patrick.net

Housing Crash News Links

Patrick — Fri, 06 Nov 2009 02:06:15 +0000

Get Serious About Selling Your House: Lower The Price (nytimes.com)
L.A.-area agents holding open mansions (latimes.com)
"Wells Fargo Madness" a Reader Reply to Fear and Shame Tactics (Mish)
Personal bankruptcies climb 9% in October (money.cnn.com)
Fannie Mae offers borrowers rental option instead of foreclosure (news.yahoo.com)
Fannie Mae seeks $15 bln to flush down toilet after 3Q loss (finance.yahoo.com)
Ron Paul explains CORPORATISM vs Captialism (dailybail.com)
The 4 Things Needed To Fix Banking In The USA (rocktrueblood.blogspot.com)
Roubini Says Bank Mergers May Create Bigger Monster (bloomberg.com)
Legislation coming to break up big banks? (blogs.reuters.com)
Homedebtor Subsidy Should Expire (examiner.com)
Senate bill to make housing more expensive, using your taxes against you (washingtonpost.com)
Lobbyists Defeat America: Homedebtor Tax Credit Extension (housingwire.com)
Top Bailout Recipients Spent $71 Million Lobbying Since Bailout (huffingtonpost.com)
Bankers Get Flu Shots First, Because They Own The Government (cnbc.com)
Reglar Americans now competing with Mexicans for day-labor jobs (lasvegassun.com)
GMAC posts third-quarter loss on its mortgage loans (cityam.com)
Commercial property market to hit bottom in 2010 (latimes.com)
How the Colt Peacemaker outshone gold (marketwatch.com)
Making Health Care Better (nytimes.com)

Thank You Ken and Elizabeth O. ($25) for your kind donation.

Housing Crash News Links

Patrick — Thu, 05 Nov 2009 02:05:52 +0000

More walk away from mortgages after neighbors do too (usatoday.com)
Shame and Fear Benefit Banks (PDF - online.wsj.com)
High-end House Down 55% On SF Peninsula (patrick.net)
Price Slump to Last to Mid-2010, Pimco Says (bloomberg.com)
Florida class-action suit accuses builder of inflating prices (tampabay.com)
Feds Try To Prop Up House Prices, $729,750 At A Time (cbsnews.com)
This Loan Is Example Of What Went Wrong In America (huffingtonpost.com)
The Recession and the Paradox of Thrift (economix.blogs.nytimes.com)
FHA Digging Out After Loans Sour (online.wsj.com)
Wall Street Banksters Cry "Feed Me or World Will End" (bloomberg.com)
Arrogance, Ignorance Recurring in Economic History (pbs.org)
Australia lifts interest rate to 3.5 percent (google.com)
Fed sees rates near zero for extended period (reuters.com)
The significance of the IMF-RBI gold sales (themessthatgreenspanmade.blogspot.com)
Treasury expects to hit debt limit next month (msnbc.msn.com)
Is Debt-Deflation Just Beginning? (Mish)
History of Banking and Money (long) (wanttoknow.info)
Predicting the Future with Harry S. Truman (dvorak.org)
'Money-Driven Medicine': How we got this mess (sfgate.com)

Thank You Justme ($40) for your kind donation.

Housing Crash News Links

Patrick — Wed, 04 Nov 2009 02:07:38 +0000

Debt-slave Bait Still In Congress (Please Protest Now!)
Housing Needs To Keep Falling (businessinsider.com)
Economist says housing remains in crisis (missourinet.com)
U.S. Houseownership Has Become Financially Dangerous (bloomberg.com)
Foreclosure filings spike in affluent Chicago counties (chicagotribune.com)
October Personal Bankruptcies Highest Since 2005 Law Changes (bloomberg.com)
Housing-bubble states lag in recovery (statesmanjournal.com)
Canada may slash monopolistic real estate fees (yourhome.ca)
Australian house prices surge, may force interest rate hikes (marketwatch.com)
Commercial Real Estate Loans Growing Problem For Banks (investors.com)
Treas. Sec. Geithner "Burned Billions," Shafted Taxpayers (finance.yahoo.com)
At What Point Is A Bank Bailout A Crime? (dailybail.com)
States Are Pondering Fraud Suits Against Banks (dealbook.blogs.nytimes.com)
Has the Government Been Bailing Out Sprawl? (dc.streetsblog.org)
Goldman Eyes Tax Credits Fannie Mae Doesn't Need (nytimes.com)
Goldman left foreign investors holding the subprime bag (mcclatchydc.com)
Keeping America afloat with hot air (haaretz.com)
Dollar "Carry Trade" Creates Global Asset Bubble That Will Burst (sandiegoreader.com)
Health "Insurance": A Criminal Enterprise (huffingtonpost.com)

Housing Crash News Links

Patrick — Tue, 03 Nov 2009 02:06:07 +0000

Debt Slave Bait and Audit the Fed Bill Gutted: What You Can Do (Mish)
The Slow Decline in Healdsburg Real Estate Prices (healdsburgbubble.blogspot.com)
First Time House Buyers and Investors Dominate the Housing Market (benzinga.com)
Resale house inventory lingers (cape-coral-daily-breeze.com)
Unemployment driving up foreclosures (pressofatlanticcity.com)
Possible Credit Dislocation: Be Warned (market-ticker.denninger.net)
The case for deflation (theautomaticearth.blogspot.com)
Goldman takes on new role: taking people's homes (news.yahoo.com)
Wall Street's Naked Swindle (rollingstone.com)
Stiglitz Says U.S. Paying for Failure to Nationalize Banks (bloomberg.com)
U.S. Bank Failures: Nine in One Day (seekingalpha.com)
Failed Banks Graphic (s.wsj.net)
Fed official says banks at risk over property loans (financialpost.com)
Bank cushions are thicker but don't get comfy (blogs.reuters.com)
Federal Agency Loan Exposure Killing House Values in Georgia (seekingalpha.com)
Stocks Ends Streak of Seven Monthly Gains (bloomberg.com)
New Market Bubble Is Brewing (newsweek.com)

Housing Crash News Links

Patrick — Mon, 02 Nov 2009 02:05:22 +0000

Why U.S. Doesn't Need More House-Buyer Perks (smartmoney.com)
Extending house-debtor credit: another clunker? (features.csmonitor.com)
Job losses, lack of available credit hurting housing market (pittsburgh.bizjournals.com)
Foreclosures Hit the Unemployed Middle Class (newsweek.com)
Luxury Houses With Slashed Prices (forbes.com)
Walking Away Makes Sense For Many (Mish)
How Bloomberg Fabricates U.S. Housing Numbers (seekingalpha.com)
Ireland: House prices 25% down from peak (rte.ie)
Wilbur Ross Sees "Huge" Commercial Real Estate Crash (bloomberg.com)
Is Fed Abandoning Bailout Of Commercial Real Estate? (zerohedge.com)
How Goldman secretly bet on U.S. housing crash, and won (mcclatchydc.com)
Wall Street Throws Vast F-you Party At Expense of USA (bloomberg.com)
FDIC's Bair Wants Broad Authority To Ban All Future Bailouts (dailybail.com)
9 more U.S. banks fail; $2.5 billion hit for FDIC (marketwatch.com)
Small banking empire collapses; 9 fail in 1 day (marketwatch.com)
Lenders abandon properties (daytondailynews.com)
Investigating the Mortgage Crisis (thenation.com)
Madoff documents reveal incredulous, unfocused SEC (reuters.com)
Savings Glut, Investment Drought (motherjones.com)
Feral Houses! (sweet-juniper.com)

Thank You George L. ($100) and Saju D. ($40.00) for your kind donations.

Housing Crash News Links

Patrick — Fri, 30 Oct 2009 02:05:59 +0000

New Patrick.net Feature: Comment By Clicking On Map (patrick.net)
Actually, Case-Shiller Shows Housing Crash Has Already Resumed (businessinsider.com)
Are more foreclosures and short sales coming? (mortgage.freedomblogging.com)
SF Real estate leader's name on bad-check warrant (sfgate.com)
Moody's Projects Further House Price Declines (calculatedriskblog.com)
Under Attack, Credit Raters Turn to the First Amendment (huffingtonpost.com)
WSJ Presents Yet More Utter Nonsense from the National Association of Realtors (prospect.org)
'Too Big to Fail' Must End For All, FDIC Chief Says (dealbook.blogs.nytimes.com)
Bubble-wrapping the China shop (blogs.reuters.com)
Echoes of another great crash -- and the lessons we refuse to learn (seattletimes.nwsource.com)
A Halloween beyond your nightmares (theautomaticearth.blogspot.com)
The First-Time House-Buyer Tax Credit Scam (online.wsj.com)
The GDP Mirage (businessweek.com)
We Are in the Mother of All Carry Trades: Roubini (cnbc.com)
Two economists see red flags again for stock market (usatoday.com)
NY's Upper East Side not immune (pbs.org)

Thank You Lily Z. ($25) for your kind donation.

Housing Crash News Links

Patrick — Thu, 29 Oct 2009 02:05:41 +0000

Please oppose the $8,000 debt-slave bait! (patrick.net)
New-House Sales in "Surprise" Decline (businessweek.com)
New house sales take "surprise" tumble (msnbc.msn.com)
Fears of a New Chill in House Sales (nytimes.com)
High Foreclosure Rates Spread into New Metro Areas (cnbc.com)
Honolulu foreclosures rising (starbulletin.com)
Courts Beginning to Side in Favor of Foreclosed Owners (rismedia.com)
Real estate market won't reach 2007 levels again, EVER (mysanantonio.com)
6 loans in 6 years: How one woman lost her house (seattletimes.nwsource.com)
How Reno sale handled by bank on corporate welfare (newsreview.com)
Is a House an Investment? (Mish)
US housing recovery in 'bubble territory' (telegraph.co.uk)
England House Prices May Fall Further (bloomberg.com)
Ron Paul On Wall Street Corruption Of Washington (dailybail.com)
Macroeconomics For Investors (PDF - realclearmarkets.com)
Corporate Censorship Of Internet Proposed In "Internet Freedom Act" (dvorak.org)
Hidden Veto Message from Gov. Schwarzenegger (news.aol.com)
Gun and drugs op on 6,717 safety deposit boxes (dailymail.co.uk)
Accidents Of History Created U.S. Health System (npr.org)
Health insurer profits even when denying coverage (latimes.com)

Housing Crash News Links

Patrick — Wed, 28 Oct 2009 02:06:13 +0000

Why does Gov't want housing to be expensive? (washingtonpost.com)
Housing bottom? Analysts wary (heraldtribune.com)
Goldman Sees False Bottom, Merrill Sees Treat (bloomberg.com)
U.S. House Prices Could Fall Another 10% (seekingalpha.com)
Housing Prices May Fall Further (forbes.com)
US house prices ready for a freefall (theautomaticearth.blogspot.com)
Fed: Mortgages Overwhelmingly Government-Owned Now (bloomberg.com)
Foreclosures Abound; Banks Pretend Otherwise (glendalenewspress.com)
Judge sends couple to prison in $79-million mortgage fraud (tampabay.com)
Consumer Confidence Declines in U.S. (nytimes.com)
U.S. stock market's climb tied to dollar's fall (marketwatch.com)
U.S. Equities Will Drop Painfully, Grantham Says (bloomberg.com)
Pellegrini Says Shorting U.S Debt Attractive Bet (bloomberg.com)
New York Feds Secret Choice to Pay for Swaps Hits Taxpayers (bloomberg.com)
Soros Launches Effort to Battle Free-Market Zeal (newsweek.com)
9 Signs of America in Decline (usnews.com)
Twelve Reasons For A Job Loss Recovery (Mish)
Underemployed compound CA's jobless troubles (sfgate.com)
Senate Passes Blame By Vote Of 91-8 (theonion.com)
Owner not happy with loan re-modification, tortured loan officers (rocktrueblood.blogspot.com)

Housing Crash News Links

Patrick — Tue, 27 Oct 2009 02:05:48 +0000

Existing House Sales: More Activity, Little Achievement (calculatedriskblog.com)
South Florida houseowners walking away from underwater mortgages (palmbeachpost.com)
Detroit house auction flops for urban wasteland (news.yahoo.com)
Real estate woes make it a renter's market in the San Joaquin Valley (modbee.com)
Westminster led Orange County in rent drops (lansner.freedomblogging.com)
Fantasy Housing Numbers a Prelude to the Next U.S. Crash (seekingalpha.com)
Round Trip to Pre-Bubble Prices Underway (Charles Hugh Smith)
How The Citi-Grinch Stole Christmas and Why It's Good (Mish)
Who's the real deadbeat -- you or the credit card company? (sfgate.com)
Why the House Buyer Tax Credit Is a Bad Idea (seekingalpha.com)
Buffett: People who move money around get favored tax rates. You don't. (bloomberg.com)
Banks, Houseowners and the Battle Over 'Too Big to Fail' (washingtonindependent.com)
Beneficiary of Bernard Madoff scheme found dead (guardian.co.uk)
Companies Are Gaming The System To Beat Wall Street Expectations (huffingtonpost.com)
S&P 500 Overvalued by 40%, Set to Fall, Economist Smithers Says (bloomberg.com)
Commercial Real Estate Bust Looms (nbclosangeles.com)
Capmark Financial files for bankruptcy (money.cnn.com)
Medical Costs: Something Has Got To Give (ponderlicious.com)
After Insurance Reform Passes (nytimes.com)
Healthcare Reform? Medicare & Medicaid explained (patrick.net sponsored link)

