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Readers suggested a topic on jobs. "I’d like some discussion on people that have lost their jobs that were making a lot of money (in banks as VPs, or corporations) suddenly realize that they are not in demand. My own view is that these people were all fluff and were employed due to the sham economy...
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Readers suggested a topic on housing bubble stuff. "What is the most absurd form of conspicuous consumption you have seen with an HBB theme? I flew for Thanksgiving so I had a chance to peruse the Sky Mall catalog. Here are a few of the contenders: Wood (or wood-like) end tables that you can also...
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It's Friday desk clearing time for this blogger. "Brian Persaud keeps his finger on the pulse of the Toronto real estate market and has an uncanny ability to sense a new trend before it happens. With the proliferation of so many investment condo units, one wonders if Toronto will become a city of...
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The Desert Sun reports from California. "California's middle class has been pinched harder by the Great Recession than workers in the rest of the country. By last year, less than half of families in the state, 47.9 percent, were earning middle-class incomes, between $44,000 and $155,000 annually....
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The Union Leader reports on New Hampshire. "The good news for the housing market? New Hampshire home sales rose 13 percent in September, the third-consecutive month sales have increased compared with the same month last year. The other news? The median purchase price dropped 10 percent during that...
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The Gainesville Sun reports from Florida. "The Windmeadows Apartments complex is now the property of Comerica Bank after no one but an attorney for the bank showed up to bid on it at a foreclosure auction. The complex was built in 1972 by the late Clark Butler. Butler and partners sold it in 2006...
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Readers suggested a topic on implications of the China housing bubble. "What are the implications for the U.S. housing market of a collapsing Chinese housing bubble? For instance, will the number of all-cash Chinese investors snapping up U.S. homes at fire sale prices decrease?" A reply, "Are the...
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Readers suggested a topic on central bank responses to the housing bubble. "Is the world financial system truly on the brink of collapse, or is Soros being unduly alarmist? And do carpet bombs of newly-created liquidity from the major central banks, as we saw dropped out proverbial helicopters this...
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