patrick.net

Housing Crash News Links

Patrick — Thu, 02 Sep 2010 01:31:51 +0000

For Case-Shiller Housing Prices, October Is The "Witching Hour" (businessinsider.com)
43.4% of Sacramento-area mortgages "underwater" (blogs.sacbee.com)
Houseowners feel stress of life 'underwater' (msnbc.msn.com)
US Housing Still In Uncertain Waters (indexuniverse.com)
A nation of renters: Houseownership not worth the cost? (articles.moneycentral.msn.com)
Renting could ease foreclosures, help housing market (thehill.com)
House Sales Drop 27 Percent In July And Things Are Only Going To Get Worse (english.pravda.ru)
Last Remaining Hopes Crushed, Homedebtors Defend House Ownership (irvinehousingblog.com)
Owners of Rumson mansion reduce price from $29.9M to $19.5M (app.com)
Housing bubble threatens to burst in six Canadian cities (sudburystar.com)
Vancouverites could lose $200,000 on average if housing bubble bursts (bivinteractive.com)
Does pricey Vancouver have a U.S.-like housing bubble? (blogs.marketwatch.com)
Housing bubble threat resurfaces in Canada (fftimes.com)
No talk of new homebuyer tax credit: Obama's housing adviser (reuters.com)
Why Obama's mortgage-relief program failed (sfweekly.com)
Drowning in debt: top 15 states for underwater mortgages (sfgate.com)
America's Biggest Jobs Program -- the U.S. Military (robertreich.org)
How Much Is Enough? America's Runaway Military Spending (hnn.us)
Market Data Firm Spots the Tracks of Bizarre Robot Traders (theatlantic.com)
Final Resting Place, In Foreclosure (voices.washingtonpost.com)

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Housing Crash News Links

Patrick — Wed, 01 Sep 2010 01:31:52 +0000

Use Caution Reading Tuesday's Case-Shiller Report (blogs.wsj.com)
Housing markets: Return of the boom? Not so fast. (economist.com)
Housing quagmire: Is it time to remove "relief"? (money.cnn.com)
Fewer interested in houseownership (signonsandiego.com)
Where's Housing Headed? (newsweek.com)
Fed sees 'quite soft' housing market (ocregister.com)
Economists See More House Price Declines Ahead (money.usnews.com)
San Diego condo gives back buyer deposits (signonsandiego.com)
The ocean view did not get $1 million better from 2001 to 2010 (doctorhousingbubble.com)
Optimistic Housing group gives four-year negative equity warning (bbc.co.uk)
Mortgage lending down amid warnings of second house price crash (telegraph.co.uk)
Bubble case-studies: Ireland and Canada (theautomaticearth.blogspot.com)
Why the "Hindenburg Omen" is Wrong (dailyfinance.com)
Wall Street Insiders Want Out, Selling $100 Million in Stock (cnbc.com)
Wall Street Early Early Bonuses Dodge Repeal Of Tax Cuts For The Richest (huffingtonpost.com)
Schaumburg man living in his driveway after eviction (dailyherald.com)

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Housing Crash News Links

Patrick — Tue, 31 Aug 2010 01:23:34 +0000

The answer to a housing recovery: LOWER PRICES (pragcap.com)
Fix the Housing Market: Let House Prices Fall (irvinehousingblog.com)
SF Bay Area Prices Keep Drifting Downward (patrick.net)
Desperate Consumers Stop Paying Mortgage to Pay Credit Cards (dailyfinance.com)
Reluctant landlords in metro Detroit rent to pay mortgages (freep.com)
Housing Market: What's Ahead? (curiouscapitalist.blogs.time.com)
Housing: The Un-American Dream (forbes.com)
Paying Off the House in 15 Years (online.wsj.com)
The Unbearable Lightness of the Bank Accounting Cover Up (dailybail.com)
Banks Recruit Investors to Oppose Honest Valuation of Assets (Mish)
To Overhaul GSEs, Divide Them into Three Parts (aei.org)
Corruption Reform: Reduce Government Housing Subsidies (nbnnews.com)
Asset Bubble Addicts Just Can't Shake the Habit (bloomberg.com)
Japanese vs American stock bubble crashes graph (dshort.com)
Rebuttal Of The "Bond Bubble" Talk (businessinsider.com)
REITs Attract Yield-Hungry Investors (businessweek.com)
Another Housing Tax Credit? (calculatedriskblog.com)
Ignore Talk of a Housing Tax Credit Revival (blogs.wsj.com)
Renters' Rights: The Basics (free book - nolo.com)
Ore. man pleads bankruptcy fraud, hiding gold (seattlepi.com)

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Patrick — Mon, 30 Aug 2010 01:24:36 +0000

Widespread Fear Freezes Housing Market (nytimes.com)
Procrastination on Foreclosures, Now Blatant, May Backfire (americanbanker.com)
One in 10 houseowners with a mortgage face foreclosure (contracostatimes.com)
Mauis foreclosure picture not pretty (mauinews.com)
Iowa: Foreclosure rate hits record level (thonline.com)
Foreclosure "Relief": Good for Banks, Lousy for Borrowers (dailyfinance.com)
Banks' Self-Dealing Super-Charged Financial Crisis (propublica.org)
Housing's new nightmare (money.cnn.com)
Why Housing Is Even Worse Than You Think (money.usnews.com)
Architectural gems languish on Calif. house market (news.yahoo.com)
CA Central Valley awash in worthless houses (centralvalleybusinesstimes.com)
More SF Area Housing Bubble Value Wiped Away (pacificariptide.com)
Two Charts: All You Need To Know About Canada's Housing Bubble (vreaa.wordpress.com)
Email From "Morally Conflicted" One Year After Walking Away (Mish)
Fed Assets Decline to $2.3 Trillion as Housing Securities Fall (bloomberg.com)
Commercial real estate failures are easier to spot than residential woes (dallasnews.com)
Housing, job market fates tied (gainesvilletimes.com)
Devalued Houses Anchor Prospective Job Seekers (npr.org)
Flipper Cash Propping Up Housing Market (npr.org)
China's Hu Jintao Asks Obama about US debt (very rude - dailybail.com)

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Patrick — Fri, 27 Aug 2010 01:20:51 +0000

Pierce the Housing Bubble! (nytimes.com)
House Prices May Drop Another 25% (theatlantic.com)
Another Record Low for Housing (economix.blogs.nytimes.com)
Burning Down the House; New House Sales Consensus 330K, Actual 276K, Record Low (Mish)
Rosenberg Explains Why Not One New House Priced Over $750,000 Sold In July (zerohedge.com)
Housing market continues to decline (csmonitor.com)
Lack of Jobs, Foreclosures May Keep U.S. Housing Depressed (bloomberg.com)
New Foreclosure Numbers Reverse MBA Survey's "Bright Spots" (cnbc.com)
Experts Say Housing No Longer Builds Wealth (irvinehousingblog.com)
An unsupportable American dream (nationalpost.com)
The Housing Bubble: The Economists Should Have Known (newgeography.com)
After Housing Bubble, the Dark Side of Houseowner Dreams (time.com)
Treasury Admits Program for Struggling Houseowners Just a Ploy to Enrich Big Banks (alternet.org)
The Fed's Monetary Insanity (atimes.com)
Great Firewall of China Blocks Posting To Patrick.net (patrick.net)
Commercial Property Owners Choose to Default (online.wsj.com)
Living For Free: No Mortgage Payment In 32 Months And Not Kicked Out Yet (dailybail.com)

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Patrick — Thu, 26 Aug 2010 01:22:46 +0000

July new house sales fall to slowest pace on record (sfgate.com)
New-House Sales Declined Sharply Last Month (nytimes.com)
Existing-House Sales Sink to Lowest Level Ever Recorded (irvinehousingblog.com)
Slightly lower prices and rates can't slow fall in house sales (finance.yahoo.com)
Why nobody wants to buy a house (marketwatch.com)
Are slow housing sales always a bad thing? Hell no! (blogs.forbes.com)
It's okay to walk away (finance.yahoo.com)
Inventory Explodes Past the Worst of the Housing Crash (housingstory.net)
House Sales: Distressing Gap between new and used (calculatedriskblog.com)
The Newest Rip-Off in Housing: Builder's resale fee, forever (market-ticker.org)
Fed's Evans Says U.S. Recovery Uncertain as Housing Not Out of the Woods (bloomberg.com)
Federal Reserve Can't Do Much More to Boost Job Growth, Economy (dailyfinance.com)
Hard-nosed Fed sends global markets reeling (telegraph.co.uk)
Why does a tiny Tel Aviv flat cost as much as a house in Florida? (haaretz.com)
Foreclosures on rise in Oregon (spotlightnews.net)
Home is where the hurt is in today's housing market (suntimes.com)
Congress got loans from Countrywide in exchange for corrupt lawmaking (washingtonpost.com)
Fannie Mae Eases Credit To Aid Mortgage Lending (From 1999 - nytimes.com)

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Housing Crash News Links

Patrick — Mon, 16 Aug 2010 01:28:20 +0000

Let house prices shrink to affordable levels! (market-ticker.org)
Las Vegas house values keep going down (lvrj.com)
Phoenix house prices down (azcentral.com)
Washington State house sales tumble (columbian.com)
Let's Use Tax Money To Subsidize Manhattan Luxury Condos! Good idea? (bloomberg.com)
US Using "Really Stupid Strategy" to Hide Bank Losses (Mish)
Government doesn't report number of houses held on bank's books (cnbc.com)
Banks to benefit most from White House effort to fight foreclosures (thehill.com)
Millions stay put, await foreclosure or help (newsok.com)
US banks seizing houses at record levels (telegraph.co.uk)
Houses lost to foreclosure up 6 pct from last year (finance.yahoo.com)
US housing market statistics (realestateconsulting.com)
Bubble Psychology and Lessons from History (theautomaticearth.blogspot.com)
Thoughts of real estate double dip deter investors (usatoday.com)
US 'Virtually Certain' to Fall Into A New Recession (cnbc.com)
Hoenig calls Fed policy 'dangerous gamble' (marketwatch.com)
Tax reform for the rich and ultra-rich (newyorker.com)
The Plutocracy Prevention Act (thenation.com)
Portable Housing, Made in Montana (nytimes.com)
Philadelphia Housing Authority chief Carl Greene facing foreclosure (philly.com)

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Patrick will be on vacation for a couple of days.