Housing Crash News Links

Patrick — Mon, 26 Oct 2009 02:05:22 +0000

Housing prices forecast to fall in 2010 -- and could keep falling for years (dailyfinance.com)
Personal bailouts: droves walking away from mortgages (eyeonmiami.blogspot.com)
Foreclosures slow in CA as banks fear devaluing collateral (features.csmonitor.com)
Tough to Say When Foreclosures Will Crest (pbs.org)
19.6% Unemployment in California (bls.gov)
For "Lucky Few" Who Renegotiate Mortgages, Towering Debt Remains (huffingtonpost.com)
The lucky ones were those who were not selected to buy (patrick.net)
Credit account dispute could stall mortgage application (latimes.com)
Why The Rich Are Renting (forbes.com)
Uncle Sam Adds 5% to Cost of Houses, Goldman Says (blogs.wsj.com)
Housing prices too high yet Gov't hell bent on propping up prices (Mish)
The greatest theft in American history (theautomaticearth.blogspot.com)
Wall Street making billions moving money from Fed to Treasury (blogs.law.harvard.edu)
Soros says taxpayers right to resent bank bonuses (reuters.com)
Who cares if Wall Street 'talent' leaves? (money.cnn.com)
Why Wall Street Reform is Stuck in Reverse (robertreich.blogspot.com)
Why Everyone Is Wrong About Inflation/Deflation (seekingalpha.com)
3 More Black Swans for the U.S. Economy (seekingalpha.com)
We Were Warned (pbs.org)
Healthcare Reform? Medicare & Medicaid explained (patrick.net sponsored link)

Thank You Paul C. ($100) for your kind donation.

Housing Crash News Links

Patrick — Fri, 23 Oct 2009 02:05:51 +0000

Is the Housing Market About to Get Even Uglier? (online.wsj.com)
Key West Condo Falls from $294,000 to $77,500 - Still Unsold! (keywestchronicle.blogspot.com)
206,000 Houses on CA MLS but is the Real Inventory 618,000? (financemymoney.com)
US House prices fall 0.3% in August, FHFA says (marketwatch.com)
Santa Clara County apartment rents plunge (mercurynews.com)
Falling Prices Hit Apartments Hard, Put Pressure on Borrowers (nreionline.com)
Apartment Rents Decline in U.S. West as Unemployment Increases (bloomberg.com)
States Report Widespread Job Losses in September (calculatedriskblog.com)
Unemployment in Nevada, Florida Increases to Record (bloomberg.com)
Colorado minimum wage to drop as deflation spreads (news.yahoo.com)
No mortgage payments for a year, and yet never evicted. Why pay? (miller-mccune.com)
Pig farmers learn from banks and demand government-guaranteed profits! (Mish)
Fraud Reported in Program to Create New Debt-slaves (nytimes.com)
Subsidy or Scam? Many Abuse Housing Tax Credit (cnbc.com)
Prices must revert to normal levels supported by rents or wages (themessthatgreenspanmade)
The dollar is not going to crash (dissidentvoice.org)
Oops, subsidized apt complex overcharged tenants millions in rent (nytimes.com)
Don't let a disability cause you to foreclose. Get a free quote (patrick.net sponsored link)

Thank You Amit T. ($10) for your kind donation.

Housing Crash News Links

Patrick — Thu, 22 Oct 2009 02:06:12 +0000

Boynton Beach, FL condo towers has 395 units, no buyers (palmbeachpost.com)
Survey predicts South Florida house values will decline more (sun-sentinel.com)
The bust hits boomtown that banks built: Charlotte (msnbc.msn.com)
Prijzen van koopwoningen verder gedaald (English: Housing prices still falling in Holland)
Rents fall 7.5% in SF Bay Area in one year (sfgate.com)
Interview with Patrick: "It's a fantastic time to be a renter" (mortgagecalculator.org)
Story Of 21 Year Old With Underwater FHA Loan Is Even Worse (businessinsider.com)
The Green Mile: Starring the FHA (homedebtors.blogspot.com)
Homedebtors' Handout -- Worse Than Cash for Clunkers (barrons.com)
Latest bank fee is for paying off credit card on time every month (usatoday.com)
Walking Away: Those Pesky Deficiency Judgments (eyeonmiami.blogspot.com)
Banks really do prefer foreclosure (articles.moneycentral.msn.com)
Express Your Outrage At Showdown In Chicago (Mish)
Property taxes going up in Chicago and Cook County (newsblogs.chicagotribune.com)
Could a Land Tax Support the Operations of Government? (miller-mccune.com)
Economic "recovery" could be held back by job woes (money.cnn.com)
Recession Will Be 'Full-Blown Depression' (cnbc.com)
Hedge manager Sprott sees trouble when easing ends (marketwatch.com)
Don't let a disability cause you to foreclose. Get a free quote (patrick.net sponsored link)

Thank You Daniel B. ($20) and Rhea B. ($20) for your kind donations.

Housing Crash News Links

Patrick — Wed, 21 Oct 2009 02:06:59 +0000

Houses: About to get much cheaper (finance.yahoo.com)
The burden of prudent savers: propping up Wall Street (money.cnn.com)
Wall Street 40% Bonus Rise Fuels Buying of $43 Steaks (bloomberg.com)
Why No Welfare Reform for Wall Street? (huffingtonpost.com)
Paulson Met Secretly With Goldman's Board Last Year In Moscow (bloomberg.com)
Foreclosure figures spike in Marin (marinij.com)
Report Shows Increase In San Diego Foreclosures (10news.com)
Sun cutting up to 3,000 jobs as awaits Oracle deal (sfgate.com)
Big insider-trading hedge fund case hits Silicon Valley (sfgate.com)
Distressed condo sales in Miami (dailybusinessreview.com)
U.S. housebuilder confidence ebbs on tax credit fears (reuters.com)
Why the dollar is falling (economist.com)
On the US dollar, Europe Sings a Classic Meatloaf Hit (Mish)
Scammer Pretends To Foreclose, Then Rents Out Houses (9news.com)
Armageddon in Alabama Proves Parable for Local, U.S. Governments (bloomberg.com)
California Bans A Few Neg Am Loans (businessweek.com)
On PBS right now: The Warning (themessthatgreenspanmade.blogspot.com)
The View From Inside a Depression (nytimes.com)
Why Obama Has to do What Letterman Did: Refuse to Pay Hush Money (robertreich.blogspot.com)
Don't let a disability cause you to foreclose. Get a free quote (patrick.net sponsored link)

Housing Crash News Links

Patrick — Tue, 20 Oct 2009 02:05:21 +0000

20 Year Old Buys House With $183K FHA Loan (Of YOUR Money) And 3.5% Down (businessinsider.com)
Chair of Congressional Oversight Panel: Housing Market Getting Worse (finance.yahoo.com)
Dismal Foreclosure Numbers Could Be the Tip of the Iceberg (usnews.com)
County chief judge "irritated" by foreclosure lawyer delay tactics (blogs.tampabay.com)
Drop in foreclosures scary; banks are giving up (daytondailynews.com)
Ruling could undo thousands of foreclosures (bostonherald.com)
Guide to Looking up Public Records for Foreclosure Fraud (scribd.com)
Reverse Brain Drain From Silicon Valley To India And China (ccortez.com)
Where The Hell Is The Outrage? (Mish)
Columnist Doesnt Get Anger Directed at the Super Rich (dadtalk.typepad.com)
Goldman Sachs' Black Magic, Here's How They Did It (theautomaticearth.blogspot.com)
Goldman/Treasury CEO Paulson "The Hammer" Gets Hit By A Tree (dailybail.com)
Falling dollar a bogus crisis (suntimes.com)
Embrace the dollar's downfall (u.tv)
Fannie, Freddie Tumble, Shares Called Worthless (bloomberg.com)
Einhorn on gold, sovereign risk, and more (blogs.reuters.com)
Wall Street Income And Education (baselinescenario.com)
We're repeating the mistakes of 1930 (investmentnews.com)
Herbert Hoover: 1931 Radio Address to the Nation on Unemployment Relief (presidency.ucsb.edu)
Don't let a disability cause you to foreclose. Get a free quote (patrick.net sponsored link)

Thank You Thomas S. ($1) for your kind donation.

Housing Crash News Links

Patrick — Mon, 19 Oct 2009 02:05:05 +0000

If foreclosure is imminent, stop making your house payments (tampabay.com)
Keeping up with an avalanche of troubled mortgages (marketwatch.com)
Thousands at San Fran. Cow Palace seeking mortgage help (sfgate.com)
Median price of homes sold in Peoria, AZ drops 27.3% (azcentral.com)
Minnesota Mortgage Crisis Far From Over (builderonline.com)
Foreclosure crisis far from over for South Florida (miamiherald.com)
Detroit real estate: A bargain or a money pit? (money.cnn.com)
Some very ugly foreclosure numbers in Mass. (boston.com)
Buyers Sue Trump as Miamis Condo Prices Plummet (bloomberg.com)
California job losses continue to climb (latimes.com)
Sentiment Index Decreased to 69.4 (bloomberg.com)
Is commercial real estate next to fall? (marketplace.publicradio.org)
Treas. Sec. Geithner Aides Reaped Millions Working for Banks, Hedge Funds (bloomberg.com)
The FHA Is A Looming Disaster (businessinsider.com)
If they're too big to fail, they're too big (ourfuture.org)
Sliding dollar may be something to cheer about (latimes.com)
An Analogy of the First Time Homedebtor Credit (homedebtors.blogspot.com)
Don't Think, Just Shop (dailybail.com)
Declaring War On Health Insurance Companies After Their Anti-Reform Attack (dvorak.org)
Don't let a disability cause you to foreclose. Get a free quote (patrick.net sponsored link)

Housing Crash News Links

Patrick — Fri, 16 Oct 2009 02:05:54 +0000

Foreclosures: 'Worst three months of all time' (money.cnn.com)
U.S. Foreclosure Filings Jump 23% to Record in Third Quarter (bloomberg.com)
Foreclosures Hit All-Time High (businessinsider.com)
SF Bay Area houses still taking a hit (contracostatimes.com)
Foreclosures rise 5% from summer to fall in LA (latimes.com)
Riverside and San Bernardino Shadow inventory (housing-kaboom.blogspot.com)
Foreclosures leap in Sarasota County, FL (heraldtribune.com)
S. Fla. foreclosures surge (miamiherald.com)
Hawaii foreclosure filings up 63% compared with September '08 (honoluluadvertiser.com)
Maui leads in foreclosures (starbulletin.com)
US housing: Sustainable bottom or dead cat bounce? (morningstar.co.uk)
Housing could take double dip down in 2010 (marketwatch.com)
Renting Beats House-Buying Remorse After Meltdown (bloomberg.com)
What's Wrong With Being A Renter? (cato-at-liberty.org)
Dow Breaks 10,000: Don't Get Caught Up (finance.yahoo.com)
Letting Goldman roll the dice (blogs.reuters.com)
JPMorgan Pitches Lending To The Dead To Boost Obama Plan (bloomberg.com)
No, You're Reading That Right: 79.9% rate targets credit-challenged (nbcsandiego.com)
Ask 'But Why?': Sir James Goldsmith interview 11-15-1994 (askbutwhy.com)
A forensic loan audit can save your home! (patrick.net sponsored link)

Thank You Ilya R. ($100) and anonymous in WI ($20) for your kind donations.

