A Bubble Requires Belief That There Is No Bubble

It's Friday desk clearing time for this blogger. "A wave of suspicious deals by real estate agents selling bank-owned or distressed homes at ultra-low prices is sweeping Southwest Florida, a News-Press investigation shows. The practice is called 'flopping.' In it, the banker, on the advice of its...
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The Scope For Real Estate Is Simply Unlimited

Smart Company reports from Australia. "Outspoken economist and consistent housing bubble denier Rory Robertson says those who continue to rent in the hope that prices will crash are backing the wrong horse. He says many of the 'doomsters don't actually know very much about local housing and home...
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Beyond Bailouts To Handouts

The Herald Tribune reports from Florida. "Much of the slippage in Florida's share of older residents can be linked to the economic downturn and housing crisis. Census Bureau projections had predicted a 17.8 percent share for Florida in 2010, anticipating a wave of early retirees that did not...
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The Lifestyle They Thought They’d Left Behind

Readers suggested a topic on expectations and the housing bubble. "How can most non-rich Americans reasonably expect to live in the future? Looking at the big costs, food, housing, transportation, education for the young, health care in old age, years in retirement. If it is less than in the past,...
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In It For The Investment

It's Friday desk clearing time for this blogger. "Researchers with the Federal Reserve Bank of New York found that investors who used low-down-payment, subprime credit to purchase multiple residential properties helped inflate home prices and are largely to blame for the recession. More than a...
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When Things Went Thump

The Patriot News reports on Pennsylvania. "Nearly 14,000 Harrisburg-area property owners have lost their homes to foreclosure since 2008. The foreclosures involve all neighborhoods, from downtown Harrisburg to suburban golf course developments. In 2005, Phyllis Adams paid $93,000 for an older...
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An Endless Plateau Of Foreclosures

The Chicago Tribune reports from Illinois. "Congressional candidate James P. Hickey's finances are coming under scrutiny. The Tribune has found the former mortgage broker filed for bankruptcy last year and lost six rental properties to foreclosure. Hickey pins his financial woes directly on the...
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