Housing Crash News Links

Patrick — Fri, 13 Aug 2010 01:25:34 +0000

Debts Rise, and Go Unpaid, as Bust Erodes House Equity (nytimes.com)
Burbank still in housing bubble after 40% decline (doctorhousingbubble.com)
Housing market racking up bad grades (chicagotribune.com)
Metro Detroit house sales fall in July (freep.com)
Housing supply on the rise in South Florida (miamiherald.com)
Florida's largest REMAX real estate company franchise ceasing operations (sun-sentinel.com)
Builders Shrink Houses to Fit Buyers' Newly Modest Tastes (rismedia.com)
With housing oversupplied, deflation is a threat (kansascity.com)
Foreclosures up 6% from last year (finance.yahoo.com)
What's the best way to default on your mortgage? (chicagonow.com)
Fed can't do much more to avoid a double dip (marketwatch.com)
Shiller sees double-dip if jobs aren't created (marketwatch.com)
US Plans More Aid for Jobless Homedebtors; NOTHING for Responsible Renters (nytimes.com)
HUD Offers Interest-Free Loans to Homedebtors; NOTHING for Responsible Renters (businessweek.com)
Housing Summit May Yield Fannie and Freddie Clues (abcnews.go.com)
Assumability: A hidden potential value to FHA loans (old but interesting) (washingtonpost.com)
U.S. Is Bankrupt and We Don't Even Know It (bloomberg.com)
Taleb Says Government Bonds to Collapse, Avoid Stocks (bloomberg.com)
Let's do a WikiLeaks on the SEC (blogs.forbes.com)
No place like demolished home (mv-voice.com)

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Housing Crash News Links

Patrick — Thu, 12 Aug 2010 03:00:39 +0000

Good news for buyers, bad new for sellers (startribune.com)
Housing Price Rise Actually A Head Fake (blogs.forbes.com)
Californians' income falls for first time since WWII (sacbee.com)
Low mortgage rates fail to move market (msnbc.msn.com)
Squatting Becoming Way of Life for Delinquent Borrowers (irvinehousingblog.com)
Short sale gridlock is 'dizzying' (mortgage.ocregister.com)
Interview with Patrick (patrick.net)
House Prices: Demographics Giveth and Taketh Away (dmarron.com)
Commercial Landlords Worry As Barnes & Noble Contemplates Alternatives (retailtrafficmag.com)
America Is 'Bankrupt Mickey Mouse Economy': CIO (cnbc.com)
Tracy, CA pair charged in $4.5 million.real estate scam (contracostatimes.com)
Scammy Wells Fargo loses debit card suit (sfgate.com)
Banking failures and swindling wealth from working and middle class Americans (mybudget360.com)
Obama administration to provide $3B in banker, oops, housing aid (finance.yahoo.com)
Inept Repairs Leave Economy Stalling (dukenews.duke.edu)
The Fed is not your friend (theautomaticearth.blogspot.com)
Fed Insiders Can Make Infinite Profits (Mish)
Reagan insider: GOP destroyed economy (Republicans, skip this one) (marketwatch.com)
Australia: Did you remember to sell the house today? (prosper.org.au)
Man Who Fought FBI Spying Freed From "National Security Letter" After 6 Years (wired.com)

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Housing Crash News Links

Patrick — Wed, 11 Aug 2010 10:33:01 +0000

Cheaper in San Mateo, CA but still not cheap enough (patrick.net)
Foreclosures increase in affluent Park Ridge and northwest suburbs (chicagonow.com)
"Buy and Bail" Houseowners Get Past Loan Restrictions (bloomberg.com)
Personal income drops 7.1 percent in Naples, Florida (miamiherald.com)
Jobless alarms fall on deaf ears of investors (marketwatch.com)
Fed to resume buying Treasury bonds with newly printed cash (latimes.com)
Top Fed Official Warns Fed Risks Repeating Past Mistakes (huffingtonpost.com)
Quantitative Easing Take II; Uncharted Territory (Mish)
The Federal Reserve's Magma Chart (economix.blogs.nytimes.com)
James Bullard and the Fed's incredible threat (csmonitor.com)
Greenspan: A Charlatan Unmasked (bullionbullscanada.com)
Fannie and Freddie's Foreclosure Barons (motherjones.com)
The peril of false bottoms (atimes.com)
Afraid of deflation? Heres what to do: avoid debt! (bankrate.com)
The Rise and Fall of the Dollar (zerohedge.com)
Realtors got talent (for corrupting our laws with lobbyists) (PDF - sabor.com)

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Housing Crash News Links

Patrick — Mon, 09 Aug 2010 01:16:47 +0000

S.F. house prices drop as distressed sales rise (Case Shiller wrong) (sfgate.com)
Maui house sales show continuing decline in median price (staradvertiser.com)
NYC delinquency rate continues upward as distressed properties list grows (therealdeal.com)
Seller Beware: New "Ideal Buyer" Scam (9news.com)
Real estate called 'poor investment' (lansner.ocregister.com)
Stranguflation: Deflation and Inflation Where it Hurts America Most (huffingtonpost.com)
Deflation it is (theautomaticearth.blogspot.com)
Underemployment 18.4% in all Age Groups (Mish)
Jobless and Staying That Way (nytimes.com)
Are Fed-Up American Workers Getting Their Gumption Back? (newsweek.com)
Calif. deal put Senate candidate Jeff Greene on front line of mortgage mess (miamiherald.com)
Contra Costa's $100,000-plus public pension club grew 25% last year (contracostatimes.com)
Battle Looms Over Huge Costs of Public Pensions (nytimes.com)
Raise My Taxes, Mr. President! (newsweek.com)
A Gift the Wealthy Don't Need (nytimes.com)
Greenspan Calls for Repeal of All the Bush Tax Cuts (nytimes.com)
Housing Policy's Third Rail: Fannie and Freddie (nytimes.com)
Fannie and Freddie Now Part of Federal Budget (PDF - cbo.gov)
But Will It Make You Happy? (nytimes.com)
Are we in control of our own decisions? (ted.com)

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Housing Crash News Links

Patrick — Fri, 06 Aug 2010 01:07:19 +0000

Morgan Stanley Sees San Francisco Housing Double-Dip, NY Gains (businessweek.com)
Million dollar California foreclosures -- 35 examples (doctorhousingbubble.com)
The Return of the $1,000 Down Mortgage (washingtonindependent.com)
"Too many houses, not enough buyers" WRONG! Prices still too high (blogs.wsj.com)
Sellers' satisfaction plummets as buyers get better prices (lansner.ocregister.com)
There's Still This Huge Housing Bubble Yet To Pop In Australia (businessinsider.com)
Fannie and Freddie to be used to harm new buyers? (blogs.reuters.com)
Could the government create a backdoor bailout? (marketwatch.com)
Bailout of Housing = Bailout of Banks (Charles Hugh Smith)
Housing limbo: Owners won't pay, banks won't evict (kansascity.com)
Housing ATM Empty: HELOC Abuse Hits Record Low (irvinehousingblog.com)
Foreclosure Fee Feast (sandiegoreader.com)
The rich and the rest of us (salon.com)
Richest 400 (avg $340M income each) pay only 17% tax; middle class pays more (huffingtonpost.com)
Estate tax bills take aim at growing 'aristocracy of wealth' (news.yahoo.com)
Debt Cemetery (bullionbullscanada.com)
Senate reform: Lazing on a Senate afternoon (economist.com)
Freshman Dems Push To End The Filibuster, Face Dem Opposition (talkingpointsmemo.com)
Credit history fraud: 2 charged in first-of-its-kind case (washingtonpost.com)
Fighting parents' eviction, student wins rounds against Deutsche Bank (latimes.com)

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Housing Crash News Links

Patrick — Fri, 30 Jul 2010 01:06:25 +0000

Foreclosures up in 75 pct of top U.S. metro areas (reuters.com)
Foreclosure activity up across most US metro areas (google.com)
Housing Bubble will Not be Reblown; Foreclosures Increase in most Metro Areas (Mish)
Honolulu foreclosures jump 70% (staradvertiser.com)
Three short sales on West Side of LA (doctorhousingbubble.com)
The Threat of Sidelined House Sellers (blogs.wsj.com)
6 Reasons the Housing Market Hasn't Recovered (realestate.yahoo.com)
RealtyTrac Sees "Slim Chance" of Housing Market Recovery (bloomberg.com)
U.S. housing not recovering (breakingviews.com)
Many cities awaiting a housing recovery (msnbc.msn.com)
Can Cities Make Wall Street Pay? (huffingtonpost.com)
All Signs Point to Lower House Prices (irvinehousingblog.com)
Drip after drip of deflation data (blogs.telegraph.co.uk)
Deflation Revisited The Studio Version (theautomaticearth.blogspot.com)
Fed Member's Deflation Warning Hints at Policy Shift (nytimes.com)
With Squeeze on Credit, Microlending Blossoms in US (nytimes.com)
Demographic Doo-doo (pimco.com)
More Builder Evidence of Tax Credit Goose, Post-Credit Bust (calculatedriskblog.com)
In American politics, stupidity is the name of the game (washingtonpost.com)
King-sized foreclosure to hit auction block (detnews.com)

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Housing Crash News Links

Patrick — Thu, 29 Jul 2010 01:06:38 +0000

Phoenix Housing Market Will Get Worse (myfoxphoenix.com)
New House Sales and Bear Market Math (Mish)
Aftermath of Global Housing Bubble Chokes World Banking System (housingstory.net)
Will doomsday scenario hit English house prices? (thisismoney.co.uk)
Germans and Inflation (miller-mccune.com)
What About the Recalculation Into Housing? (wallstreetpit.com)
The Great Decoupling of Corporate Profits from Jobs (robertreich.org)
The job machine grinds to a halt (washingtonpost.com)
The Unemployed, Organized Online, Look to the Midterms (washingtonindependent.com)
Bay Area jobless tap 401k plans (contracostatimes.com)
US Equity Loans Revealing (bullionbullscanada.com)
Citibank branch files to block eviction (therealdeal.com)
Fannie Mae and Freddie Mac Reform Conference Set (May they die!) (housingpredictor.com)
How to end the filibuster with 51 votes (voices.washingtonpost.com)
What I've learned from the market bubbles (marketwatch.com)
Anchoring Effect And Prices (youarenotsosmart.com)
Banks Defrauding Invesors, Auditors, Regulators, Also Help Delinquent Mortgagees (zerohedge.com)
Living Off the Grid: Free Yourself (off-grid.net)