Housing Crash News Links

Patrick — Thu, 15 Oct 2009 02:05:29 +0000

For many U.S. wealthy, housing crisis still a squeeze U.S. (reuters.com)
"Luxury" Key West Condo Drops $716,000 to $479,000 (keywestchronicle.blogspot.com)
$25M mansion now up for a paltry $6M (chicagobreakingnews.com)
Silicon Valley Foreclosure notices up but foreclosure sales down (mercurynews.com)
Detroit's Mortgage Mod Plan: We'll Just Burn Down Our Houses (businessinsider.com)
Foreclosure Prices Don't Lower Property Tax In FL (miamiherald.com)
Suburban Foreclosure Wave Threatens Economic "Recovery" (wbur.org)
Shiller: This Is No Housing Boom (moneynews.newsmax.com)
Don't Reinflate the Old Bubbles (washingtonpost.com)
Leading indicators and the shape of the recovery (krugman.blogs.nytimes.com)
California's Sensible Mortgage Restraints (business.theatlantic.com)
Banks/government cannot keep bad assets with no ill effects much longer (theautomaticearth.blogspot.com)
Developers Enforce Contracts With Remoseful Buyers (dailybusinessreview.com)
Finance's Five Fatal Flaws (huffingtonpost.com)
By Popular Demand: Repost of Marcy Kaptur and Simon Johnson (pbs.org)
The U.S. Senate Has No Center Any More (miller-mccune.com)
GOP Claims Olympia Snowe Was Born in Kenya (borowitzreport.com)
Insurance Lobbyists Are On The Attack (realclearpolitics.com)
Harry Reid: Include the Public Option (pol.moveon.org)
A forensic loan audit can save your home! (patrick.net sponsored link)

Housing Crash News Links

Patrick — Wed, 14 Oct 2009 02:05:07 +0000

Southern California House Prices Fall on Foreclosures (bloomberg.com)
Cluster of buyers spike foreclosures of million-dollar mansions in FL (palmbeachpost.com)
More tax credit cheese to be placed in new-buyer mousetrap (marketwatch.com)
Contemplating yet more "aid" to make housing more expensive (heraldtribune.com)
FHA Facing "Cataclysmic" Default Rates (finance.yahoo.com)
TARP deadbeats go unnoticed (blogs.reuters.com)
Commercial-Mortgage Defaults Jump Sevenfold (bloomberg.com)
Housing Fall Rate Slows But Has Not Bottomed Tilson Says (finance.yahoo.com)
Investor saw trouble in subprime (washingtontimes.com)
Dollar loses reserve status to yen & euro (nypost.com)
Thoughts on the Economy: Problems and Solutions (Mish)
The Great Recession is over! Phew! (eyeonmiami.blogspot.com)
Great Recession Will Maintain Grip for a Generation (seekingalpha.com)
No Recession In Chinese Billionaires (blogs.wsj.com)
Run on DSB bank makes Dutch central bank take control (nrc.nl)
How Private Health Insurers Proved Need For Public Option (robertreich.blogspot.com)
Ex-insider: Insurance industry report is bogus (amfix.blogs.cnn.com)
Legal Assist Loan Modification Kit - For limited time only $99 (patrick.net sponsored link)

Housing Crash News Links

Patrick — Tue, 01 Sep 2009 02:05:20 +0000

Patrick's Property Valuations (patrick.net)
Ideas to cut the federal deficit could cost houseowners billions (latimes.com)
Caught in foreclosure relief scam, a couple loses their house (journalstar.com)
How Much California Inventory? (financialoven.com)
Is Unemployment the Worst Since the Great Depression? (usnews.com)
Online database lists salaries of more than 134,000 workers across Bay Area (contracostatimes.com)
Is house ownership past its sell-by date? (guardian.co.uk)
Lenders, Servicers Fight Anti-Blight and Property Laws (washingtonindependent.com)
Banks Postponing Day of Reckoning, But Not To Help Borrowers (bankinvestmentconsultant.com)
A "Little Judge" Who Rejects Foreclosures, Brooklyn Style (nytimes.com)
It's life on the edge of foreclosure for many in suburbs (orlandosentinel.com)
Rep. Frank eyes Fed audit, emergency lending curbs (reuters.com)
House sales showing faint life only after massive federal rescue (washingtontimes.com)
Incentives between brokers, banks, and borrowers encouraged false mortgage applications (gsb.columbia.edu)
Nudist Property Market Survives U.S. Housing Disaster (bloomberg.com)

Housing Crash News Links

Patrick — Mon, 31 Aug 2009 02:05:22 +0000

House prices not done falling yet (ajc.com)
Sunshine State is shrinking (nytimes.com)
Even higher taxes coming for Californians (latimes.com)
Record 8,000 mortgages face foreclosure in Orange County (mortgage.freedomblogging.com)
Seattle Condo Auction - 20% Discount Not Enough (geldpress.com)
Seattle Condos still too expensive with 65% discounts (seattlepi.nwsource.com)
The Depths of Mortgage Debt (nytimes.com)
Japanese Government reels under economic blows (business.timesonline.co.uk)
Japan's Stock Market Still Not Recovered From 1990 Bubble (chart.finance.yahoo.com)
Barney Frank Says Ron Paul's "Audit The Fed" Bill Will Pass (Mish)
Ron Pauls "End the Fed" Movement Gaining Steam (americanbankingnews.com)
Fed Band-Aids for the Recession (counterpunch.org)
The Fed And The Dollar In Graphical Form (patrick.net)
Government as Wall Street's enabler (ocala.com)
You're screwed! (Old but good) (newsreview.com)
Survival : Chapter One (Charles Hugh Smith)
Liberal failure to help white working class allowed right-wing demagoguery to flourish (ourfuture.org)
Every Other Country Has Universal Health Care - And It Works (patrick.net)
Comparing the Health Care Proposals (nytimes.com)
Fair plus Balanced: OMFG! Its happening!! (fairplusbalanced.blogspot.com)

Housing Crash News Links

Patrick — Fri, 28 Aug 2009 02:05:20 +0000

Loans That Looked Easy Pose Threats to Recovery (nytimes.com)
Housing demand could snag on mortgage insurance (mortgage.freedomblogging.com)
The House of Your Dreams, Nightmares (nytimes.com)
Real US unemployment rate at 16% (rawstory.com)
How to grow your GDP while killing jobs (theautomaticearth.blogspot.com)
What can stop this stock market rally? (themessthatgreenspanmade.blogspot.com)
How Wall Street Fleeced Millions from Wisconsin Schools (alternet.org)
Realtor brags to magazine about unethical practices (lasvegassun.com)
Property taxes out of line with lower values (miamiherald.com)
For FDIC, a long tunnel and little light (blogs.reuters.com)
FDIC's 'problem list' of troubled banks tops 400 (marketwatch.com)
Dollar May Surpass Established Lows, Goldman Says (bloomberg.com)
Government's Money-Manipulating Wizardry (minyanville.com)
Bernankes next tasks will be undoing his first (finance.yahoo.com)
Creative Destruction (Mish)
Bernanke's other banking problem: Identity theft, his identity! (dailyfinance.com)
Dewey Square Group paid to oppose healthcare reform (eyeonmiami.blogspot.com)

Housing Crash News Links

Patrick — Thu, 27 Aug 2009 02:05:37 +0000

Subsidizing Housing Causes Further Pain (financialoven.com)
NYC Apartment Rents Drop 7-10 Percent (Mish)
Calif. assessed values take 1st fall in 76 years (lansner.freedomblogging.com)
California property values fall for the first time in 76 years (latimes.com)
4 Signs Your House Is About to Lose Value (realestate.aol.com)
Californians Lose $1 Billion From Unconstitutional Bond Sales (bloomberg.com)
Home equity credit cuts strike nerve (contracostatimes.com)
A Looming Market Reversal? (minyanville.com)
Adjustable Mortgages Loom as Threat to Housing Recovery (nytimes.com)
How Bernanke failed us (latimesblogs.latimes.com)
A costly one-trick pony (theautomaticearth.blogspot.com)
Geithner: U.S. Fed needs shielding from politics (reuters.com)
Denis Hughes Named Chairman of NY Fed's Board (washingtonpost.com)

Thank You Nigel W. ($20) and M. ($25) for your kind donations.

Housing Crash News Links

Patrick — Wed, 26 Aug 2009 02:06:31 +0000

Bay Area mortgage delinquencies soar (sfgate.com)
California mortgage delinquencies expected to rise through 2009 (latimes.com)
California tax credit expires, house permits sink (reuters.com)
U.S. House Prices Tumble 6.1% on Surging Foreclosures (bloomberg.com)
Huge Plunge In Mortgage Cure Rates Portends Foreclosure Disaster (Mish)
House Price Crash Only 75% Done (businessinsider.com)
Detailed Criticism of the Fed (nolanchart.com)
What is wrong with them is not that they are wrong (theautomaticearth.blogspot.com)
The Next Credit Bubble Is Now (thebigmoney.com)
True Deleveraging Not Begun Yet Because Bank Losses Socialized (washingtonsblog.com)
Houses In Walkable Neighborhoods Are Worth More (triplepundit.com)

Thank You Cashmonger ($6.69) for your kind donation.

Housing Crash News Links

Patrick — Tue, 25 Aug 2009 02:05:19 +0000

Existing House Sales Far Worse Than Advertised (ritholtz.com)
Too Soon to Call a Housing Bottom (huffingtonpost.com)
Kiyosaki: Prepare for the worst (finance.yahoo.com)
The Pareto Principle and the Next Wave Down in Real Estate (Charles Hugh Smith)
Roubini warns of double-dip recession: report U.S. (reuters.com)
Fannie, Freddie shares strangely soar (finance.yahoo.com)
More Proof Commercial Mortgage Defaults Continue to Rise (cutimes.com)
Global Debt Bubble, Causes and Solutions (Mish)
White House Deficit Estimate To $9 Trillion From $7.1 Trillion (247wallst.com)
The Man Who Sells America's I.O.U.'s (nytimes.com)
Analyst Bove sees 150-200 more US bank failures (money.cnn.com)
The Goldman Connection (brucewiseman.net)
Got a complaint against BofA? You're on your own (latimes.com)
Asking You to Buy a Couch, Now That You Can't Sell the Hous (nytimes.com)
Recession spurs a modern-day gold rush (msnbc.msn.com)
What is the Republican health care plan? (healthcareforamericanow.org)

Thank You Carl H. ($50) and Kathy M. ($50) for your kind donations.

Housing Crash News Links

Patrick — Mon, 24 Aug 2009 02:05:41 +0000

What's Really Selling - Only Cheap Houses (cnbc.com)
10 Reasons why there will be no Recovery in 2010 (financialoven.com)
California unemployment rate climbs to 11.9% (news.yahoo.com)
Unemployment in California hits post-World War II high (latimes.com)
Taking a beating in high-end real estate too (azstarnet.com)
FDIC Reserve Funds Nearing Depletion (fourwinds10.com)
Iceland Recovering From Neoliberal Disaster (informationclearinghouse.info)
Irish real estate values to plunge by 50 percent (irishcentral.com)
Mortgage delinquencies break another record (marketwatch.com)
What rebound? Foreclosures rise as jobs and income drop (mcclatchydc.com)
Foreclosures rise, driven by loss of jobs and income (miamiherald.com)
Pornographer With Common Sense On Glass-Steagall (huffingtonpost.com)
Rise of the Super-Rich Hits a Sobering Wall (nytimes.com)
What Comes Next? (minyanville.com)
Is your suburb the next slum? (realestate.msn.com)
A Cul-de-Sac of Lost Dreams, and New Ones (nytimes.com)
Las Vegas: The Casino Town Bets on a Comeback (time.com)
Competition lacking among private health insurers (sfgate.com)
A Little Haggling Might Pay Off at the Hospital (miller-mccune.com)
Sensible Silent Republicans And Health Reform (patrick.net)
Republicans' Obama Paranoia (mcclatchydc.com)

Thank You Anand S. ($15) for your kind donation.

Housing Crash News Links

Patrick — Fri, 21 Aug 2009 02:05:21 +0000

Mortgage Delinquencies Rise as US House Prices Fall (bloomberg.com)
Mortgage defaults rise to record 13% (latimes.com)
Mortgage delinquencies hit record high in Q2 (finance.yahoo.com)
Prime borrowers are the ones to worry about (blogs.reuters.com)
Palo Alto prices fall 20%, but rising tax assessments praised (paloaltoonline.com)
N. California OFHEO House Price Depreciation Tracker (housingbubblebust.com)
Lumber Prices Forecasting Another Housing Downturn (seekingalpha.com)
America's housing market: Where it all began (economist.com)
The Other Side of the Housing Wealth Effect (seekingalpha.com)
Five Reasons Why Negative Equity Could Kill GDP Growth (minyanville.com)
Fed has no magic powers (Mish)
Countrywide Loses Ruling in Loan Suit (nytimes.com)
Sane Republicans Embarassed By Loonies In Their Ranks (independent.co.uk)
Woman Yells "Heil Hitler" to Jew Praising Israel's Health Care System (dvorak.org)

Housing Crash News Links

Patrick — Thu, 20 Aug 2009 02:05:39 +0000

What's Happening in the Housing Market? (business.theatlantic.com)
43 Percent of San Diego Mortgages Underwater (voiceofsandiego.org)
Life goes on after foreclosure (money.cnn.com)
My Bad! Woman's House Mistakenly Auctioned by Bank (nbcmiami.com)
In Appraisal Shift, Lenders Gain Power and Critics (nytimes.com)
Scholes, Merton Say Banks Should Value Assets Truthfully (bloomberg.com)
Emails from a Bank Owner regarding FDIC (Mish)
Warren Buffett on The Greenback Effect (nytimes.com)
Pimco Says Dollar to Weaken as Reserve Status Erodes (bloomberg.com)
Pimco's Gross buys $23M house, tears it down (realestate.msn.com)
Public workers' hefty pensions strain budgets (dailybulletin.com)
CalPERS Backs National Health Care Reform Effort (calpers.ca.gov)
What You Need To Know About Health Care Reform (minyanville.com)
How American Health Care Killed My Father (theatlantic.com)

Thank You Marja M. ($30) and Randee W. ($15) for your kind donations.

