No horse gets anywhere until he is harnessed. No stream or gas drives anything until it is confined. No Niagara is ever turned into light and power until it is tunneled. No life ever grows great until it is focused, dedicated, disciplined. - Harry Emerson Fosdick
Sep 02
- Little Hope for Housing by Jon D. Markman
- Beware the Case-Shiller Lag by The Fundamental Analyst
- Subprime WAS Profitable by Karl Smith
- Home Prices Rose in June, But… by Zacks.com
- More Evidence That Housing Has Stabilized by Calafia Beach Pundit
- Bank Self-Dealing and the Supercharged Financial Crisis by Rortybomb
- Home Prices Respond to Government Cheese by Karl Denninger
- Case-Shiller Up, But Still Distorted by Housing Credit by Sold At The Top
- False Hope for Housing From Case-Shiller by Tim Iacono
Sep 02
A legal battle between the City of Saint Paul and a handful of landlords could force the city to pay millions.
It all centers around code enforcement.
The city says it was trying to make sure housing is safe and sanitary. Landlords who are part of the suit say the city went too far, hurting their rental business, hurting people who need affordable housing.
Twelve St. Paul landlords claim the city’s aggressive code enforcement forced them to make expensive unnecessary repairs. They say the enforcement also forced them to cut back or sell out and that hurt affordable housing in St. Paul.
Sep 02
let there be no doubt: as long as you continue to blame others instead of assuming your responsibilities, you will make no meaningful and enduring change for the better. What kind of people are we, if we don’t have the character to own up to our own short-comings and responsibilities? To have and enjoy certain liberties requires us to hold each other and ourselves accountable for our actions. - Gary Ryan Blair
Sep 01
The ACLU has intervened for a man whose homeowner’s association told him he cannot fly a “Don’t Tread On Me” flag outside his home. The Avalon Village Community Association threatened to fine the man unless he removed the “Gadsden flag,” which the HOA allegedly called “debris.”
Sep 01
This is where everyone goes wrong. It wasn’t that everyone had convinced themselves that subprime would be profitable. Subprime WAS massively profitable. There were subsequent losses for those who, unlike Goldman (GS) didn’t jump ship in time. But, make no mistake, plenty of people made bank off subprime.
via Seeking Alpha.
Sep 01
Can owner post “for sale” sign in front of my rental?
I have a 12-month contract to rent. House was previously for sale by owner. Following signing of my lease, the owner listed it with a real estate agent and now I have a large colorful sign in front of my house. It is NOT in my contract. What are my rights? May I legally remove it?
via Zillow News.
Sep 01
All religions are the same: religion is basically guilt, with different holidays. - Cathy Ladman