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Patrick — Wed, 28 Jul 2010 01:06:27 +0000

Are Bay Area House Prices Really Up 18 Percent? (bayarearealestatetrends.com)
Housing markets: Up again? (economist.com)
Consumer Confidence Sinks to 50.4, a 5-Month Low (Mish)
What is this San Jose house really worth? (patrick.net)
Nevada's Economic Misery May Be America's Future (huffingtonpost.com)
Real estate bubble in Texas much smaller than elsewhere (blogs.marketwatch.com)
Tampa FL area has 9-year building site inventory (tbo.com)
US house ownership reaches 10-year low (smh.com.au)
A decade of declining house prices (informationclearinghouse.info)
Still Speculating In Australian Housing: More Punch, Mate! (blogs.forbes.com)
Banks cherry picking individual foreclosures that show up on the MLS (doctorhousingbubble.com)
Banks Withholding Highend Repossessions Over $300,000 From Market (realestatechannel.com)
Here's house of pricey Vernon pensioner (huntingtonhomes.ocregister.com)
Who wrecked the American economy? (irishcentral.com)
Time to wind down Fannie Mae and Freddie Mac (dallasnews.com)
Filibuster Reform Momentum Builds: Senate faces threat of democracy! (huffingtonpost.com)

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Patrick — Tue, 27 Jul 2010 01:07:00 +0000

Rhode Island housing market set for double-dip (wpri.com)
Housing Market Double Dip is Beginning (housingwire.com)
Don't hold your breath for a bounce in house prices (google.com)
US Housing Good News Just Propaganda (bullionbullscanada.com)
US housing 24pc monthly rise makes sales merely "abysmal" (telegraph.co.uk)
Housing sales jumped in June, but does it really matter? (marketplace.publicradio.org)
Why the housing market hasn't recovered yet (helium.com)
Financial Innovation and Government Subsidies Diminish House Ownership (irvinehousingblog.com)
Rent may no longer be a four letter word (sfgate.com)
Extend and Pretend: The Russian doll version (theautomaticearth.blogspot.com)
Deflation concerns: U.S. may face deflation, a problem Japan understands too well (latimes.com)
New Zealand Reserve Bank should target the housing bubble (nzherald.co.nz)
'Systemic risk' is new buzz word as officials try to CREATE another bubble (washingtonpost.com)
Dumpy house in Palo Alto foreclosed (patrick.net)
Not easy to claim abandoned house next door (bankrate.com)

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Patrick — Mon, 26 Jul 2010 01:06:22 +0000

The Government's Role in the Housing Bubble (theatlantic.com)
South FL foreclosure buyers beat by professional investors (miamiherald.com)
Shadow Inventory Builds As Lenders Shift to Short Sales (irvinehousingblog.com)
40,283 of our SF Bay Area neighbors are in mortgage limbo (contracostatimes.com)
SF Bay Area housing data sunny but outlook foggy (snl.com)
Using personal bankruptcy to prevent foreclosure (money.cnn.com)
People become slaves to their houses (nytimes.com)
Bell, California Emails Gone Viral; Citizens Protest $800K Salaries (Mish)
Bell council used little-noticed ballot measure to skirt state salary limits (latimes.com)
Those sweet Bell retirements may cost you too (latimes.com)
Cities seek property tax by giving away land (nytimes.com)
How US following path of Japan. Real estate lost decade. (doctorhousingbubble.com)
U.S. middle class being wiped out by globalization as wealthy benefit (finance.yahoo.com)
Geithner pushes plan to let tax cuts for wealthy expire (cnn.com)
U.S. Mortgage Brokers Get Criminal Check, Tests Under New Rules (bloomberg.com)
Agencies refuse to rate mortgage-backed bonds bc of new legal liability (democraticunderground.com)
Warren's a Candidate for Bank Regulation Job She Devised (nytimes.com)
Elizabeth Warren video from March 08, 2007 (tpmcafe.talkingpointsmemo.com)

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Housing Crash News Links

Patrick — Fri, 23 Jul 2010 01:06:24 +0000

Stop Subsidizing Housing Industry with Tax Deductions (blogs.wsj.com)
Fannie Mae and Freddie Mac: Unfinished business (economist.com)
Federal Reserve printed $1T in cash to buy worthless mortgages. Now what? (nytimes.com)
The Housing Bust Did Not Deflate The Mortgage Bubble (irvinehousingblog.com)
U.S. entering deflation trap, to print more money (news.yahoo.com)
August Fed Policy Statement Leaked! (timiacono.com)
Boomers retire, and California trembles (firsttuesdayjournal.com)
Existing House Sales decline in June (calculatedriskblog.com)
Housing Sales Slump After Tax Credit Expires (npr.org)
No Wonder House Sales Are Plummeting: Look Who Was Buying (Charles Hugh Smith)
Seller, reduce: 5 signs you need to cut your asking price (sfgate.com)
For Bakersfield Builder, Rentals Are "Cutting-Edge" Solution (blogs.wsj.com)
Rent appreciation is pretty much non-existent (centralvalleybusinesstimes.com)
Unemployment claims increase (ows.doleta.gov)
Index of U.S. Leading Economic Indicators Fell 0.2% (bloomberg.com)
14 Charts That Show China's Dangerous Housing Bubble Is Far From Over (businessinsider.com)
Commercial real estate: Offices at the top are going empty (latimes.com)
Watch out, great $50bn commercial property unload about to begin (telegraph.co.uk)
Americans' economic insecurity at 25-year high (marketwatch.com)
Gold Makes Dead Portuguese Dictator Top Investor Without Gains (bloomberg.com)

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Housing Crash News Links

Patrick — Thu, 22 Jul 2010 01:06:25 +0000

Banks Can't Hold Back Highend Mortgage Foreclosures For Long (businessinsider.com)
WSJ: Housing Market Stumbles (calculatedriskblog.com)
Gov't watchdogs: mortgage program is not working (finance.yahoo.com)
Helping houseowners or the banks? (guardian.co.uk)
Banker Bailout exceeds entire US Federal Budget (reuters.com)
Next after Obama signing of financial reform bill: Fannie Mae, Freddie Mac (csmonitor.com)
Weakening Demand, Increasing Supply Cause Widespread Asking Price Reductions (irvinehousingblog.com)
Rentals: The Future of Real Estate in CA? (firsttuesdayjournal.com)
Miami Beach buyers turn to all-cash deals (therealdeal.com)
Sharks Are Back, Working Inside Deals With Banks (newsjunkiepost.com)
U.S. Housing Starts Drop to Lowest Level Since October (bloomberg.com)
China House Sales Plunge 44% in Xiamen; Bubble Busts in Tianjin (Mish)
Sydney house price falls a 'near certainty' (smh.com.au)
Two jobs, two salaries, for San Juan city manager (taxdollars.ocregister.com)
California Official's $800,000 Salary in City of 38,000 Triggers Protests (bloomberg.com)
Bell city government: The bleeding Bell blues (latimes.com)

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Housing Crash News Links

Patrick — Wed, 21 Jul 2010 01:07:22 +0000

We Can't Afford To Subsidize Real Estate (article.nationalreview.com)
Real Estate Market is Already in Depression (finance.yahoo.com)
Dramatic price reductions for house in Guerneville, CA (patrick.net)
House prices drop again in San Joaquin County (contracostatimes.com)
Prime Loan Delinquencies Increase for 37th Straight Month (irvinehousingblog.com)
America's new debtor prison: Jail time for those who owe (walletpop.com)
FHA only starting to tighten loan standards (doctorhousingbubble.com)
Countrywide VIP Loan Program Gave Fannie Mae Employees 'Sweetheart Deals' (huffingtonpost.com)
Double dip looks doubly certain (marketwatch.com)
The economy: Weakening recovery brings deja vu (latimes.com)
Charts Show Analysts Historically Overestimate Corporate Earnings by 100% (Mish)
Goldman Sachs and AIG Settle Fraud Suits (bullionbullscanada.com)
How the rich are winning (marketwatch.com)
Bush Tax Cuts For The Very Rich: To Extend or Not to Extend? (newsweek.com)
Cities in US ranked by education (brookings.edu)
A City Outsources Everything. Sky Doesn't Fall. (nytimes.com)
US Credit Rating Is Busted In Land of Bubbles (thejakartaglobe.com)

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Patrick — Tue, 20 Jul 2010 01:02:02 +0000

More million-dollar-plus houses in Dallas area in foreclosure (dallasnews.com)
Millionaire foreclosures on Nantucket (money.cnn.com)
Real Estate Doldrums on Gulf Coast Beaches (nytimes.com)
House Builders See Demand Further Weaken (theatlantic.com)
Homebuilders losing confidence in the recovery (news.yahoo.com)
Has Uncle Sam Finally Grown a Spine? (tycoonreport.tycoonresearch.com)
The Rise and Fall of Global Trade (theautomaticearth.blogspot.com)
For first time, banks, mutual funds buying more Treasuries than Wall Street (bloomberg.com)
The Real Reason Geithner Is Afraid of Elizabeth Warren (huffingtonpost.com)
Frustration with banks reaching boiling point (pressdemocrat.com)
John Paulson, central to Goldman deal, buys Aspen house (coloradoindependent.com)
Destitute in Dubai: One man's story (bbc.co.uk)
Fighting Back Against Realtor Signs (patrick.net)
Stimulus 5.0, due back with interest (dailybail.com)

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Patrick — Mon, 19 Jul 2010 01:02:02 +0000