Housing Crash News Links

Patrick — Wed, 19 Aug 2009 02:05:54 +0000

Southern California House Prices Fall on Foreclosures (bloomberg.com)
Hawaii real estate market to fall further (starbulletin.com)
Florida's population declines for the first time since 1946 (miamiherald.com)
Delinquency rate on bank loans up to record 6.49% (marketwatch.com)
Unemployment Spike Compounds Foreclosure Crisis (washingtonpost.com)
Bright Side of Falling House Prices (Mish)
Renters enjoy impact of foreclosures (lansingstatejournal.com)
How mortgage shopping could change (articles.moneycentral.msn.com)
US banker found guilty of $1B subprime fraud (news.bbc.co.uk)
Taking Wall Street Advice in Rally Means Owing $6,000 (bloomberg.com)
Property Porn.. revisiting a hypnotised nation (blog.moneysavingexpert.com)
Tales from the deep -- underwater (latimesblogs.latimes.com)
Bull Turned Bear (littleindia.com)
This Is Reform? (nytimes.com)
Advertisers deserting Fox News' Birther Glenn Beck (marketwatch.com)

Thank You Anon. in WI ($20) and Joseph O. ($20) for your kind donation.

Housing Crash News Links

Patrick — Tue, 18 Aug 2009 02:05:23 +0000

Lies, Damn Lies, and the Real Estate Recovery (minyanville.com)
No quick recovery ahead for housing (finance.yahoo.com)
Few expect boom after this bust (msnbc.msn.com)
Brace for Wave of Foreclosures, Dam About to Break (Mish)
Why the New American Real Estate Dream Is Renting (online.wsj.com)
Ten Key Charts on Property Values (newobservations.net)
Wall Street sees shoppers as key to rally's future (news.yahoo.com)
Commercial property sales plummet (philly.com)
Does the US have enough money to solve its problems? (dailyfinance.com)
You think Ireland is bad? Look at Spain (tribune.ie)
Some saw housing bubble and sold; trick now is spotting the bottom (latimes.com)
California real estate: No light yet in tunnel (marketwatch.com)
Dear California, I'm dumping you (latimes.com)
Greetings from Bulgaria (theautomaticearth.blogspot.com)
America's Japanese Banks (blogs.reuters.com)
Birthers! Banks and insurers profit from your fears (huffingtonpost.com)
How insurance firms twist debate (cnn.com)
Fear is weapon of choice for opponents of reform (washingtonpost.com)
Health Care War! (moneyandmarkets.com)

Thank You Susan P. ($5) for your kind donation.

Housing Crash News Links

Patrick — Mon, 17 Aug 2009 02:05:37 +0000

Nearly one-third of all mortgages underwater (centralvalleybusinesstimes.com)
More than half of Sacramento-area mortages under water (sacbee.com)
Too Early For Housing Price Stabilization (Mish)
US Houseowners Cut Asking Prices $27.8 Billion (bloomberg.com)
The Rentership Society (calculatedriskblog.com)
Housing Glut Pushes Rental Inflation to Record Lows (mrzine.monthlyreview.org)
Slowing US Rents Push Inflation Lower, May Delay Fed (bloomberg.com)
The Real Impact of Deflation (minyanville.com)
Google Maps Now Shows Houses For Sale, Incl Foreclosures (maps.google.com)
Fair-Value Accounting Is Horror Flick Monster (bloomberg.com)
Toxic Loans Topping 5% May Push 150 Banks to Point of No Return (bloomberg.com)
Foreclosures hitting hard in Kona, Hawaii (honoluluadvertiser.com)
Bernanke, Do You Have The Cojones To Raise US Interest Rates? (marketoracle.co.uk)
Commercial real estate suffering (modbee.com)
Weird old text about credit bubbles (gutenberg.org)
Competing Ads on Health Care Plan Swamp the Airwaves (nytimes.com)
Debunking Health Care Lies by Reading the Bill (opencongress.org)
Why We Need Health Care Reform (nytimes.com)
US healthcare town halls: Anger, fear and lunacy (reuters.com)
Jon Stewart Eviscerates 'Birther' Movement (huffingtonpost.com)

Thank You Brian B. ($25) and Andrei F. ($10) for your kind donations.

Housing Crash News Links

Patrick — Fri, 14 Aug 2009 02:05:39 +0000

House foreclosures set another record in July (reuters.com)
Foreclosures rise 7 percent in July from June (news.yahoo.com)
Foreclosure pipeline grows in the Bay Area (contracostatimes.com)
Colorado foreclosures filings hit record high (9news.com)
Foreclosure fallout hangs heaviest in FL (heraldtribune.com)
A market addicted to foreclosures? (boston.com)
Buyer wants money back for townhouse "hell" (dailybusinessreview.com)
Interview with Deutsche Bank about 'underwater' mortgages (money.cnn.com)
Why you should ask for lower rent (marketwatch.com)
Despite What Cramer Said, Housing Has Not Bottomed (seekingalpha.com)
Three Ways to Predict the End of the Housing Bounce (minyanville.com)
Housing Rebound: Why It Could Take 20 Years (seekingalpha.com)
Paulson & Goldman Sachs, The Plot Thickens (dailybail.com)
My First 100 Days as Director of SEC Enforcement (sec.gov)
Next Bubble to Burst Is Banks Big Loan Values (bloomberg.com)
Engineering company executives provide US economic advice (controleng.com)
Santa Clara County Sales Stats July 2009 (patrick.net)

Housing Crash News Links

Patrick — Thu, 13 Aug 2009 02:05:40 +0000

House Price Declines Accelerate in Second Quarter (bloomberg.com)
East SF Bay houses with negative equity could pull down economy (contracostatimes.com)
Readers tell their stories about having 'underwater' mortgages (tbo.com)
Record number of foreclosures scheduled for sale in CA (centralvalleybusinesstimes.com)
Roubini, Taleb Talk Recovery, Risk Of Second Recession (huffingtonpost.com)
Pink Slip Nation (lewrockwell.com)
Deflation Hits Porn Industry, Others (Mish)
Tax revenue plunges as spending rises (theautomaticearth.blogspot.com)
We need to rein in our overspending (washingtontimes.com)
The Federal Reserve is Immoral (themessthatgreenspanmade.blogspot.com)
White House's Deal With Big Pharma Undermines Democracy (robertreich.blogspot.com)
How To Fight Heathcare Fearmongers and Demagogues (robertreich.blogspot.com)
Responsible Republicans Must Reject Insurance Industry Funded Fascism (alternet.org)
Humbled by Taiwan's national health insurance (blog.lib.umn.edu)

Thank You Cudick A. ($50) for your kind donation.

Housing Crash News Links

Patrick — Wed, 12 Aug 2009 02:05:30 +0000

Silicon Valley house price declines may spread to higher-end areas (mercurynews.com)
House value drop-off slows; S.F. immune no more (sfgate.com)
US Underwater Mortgages May Reach 30% (bloomberg.com)
Half of US Houseowners Will Be Underwater by 2011 (finance.yahoo.com)
Nearly half of S. Florida mortgage holders are 'underwater' (sun-sentinel.com)
US Consumer Credit Shows Steepest Contraction in Over 5 Decades (Mish)
Inflation Not a Problem Deflationary Depression in Our Future (finance.yahoo.com)
Treasurer Fear of Credit Freeze Seen in Cash Hoarding (bloomberg.com)
Can We Stop Banksters From Killing Financial Reform (informationclearinghouse.info)
Fed Faces Its Zimbabwe Moment (forbes.com)
The Economic Numbers Tell One Story, Afflicted Owners Tell Another (washingtonpost.com)
Why are there medical care reform links on patrick.net? (patrick.net)
Karl Marx and American Health Care (miller-mccune.com)
A Primer on the Details of Health Care Reform (nytimes.com)
Fixing Health Care: A Real Solution (market-ticker.denninger.net)
FACT CHECK: No 'death panel' in health care bill (signonsandiego.com)
Town Hall Meeting Gives People Chance To Say Stupid Things In Public (theonion.com)

Thank You Patricia and Steve ($40) for your kind donation.

Housing Crash News Links

Patrick — Tue, 11 Aug 2009 02:07:06 +0000

Falling Valuations Poison for VC's and Silicon Valley Real Estate (nytimes.com)
Sorry - the house price crash isn't over yet (blogs.telegraph.co.uk)
Tenants see cheaper rates, landlords face revenue hit (gainesville.com)
Specialist says foreclosure flood ahead (heraldtribune.com)
New wave of defaults on horizon, experts say (signonsandiego.com)
Foreclosures Increasing Or Not? (3.bp.blogspot.com)
Prime loan borrowers may be poised to face house foreclosures (lvrj.com)
Shattered Housing Dreams and the Painful Process of Deleveraging (Mish)
When real estate falls, so does auction hammer (heraldtribune.com)
Short sales: The odds are against cash-strapped houseowners (sun-sentinel.com)
How We Got into Debt (time.com)
Fed: Stop the presses (blogs.reuters.com)
Fed Poised to Halt Treasury Purchases Soon (calculatedriskblog.com)
A pessimist's prediction: Hyperinflation (articles.moneycentral.msn.com)
If it's broke, many consumers fixing it (signonsandiego.com)
Medical costs bankrupt more Americans than bad mortgages do. So, some links:
To save US $1T per year will cost insurance & drug industries that money; they won't let it happen (theautomaticearth.blogspot.com)
Will Obamacare Make the U.S. More Like Europe? (huffingtonpost.com)
Town-hall protesters defend right to be raped by insurance companies (patrick.net)

Housing Crash News Links

Patrick — Mon, 10 Aug 2009 02:05:30 +0000

Luxury houses missing out on housing recovery (money.cnn.com)
The mortgage market folds (steamboatpilot.com)
Lost Couple of Decades Looming for US Economy (bloomberg.com)
Job Growth Lacking in the Private Sector (nytimes.com)
Dismal Unemployment Situation In Chart Form (Mish)
Fannie, Freddie Overseer Quits (bloomberg.com)
Should the Fed Be Buying Fannie Debt? (blogs.wsj.com)
Fed Manipulating Demand For US Treasuries (zerohedge.com)
Some Signposts on the Deflation-Reflation Road (thebarricadeblog.com)
Russian Debt Beats California Debt (bloomberg.com)
The Small Price to Pay for Financial Fraud (minyanville.com)
Red flags signaled lender's demise (ocala.com)
Orlando apartment vacancies are up (orlandosentinel.com)
Renters Get Discounts To Stay Put (nytimes.com)
Shouting Replaces Debate In Health Care (nytimes.com)
Propagating Falsehoods About Health-Care Reform (washingtonpost.com)
The Enthusiasm Gap in Health Reform (tnr.com)

Thank You Jeffrey L. ($15) for your kind donation.

