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economicdespair.blogspot.com

Economic Despair: January 2008

http://economicdespair.blogspot.com/2008_01_01_archive.html

Britney Spears back in hospital. It is only a matter of time before the men in white coat come for Bernanke. A recession just in time for the superbowl. It looks like the recession is already here. From the New York Times. Consumer spending slowed in December and inflation continued to rise, the government said Thursday, leaving the Federal Reserve little leeway as it ponders policy decisions in the months ahead. As spending slows, prices continue to rise, a combination that has some economists suggestin...

economicdespair.blogspot.com

Economic Despair: December 2007

http://economicdespair.blogspot.com/2007_12_01_archive.html

Can the housing market get any worse? Month after month, the numbers from the nation's housing market deteriorate. Sales of new homes have plunged even more than expected to their lowest level in more than 12 years, leaving the market glutted with unsold homes and pointing to more trouble ahead for the battered housing market. New home sales tumbled 9 percent in November to a seasonally adjusted annual rate of 647,000, according to a Census Bureau report Friday. Cramer meets Ron Paul. If 2007 was the yea...

paper-money-tales.blogspot.com

Paper Money - Paper Tales: January 2007

http://paper-money-tales.blogspot.com/2007_01_01_archive.html

Paper Money - Paper Tales. Thursday, January 04, 2007. Here's an account of a nephew who is advised to turn down an inherited Miami condo! Seems his rich uncle left him with more than just a ritzy pad. He got mounds of debt too! The story from the. Star News of North Carolina. Dear Mr. Berko. A lot of Florida banks holding construction loans are bleeding bullets, yet the builders keep building. Go figure! And no, a thousand times no, do not move to Miami. Posted by SoldAtTheTop at 9:24 AM. End of the Myth.

economicdespair.blogspot.com

Economic Despair: April 2007

http://economicdespair.blogspot.com/2007_04_01_archive.html

The biggest liar gets the deal. There is a reason why financial markets are regulated. Society needs protection from unscrupulous lenders who will mislead and defraud vulnerable borrowers. However, it is strange how such simple truths can be forgotten, and then suddenly remembered when it is too late. Here is the story of one devious mortgage broker from the AOL real estate website. A Mortgage Broker Reveals the Tricks of the Trade. There's an old saying in the mortgage broker business: The biggest liar ...

economicdespair.blogspot.com

Economic Despair: June 2007

http://economicdespair.blogspot.com/2007_06_01_archive.html

Buyers just don't understand mortgages. Why are mortgages so complicated? In principle, it is just a long term loan used to buy real estate. Yet, mortgage products have become so complex that no one understands them anymore. 183; Nearly nine out of 10 borrowers could not identify the correct amount of upfront charges connected with a loan. 183; Two-thirds did not identify a potentially nasty trap lurking in the loan; a substantial penalty if they refinanced within the first two years. Perhaps not. Th...

economicdespair.blogspot.com

Economic Despair: May 2007

http://economicdespair.blogspot.com/2007_05_01_archive.html

Subprime market is history. I loved the quotes in this article about the death of the subprime market - "Anything that smacks of no-income and no-documentation is history.". The subprime mortgage meltdown has been a shock to industry insiders, but now they say it's hitting harder and faster than expected - even to those who predicted the crisis in the first place. And speaking separately from his Atlanta office, Duane LeGate, president of House Buyer Network, a specialist in short sales and foreclosure p...

bakersfieldbubble.blogspot.com

Bakersfield Bubble: Always right...never wrong...

http://bakersfieldbubble.blogspot.com/2013/11/always-rightnever-wrong.html

Bakersfield's Official Real Estate and Economic Site. Monday, November 04, 2013. Always right.never wrong. Posted by Bakersfield Bubble. Subscribe to: Post Comments (Atom). View my complete profile. Enter your search terms. Central Valley Business Times. Bank of America REO's. Bubble Markets Inventory Tracking. Ca Central Coast Blog. Marin Real Estate Bubble. Modesto and Merced Bubble. Sacramento Flippers In Trouble. Santa Barbara Housing Bubble Blog. The Housing Bubble Blog. Realtors and Brokers Chat.

bakersfieldbubble.blogspot.com

Bakersfield Bubble: Real estate mogul (LOL) headquarters for sale?

http://bakersfieldbubble.blogspot.com/2007/05/real-estate-mogul-lol-headquarters-for.html

Bakersfield's Official Real Estate and Economic Site. Tuesday, May 01, 2007. Real estate mogul (LOL) headquarters for sale? Remember the damage control pieces from last year by the Bakersfield Californian. Where the reporters claimed these real estate moguls were moving into their new headquarters asap. Not so fast. Per my review of the local MLS. I came across the following:. Nothing like this in Bakersfield! Exceptionally located across from CSU. I wonder why they are selling it? It's also interesting ...

bakersfieldbubble.blogspot.com

Bakersfield Bubble: CONservative republicans get bailed out and Flying J update

http://bakersfieldbubble.blogspot.com/2008/12/conservative-get-bailed-out-and-flying.html

Bakersfield's Official Real Estate and Economic Site. Tuesday, December 30, 2008. CONservative republicans get bailed out and Flying J update. Ceberus and GMAC get bailed out. Cerberus is run by Dan Potatoe Qualye, John Snow (former Bush Treasury Sec) and about 10 other CONservative republican lobbyists.:. The action was the latest in a lengthy series of emergency government moves aimed at easing the worst credit crisis. Since the 1930s and limiting the severity of a year-long recession. On Monday, one o...