I'm Calling Bullsh*t

≡ by the Mysterious Flying Miser ≡ This morning I turned on my computer, cranked up the Google, and prepared myself to download a shmear of articles and frustrated comments from Realtors gone bust, decrying their new-found poverty, looking for new careers, and encouraging the rest to take similar...
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A Prime Crisis

≡ by the Mysterious Flying Miser ≡ From Forbes 17May2007: “The subprime mess is grave but largely contained, said Federal Reserve Chairman Ben Bernanke Thursday, in a speech before the Federal Reserve Bank of Chicago. While rising delinquencies and foreclosures will continue to weigh heavily on the...
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The Aspirin Report For The Week Of August 17th

by NYCityBoy In this first ever installment of The Aspirin Report we take a look at the headlines of the week, from our good buddies in the financial press. The headlines are often so simplistic, confusing and delusional that they will give you a whopper of a headache. That headache will require...
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Value Is Not There

It's Friday desk clearing time for this blogger. "More than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure. The record-high numbers released Thursday by the Mortgage Bankers Association are being driven by borrowers with traditional...
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The Addiction To Fake Wealth

-by NYCityBoy As the economy continues to wind, and unwind, a lot of predictions get made. Some are dire. Others are nothing more than sweetness and light. Most have as much chance of coming true as I do of being voted Miss New Jersey in 2010. Thinking of the future can be fun, exciting, nerve...
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Suzanne, Santa Or… Satan???

The opinions expressed in this GUEST POST are solely ahansen’s and do not necessarily reflect those of the owner, administration, or readership of thehousingbubbleblog.com ­First a bit of business. With all the grim news and hot weather of late, the conversation here at HBB has started to take on a...
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The Meanest And Nastiest Thing

→by the Mysterious Flying Miser From Bloomberg: “Banks repossessed almost three times as many U.S. homes in July as a year earlier and the number of properties at risk of foreclosure jumped 55 percent as falling prices made it harder to sell or refinance. “Bank seizures rose 184 percent to 77,295,...
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China Has Not Been Immune

→by the Mysterious Flying Miser From the Huffington Post: “The $180,000 apartment seemed a great investment and the perfect way to start off married life. Zhang Yong jumped at the chance. “‘I saw it in the morning and bought it in the afternoon,’ Zhang says, sipping a cappuccino in a rooftop coffee...
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A Price That Works In A Market Headed South

It's Friday desk clearing time for this blogger. "The Obama administration's program to modify troubled mortgages has started strong but must pick up steam, U.S. Housing and Urban Development Secretary Shaun Donovan said in Seattle. Donovan defended the administration's foreclosure-prevent efforts...
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