Housing Crash News Links

Patrick — Fri, 07 Aug 2009 02:06:34 +0000

Why House Prices Will Continue To Fall (cbsnews.com)
Wages and Salaries Fell 4.7%, Most On Record (Mish)
Foreclosure wave gathers momentum (mortgage.freedomblogging.com)
Bankruptcies climbing in Minnesota, US (startribune.com)
Underwater Mortgages to Hit 48%, Deutsche Bank Says (bloomberg.com)
Drop in houseownership likely to continue (usatoday.com)
Commercial property price index posts record drop (web.mit.edu)
US Considers Saving Fannie, Freddie To Prevent Free Market Prices (washingtonpost.com)
House-Buying Risks Decline Along With the Rewards (bloomberg.com)
Mortgage-Burning Parties Almost Extinct (npr.org)
Mortgage Lender Is Suspended, and Closes (nytimes.com)
Expanded Protections for Tenants Are Upheld in Court (nytimes.com)
CNN Refusing To Run Ad Critical Of Insurance Industry (theplumline.whorunsgov.com)
Murdoch signals end of free news (news.bbc.co.uk)

Housing Crash News Links

Patrick — Thu, 06 Aug 2009 02:05:27 +0000

Collapse in Luxury Market More Revealing Than It Appears (minyanville.com)
Condo buyers find it tough to get mortgages (sfgate.com)
Are Houses Finally Cheap? (customsites.yahoo.com)
Has the housing market bottomed out? (moneyweek.com)
Underwater Mortgages to Hit 48%, Deutsche Bank Says (bloomberg.com)
American Incomes Head Down, Threatening Recovery in Spending (bloomberg.com)
Lost generation? US grads work for free, look abroad (reuters.com)
Buffet's Betrayal (blogs.reuters.com)
Banking Bonuses Are Bubble Yet to Burst (bloomberg.com)
Banks slow to modify mortgages (features.csmonitor.com)
San Francisco lawyer eyes new defendants in Madoff case (nypost.com)
The other real estate bubble (socialistworker.org)
Honest Appraisals Stymie Industry, House Buyers (washingtonindependent.com)
Fundamental Charts (newobservations.net)
Millions long for immortality (theautomaticearth.blogspot.com)

Thank You Chad A. ($10.71) and Brian M. ($11.11) for your kind but weird donations.

Housing Crash News Links

Patrick — Wed, 05 Aug 2009 02:06:49 +0000

SF Bay Area rental vacancy rates swells from 4.7% to 7.1% (realestate.yahoo.com)
End of U.S. housing slump? Not exactly (theglobeandmail.com)
Three (More) Reasons Real Estate Isn't Rebounding (investmentu.com)
Mortgage defaults on LI among worst in NY state (newsday.com)
Why We Need the Recession to Continue (minyanville.com)
Short-term bonds overpriced (bondbuyer.com)
Bernanke May Fail to Curb Inflation (bloomberg.com)
Bailout cash leads to fraud (nytimes.com)
Int'l Accounting Board Proposes Its Own Fair-Value Rule (cfo.com)
Income Loss Persists Long After Layoffs (nytimes.com)
Americans keeping chickens (nytimes.com)
How I Learned to Stop Worrying & Love Goldman Sachs (maxkeiser.com)
Cemetery In Foreclosure (voices.washingtonpost.com)

Thank You Michael G. ($20) for your kind donation.

Housing Crash News Links

Patrick — Tue, 04 Aug 2009 02:05:21 +0000

Boomers and Housing: A Symbiotic Relationship Unravels (huffingtonpost.com)
Housing Affordability and Minimum Wage Earners (lasvegassun.com)
The price of U.S. recession is paid in jobs (reuters.com)
One Dead Cat Bounce, Two Sucker Rallies to Go? (seekingalpha.com)
Is the Housing Bottom in, or is this just a Seasonal Uptick? (Mish)
Investors ignored these foreclosure discounts (mortgage.freedomblogging.com)
Economist warns China could cause commodity price slide (telegraph.co.uk)
Economic Stabilization Does Not Indicate Recovery (minyanville.com)
Rescues Unlimited: Government as Wall Street's Enabler (nytimes.com)
Why the Fed Needs to Come to Its Senses (seekingalpha.com)
What's so great about private health insurance? (latimes.com)
A Canadian doctor diagnoses U.S. healthcare (latimes.com)

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

Housing Crash News Links

Patrick — Mon, 03 Aug 2009 02:05:17 +0000

Housing Bottom? No, the Mother of All Head Fakes (finance.yahoo.com)
The CRASH is just beginning (caps.fool.com)
California's default rate soars to 9.5% (latimes.com)
Real Estate Burst bubble spatters San Diego (seattletimes.nwsource.com)
Downtown Fort Myers condo has 32 stories, and one occuppied unit (news-press.com)
Foreclosures Spread As Unemployment Rises (businessweek.com)
Housing Graphs (patrick.net)
Median price for Croton On Hudson (5t9pea.bay.livefilestore.com)
Confidence is liquidity (theautomaticearth.blogspot.com)
Ackermann Says Bad Loans Are Next Wave of Crisis (bloomberg.com)
The collapse in commercial property (economist.com)
Free OFMP, Get Yours Now (haloboyle.com)
Congress' own healthcare benefits: Membership has its privileges (latimes.com)
Public pensions draw scrutiny amid Calif. crisis (news.yahoo.com)
Bank Overexpansion Hits Brick Wall (minyanville.com)
Fannie, Freddie Regulator Says Government May Not See $85 Billion Returned (washingtonpost.com)
Any house can sell, right now, if the price is right (the-signal.com)
Geithner Can't Sell House (thedailyshow.com)
The Money On The Sidelines Fallacy (zerohedge.com)
Real Estate Photoshop jobs gone very, very wrong (sfgate.com)

Thank You Lara S. ($10) for your kind donation.

Housing Crash News Links

Patrick — Fri, 31 Jul 2009 02:05:28 +0000

Has the housing market hit bottom? (themessthatgreenspanmade.blogspot.com)
Still Skeptical That We've Seen the Housing Bottom (seekingalpha.com)
Job levels won't rebound in California until 2013 (sfgate.com)
Cities worst hit by foreclosures (money.cnn.com)
Foreclosures hit Maui hard (starbulletin.com)
Mortgage Default: Landlord Edition (motherjones.com)
Most Interesting Event Since Prices Began Decline (theaffordablemortgagedepression)
Lucrative Fees May Deter Efforts to Alter Loans (nytimes.com)
Loan Servicers Work the Fine Print in Obama Foreclosure Plan (washingtonindependent.com)
How Mortgage Lending Became An 'American Casino' (ourfuture.org)
Some Banks in Govt's "Healthy Bank" Bailout Are Struggling (propublica.org)
Ben Bernanke Was Incredibly, Uncannily Wrong (rightsidenews.com)
Forever Blowing Bubbles (theautomaticearth.blogspot.com)
How Corporates, Sellouts in Congress Have Hijacked the Health Care Debate (alternet.org)
What's Wrong With a Single-Payer System? (blogs.nytimes.com)
Estate agent turns to witchcraft (hip-consultant.co.uk)

Housing Crash News Links

Patrick — Thu, 30 Jul 2009 02:05:20 +0000

Underwater Borrowers Drowned Themselves with Refinancings (blogs.wsj.com)
Frank threatens banks to stop foreclosures (finance.yahoo.com)
Emails from Housing Hypocrites about Ethics (Mish)
Extreme makeover for appraisals (contracostatimes.com)
Commercial Real Estate Crash Looming, Says Fed (housingwire.com)
Goldman Sachs: Gambling With Your Money? (huffingtonpost.com)
Housing Staggers Toward a Bottom (minyanville.com)
House Prices Improve, But Recovery Still A Long Way Off (thefastertimes.com)
Recovery Signs in Housing Market Stir Some Hope (nytimes.com)
Housings Tequila Hangover Isnt Easily Shaken (bloomberg.com)
Prepare for more foreclosures -- many more (crainsnewyork.com)
Subprime mortgage companies warn on US foreclosures (reuters.com)
Santa Cruz condo project in trouble: contractors sue to get paid (santacruzsentinel.com)
Could the recession zap California's population boom? (sfgate.com)
Swine Flu: What I Believe (solari.com)
Real Estate Agents and Rose Tinted Glasses (healdsburgbubble.blogspot.com)
Bernanke: Why are we still listening to this guy? (youtube.com)

Housing Crash News Links

Patrick — Wed, 29 Jul 2009 02:05:19 +0000

S.F. tower's owners will forfeit it to lender (sfgate.com)
Housing: Remember the Two Bottoms! (calculatedriskblog.com)
NAR Keeps Whining About Appraisals (seekingalpha.com)
Why Housing Prices Are Essentially Meaningless (minyanville.com)
Pyrrhic Victory in June Housing Data (online.wsj.com)
Questioning the numbers on new home sales (theautomaticearth.blogspot.com)
US Consumer Confidence Falls More Than Forecast (bloomberg.com)
Secret History of the Credit Card (pbs.org)
US Pays $2.5 Trillion for Care Costing $912 Billion (bloomberg.com)
Incredible Shrinking Boomer Economy (Mish)
Foreclosures are often in lenders' best interest (msnbc.msn.com)
Top US officials seek to reassure Chinese (finance.yahoo.com)

Housing Crash News Links

Patrick — Tue, 28 Jul 2009 02:05:57 +0000

San Diego high-rise condo market goes from frenzy to fizzle (latimes.com)
Property Appraiser's Records Are NOT Accurate in Florida (eyeonmiami.blogspot.com)
Lenders failed to heed red flags (heraldtribune.com)
Loans Shrink Amid Lingering Economic Fears (online.wsj.com)
Luxury prices keep falling (chicagotribune.com)
Sell Now Or Your Capital Will Be Trapped (Charles Hugh Smith)
How to prevent flipping fraud (heraldtribune.com)
Real Treasury Yields Highest In History (Mish)
US manufacturing jobs go to China (news.bbc.co.uk)
Stock Trading Slowdown Is Steepest in Two Decades (bloomberg.com)
Health-Insurer Tax May Help Break Senate Logjam Over Obama Plan (bloomberg.com)
Whistleblower tells of America's hidden nightmare for its sick poor (guardian.co.uk)
Wall Street's Gains Equal Main Street's Loss? (huffingtonpost.com)
Our Payments Were Automatic. Stopping Them Wasn't (nytimes.com)
When Debtors Decide to Default (nytimes.com)
California still on the edge of fiscal abyss (signonsandiego.com)
The Good News and The Bad News (investmentpostcards.com)

Housing Crash News Links

Patrick — Mon, 27 Jul 2009 02:05:13 +0000

Builder Rally Fleeting as Buyers Flee (bloomberg.com)
Foreclosure rate jumps in June (signonsandiego.com)
A Smoother Look at Foreclosures and House Sales (voiceofsandiego.org)
The Great Commercial Real Estate Disaster (blogs.reuters.com)
US House Vacancies Hit 18.7 Million (Mish)
Fannie & Freddie: The most expensive bailout (money.cnn.com)
Health Care Wisdom (swampland.blogs.time.com)
Executives receive one-third of all pay in the US (thinkprogress.org)
10 Myths About Subprime (clevelandfed.org)
Bad data and the "improvement" in housing (eyeonmiami.blogspot.com)
Most Are Blind to the Mountain of Malinvestments (independent.org)
The Market Oracle (marketoracle.co.uk)
Roubini's Outlook on the Economy (pbs.org)
Default notices hit all-time high in SF area (sfgate.com)
$190,000 withdrawn in $20 bills (stuff.co.nz)
Mark Ponder, famous for local billboards, found dead (bakersfield.com)
Frugal McDougall, A Rhyme For Our Times (Mish)
Who Regulates Banks Best: Bozo the Clown or Barney Frank? (newobservations.net)

Housing Crash News Links

Patrick — Fri, 24 Jul 2009 02:05:19 +0000

Which foreign banks got the Fed's $500B? (dailybail.com)
At Long Last - Fed Explains Exit Strategy (Mish)
United States Postal Service Faces October Default Along With... (jessescrossroadscafe)
Goldman and JPMorgan, Two Winners When Rest of America Losing (robertreich)
Such a wonder, so much to plunder (theautomaticearth.blogspot.com)
How About The Truth? (thelastgoodidea.blogspot.com)
Out of house and home (latimes.com)
Ex-Lehman Trader Says Fuld Snubbed Warnings on Housing Bubble (bloomberg.com)
Seance on Wall Street (tpmcafe.talkingpointsmemo.com)
Stores Go Dark Where Buyers Once Roamed (nytimes.com)
Bernanke Says Commercial Property May Pose Risk for Economy (bloomberg.com)
Don't Bail Out Bernanke (cato-at-liberty.org)
6 US Senators Sell Out Constituents for $11 Million from Health Industry (healthcare-now.org)
Getting real: A new era of frugality (canada.com)
Eating Roadkill: Would You? (chelseagreen.com)

Housing Crash News Links

Patrick — Thu, 23 Jul 2009 02:05:31 +0000

Roubini: Economic Recovery to Be 'Very Ugly' (cnbc.com)
Visiting Pompeii, Thinking About Smoke Billowing Out Economic Mt. Vesuvius (huffingtonpost.com)
California exodus expands slightly (lansner.freedomblogging.com)
No recovery in California until 2011 (latimes.com)
Hotel foreclosures spread throughout California (sfgate.com)
St. Regis Monarch Beach seized by Citigroup (latimes.com)
Overpriced DC's Watergate Hotel draws no bids at foreclosure auction (mcclatchydc.com)
Housing Crash Is Not Over, How To Profit (seekingalpha.com)
San Fran SOMA condos may be last to recover (sfgate.com)
The king of the Florida flip (heraldtribune.com)
In Defense of Onerous Mortgage Down Payments (theaffordablemortgagedepression.com)
Rich Harvard, Poor Harvard (vanityfair.com)
Some Fear NY Fed Too Heavily Influenced by Wall Street Ideology (washingtonpost.com)
Health Insurance Lobby Cherry-Picks Data in Fight Against Public Plan (washingtonpost.com)
Socialism Vs Capitalism (blogs.reuters.com)

Thank You Daniel K. ($20) and Vivian S. ($20) for your kind donations.

