The Associated Press reports on California. "San Diego broker Colleen Cotter began knocking on doors this year after scouring property records to find homeowners who didn't owe money. If someone answers, she makes an all-cash bid on behalf of investors who don't even visit. Nearly one of three...
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Readers suggested a topic on central banking. "We have reached the end of a century of recurring panic-ridden financial management at the hands of the central banking oligopoly. I am curious whether any of the big minds in academia have considered whether some kind of perestroika of the current...
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It's Friday desk clearing time for this blogger. "Seattle real estate appraiser Richard Hagar says the economy is good here and people are buying houses non-stop. That means most people aren't getting the house of their dreams but rather what's left over. That may sound like a downer but Hagar sees...
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Please post your predictions here. Some from six months ago, "The US will run out of land." One said, "The misinformative media messaging and reality will continue moving in opposite directions and a growing number of people will begin to see that. It’s already happening. Ask around….. J6P will...
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Some housing bubble news from around the globe. Fund Web, "A senior Bank of England official has refuted criticism that quantitative easing has created fresh asset bubbles in the world’s financial markets. External Monetary Policy Committee member David Miles argued that the Bank’s QE programme has...
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Readers suggested a topic on the GSE's. "How about a topic on Fannie and Freddie - their planned demise, what is going to end up taking their place, is there the slightest chance that nothing will take their place, etc. I’m pasting this from the NYT. Don’t ususally post entire articles, but I can’t...
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It's Friday desk clearing time for this blogger. "Despite a devastating housing crash and a persistent recession, house flipping is back. So too may be the housing bubble. It looks like people haven’t learned much in the last seven years. Back in May, NPR reported on the return of house flippers,...
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