The Housing Bubble Blog

A report from the Virginia Pilot. "The yellow-brick building with a view of the Chesapeake Bay seemed ideal to Adam Law. Condos there were small but reasonably priced, and from Ocean View it was a short drive to his job in Hampton. Plus, the contract stipulated that the developer would pay the...

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I posed a topic on housing policy, jobs, and the support of the people. "I’ve suggested in the past that the US govt was making a mistake by focusing on propping up housing prices (and Wall Street) instead of addressing the real problem; what to do for a living instead of selling each other houses....

What do you see in your housing market this weekend? Auctions? "A partially completed luxury home subdivision on Hawaii island is headed back to the foreclosure auction block after a failed gambit by the developer to retain a stake in the $100 million project through bankruptcy. Up for auction are...

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It's Friday desk clearing time for this blogger. "A Del City family fears they may be out on the streets after a shocking notice appeared on their door Tuesday. Nick Evans and his brother packed up their families earlier this year and moved from Reno, Nevada to Oklahoma looking for a new life....

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The Missoula Independent reports from Montana. "Celebrated Montana landscape artist, publisher and restaurateur Russell Chatham told the San Francisco Chronicle that he's left Montana and returned to his home in West Marin in hopes of painting his way out of financial ruin. In short, Chatham made...

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ABC 7 Chicago reports from Illinois. "A new survey finds nearly half of homeowners in the Chicago area owe more on their mortgage than the home is worth. ABC7's Leah Hope has more on the impact of this downturn: Those trying to relocate for a job or find more space for a growing family will likely...

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The Tampa Tribune reports from Florida. "If anything can tell the story of Florida's housing boom and bust it's this: In early 2007, Floridians were drawing nearly 20 percent of their total incomes from home-equity loans and credit lines. Property values rose so high, so fast, people couldn't...

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The Santa Cruz Sentinel reports from California. "After sustaining heavy losses in the economic downturn, CalPERS is recovering. But to some, the asset tumble gave rise to a growing realization that investment returns alone can't sustain the higher level of benefits. Even a blip in the...

What do you see in your housing market? Auctions? "Two new East Harlem condominiums will hit the auction block next month as their anxious developers forego the traditional brokerage route and instead attempt to unload the entirety of their inventory in one shot, auctioneer Paramount Realty USA...

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Readers suggested a topic on the economy. "The weekend topic I would like to discuss is: the US is in a stagflationary depression. For the purpose of this discussion, never mind the NBER’s definitions determined by calendar quarters of 'real' GDP growth/contraction. The 'official' calculation of...

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