Housing Crash News Links

Patrick — Tue, 21 Jul 2009 02:05:33 +0000

Housing sales data contaminated in Miami-Dade county (eyeonmiami.blogspot.com)
Another way realtors lie (bloomberg.com)
Overdevelopment Leaves Hundreds Of Apartments Vacant In Brooklyn (ny1.com)
Flippers' toll: On Gulf Coast, half a billion in defaults (heraldtribune.com)
The commercial real estate time bomb (moneyfeatures.blogs.money.cnn.com)
Economist Shiller Sees "Bad Recession," Stock Danger (moneynews.newsmax.com)
Cheaper Mortgages Spark Lower FICO Scores for Payers (bloomberg.com)
Prop 13 Bankrupted California (bondbuyer.com)
Economists' Pro-Fed Petition Discredits Its Signers (independent.org)
Subprime brokers mutate into loan fixers (msnbc.msn.com)
When Will Recovery Begin? Never. (robertreich.blogspot.com)
Govt potential bank bailout means $80K from every American (finance.yahoo.com)
TARP Special Investigator Says Bailout Total May Reach $23.7 Trillion (Mish)
Fiscal ruin of the Western world beckons (telegraph.co.uk)
More Americans Embrace Money-Saving Lifestyles (marketwatch.com)
Meet the guy who survives without money (men.style.com)

Thank You Stephanie V. ($10) for your kind donation.

Housing Crash News Links

Patrick — Mon, 20 Jul 2009 02:07:44 +0000

Big New Housing Problem: Mortgage Insurers Back Off (seekingalpha.com)
US foreclosure crisis spreads to new states (features.csmonitor.com)
Bank 'walkaways' from foreclosed houses growing (blog.cleveland.com)
Jobless rate tops 10 percent in 15 states, DC (finance.yahoo.com)
1.5 Million Will Exhaust Unemployment Benefits By Year-end (Mish)
More S.F. retirees join $100,000 pension club (sfgate.com)
Debt Man Walking (newobservations.net)
There is no hard evidence of a bottom (theautomaticearth.blogspot.com)
Supply will crush mid-to-upper priced properties in 2009 (viewfromflorida.blogspot.com)
'Flip that house' fraud cost billions (heraldtribune.com)
Should you build up your savings or repay your mortgage? (moneyweek.com)
Why Washington Ignores an Economic Prophet (newsweek.com)
Dr. Doom Still Doomful (blogs.reuters.com)
Forget inflation: Consumer prices record biggest slide since 1955 (thestar.com)
The US-China Ponzi scheme (articles.moneycentral.msn.com)
China 2009, America 2001, Rome 11BC (washingtonsblog.com)
Orwell Deleted From Kindle In Orwellian Move (nytimes.com)
Goldman Sachs posts huge profits from crisis it helped cause (dailymail.co.uk)
The Joy Of Sachs (nytimes.com)
Goldman Sachs in Talks to Acquire Treasury Department (borowitzreport.com)

Housing Crash News Links

Patrick — Fri, 17 Jul 2009 02:05:29 +0000

Bay Area prices plummet 29% in year, but seasonal blip gets headline! (sfgate.com)
Upward blip in Inland area housing prices draws mixed reactions (pe.com)
No media bias here... (patrick.net)
First half foreclosures break records (money.cnn.com)
Foreclosures at record high in first half 2009 despite aid (reuters.com)
Rising unemployment accelerates foreclosure crisis (news.yahoo.com)
Unemployment "main cause" of foreclosures (What about foolish debt?) (sun-sentinel.com)
Cisco cutting 700 employees at HQ (marketwatch.com)
House Ownership Was Never a Road to Riches (online.wsj.com)
'Unknown' bank CIT could go bust - making the US recession worse (moneyweek.com)
Gov't is not going to rescue CIT again (blogs.reuters.com)
Taxes pay Goldman bonuses: Ain't life grand? (theautomaticearth.blogspot.com)
Unlocking the Apartment 'Warehouse' in NY (gothamgazette.com)
CalPERS sues credit-rating firms over $1 billion in investment losses (latimes.com)
This isn't a recession, it's a collapse (seekingalpha.com)
Global Economic Meltdown, Political Unrest (globalpost.com)
The Seigniorage Curse (gregor.us)

Thank You Perrin G. ($25) and Anthony F. ($20) for your kind donations.

Housing Crash News Links

Patrick — Thu, 16 Jul 2009 02:05:30 +0000

Upscale house sales lag as jumbo loans are hard to get (usatoday.com)
Foreclosures in Silicon Valley continue to climb (mercurynews.com)
Peak to Trough Case Shiller and CAR House Price Declines (Mish)
No one puts down 20% anymore. It's all FHA with 3% down. (patrick.net)
FHA/Ginnie Mae mortgage bonds enjoy boom at taxpayer risk (latimes.com)
Subprime debt's new threat to housing (articles.moneycentral.msn.com)
Option-ARMs worse than subprime (themessthatgreenspanmade.blogspot.com)
South LA apartment rents fall in 2nd quarter (dailybreeze.com)
Struggling Landlords Leaving Repairs Undone (nytimes.com)
Obama Considers New Mortgage Solution: Own-To-Rent (businessinsider.com)
Middle-class couple posed as buyers, move in as squatters, refuse to pay (dailymail.co.uk)
Understanding Financial Crisis Through Accounting Models (PDF - uni-muenchen.de)
Banks Resist Regulation: Chutzpah on Steroids (nytimes.com)
The bank was saved, but the people were ruined (theautomaticearth.blogspot.com)
Michael Shedlock on Alex Jones Show - Bernanke's Big Scam (revolutionarypolitics.com)
Federal Reserve is the black hole in democracy (dailybail.com)
$1 Trillion Deficit Complicates Obama's Agenda (online.wsj.com)
Great pits of the world (agonist.org)
Squashed (jsmineset.com)

Thank You Pulkit D. ($35) for your kind donation.

Housing Crash News Links

Patrick — Wed, 15 Jul 2009 02:05:21 +0000

California foreclosure sales increase 24.7 percent (centralvalleybusinesstimes.com)
How to Sort of Predict Housing Prices (economix.blogs.nytimes.com)
Mansion Glut in Pelosi's San Francisco Neighborhood Slows Sales (bloomberg.com)
What's the Real CPI? (Mish)
Landlords' new weapon: financial education (latimesblogs.latimes.com)
Hawaii might not have reached bottom yet (mauinews.com)
Investing short term funds for higher returns (money.cnn.com)
US budget deficit at $1 trillion (news.bbc.co.uk)
April Showers Bring No Spring Flowers in NY (paper-money.blogspot.com)
Remember The 40-Hour Work Week? (businessinsider.com)
U.S. mulling mortgage aid for unemployed (reuters.com)
Silicon Valley Job Listings Way Down (dice.com)
10 Reasons Employment Is Worse Than You Think (finance.yahoo.com)
Average length of unemployment highest since 1948 (online.wsj.com)
The Mystery of the Missing Unemployed Man (huffingtonpost.com)
Flood of money buoys Beijing property bubble (moneyweek.com)
Econophysicist Predicts Date of Chinese Stock Market Collapse (technologyreview.com)
Time to tackle the real evil: too much debt (news-to-use.com)
Meth lab houses harm new owners (msnbc.msn.com)
Meth Lab Houses (methlabhomes.com)

Housing Crash News Links

Patrick — Tue, 14 Jul 2009 02:05:31 +0000

"Green Shoots" are marketing BS (suburbanchicagonews.com)
Housing - How Far To The Bottom? (Mish)
Graphs from Brevard County, FL (patrick.net)
O.C. bankruptcy filings jump 62% in May (jan.freedomblogging.com)
High-priced houses continue their drag on real estate market (islandpacket.com)
Lenders Walking Away (calculatedriskblog.com)
Only Forceful Action Can Change Foreclosure Crisis (washingtonindependent.com)
Legal to ban underwater owners from renting out? (bemidjipioneer.com)
Chicago housing prices drop even faster (chicagotribune.com)
How the Tech Boom Terminated California's Economy (fastcompany.com)
Real estate market still in decline (fosters.com)
Fear of default rocks Saudi corporates (gulfnews.com)
Tight Mortgage Rules Exclude Even Good Risks (nytimes.com)
For Goldman, Owning Government Proves Good Business Plan (nytimes.com)
Make Congressmen READ The Bills Before They're Law (downsizedc.org)
Read the Bills Act (en.wikipedia.org)
Bubble graphs in video (nickgogerty.typepad.com)
Wells Fargo Bank Sues Itself (foxbusiness.com)
100 Abandoned Houses (100abandonedhouses.com)

Thank You Uttam S. ($35) for your kind donation.

Housing Crash News Links

Patrick — Mon, 13 Jul 2009 02:05:24 +0000

Lenders' latest foreclosure strategy: waiting (heraldtribune.com)
More trouble ahead for overpriced housing (blogs.moneycentral.msn.com)
We may enjoy a Double Dip Case-Shiller Decline (blogs.wsj.com)
Good News In Housing: Price Reductions Are Proliferating (time.com)
Million-dollar houses are having trouble selling at last year's prices (twincities.com)
Housebuyers remain fearful, with good reason (denverpost.com)
Beazer Homes was a veritable crime wave (nytimes.com)
You see a for rent sign almost on every corner (huntingtonhomes.freedomblogging.com)
Health coverage or rent? O.C. residents have to choose (ocregister.com)
Critics target recipients of CA six-figure public pensions (latimes.com)
Houseowners Associations: California - Myth and reality (ahrc.se)
26% of house mortgage defaults 'strategic' (sfgate.com)
Prices fall in LA County for first time in 13 years (latimesblogs.latimes.com)
Maui wipeout: Residents swept in debt (mauinews.com)
Buffetts Most-Watched Index Takes a Tumble (bloomberg.com)
Idling ships clog up Singapore shores (news.bbc.co.uk)
Kohn warns Congress on meddling in Fed's affairs (reuters.com)
How Average US Consumer Spends Paycheck (visualeconomics.com)
Realtors Might Not Have Your Best Interests At Heart (millionairemommynextdoor.com)
Would you pledge your soul as loan collateral? (news.yahoo.com)

Thank You Anurag B. ($15) for your kind donation.

Housing Crash News Links

Patrick — Fri, 10 Jul 2009 02:05:42 +0000

Expect More House Price Declines Almost Everywhere (blogs.wsj.com)
Let's Treat Borrowers Like Adults (online.wsj.com)
Continuing Jobless Claims Hit Record, Auto Industry Supresses New Claims (cnbc.com)
Layoff fears keep buyers out of market (freep.com)
Manhattan Rents Decline as Unemployment Cuts Demand (bloomberg.com)
Mortgage Defaults: Many Are Intentional (time.com)
Former Asst Treasury Secretary comments on bailouts, dollar, Goldman Sachs (Mish)
Goldman Sachs Loses Grip on Its Doomsday Machine (bloomberg.com)
Is Trading Sabotage About To Destroy Goldman Sachs? (zerohedge.blogspot.com)
Debate about deflation (theautomaticearth.blogspot.com)
Next Shock Coming: Commercial Real Estate (voices.washingtonpost.com)
US Lawmakers Sound Alarm About Commercial Real Estate Market (nasdaq.com)
Property Taxes Fall in California (calculatedriskblog.com)
Undocumented income makes it hard to get a loan (sfgate.com)
Legalize Marijuana and Solve California's Budget Crisis (usnews.com)
Arnold Bucks (couragecampaign.org)

Thank You C. H. ($10), Russ and Sheila ($40), and Sunil M. ($10) for your kind donations.

Housing Crash News Links

Patrick — Thu, 09 Jul 2009 02:08:25 +0000

U.S. Housing Market Is Cursed by Brain Freeze (bloomberg.com)
"Shadow" Inventory In FL Keys Not Found On MLS (rocktrueblood.blogspot.com)
Large condo association bankruptcy (dailybusinessreview.com)
Apartment Vacancy at 22-Year High in U.S. (bloomberg.com)
Harlem's Real Estate Boom Becomes a Bust (nytimes.com)
The New Subprime (fool.com)
Comparing Job Losses and Investment Opportunities in Recessions (Mish)
Not Your Father's Recession (americanthinker.com)
Should You Bet Against the Dollar? (online.wsj.com)
US Continues to Experience Real Price Deflation (theaffordablemortgagedepression.com)
'Worst to come' warning as G8 leaders gather (google.com)
Appraisal claim is a tough sell (heraldtribune.com)
U.S. mortgage fraud 'rampant' and growing-FBI (reuters.com)
Michael Lewis on AIG (vanityfair.com)
Don't blame Bob Shiller for death of housing market (money.cnn.com)
America's life-settlement industry: From mortgages to mortality (economist.com)
Senate Leadership Blocks Federal Reserve Audit (ronpaul.com)
Conyers Health Reform Bill HR 676 (conyers.house.gov)
Market crash drives will to kill (business.watoday.com.au)
Gary: Landlord of the Flies (strangerthaneviction.tumblr.com)

Thank You Anonymous ($35) and Bruce B. ($10) for your kind donation.

