitsap County assessor who says plummeting home values finally appear to be leveling off. The 40,000 notices that went out are fewer than half the amount sent...
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A Cash For Clunkers For Housing

Readers suggested a topic on timing and the housing bubble. "How soon from now will broad awareness of the U.S. echo housing bubble lead to a tipping point where nobody is willing to buy any longer and a large number of recent investors try to cash in at about the same time?" A reply, "Remember the...
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