10,300 jobs gone from SF Bay Area in June (contracostatimes.com)
Biggest Mountain View, CA property assessment drop since Great Depression (mv-voice.com)
Biggest SoCal rent decline since 1940 (lansner.ocregister.com)
Office occupancy rates, rents drop in Southern California again (latimes.com)
Cost of Living Sucks; Everyone Leaving California (nbcbayarea.com)
Foreclosures drag down DC housing market (washingtonexaminer.com)
Strategic mortgage defaults: The price we pay for housing folly (articles.latimes.com)
1,000,000 Foreclosures in 2010 and Three More Years of Pain (irvinehousingblog.com)
Condos and lenders shun property receivers (therealdeal.com)
Housing Bubble Leaves $4 Trillion Hangover (bloomberg.com)
Housing, Leading Index in U.S. Probably Slumped in Sign Recovery Slowing (bloomberg.com)
Spanish property: 'There's a lot of over-priced rubbish out there' (guardian.co.uk)
China - The Mother of all bubbles (realestatebuzz.com.au)
Is the U.S. Following in Japan's Deflationary Footsteps? (buygoldandsilversafely.com)
Skating closer to happy deflation (latimes.com)
Time for a Dollar Bounce (Mish)
Goldman's fine for mortgage fraud: only 10.2 days of loot (dealbook.blogs.nytimes.com)
Goldman paying only 3% of their bonus pool as fine (theautomaticearth.blogspot.com)
Americans Blame Bush, Not Obama, for Deficit, Jobs, Afghan War (says bloomberg.com, not some leftie!)
Who is sinking the boat? (dvorak.org)

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Patrick — Fri, 16 Jul 2010 01:07:06 +0000

The $4 Trillion Dollar Question (ritholtz.com)
Corruption in US: Campaign contributions from mortgage industry shaped government policies (voxeu.org)
Housing Basics: Massive Supply, Faltering Demand (Charles Hugh Smith)
SF Bay Area's Contra Costa prices still heading south (sfgate.com)
Rate fears, mortgage rules take bite out of Canadian property sales (torontosun.com)
China Has Been Covertly Funding A Housing Bubble 5 Times Larger Than US's (zerohedge.com)
Foreclosures hit record: U.S. foreclosures jump in second quarter to record high (latimes.com)
Houses lost to foreclosure on track for 1M in 2010 (google.com)
Foreclosures could hit 1 million (omaha.com)
U.S. House Seizures Rise 38% to Record as Banks Process Backlog (bloomberg.com)
Growth Slowing, Deflation Is Emerging Risk (blogs.wsj.com)
Fed Leaders Show Division Over Deflation (nytimes.com)
Treasury Bull Market Still Alive (Mish)
Jitters have investment fund for U Texas buying gold (chron.com)
Montana Man Forgets to Sign Documents Before Stealing Bank-Owned Property (irvinehousingblog.com)

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Patrick — Thu, 15 Jul 2010 01:06:39 +0000

House Sellers Slashing Prices, While Banks Mow the Lawn (finance.yahoo.com)
U.S. Housing Market Sees Price Cuts, Rising Inventory (time.com)
In South Florida, pace of repossession jumps 83 percent (miamiherald.com)
N. Carolina foreclosure rate has nearly doubled in past year (starnewsonline.com)
Foreclosure crisis phase 2: the negative equity dilemma (walb.com)
Over-Leveraged Pretenders Quit Paying; Lenders Allow Them to Squat (irvinehousingblog.com)
Housebuyers Need Patience, Patience, Patience (npr.org)
House Buying Applications Sink to 13 Year Low (nytimes.com)
House Ownership To Drastically Decrease In America (youtube.com)
Has Mortgage Electronic Registration System (MERS) Ripped You Off? (blog.hsh.com)
CA court says MERS cannot transfer note for lack of ownership (foreclosuredefensenationwide.com)
FICO Credit Scores Collapse - 25% of Americans Sink Below 600 (Mish)
Is it time to storm the Bastille again? (theautomaticearth.blogspot.com)
Bank Tax, We Hardly Knew Ye (miller-mccune.com)
Secret gold swap has spooked the market (telegraph.co.uk)
Federal Budget Simulator - Play along! (crfb.org)
Life in corporate America - Smile or Die (youtube.com)
Jury convicts man who says 'Yahweh' sold him foreclosed house (nydailynews.com)
Make money while destroying the economy (dilbert.com)

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Patrick — Wed, 14 Jul 2010 01:07:00 +0000

Foreclosed houses providing big price breaks in Wisconsin (host.madison.com)
Mortgage aid calls crash Michigan system; 17,000 to qualify (freep.com)
California foreclosure filings increase (centralvalleybusinesstimes.com)
History Says Foreclosure Numbers Will Remain Elevated (nuwireinvestor.com)
House sales for 1/4 of zestimate on zillow? (patrick.net)
Miami's Downtown Comes Alive as Condos Fill With Young Renters (businessweek.com)
Florida property insurance rate hikes coming (orlandosentinel.com)
Are we "Trending Towards Deflation" or in It? (Mish)
The Rising Probability of Deflation (aei.org)
Is the U.S. Following in Japan's Deflationary Footsteps? (buygoldandsilversafely.com)
Shorting Gold (themarketfinancial.com)
FDIC sues former executives at IndyMac's housebuilding loan division (latimesblogs.latimes.com)
HUD May Deny More Filed FHA Claims (housingwire.com)
Troubled Relationships: House-Loan Buyers and Houseowners (online.wsj.com)
Housing Gets Sick on Keynesian Roller Coaster (bloomberg.com)

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Patrick — Tue, 13 Jul 2010 01:07:18 +0000

Property values continue to fall across Contra Costa County (contracostatimes.com)
How to Lose $1,100,000 in Irvine Real Estate (irvinehousingblog.com)
Beverly Hills down 31% from year ago (doctorhousingbubble.com)
Politicians became addicted to real estate market (newgeography.com)
House Sale Boost Fizzled Out in June (voiceofsandiego.org)
Distributions of prices and rents (patrick.net)
My short sale success story (therealdeal.com)
The Role of Appraisal Inflation in Loan Securitization (rismedia.com)
China Land Prices Drop 9% (capitalvue.com)
Chinese Government Expects Price Correction In Real Estate Market (nuwireinvestor.com)
America Builds an Aristocracy (nytimes.com)
Investment Fund Suing Banks Over Subprime Losses (nytimes.com)
The Real Black Helicopter Gang: The IMF Coming for Your Social Security (opednews.com)
Learn to love our massive deficit (finance.yahoo.com)
Inside the Dire Financial State of the States (time.com)
National Assn of Realtors Corrupts Our Laws With Lobbyists (opensecrets.org)
Why the coasts are blue (clearonmoney.com)

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How expensive is earthquake insurance ?

Housing Crash News Links

Patrick — Mon, 12 Jul 2010 01:07:28 +0000

Democracy dead, killed by corporate lobbyists (contracostatimes.com)
Sacramento new-house sales post lowest quarter yet (blogs.sacbee.com)
Seattle island mansion finally sells at $28 million markdown (seattletimes.nwsource.com)
South Florida borrower delinquency still increasing (blogs.trb.com)
Residential prices in NY area still CLOSER TO TOP than bottom (itsjustatrade.blogspot.com)
Jobs better fix than gimmicks to prop up house prices above market values (mortgagecalculator.org)
The U.S. Mall-Vacancy Nightmare (bullionbullscanada.com)
Wells Fargo to Lay Off 3,800, End Non-Prime Lending (housingwire.com)
Depressing Unemployment Numbers Forecast Long, Slow "Recovery" (newsweek.com)
Foreclosure double standard: Why the rich get away with defaulting (csmonitor.com)
Defaulting and squatting benefits debtors (msnbc.msn.com)
Thinking About Accelerated Default? Average Squatting Time Up to 449 Days (irvinehousingblog.com)
Credit card debt its worse than it looks (finance.yahoo.com)
Debt collectors sock it to consumers (money.cnn.com)
Crisis Awaits World's Banks as Trillions Come Due (nytimes.com)
Trending Toward Deflation (krugman.blogs.nytimes.com)
The Con of the Decade: Bailing out the rich with taxpayer money (Charles Hugh Smith)
CNBC Guest Asserts Gov't Stock Market Manipulation (zerohedge.com)
The Ecology of Foreclosures (blogs.nytimes.com)
California Weeds - They are all over the place (patrick.net)

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Housing Crash News Links

Patrick — Fri, 09 Jul 2010 01:07:24 +0000

Biggest Defaulters on Mortgages Are the Rich (nytimes.com)
MA Buyers paid $39,000 extra in price to get $8,000 tax credit (bostonherald.com)
Subsidized mortgage lending: A government sanctioned Ponzi scheme (cisionwire.com)
Pending Houses Sales Crash in a Record Fall as Tax Break Expires (housingstory.net)
Las Vegas prices fall, benefitting buyers (lasvegassun.com)
South Florida house sales: 45 percent of May sales are for a loss (sun-sentinel.com)
Metro Vancouver new-house prices slow down in May (vancouversun.com)
Korean property bubble unstable (koreatimes.co.kr)
Mortgage rates drop to new low of 4.57%, increasing danger for buyers (finance.yahoo.com)
House prices will fall in 2011 (telegraph.co.uk)
Consumer borrowing down sharply in May (news.yahoo.com)
Joblessness and housing add risks to U.S. recovery (news.yahoo.com)
Sovereign Debt: The Death of Nations (zerohedge.com)
How Large is the Outstanding Value of Sovereign Bonds? (calculatedriskblog.com)
West looks for austerity lessons down under (businessspectator.com.au)
Waking Up to the Economic Depression (housingpredictor.com)
America plunges into Depression for real (thefirstpost.co.uk)
The highest rents are advertised on Sundays (patrick.net)

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Patrick — Thu, 08 Jul 2010 01:07:05 +0000

Housing Double Dip Appears To Be Underway (forbes.com)
San Diego Explained: The Housing Bubble (voiceofsandiego.org)
Price plunges on Sandra Bullock's former house (ocregister.com)
In a tough spot - so what's the answer? (patrick.net)
Illinois Stops Paying Bills, but Can't Stop Digging Hole (nytimes.com)
Detroit's Do-It-Yourselfers Provide City Services (online.wsj.com)
Office Vacancy Rate in U.S. Climbs to 17-Year High as Jobs Recovery Slows (bloomberg.com)
$3.5T in commercial real estate debt and $10.3T in residential real estate debt (doctorhousingbubble.com)
V-shaped recovery, where art thou? (csmonitor.com)
Housing Market Weighs on the Struggling Economy (pbs.org)
The economy as confidence game (washingtonpost.com)
Why you're not making more money than a decade ago (marketwatch.com)
The Craigslist Jobs Indicator (Mish)
FHFA Proposes Rule Clarifying Fannie Mae, Freddie Mac Conservatorships (housingwire.com)
Is Now a Good Time to Buy a House? (Charles Hugh Smith)