Housing Crash News Links

Patrick — Wed, 08 Jul 2009 02:05:27 +0000

U.S. House Prices to Fall Through 2011's First Quarter (bloomberg.com)
House foreclosures expected to surge in coming months (chicagotribune.com)
America's Fastest-Falling Neighborhoods (forbes.com)
Big box closures leave big blight across U.S. (msnbc.msn.com)
Delinquencies on U.S. House-Equity Loans Reach Record (bloomberg.com)
Consumer loan delinquencies continue to rise (news.yahoo.com)
Tell Wells Fargo, Bank of America, JP Morgan, and Citigroup to Go to Hell (Mish)
Banks let foreclosures rot, then complain about fines (signonsandiego.com)
Big Banks Don't Want California's IOUs (online.wsj.com)
California Credit Rating Cut Close to Junk After IOUs (bloomberg.com)
Fitch Downgrades State of California Credit Rating (businesswire.com)
U.S. House May Include Surtax on Wealthy in Health-Care Package (bloomberg.com)
Inflation, the least of your worries (theautomaticearth.blogspot.com)
Credit Expansion, Crisis, and the Myth of the Saving Glut (marketoracle.co.uk)
10 Things Your Real Estate Broker Won't Say (smartmoney.com)
Gamer steals from virtual world to pay real debts (independent.co.uk)

Thank You Michael N. ($10) for your kind donation.

Housing Crash News Links

Patrick — Tue, 07 Jul 2009 02:05:06 +0000

Where is reward for hero class that never got into debt? (eyeonmiami.blogspot.com)
New Affordable FHFA Loan Program Sounds Like Predatory Lending (seekingalpha.com)
The unbearable mightiness of deflation (theautomaticearth.blogspot.com)
No Amount of Stimulus Will Work (Mish)
New Rule Lets Goldman Sachs Control Stock Prices Unmolested (alternet.org)
The Great American Bubble Machine (rollingstone.com)
Plenty More Downside In Real Estate (businessinsider.com)
Bad signs for commercial real estate (idahobusiness.net)
High-rises on hold: What to do with empty lots? (sfgate.com)
In California, mortgage scammers find easy pickings (latimes.com)
Bankruptcies low in states that don't seize wages (news.yahoo.com)
Banks avoid property taxes, capital loss by only pretending to foreclose (healdsburgbubble)
Honest appraisal rules irk Realtors (heraldtribune.com)
Realtor Sucks (realtorsucks.com)
Ruins of the Second Gilded Age (nytimes.com)
Universal health insurance should be eminently affordable (nytimes.com)
Rising U.S. debt may be next crisis (houmatoday.com)
Of Course We're Not Going To Pay Back The Chinese! (dailybail.com)

Housing Crash News Links

Patrick — Mon, 06 Jul 2009 02:05:12 +0000

America's Most Troubled Luxury Neighborhoods (abcnews.go.com)
Mid-to-High End Housing Capitulates in CA (fieldcheckgroup.com)
Upscale San Diego Neighborhoods See More Defaults (directoryofsandiego.com)
Fiscal crisis tarnishes Golden State's image (sfgate.com)
Eight reasons why CA budget's in bad shape (venturacountystar.com)
OK, Lets Talk Prop 13 (citywatchla.com)
Profiting from an Irvine bank failure (mortgage.freedomblogging.com)
Zero money down, not subprime loans, led to the mortgage meltdown (online.wsj.com)
Another wave of foreclosures is poised to strike (latimes.com)
So Many Foreclosures, So Little Logic (nytimes.com)
Vacancies give renters room to negotiate (latimes.com)
Washington Post digs their integrity grave a little deeper (slycapital.com)
In Case You Were Insufficiently Depressed About Job Numbers (voices.washingtonpost.com)
June Economic Summary in Graphs (calculatedriskblog.com)
Chinese drywall blamed for odors and corrosion in U.S. houses (latimes.com)
Glut of oil could push gasoline prices back down below $2 a gallon (latimes.com)
State of Florida aided suspect in huge swindle (miamiherald.com)
Tax appeals slam local governments (msnbc.msn.com)
The Housing-Bubble and the American Revolution (nytimes.com)
Stimulus Not Producing Fireworks (jsmineset.com)

Housing Crash News Links

Patrick — Fri, 03 Jul 2009 02:05:19 +0000

California rolls out $3.36 billion in IOUs today (sfgate.com)
Reduce your California Withholding NOW! (watchingmarcitz.com)
San Francisco has recession's 1st distressed office sale (sfgate.com)
NY City apartment sales down over 50 percent (reuters.com)
Reports show Manhattan apartment prices tumble by double digits (sun-sentinel.com)
Washington Post cancels lobbyist event amid payoff uproar (politico.com)
House Prices Fall Again (noozhawk.com)
Bear Market in US Housing to Last Years (rosemanblog.sovereignsociety.com)
Housing market remains weak (dailyfinance.com)
Payrolls Fall More Than Forecast, Unemployment Rises (bloomberg.com)
Jobless picture leaves recovery on shakier ground (marketwatch.com)
10 Things We Know FOR-clo-SURE (blog.youwalkaway.com)
Oil prices tumble as Europe and the US shed jobs (finance.yahoo.com)
Sweden Cuts Deposit Rate to NEGATIVE .25% (Mish)
Bank Failure Thursday (blogs.reuters.com)
Shotgun Marriages Raise Risk of New Bank Blowups (bloomberg.com)
Hotel Loan Defaults Double as Recession Cuts Travel (bloomberg.com)
Foreclosure is a problem for celebrities too (msnbc.msn.com)
The Science of Economic Bubbles and Busts (scientificamerican.com)

Thank You Steven B. ($20) and Bill B. ($20) for your kind donations.

Housing Crash News Links

Patrick — Thu, 02 Jul 2009 02:05:32 +0000

Updated: Case-Shiller 100-Year Chart (ritholtz.com)
San Diego house prices sliding at slower pace (signonsandiego.com)
Insured Mortgage Defaults Resume Upward Climb (cnbc.com)
Expensive Houses Languish (time.com)
Gloomy U.S. consumers clip housing recovery hopes (reuters.com)
US Mortgage Applications Fall 19% (bloomberg.com)
California Misses Deadline to Avoid Issuing Need IOUs (bloomberg.com)
Obama Administration Expands Future Forclosee Program (washingtonpost.com)
3 bad reasons to buy a house (articles.moneycentral.msn.com)
Has the "Hard Money" In Bonds Been Made? (Mish)
Another Citigroup Scandal As Usual (seekingalpha.com)
Eyesores next door take shine off dream houses (9news.com)
Hotel Loan Defaults Double as Recession Cuts Travel (bloomberg.com)
Government Stock Market Manipulation (sott.net)
No 'Club Fed' for Madoff (dailyfinance.com)
Bank Run Teaches Amish About the Risks of Modernity (online.wsj.com)
How to Steal Billions in Plain View (old but good - lewrockwell.com)
How to pick an agent (njrereport.com)

Thank You Robert D. ($10) and Richard U. ($7.77) for your kind donations.

Housing Crash News Links

Patrick — Wed, 01 Jul 2009 02:05:41 +0000

House prices post 18.1 percent annual drop in April (finance.yahoo.com)
Case Shiller April Shows Slight Moderation In Rate Of Decline (businessinsider.com)
Next Segment of Housing Market to Crash: $1 Million McMansions (finance.yahoo.com)
Loan Delinquencies Double on Prime Loans (Mish)
Delinquencies Double on Least-Risky Loans, US Says (bloomberg.com)
House Sales Didn't Soar in San Diego: Realtor Data Had "Errors" (online.wsj.com)
Consumer Confidence in U.S. Slipped in June (bloomberg.com)
No recovery for US property markets until 2017 (reuters.com)
How maths killed Lehman Brothers (plus.maths.org)
Can a Market Crash Save Us from Hyperinflation? (seekingalpha.com)
States brace for shutdowns (latimes.com)
20 Million Vacant Houses and Squattertown, USA (Charles Hugh Smith)
Well so much for that grand idea (richudell.com)

Thank You Michael M. ($10) for your kind donation.

Housing Crash News Links

Patrick — Tue, 30 Jun 2009 02:05:23 +0000

Realty fervor takes aim at reality (articles.moneycentral.msn.com)
Sellers Hallucinate About Future Prices (businessinsider.com)
Waiting for Godot in the Real Estate Market (financialarmageddon.com)
Loan Mod Vs Walking away (housing-kaboom.blogspot.com)
Why We Need Deflation (seekingalpha.com)
BofA wording may cause more foreclosures (bizjournals.com)
Buffett, Soros Resisted Temptation as Housing Lust Raged (bloomberg.com)
Madoff gets 150 years, Picower quietly keeps all the loot (latimes.com)
'Pretty Boy' Paulson and the Goldman Gang Rob America (marketwatch.com)
Paper Avalanche Buries Plan to Stem Foreclosures (nytimes.com)
Attorneys advise clients to stay in their houses without paying (heraldtribune.com)
The Medical Cost Conundrum (newyorker.com)
Insurance Companies' Schemes To Deny Coverage (nytimes.com)
Appraisers attack requirement for honesty (orlandosentinel.com)
How Many Houses for Sale In Pacifica Really? (pacificariptide.com)
Empty Houses for the Homeless? (pbs.org)
Personal bankruptcies surge in Southern California (latimes.com)
Mounting jobless claims force states to borrow (reuters.com)
Fiscal crisis puts Prop. 13 up for discussion (sfgate.com)
Sears to Let Jobless Stop Payments, Still Keep Fridge (bloomberg.com)

Housing Crash News Links

Patrick — Mon, 29 Jun 2009 02:05:38 +0000

For Sale, Still: Grand Houses In Gracious Neighborhoods (washingtonpost.com)
FDIC's Bair Cancels Listing After Cutting House Price (online.wsj.com)
Tishman Speyer May Lose Silicon Valley Land After Default (bloomberg.com)
Developer defaults leave potholes behind (charlotteobserver.com)
Mortgage defaults in America: Can pay, won't pay (economist.com)
Uh-Oh, Here We Go Again? (fool.com)
New TV show gives houseowners the cold truth (sfgate.com)
Temporary Bailouts Tend To Become Permanent (blogs.reuters.com)
Embrace Deflation - It's The Cure, Not The Problem (Mish)
Unemployment Soaring (theautomaticearth.blogspot.com)
California Income Gaps Continue To Widen (PDF - cbp.org)
Recovery When? How About If? (americanthinker.com)
Bringing Transparency to the Federal Reserve (cato.org)
Billions to Banks - The AIG Insurance Bailout (gimmiethescoop.com)
Jeffrey Picower benefitted from Madoff scam more than Madoff (msnbc.msn.com)
Canadian housing market still on very shaky ground (macleans.ca)
There Is No Market In Health Care (patrick.net)
Reviving Do-It-Yourself Building (newgeography.com)
Credit Card Hell (click to enlarge - mint.com)
I should buy your house for next to nothing (dilbert.com)

Thank You Gnanadeep K. ($10) for your kind donation.

