- 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
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.
Aug 24
WILKES-BARRE – It appears that a lawsuit a hotel owner filed against the city of Wilkes-Barre and its code enforcement officer can head to trial.
The owner of the now-vacant Red Carpet Inn, located at 400 Kidder St., filed suit in U.S. District Court for the Middle District of Pennsylvania in July 2008 claiming that the city and Code Enforcement Officer Frank Kratz violated his civil rights by effectively forcing the hotel out of business.
via The Times Leader.
Aug 21
Gross sees what we all know – while the housing bubble may have deflated, the mortgage bubble is alive and well, thanks to artificially low interest rates. Left to an unfettered free market, rates would skyrocket, and the housing market would get smacked down once again.
via Seeking Alpha.
Aug 14
The ultimate cause of the rant was a quote from Pimco’s Bill Gross, saying that he would only buy mortgages sans a government guarantee if first-time homebuyers were forced to make 30% down payments.
via Seeking Alpha.
Aug 08
Squatters! Someone took our lock box off the door and is now living in our home, what to do now?
via Zillow News.
Aug 07
Haven’t we heard this song before? “You too can get into your very own home with only $1,000 down! Step right up, step right up boys and girls…”
If my memory does not deceive me that caused the mess the housing market is still in today. Yet our illustrious Federal Government is insisting this is a path for revitalizing the housing market.
Jul 29
That is 700,000,000,000 dollars folks. Into our industry. By any measure we are not any better than we were last year. Of course, it can and probably should be said without the governments intervention we could be in a much worse place.
But this is the cost of not letting the market fall to it’s natural bottom but instead of trying to manage it down.