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Patrick — Wed, 07 Jul 2010 01:08:10 +0000

House prices could fall another 50% (finance.yahoo.com)
Vancouver House Sales Drop 30 Percent, Calgary 42 Percent (Mish)
Bulk Condo Sales Clear Supply -- at a Cost - (online.wsj.com)
Low mortgage rates won't make up for tax credit (sfgate.com)
House Sale Blues: Foreclosures Up, Recovery Stalled (styleweekly.com)
New Loan Delinquencies on the Rise Again (cnbc.com)
Default debt lingers for refinanced mortgages (sfgate.com)
Foreclosure means tenant lives rent free for years! (hoocoodanode.org)
Housing price and rent graphs (patrick.net)
The Games Realtors Play With "Original Price" and Days On Market (rocktrueblood.blogspot.com)
Mood Swings and Lebensraum (theautomaticearth.blogspot.com)
Investors buying foreclosures in Phoenix (calculatedriskblog.com)
Investors Fear Rising Risk of US Regional Defaults (cnbc.com)
Economist Rogoff Gloomy on China Property (nytimes.com)
Wall Street donors annoyed at Democrats (washingtonpost.com)
Utility Consumer Advocates (turn.org)

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Patrick — Tue, 06 Jul 2010 01:07:18 +0000

House prices to turn down again; stock market to stall (msn.com)
Cities in Broward County consider tax increases and service cuts as property values plunge (sun-sentinel.com)
Mansion Foreclosures Surge (blogs.wsj.com)
Gov't owns nearly half of all foreclosed houses (csmonitor.com)
Mortgage rates scream buy, but who is listening? (news.yahoo.com)
Mortgage Rates Scream DO NOT BUY (patrick.net)
Record-low mortgage rates -- who cares? (marketwatch.com)
U.S. housing market remains fragile despite low mortgage rates (washingtonpost.com)
Americans ramp up bankruptcy filings in 2010 (money.cnn.com)
California bankruptcies soar despite overhaul (sfgate.com)
Houseownership - A Milestone, Or A Millstone Around Your Neck? (blog.youwalkaway.com)
When Smaller Houses Were Better (opinionator.blogs.nytimes.com)
Slouching Toward a Double Dip or a Lousy Recovery at Best (robertreich.org)
Jobless rate falls as many quit looking (sfgate.com)
The Deceptions of Price Stabilization (patrick.net)
Dollar-Denominated Debt Deflation (theautomaticearth.blogspot.com)
A Market Forecast That Says "Take Cover" (nytimes.com)
With the US trapped in depression, this really is starting to feel like 1932 (telegraph.co.uk)
Crises of Capitalism (youtube.com)
Hey, Sometimes Government Works (tnr.com)

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Patrick — Fri, 02 Jul 2010 01:07:05 +0000

Pending house sales plunge 30% in May (marketwatch.com)
Stocks extend slide after pending house sales drop (sfgate.com)
Weak Housing Data Signal That Economy Is Losing Steam (nytimes.com)
Real Estate Will Lead Economy into Depression (finance.yahoo.com)
Case-Shiller Foreshadows A Crash In New York Real Estate AND Consumer Spending (businessinsider.com)
Mortgage Rates on 30-Year U.S. Loans Fall to Record Low (bloomberg.com)
How Long Does it take for the Average Chinese Worker to Buy a House? (Mish)
Lobby forces at work behind housing bubble (patrick.net)
The End of the Age of Credit (theautomaticearth.blogspot.com)
Dollar, Euro Share of Global Reserves Declined in First Quarter (bloomberg.com)
Fed Made Taxpayers Unwitting Junk-Bond Buyers (bloomberg.com)
The Failure of Financial Reform, Itemized (huffingtonpost.com)
Broward cops and FBI agent part of mortgage fraud ring (miamiherald.com)
Florida condos get new tool for collecting fees (miamiherald.com)
Loan Giants Threaten Energy-Efficiency Programs (nytimes.com)
Drink. Trade. Refill. Lose $10 Million. (nytimes.com)

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Patrick — Thu, 01 Jul 2010 01:07:13 +0000

Not So Neighborly Associations Foreclosing On Houses (npr.org)
Foreclosed Houses Sell at 27% Discount as Supply Grows (bloomberg.com)
Foreclosure sales cheap for a reason (news-press.com)
Surge in sales mostly due to foreclosures (centralvalleybusinesstimes.com)
Recession cut into employment for half of working adults (washingtonpost.com)
Recession hits half of workforce (economy.ocregister.com)
With federal stimulus funds running out, economic fears grow (latimes.com)
Scrap dollar as sole reserve currency: UN report (reuters.com)
The $5 trillion rollover (blogs.reuters.com)
ECB Shuts off Liquidity, Spanish Banks Scream Murder; Spain and Greece Will Both Default (Mish)
How the Great Recession Has Changed Life in America (pewsocialtrends.org)
Congress to extend buyer-bait deadline. Banks need to trap more debtors! (cnn.com)
Goldman Finally Admits Firm Made 'Secret Bets' Against U.S. Housing Market (dailybail.com)
In U.S. Bailout of A.I.G., Forgiveness for Big Banks (nytimes.com)
U.S. banks' role in Mexican drug trade (sfgate.com)
Vancouver, Canada - Housing Bubble North of the Border? (fundmymutualfund.com)
Australian houseowners 'living on rice' to pay mortgage (abc.net.au)
2 Russian spy suspects have real estate ties (ztnewstoday.com)
U.S. Treasury Online Hotline Form (treas.gov)
One way to fill in the above form (scroll down for answers) (patrick.net)

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Patrick — Wed, 30 Jun 2010 01:07:24 +0000

Case Shiller House Prices Cities April 2010 (calculatedriskimages.blogspot.com)
How Far Underwater Do Borrowers Sink Before Walking Away? (blogs.wsj.com)
California Cities Shutting Police Forces to Close Budget Gaps (bloomberg.com)
"Probably 2 to 3 times as much inventory as what Realtors are saying on MLS" (miamiherald.com)
U.S. double-dip recession is officially coming (business.financialpost.com)
Double dip or did the great recession really never end? (finance.yahoo.com)
The Price We Pay For Budgetary Murder (Mish)
Time to shut down the US Federal Reserve? (blogs.telegraph.co.uk)
US growth estimate revised down to 2.7% (news.bbc.co.uk)
Consumer Confidence Index Drops Sharply (conference-board.org)
Top financial adviser since 1980 mostly in cash (marketwatch.com)
Stock market volatility reflects a weak economy (mybudget360.com)
Vancouver becoming tourist destination for house-hunting Chinese (financialpost.com)
Norway Housing Bubble Risks Grow as Euro Region Crisis Delays Rate Rise (bloomberg.com)
In Ireland, a Picture of the Cost of Austerity (nytimes.com)
Protesters clash with Greek police over proposed reforms (usatoday.com)
How Poland became only EU nation to avoid recession (cnn.com)
2 Russian spy suspects have real estate ties (inman.com)

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Patrick — Tue, 29 Jun 2010 01:07:38 +0000

House Prices Could Drop 50% As The Great Recession Resumes (blogs.forbes.com)
Will luxury Florida real estate ever rise again? (csmonitor.com)
800,000 CA mortgages 30+ days late or in foreclosure. Only 132,000 show up in MLS (doctorhousingbubble.com)
14 Scary Facts About The The US Real Estate Nightmare (businessinsider.com)
Vancouver's Real Estate Bubble Trouble (businessweek.com)
The mortgage market is rigged against borrowers (finance.yahoo.com)
Unemployed dumping car leases (economy.ocregister.com)
Rising Government Debt is a Ponzi Scheme (Mish)
But Krugman says we need to borrow more (nytimes.com)
Ignore the Wall Streeters moaning about how unfair the new regulatory bill is (slate.com)
RBS tells clients to prepare for 'monster' money-printing by Federal Reserve (telegraph.co.uk)
A quiet crisis whispers of impending poverty (theautomaticearth.blogspot.com)
Investments That Crank Out Cash (online.wsj.com)
Patrick.net search now works for all US addresses (patrick.net)

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Patrick — Tue, 22 Jun 2010 01:07:18 +0000

Patrick is on vacation. Back sometime this week.

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Patrick — Mon, 21 Jun 2010 01:07:04 +0000

Key Property Charts to Make Sense of This Week's Housing (housingstory.net)
SoCal rents down 1% in May (lansner.ocregister.com)
Why It's Different This Time for Housing (online.barrons.com)
Fed Emerging Intact From Challenge to Its Unconstitutional Monoply on Money (online.wsj.com)
Hyperinflation could happen suddenly (marketwatch.com)
Greenspan Says U.S. May Soon Reach Borrowing Limit (bloomberg.com)
Fannie and Freddie tab is $146B and rising (stltoday.com)
Cost of Fannie Mae and Freddie Mac Keeps Rising (nytimes.com)
Canada's economy is suddenly the envy of the world (sfgate.com)
Wachovia and Mexican Drug Money Laundering (justice.gov)
Credit Unions Beckon With Open Arms (nytimes.com)
Peddling Relief, Firms Put Debtors in Deeper Hole (nytimes.com)
Time to Dismantle the American Dream? (newgeography.com)
The Inflatable Loan Pool (nytimes.com)
On Financial Reform, Congress Defends the Big Guys, Not You (nytimes.com)
Florida real estate crash: large road to nowhere (youtube.com)

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Patrick — Fri, 18 Jun 2010 01:07:19 +0000

Seattle Housing Prices: How Low Can We Go? (publicola.net)
Demanding Buyers "Hinder" the Housing Market (nytimes.com)
Current Market Conditions: Its Wild and Weird On the Top (housingstory.net)
Multi-Million-Dollar Mansion Markdowns (huffingtonpost.com)
Two prominent SF Bay Area office buildings have flopped into default (contracostatimes.com)
Three reasons why you should be happy about renting in California (doctorhousingbubble.com)
Banking charge-offs at record levels (financemymoney.com)
Analysts believe loan mod redefaults could hit 70% (snl.com)
Challenges to Foreclosure Docs Reach a Fever Pitch (americanbanker.com)
We are legally forced to use incompetent credit rating agencies (chicagotribune.com)
Elliot Wave predicts triple-digit Dow (marketwatch.com)
Jobless Claims in U.S. Unexpectedly (again) Rose Last Week (bloomberg.com)
Debt Default: It Can Happen Here Capital Gains and Games (capitalgainsandgames.com)
Consumer price index 'inflation report' shows deflation (csmonitor.com)
FBI targets 485 mortgage frauds, but not Federal Reserve (money.cnn.com)
FBI: Mortgage fraud increasing as housing market remains distressed (centralvalleybusinesstimes.com)
91 Banks Miss May TARP Payment; New "Merle Hazard" Song - "Legal Tender" (Mish)
Translation of Fed-speak into English (patrick.net)
Do we need a new consitutional convention? (huffingtonpost.com)
Strategic default as explained by rapper Chamillionaire (legalblogwatch.typepad.com)

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Patrick — Thu, 17 Jun 2010 01:07:17 +0000

Fannie and Freddie money pit may suck down $1 trillion of taxpayer cash (finance.yahoo.com)
Fannie and Freddie: Hopelessly unproductive works (theautomaticearth.blogspot.com)
FBI busts billion-dollar fraud; Federal Reserve's multi-TRILLION dollar fraud still ignored (cnn.com)
Fed Ponders What To Do If Re-Inflation Fails (Mish)
Housing bubble in Australia? Not if you ask their Central Bank (perthnow.com.au)
Czech National Bank more honest; says prices rose too high and should fall (radio.cz)
Currency Fall Curbs Europe's Taste for New York Property (online.wsj.com)
Chinese debt binge is fuelling a dangerous property bubble (smh.com.au)
Senate OKs new buyer-bait closing deadline (inman.com)
Welcome to the post-buyer-bait housing malaise (marketwatch.com)
Bankers Let Empty Houses Rot. How Do We Fix This? (721.seiu.org)
Will HOA Lawsuits Compel Lenders to Foreclose on Shadow Inventory? (irvinehousingblog.com)
The "5 second" listing scam to get short sale permission (calculatedriskblog.com)
The Next Housing Crisis (truthiscontagious.com)
Long road ahead for housing "recovery" (chicagotribune.com)
Some Are Born on Third Base But Think They Hit A Triple (hussman.net)
Gear up for another lost decade in real estate (mybudget360.com)
The cheapskate's revenge (salon.com)

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Patrick — Wed, 16 Jun 2010 01:07:23 +0000

Radical Ideas From a Federal Housing Bureaucrat (blogs.wsj.com)
Arizona immigration law may increase Phoenix foreclosures (azcentral.com)
What We Know and Don't Want to Know About Housing (Charles Hugh Smith)
Builders in U.S. Lost Confidence After Buyer-Bait Credit Ended (bloomberg.com)
Banks stop foreclosing, letting squatters live free (centralvalleybusinesstimes.com)
Foreclose or let houseowner squat? (patrick.net)
Is Squatting a Viable Long-Term Solution to Stabilize the Housing Market? (irvinehousingblog.com)
Stephen Roach says China's Housing Boom is Not a Bubble; I say "Nonsense" (Mish)
In Desperately Poor Rwanda, Most Have Health Insurance (nytimes.com)
Deficits, Social Security and Medicare, and national security (latimes.com)
Toxic partisan politics is killing capitalism, democracy, your retirement (marketwatch.com)
Financial Reform Bill - Audit the Fed! (bullnotbull.com)
The Coming Financial Derivative Meltdown (fool.com)
Fannie Mae Proposes Bulldozing U.S. Houses (bullionbullscanada.com)
Government-sponsored mortgage debt leads to murder-suicide (ocregister.com)
Pacoima residents want city to fight blight (latimes.com)
Murrieta volunteer "retires" from cleaning yards of abandoned houses (pe.com)

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Patrick — Tue, 15 Jun 2010 01:08:52 +0000

Real Estate Relapse Has Arrived (blogs.forbes.com)
There are 36,000+ Distressed Properties in Orange County (irvinehousingblog.com)
Las Vegas House-Ownership Rate: Officially 59%, But Effectively 15% (dailyfinance.com)
U.S. housing prices still more expensive than any other point in last 120 years (pragcap.com)
Rep. Waters FHA "Reform" Bill to Allow Smaller Down Payments, More Defaults At Your Expense (housingwatch.com)
Sen. Reid Seeks Bubble Re-Inflation (news.firedoglake.com)
Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case (Thanks Sen. Reid) (businessweek.com)
Private Sector Closely Watches Federal Decision to Unload Properties (nreionline.com)
Housebuyers Hit by Commercial Real Estate Slide (housingwatch.com)
Strategic defaults on mortgages: The price we pay for the housing folly (latimes.com)
2 ways to justify a price reduction to a seller (inman.com)
Irish Central Bank Hid Housing Market Crash Forecast (prisonplanet.com)
Two Decades Of Greed - The Unraveling (zerohedge.com)
Number of millionaires back to late 1990s levels (mybudget360.com)
State Wants to Borrow From Pension Fund, to Pay the Fund (nytimes.com)
You Thought California State Pensions Were Out Of Control? Wait Until You See This (dailybail.com)
Are you paying too much rent? (patrick.net)

Housing Crash News Links

Patrick — Mon, 14 Jun 2010 01:07:18 +0000

Chicago's Rogers Park neighborhood hit hard by condo foreclosures (chicagotribune.com)
Accelerating Jumbo Mortgage Delinquencies Will Bash High-End Property Values (housingstory.net)
Soros Says We Have Just Entered Act II of Crisis (bloomberg.com)
Rosenberg warns the bear market isn't over yet (money.cnn.com)
Here's Why Many US Housing Markets Are Continuing To Weaken (businessinsider.com)
Applications Point to Slow Summer Housing Season (usnews.com)
Why Tampa Bay's 'real' home ownership rate is so much lower than we think (blogs.tampabay.com)
Waking Up From the American Dream (nytimes.com)
Houseowners in mediation programs face court backlog of foreclosure cases (washingtonpost.com)
In jail for being in debt (startribune.com)
Builders Rush to Complete Houses by U.S. Tax Credit Deadline (bloomberg.com)
Tax Credit Extension Could Help Tax Cheaters (blogs.wsj.com)
FBI to "arrest hundreds of people" next week for Mortgage Fraud (calculatedriskblog.com)
'Jack Nasty' pleads guilty to mortgage racketeering (signonsandiego.com)
Adverse possession: Latest housing fraud to strike South Florida (sun-sentinel.com)
Is Canada's housing bubble about to burst? (thecoast.ca)
The Anatomy of a Bubble (greatdepression2006.blogspot.com)
Oil Spill May Cost $4.3 Billion in Property Values (preview.bloomberg.com)
BP Spills Coffee (youtube.com)
Public employee unions on the defensive (sfgate.com)
SNL skewers unions in "Public Employee of the Year" (taxdollars.freedomblogging.com)

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Housing Crash News Links

Patrick — Fri, 11 Jun 2010 01:07:23 +0000

US House Foreclosures Climb 44% to Record in May (businessweek.com)
Most Foreclosure Properties Not Underwater (housingwire.com)
Foreclosure Activity Over 300,000 For 15th Straight Month (zerohedge.com)
Fed's Beige Book: "Shadow" inventory of Foreclosed Houses (calculatedriskblog.com)
Thousands in California face unemployment check cutoff (economy.freedomblogging.com)
10 important real estate charts showing no housing recovery in 2010 (doctorhousingbubble.com)
Liquidity Seizure May Renew Recession, Nomura Says (bloomberg.com)
Banks Face Short-Sale Fraud as House Flopping Rises (bloomberg.com)
Uninformed online real estate investors buy trouble (daytondailynews.com)
US action in rescuing AIG poisoned market (marketwatch.com)
Bernanke says "Gold Acting Differently"; New Mortgage Applications at 13-Year Low (Mish)
Federal Reserve's Dollar Debt Can Never Be Repaid (marketoracle.co.uk)
Women Prefer Men Holding State Bonds, Japan Ad Says (bloomberg.com)
Hedge fund manager see deflationary environment (theglobeandmail.com)
Rarity of stock splits seen as a warning bell (usatoday.com)
Obama orders cuts in federal building costs (washingtonpost.com)
Banks Paying Colleges For Students Who Rack Up Credit Card Debt (news.yahoo.com)
Rapper Chamillionaire Strategically Defaults on His Mortgage (bvonmoney.com)

Thank You Jason S. ($20) for your kind donation.

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Housing Crash News Links

Patrick — Thu, 10 Jun 2010 01:07:05 +0000

Fed Study Finds "Real" Houseownership Rate (blogs.wsj.com)
The housing-market recession is not over (marketwatch.com)
Without buyer bait, US house sales keep slumping (reuters.com)
Mortgage Applications decline 35% over last four weeks (calculatedriskblog.com)
Mortgage Demand Slumps for 5th Week (cnbc.com)
China eyes property tax to quell its housing bubble (seattletimes.nwsource.com)
Greece is tapping China's deep pockets to help rebuild its economy (washingtonpost.com)
France selling 1,700 buildings to help cut debt (news.yahoo.com)
Debt Trap Makes Scottish Investors Scrutinize U.S. (bloomberg.com)
Borrowing costs so low that Washington couldn't possibly be facing debt crisis... (timiacono.com)
Bernanke Warns of Unsustainable Debt (nytimes.com)
Greenspan's "froth not bubble", 5 years later (lansner.freedomblogging.com)
How the central bank eats your money (nationalpost.com)
BMO Says "Go to Cash - In Plain English" (Mish)
A failure of economic and environmental regulation (newyorker.com)
Estate Tax Dormant, Billionaires Bequest Is Tax-Free (nytimes.com)
Keeping Politics Safe for the Rich (nytimes.com)
Only a fraction of those in need file for bankruptcy (usatoday.com)
Florida Keys Island Mansion Still Has No Takers At Over 70% ($7M) Off! (rocktrueblood)

Thank You Steven H. ($20) for your kind donation.

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Housing Crash News Links

Patrick — Wed, 09 Jun 2010 01:07:42 +0000

Record Low Mortgage Rates Make Now a Terrible Time to Buy a House (theaffordablemortgagedepression.com)
10 housing lessons we have not yet learned (bayarearealestatetrends.com)
Irrational US investors will always lose to Wall Street (and Realtors) (msn.com)
Kool Aid Intoxication of the Housing Bust (irvinehousingblog.com)
Condo conversions struggle, so owners rent them out again (azstarnet.com)
Apartment 1.5% net income, time to sell? (patrick.net)
Housing's Double Dip: Numbers Tell How Bad It Is (cnbc.com)
Foreclosures to be high for 18 more months (mortgage.freedomblogging.com)
Court order halts Bank of America foreclosure sales in Utah (builderonline.com)
New horror movie about foreclosure (hollywoodreporter.com)
Disturbing Job Ads: 'The Unemployed Will Not Be Considered' (huffingtonpost.com)
Britain, Germany plan severe spending cuts (latimes.com)
Australia: Surging house prices built on a debt time-bomb (wsws.org)
Stalling the Housing Recovery, One Stimulus Bill at a Time (fool.com)
Subsidizing housing makes it more expensive: FDIC's Bair (wallstreet.blogs.fortune.cnn.com)
Subsidizing education makes it more expensive (financemymoney.com)
Subsidizing anything makes it more expensive (archive.org)

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Housing Crash News Links

Patrick — Tue, 08 Jun 2010 01:08:54 +0000

Real estate will dampen Florida's economy for years (tbo.com)
Economist: Housing crisis to linger for years (freep.com)
Is Massive Refinancing During Bubble Years a Ticking Bomb? (realestatechannel.com)
Is housing already double dipping? (seekingalpha.com)
In Brutal Job Market, More Than a Million Quit Looking (cnbc.com)
Why do you want to own? (patrick.net)
What Do You Own - Really? (endoftheamericandream.com)
Commercial Loans That Vanished in Property Bust Reappear (nytimes.com)
Bank of America to pay borrowers $108 million to settle excessive charges (sfgate.com)
Crisis panel issues subpoena to Goldman Sachs (marketwatch.com)
Realtors spent $4.3M to corrupt our laws in Q1 (businessweek.com)
Canadian realtors lower housing forecast as market weakens (nationalpost.com)
Profit On Your House's Price - Even If It's Falling (sfgate.com)
Will China's Housing Market Crash? How to profit (tycoonresearch.com)
May Property Sales Drop in Shanghai, Beijing (businessweek.com)
Surviving Dubai's Real Estate Crash (knowledge.wharton.upenn.edu)
5 Steps Of A Bubble (sfgate.com)
Empty houses in the desert: American suburbanization meets the resource crises (PDF - commoncurrent.com)
Houses in Dayton, OH on eBay with starting bid of $1 (daytondailynews.com)
The Secret Powers Of Time (wimp.com)

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Patrick — Mon, 07 Jun 2010 01:09:15 +0000

Luxury Houses Losing Value (cnbc.com)
May House-Buying Activity Looks Worse Than Expected (blogs.wsj.com)
Manhattan Empty Condos May Be Rentals as Leases Reign (bloomberg.com)
Foreclosure developer thriving from rentals (northjersey.com)
Why We're Falling Into a Double-Dip Recession (robertreich.org)
Scariest Job Chart Ever Just Got Even Scarier (tpmlivewire.talkingpointsmemo.com)
Disneyland, businesses, enjoy Prop. 13 loopholes (taxdollars.freedomblogging.com)
Mortgage Mystery At The FHA (dailybail.com)
Geithner: Fannie and Freddie next for reform, someday (thehill.com)
Did Fannie and Freddie Cause the Housing Bubble? (theatlantic.com)
Fannie Mae's Duncan Says Buyer-bait Tax Credit Did Not Create Demand (businessweek.com)
Big increase in mortgage foreclosures predicted for this year (miamiherald.com)
Strategic Default: The $10,000,000,000 Monthly Economic Stimulus (irvinehousingblog.com)
Why Banks Try to Make Borrowers Feel Like Sinners When They Can't Their Mortgages (alternet.org)
Drumbeat for Fed rate hike gets louder The Fed (marketwatch.com)
A Move to Ease Student Debt Lifetime Slavery (nytimes.com)
Break the Credit-Rating Rules (nytimes.com)
Automobile-dependent real estate and jobs (patrick.net)
Small-time counterfeiter arrested, Federal Reserve not even investigated (latimesblogs.latimes.com)
Clarke and Dawe on the Subprime Mess (old but good) (youtube.com)

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Housing Crash News Links

Patrick — Fri, 04 Jun 2010 01:08:42 +0000

Why does government subsidize mortgage debt? (money.cnn.com)
Should you rent or buy? (money.cnn.com)
Bay Area jobs hit harder by recession than U.S. (sfgate.com)
Foreclosure storm continues in Central Valley (centralvalleybusinesstimes.com)
Public Union Parasites Move To Bar California Bankruptcies (Mish)
Greece to Sell Assets to Help Pay Down Deficit (nytimes.com)
Sydney quickly becoming the city few can afford to live in (nzherald.co.nz)
China's Housing Bubbles: Quality Research Required (scoop.co.nz)
Krugerrand Output Jumps to 25-Year High on European Debt Crisis (bloomberg.com)
Econophysicist Accurately Forecasts Gold Price Collapse (technologyreview.com)
Panic then silence over suspicious Chinese drywall (miamiherald.com)
Builder: Buyer-bait tax credit disappointing (washingtonpost.com)
National debt hits $13 trillion (washingtontimes.com)
Mortgage, credit card, student loan, auto loan debt also $13 trillion! (mybudget360.com)
"Banks" allow members to pay with time, not cash (news.yahoo.com)
Car dealer gets 12 years for mortgage fraud; used voodoo dolls targeting investigators (latimes.com)
Buyer on a stick (scroll down a bit) (patrick.net)
Bizarre ad about wrecking your house before foreclosure (givingbackthehouse.com)

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Housing Crash News Links

Patrick — Thu, 03 Jun 2010 01:07:01 +0000

Mortgage Walkaways Have Huge Incentive (cnbc.com)
The next generation of house buyers has too much college debt (bayarearealestatetrends.com)
Foreclosure crisis hitting hard on the west side of the Salt Lake Valley (sltrib.com)
Real Estate Dumbass of the Decade (longbeachhousingblog.blogspot.com)
Buffett Says He Expects `Terrible Problem' for Municipal Debt (preview.bloomberg.com)
Moody's Chief Says CDO Ratings Deeply Disappointing (businessweek.com)
Home-debtor epiphany (doctorhousingbubble.com)
Congress Eyes $15 Billion Construction Loan Guarantee Program (builderonline.com)
Realtors (TM) Want Congress to Corrupt the Tax Credit Timeline (blogs.wsj.com)
Five Failed Banks Cost the FDIC $317m, on Track for Record Year (housingwire.com)
Net worth of FDIC increased slightly, to negative $20.7 billion (fdic.gov)
Canada raises interest rates (finance.yahoo.com)
The Future Of America's Working Class (newgeography.com)
Strategic Foreclosure (patrick.net)

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Housing Crash News Links

Patrick — Wed, 02 Jun 2010 01:08:44 +0000

Foreclosures shifting to affluent ZIP codes (sfgate.com)
Bank price on some houses: 'Unrealistic' (mortgage.freedomblogging.com)
Latest Lie about Strategic Default: Borrowers Are Emotional Fools (irvinehousingblog.com)
Calif. jobless claims at record high (economy.freedomblogging.com)
Next Up -- 5 Years of Financial Hell (safehaven.com)
Euro Bailout Plan is all about Rescuing Banks and Rich Greeks (Mish)
Clarke and Dawe: Lending merry-go-round (youtube.com)
China's shift away from cheap labor hard on all (news.yahoo.com)
China told property risk is worse than U.S. (cnn.com)
Answers on Credit Ratings Are Long Overdue (nytimes.com)
Is Massive Refinancing During Bubble Years a Ticking Bomb? (realestatechannel.com)
U.S. gov't still supporting ponzi scheme that will drag house prices lower (thepanicnews.com)
Federal Housing Finance Agency demands Fannie and Freddie drive the poor into debt (fhfa.gov)
Review of 'Life Would Be Perfect If I Lived in That House' (online.wsj.com)

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Housing Crash News Links

Patrick — Tue, 01 Jun 2010 01:07:01 +0000

Stop Paying The Mortgage, Live Free For Years (nytimes.com)
IMF Economist Argues House Prices Still Have Far To Fall (blogs.wsj.com)
New House Sales Set to Plunge in Former Bubble Markets (bloomberg.com)
21 year supply in Vegas high-rise condo market (lvrj.com)
NY Owners Bet on Raising the Rent, and Lost (nytimes.com)
The Property Tax: Unsung Hero (taxvox.taxpolicycenter.org)
CA's Prop 13 means tax burden falls on houseowners, not businesses (freedomblogging.com)
Ponzi scheme cases on rise in Bay Area (contracostatimes.com)
Go Ponzi, Young Debtor! How to Manage Your Finances The California Way (irvinehousingblog.com)
Arizona commercial real estate brokers: Some lenders ignore crisis (azcentral.com)
Commercial property owners facing declining rents (heraldtribune.com)
Hosed in Canada; Housing Crash is a Given (Mish)
Soldier in Iraq Loses House Over $800 Debt (motherjones.com)
Australian real estate agents accused of price inflation scam (abc.net.au)
Racing China: The Australia Housing Bubble (newgeography.com)
Deflation now, inflation later? (biztimes.com)
Lent, spent and guaranteed: The merger of state and corporate powers (theautomaticearth)
Building industry wants the U.S. Treasury Dept to guarantee builders' loans (hadd.com)
What Your 401k Really Costs You (usnews.com)
Student Loan Debt Means Slavery, Bankruptcy Not An Option (nytimes.com)

Thank You Joseph J. ($25) for your kind donation.

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Housing Crash News Links

Patrick — Fri, 28 May 2010 01:09:36 +0000

The Root of the Housing Bubble Remains Unchanged (Charles Hugh Smith)
The Hard Truth About Residential Real Estate (zerohedge.com)
Easy Money, Hard Truths (nytimes.com)
New $3bn Foreclosure Prevention Program Added to Wall Street Reform Bill (209.236.64.240)
How real estate became the new volunteer slavery (theroot.com)
California "Millionaires": Debtors Who Service Over $1,000,000 (irvinehousingblog.com)
Mortgage Rates Fall to 4.8%, House Buyers Still Scarce (blogs.wsj.com)
No Progress in Weekly Unemployment Claims for Five Months (Mish)
Questions To Ask Those Who Believe That Economic Recovery Is Real (theeconomiccollapseblog.com)
Economist says inflation coming due to gov't printing money -- gets cut off (dvorak.org)
The Cult of Subprime Central Bankers (huffingtonpost.com)
Bank fails and goes about its business (latimes.com)
Is Australian Housing Market Set to Topple? (moneymorning.com.au)
Sydney property market - a cold wind is blowing (curtisassociates.com.au)
San Francisco gets a taste of the commercial real estate bust (mybudget360.com)
Thousands more in S.F. seek property tax breaks (sfgate.com)
Oklahoma City Hailstorm Meets Poor Construction (stumbleupon.com)
Fun Stock Map Showing Market Values As Areas (finviz.com)
Perfect for the do-it-yourselfer (patrick.net)

Thank You Johnny J. ($10) for your kind donation.

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Housing Crash News Links

Patrick — Thu, 27 May 2010 01:06:59 +0000

San Francisco's Parkmerced in default (sfgate.com)
Lessons of hard times in Vallejo, CA (latimes.com)
Bank-owned properties alter character of SF East Bay neighborhoods (contracostatimes.com)
Seattle's backyard cottages make a dent in housing need (usatoday.com)
Is South Florida housing rebound a myth? (weblogs.sun-sentinel.com)
House prices overvalued by 14 per cent in Canada (yourhome.ca)
Bad at Math? You're More Likely to Default on Your Mortgage (money.blogs.time.com)
More "Buy Now" spin from the builders (patrick.net)
In a Word, the Problem is "Debt" (timiacono.com)
FHA loans pass Fannie Mae and Freddie Mac in Q1 (doctorhousingbubble.com)
Bill Gross, Robert Mundell say Sovereign Default Likely Inevitable (Mish)
Moodys Reiterates U.S. Spending Risks Credit Rating (bloomberg.com)
Mapping the Mortgage Interest Deduction (economix.blogs.nytimes.com)
Economics and the Nature of Political Crisis (theautomaticearth.blogspot.com)
The Financial Power Elite (monthlyreview.org)
Empty Desks Are Commercial Shadow Inventory (nytimes.com)
Projecting commercial mortgage delinquency trajectory (snl.com)

Thank You Andrew H. ($50), John D. ($100), and David B. ($25) for your kind donations.

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Housing Crash News Links

Patrick — Wed, 26 May 2010 01:08:56 +0000

House prices drop 0.5 pct. from February to March (google.com)
House prices fall in March (latimes.com)
Southern California rents fall 7 straight months (lansner.freedomblogging.com)
Don't Rule Out a Double Dip Recession (online.wsj.com)
Anyone Still Bullish On Housing Clearly Isn't Paying Attention To Real Numbers (businessinsider.com)
New Jersey Assembly Approves Fresh Bait For Housing Trap (builderonline.com)
Why buying a house today makes little financial sense (mybudget360.com)
Crash is dead ahead. Sell. Get liquid. Now. (marketwatch.com)
Australian Housing Bubble: California Repeated? (scoop.co.nz)
Glut of bank-owned foreclosures means prolonged agony for California governments (contracostatimes.com)
Make the banks pay! Los Angeles Foreclosures Unmaintained (patrick.net)
CA seeks $4.9 billion in new taxes to pay for Prop 13 fiscal damage (sfgate.com)
New database shows $12.2 billion in SF Bay Area public employee salaries (contracostatimes.com)
Private pay shrinks to historic lows as gov't payouts rise (usatoday.com)
Cheap Mortgages: No Boost to Housing (online.barrons.com)
Hey, Mortgage Industry: Nobody Trusts You (blogs.wsj.com)
'Bailout psychology' destroying the economy (old but good - sfgate.com)
They got away with it: U.S. drops criminal probe of AIG executives (reuters.com)
Roubini: A Crash Course in the Future of Finance (c-spanvideo.org)
Customer stuck with counterfeit cash from post office (US stuck with counterfeits from Fed) (latimes.com)

Thank You Gary P. ($100) for your kind donation.

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Housing Crash News Links

Patrick — Tue, 25 May 2010 01:07:30 +0000

Suppressing the Cognitive Dissonance of a Bogus Recovery (Charles Hugh Smith)
Existing House Sales Rise in April, but Inventory Soars (theatlantic.com)
Rising house sales likely to cool despite low rates (finance.yahoo.com)
Strategic Defaults Are Endangering Dead Real Estate Market (nuwireinvestor.com)
Utah's foreclosure crisis: Worst lurks ahead (sltrib.com)
FHA House-Financing Volume Sign of "Very Sick System" (businessweek.com)
Broke, USA: From Pawnshops to Poverty Inc. (businessweek.com)
Insanity Down Under: "Paying Principal on Mortgage Loans is Unnecessary" (Mish)
Can China avoid a real estate bubble burst? (csmonitor.com)
Federal government is trying to reinflate house prices (seekingalpha.com)
U.S. Federal Reserve Meeting Minutes for April 28 (bloomberg.com)
Defaults on Apartment-Building Loans Set Record for U.S. Banks (bloomberg.com)
Obama Versus the Corporations (nytimes.com)
New rule says banks must prove ownership before foreclosing (New rule?) (miamiherald.com)
US Leading Indicators drop in sign recovery to cool (smh.com.au)

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Housing Crash News Links

Patrick — Mon, 24 May 2010 01:08:44 +0000

Ignoring mortgage debt for fun and profit (articles.moneycentral.msn.com)
What kind of houseowners choose to default? (latimes.com)
Owner-investors ponder walking away (nctimes.com)
Mortgage Delinquency Rate vs. Unemployment Rate Graphed (calculatedriskblog.com)
Lenders expected to sue houseowners for repayment of mortgage debt (sun-sentinel.com)
East SF Bay town going after deadbeat banks to end foreclosure blight (contracostatimes.com)
Fewer would buy repo'd house vs. a year ago (mortgage.freedomblogging.com)
How Allen Stanford is worse than Madoff (money.cnn.com)
9 Southern California men charged with operating foreclosure-relief scam (latimes.com)
Foreclosure scam's mastermind gets 46 years in prison - (signonsandiego.com)
The Challenge of Closing Tax Loopholes For Billionaires (robertreich.org)
Gates's Dad Says Rich Arent Paying Fair Share Taxes (bloomberg.com)
Fisher Island, haven of the rich, experiences dose of reality (miamiherald.com)
Slouching Towards Neofeudalism (huffingtonpost.com)
Padded Pensions Add to New York's Fiscal Woes (nytimes.com)
The Crippling Price of Public Employee Unions (usnews.com)
Principal-Protected Notes Aren't as Safe as They Sound (nytimes.com)
Economic Seer Says U.S. Not Addressing Real Cause of Crisis (time.com)

Thank You Eric T. ($20) for your kind donation.

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Housing Crash News Links

Patrick — Fri, 21 May 2010 01:06:48 +0000

Is San Francisco the Most Overpriced City? (bayarearealestatetrends.com)
Has the housing market bottomed out? Probably not. (csmonitor.com)
Housing market looks as sick as ever (online.wsj.com)
One in Ten Mortgage Borrowers Will Lose Their House To The Bank (newobservations.net)
Loan aid leaves some worse off (finance.yahoo.com)
Demand for mortgages tumbles (chicagotribune.com)
Mortgage Data Leaves Bankers Uncertain of Trend (dealbook.blogs.nytimes.com)
Commercial Property Values Drop as Rebound Stalls (businessweek.com)
Builders fear return to sound mortgage standards (activerain.com)
How the banks silenced whistleblowers (democracynow.org)
Goldman profited every day last quarter, but its clients fared far worse (bloomberg.com)
Lender pleads guilty to felony mail fraud (latimes.com)
Why do we let the Fed starve the elderly to gorge bankers? (finance.yahoo.com)
Social Unrest Spreads; Images Around the Globe (Mish)
Stocks Dive Again (npr.org)
Stocks to Tumble Another 20%, Cash the Safest Place (cnbc.com)
Housing crash news links now available for mobile phones (patrick.net)

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Patrick — Thu, 20 May 2010 01:06:45 +0000

Mortgage Applications Plummet To 13-Year Low As Buyer-Bait Expires (businessinsider.com)
One in 7 US houseowners paying late or in foreclosure (reuters.com)
Foreclosures hit record high of 14% of all mortgages (marketwatch.com)
Mortgage Foreclosures Hit Record as Job Losses Strain Budgets (businessweek.com)
Mortgage delinquencies drag on economic "recovery" (news.yahoo.com)
Prime mortgages going bust at a wonderful rate (miamiherald.com)
Marc Faber and Mish debate inflation vs deflation (Mish)
Can China handle its inflation problem? (money.cnn.com)
Fed in No Rush to Sell Mortgage Assets, Minutes Show (bloomberg.com)
Volcker Says Time Is Running Out for U.S. to Tackle Fiscal Woes (bloomberg.com)
Builders lobby for continued pork for builders (nbnnews.com)
For Rent: 1159 Carey Dr, Concord, CA 94520 (patrick.net)
San Francisco is a renters' city (sfgate.com)
California renters in the foreclosure crisis (PDF - tenantstogether.org)
Cheapshitcondos in Seattle (cheapshitcondos.com)
Arizona's migrant law may affect housing market (azcentral.com)
How long can an apartment "Grand Opening" last? 10 years? (lasvegassun.com)
Love, Your Broken House (youtube.com)
A realtor ad that's guaranteed to work? (patrick.net)

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