Housing Crash News Links

Patrick — Fri, 26 Jun 2009 02:05:16 +0000

New house sales in May down 33% from last year (money.cnn.com)
4 of America's nastiest housing busts (articles.moneycentral.msn.com)
Graph of Equity in Household Real Estate (ritholtz.com)
Value of commercial real estate back to 2004 levels (sfgate.com)
More reasons not to believe the NAR (themessthatgreenspanmade.blogspot.com)
The NAR's Appalling Fight Against Honest Appraisals (businessinsider.com)
Real Estate Associations Want Appraisers To Inflate House Prices (huffingtonpost.com)
Bloomberg Buys the Discredited Realtor Lobby's Spin (cjr.org)
The Tyranny of Mark-to-Market Rules for Houses (reason.com)
Banksters Polishing Their Sleazy Image (bloomberg.com)
Goldman Sachs Manipulating Markets Since Depression (zerohedge.blogspot.com)
Instead of Real Financial Reform, Obama capitulates to Wall Street (globalresearch.ca)
World Real Estate Markets In The First Quarter (nuwireinvestor.com)
The 13 Most Distressed Cities Of The Super-Rich (forbes.com)
With housing still tumbling, what's best way to gauge prices? (latimes.com)
The path to recovery is getting narrower (marketwatch.com)
Living without credit cards (msnbc.msn.com)
Housing, unemployment woes leave movers shaken (sfgate.com)
Pensioners kidnap and torture their financial adviser (dailymail.co.uk)
US To Trade Gold Reserves For Cash Through Cash4Gold.com (theonion.com)

Housing Crash News Links

Patrick — Thu, 25 Jun 2009 02:05:42 +0000

Warren Buffett Says "We've had no bounce" (cnbc.com)
Commercial real estate: The day the mall died (examiner.com)
Why Palo Alto Housing Will Fall 30% or More (reallyfuckedhomeowner.com)
Values to be cut on more than 12,000 Marin properties (marinij.com)
Not Paying the Mortgage, Yet Stuck With the Keys (washingtonpost.com)
15,000 ignored foreclosures in Florida discovered (dailybusinessreview.com)
Fannie, Freddie asked to plant seeds of future foreclosures (reuters.com)
Rise In House Sales May Not Really Exist (pbs.org)
Sales of used houses in US fall in May (latimes.com)
Church attendance soars! (On Sundays only) (theautomaticearth.blogspot.com)
On The "Bank Holiday" Possibility (marketwatch.com)
Slowing Down Financial System May Be What Doctor Ordered (miller-mccune.com)
US Federal Budget Pipeline: Where Do The Dollars Drain? (globalresearch.ca)
Multi-millionaire walking away (miamiherald.com)
Mortgage Fraud Site (mortgagefraud.org)
Long Term Buy And Hold Is Still Bad Advice (Mish)
Outlook for US House Prices by Metro Area (PDF - matrix.millersamuel.com)
Public health plan could save money faster (news.yahoo.com)
Universal Healthcare? Don't Be Silly! (oldamericancentury.org)

Housing Crash News Links

Patrick — Wed, 24 Jun 2009 02:05:25 +0000

Learning To Love Falling House Prices (blogs.reuters.com)
US House Prices Drop 6.8% in April as Foreclosures Rise (bloomberg.com)
Sacramento area misses move-up homebuyers -- they're staying put (sacbee.com)
Golden State losing folks as old Dust Bowl beckons (sacbee.com)
Calif unemployment climbs to record 11.5 percent (sfgate.com)
Jobless pain continues in most states in May (reuters.com)
House Prices Could Fall for 5 Years (money.aol.com)
US "recovery" distressingly slow (reuters.com)
Appetite for risk may have returned, but crisis not over (economist.com)
Does the Obama Plan for Reforming Wall Street Measure Up? (robertreich.blogspot.com)
Big Brother in Basel: Trading Stability for National Sovereignty? (globalresearch.ca)
Top Chinese banker suggests that US issue bonds in yuan (telegraph.co.uk)
Yesterday's nectar, today's killer (thehindubusinessline.com)
Fortune Magazine warns about bond bubble (seekingalpha.com)
Were Smugglers Trying To Dump Japan's US Bonds? (turnerradionetwork.com)
World economy tracking or doing worse than during Great Depression (voxeu.org)
Agent Refuses To Work By Hour (patrick.net)
Simply Mandating Health Insurance Will Not Work (slate.com)

Thank You Carla Jewelry ($20) and Laszlo Z. ($25) for your kind donations.

Housing Crash News Links

Patrick — Tue, 23 Jun 2009 02:05:10 +0000

No recovery for US property markets until 2017 (reuters.com)
Cracks seen in foundation of US housing recovery (theglobeandmail.com)
Economist: bigger crash is coming (abc.net.au)
Paul Krugman's fear for lost decade (guardian.co.uk)
Housing Eludes Recovery as Job Losses, Foreclosures Climb (bloomberg.com)
Lingering Unemployment Likely to Challenge Obama (washingtonpost.com)
One solution: full recourse to every borrower (housingdoom.com)
The Big Inflationist Scare (Mish)
The pangs of low interest rates (haaretz.com)
Why higher interest rates are coming (money.cnn.com)
Credit Default Swaps and Too Big to Fail or Unwind (us1.institutionalriskanalytics.com)
Goldman Sachs Issues Non-Apology for Destroying World Economy (alternet.org)
Goldman Sachs to make record bonus payout (guardian.co.uk)
Bagmen and Boardrooms (theautomaticearth.blogspot.com)
Bankster Bailouts Exceed 200 Years Of Government Spending (blacklistednews.com)
Can the US pay it back? (macleans.ca)
Nobody Knows Which Banks Are Solvent (lrb.co.uk)
In Poll, Wide Support for Government-Run Health (nytimes.com)
Why I want to buy a house in Flint, Mich. (slate.com)
A Snake Eating Its Own Tail (kunstler.com)

Thank You Nancy M. ($15) and anonymous ($100) for your kind donations.

Housing Crash News Links

Patrick — Mon, 22 Jun 2009 02:05:59 +0000

Patrick is traveling again. News back tomorrow.

Housing Crash News Links

Patrick — Fri, 19 Jun 2009 02:06:05 +0000

California's Millionaire Clearinghouse Problem (paul.kedrosky.com)
Slump Dashes Oregon Dreams of Californians (nytimes.com)
Foreclosure Sales Steadily Climbing in California (rismedia.com)
Housing inventory increase expected (lvrj.com)
No 'significant recovery' in house prices as lending falls (telegraph.co.uk)
Houses Still Cost Too Much (alternet.org)
Pavlov's Dog and Jim Cramer's Call of the Bottom in Housing (Charles Hugh Smith)
Senator Shelby Calls Fed's Expertise "Grossly Inflated" (Mish)
Obama's Financial Regulatory Reform (market-ticker.denninger.net)
The regulation problem: lack of accountability (politico.com)
Overhaul Would Give the Fed Powers Over Wall Street (moneymorning.com)
Connecticut AG Targets Servicing Practices at Fannie, Freddie (housingwire.com)
Builders conference has a gloomy mood (sfgate.com)
Why housing and finance can't fix their mess (slate.com)
The American Empire Is Bankrupt (truthdig.com)
Debt pushes millions below poverty line (sfgate.com)
40 ways to lose your future (theautomaticearth.blogspot.com)
The Unfortunate Location (nytimes.com)
Adding For Sale Signs To Empty Houses (patrick.net)
Think $134 Billion Bond Smuggling Is Big? Try $2.5 Trillion (deathby1000papercuts.com)

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

Housing Crash News Links

Patrick — Thu, 18 Jun 2009 02:05:13 +0000

New CA Foreclosure freeze (sfgate.com)
California Foreclosure Moratoriums An Exercise Of Stupidity (Mish)
California's New House Tax Credit Running Out (blogs.wsj.com)
Millionaire Houses May Lose Value Until 2012 (bloomberg.com)
New York House Prices Forecast To Drop 40% More (time.com)
KB, Countrywide sued over inflated house prices (sfgate.com)
Housing starts "soared" in May? Hardly! (themessthatgreenspanmade.blogspot.com)
High Housing Starts Don't Reflect Reality (finance.yahoo.com)
Worst Housing Number in Decades: What Is Media Smoking? (seekingalpha.com)
Thoughts On Walking Away From Upside Down Mortgage (housingcrashhub.com)
Banks accept 66% of debt value at foreclosure auctions (mortgage.freedomblogging.com)
Inconsistencies in the $134 billion bearer bond mystery (seekingalpha.com)
Unemployment sharply increasing (theautomaticearth.blogspot.com)
Germany's Subprime Crisis Blamed On US (us1.institutionalriskanalytics.com)
"Greenspan needs to create a housing bubble" from 2002! (nytimes.com)
Health Care Rationing Rhetoric Overlooks Reality (nytimes.com)
Senator Sanders Single-Payer Health Care Petition (sanders.senate.gov)
How I Became an Accidental Slumlord (newsweek.com)
$134B Bond Smuggers are US's 4th Largest Creditors If Real (dailykos.com)
Women who rent weigh 12 lbs less (canada.com)

Thank You Brian O. ($15) for your kind donation.

Housing Crash News Links

Patrick — Tue, 16 Jun 2009 02:05:23 +0000

San Francisco: Credit Squeeze Stalling Deals (nuwireinvestor.com)
The California question: To tax or not to tax? (contracostatimes.com)
Lake Las Vegas sees climbing foreclosures, falling values (lvrj.com)
Foreclosure problems still increasing in FL (heraldtribune.com)
Foreclosure 3rd wave (dailybusinessreview.com)
Is the housing bust about to take Manhattan? (reuters.com)
High-end houseowners now feeling the pinch (signonsandiego.com)
Tycoon has $21M house taken England's biggest repossession (dailymail.co.uk)
The Bear Market Never Ended (finance.yahoo.com)
The Debt Conundrum (seekingalpha.com)
Two crash book reviews (nytimes.com)
Another crash book review (examiner.com)
Wealth of Baby Boom Cohorts After Collapse of Housing Bubble (scribd.com)
Three Not-So-Optimistic Economists (huffingtonpost.com)
Infill in US Urban Areas (newgeography.com)
Recover, Bubble, Reform, Fumble (theautomaticearth.blogspot.com)
Smuggling $134 billion in T Bills? Woah! (bloomberg.com)
DoD: Protests are "Low-Level Terrorism" (open.salon.com)

Thank You Don and Jas ($75) for your kind donation.

Housing Crash News Links

Patrick — Mon, 15 Jun 2009 02:05:19 +0000

Gloom Over California House Prices Hard to Shake (cnbc.com)
Painful months ahead for housing? (mortgage.freedomblogging.com)
Graph of Prices In Westchester County, NY (patrick.net)
Tampa Bay real estate still threatened by rising rates, unemployment (tampabay.com)
Beware of Neighbor's Foreclosure (nytimes.com)
Buyers band together to negotiate with builders (therealdeal.com)
And Now, It's Crunch Time for Timeshares (nytimes.com)
Second mortgages: Lines of danger? (ocregister.com)
Proposal to bulldoze empty houses (telegraph.co.uk)
Median House Prices In Detroit Fall To $6,000 (Mish)
How banks lose on a sure-fire bet (econbrowser.com)
How Banks Are Gaming The Real Estate Market (exiledonline.com)
Top House Members Disclose Investments in Bailed-Out Banks (washingtonpost.com)
Senators Involved With Health Care "Reform" Have Industry Ties (huffingtonpost.com)
Congresswoman's abandoned house angers neighbors (latimes.com)
In Denmark, they pursue your mortgage debt for rest of your life (housingdoom.com)
Investors Rebuke Feds: Get Ready For Higher Interest Rates (cbsnews.com)
The Fed Might Have Painted Itself into a Corner (mises.org)

Thank You Mike ($25) for your kind donation.

Housing Crash News Links

Patrick — Fri, 12 Jun 2009 02:05:11 +0000

Vultures descend on mortgage market (blogs.moneycentral.msn.com)
Mortgage Market Remains Solidly Frozen (Mish)
Could Net Equity Of All US Housing Fall To Zero? (theaffordablemortgagedepression.com)
Option ARMs, Coming House To Roost (thelastgoodidea.blogspot.com)
US Foreclosure Filings Top 300,000 as Bank Seizures Loom (bloomberg.com)
May foreclosures third highest on record (reuters.com)
Hawaii foreclosures set record (starbulletin.com)
Neighbors are forcing neighbors into foreclosure over HOA dues (sacbee.com)
Bondholders Face Losses From Commercial Mortgages (bloomberg.com)
Back to the future house prices (contracostatimes.com)
AIG's bailout bash resort faces foreclosure sale (latimes.com)
Pros and Cons of Canadian Health Care (nytimes.com)
California nears financial meltdown as revenues tumble (reuters.com)
The Smart Way to Save Amid Low Interest Rates (smartmoney.com)
One simple four letter word (theautomaticearth.blogspot.com)
The Economy on the Edge (bbc.co.uk)
Jim Grant about the Fed (optionarmageddon.ml-implode.com)

Housing Crash News Links

Patrick — Thu, 11 Jun 2009 02:05:16 +0000

Median house prices drop below 1989 levels in some parts of So. Cal. (latimes.com)
Marin County heading for castastrophic fall in upper end house prices (examiner.com)
California Has Highest Taxes Yet Overspends (Mish)
Baby Boomers: It's All Your Fault (blog.newsweek.com)
Unemployment To Peak In 2010 (finance.yahoo.com)
Fed Would Be Shut Down If It Were Audited (finance.yahoo.com)
Fed's Mortgage Price-Fixing Failing (businessweek.com)
Mortgage-Bond Yields Climb to New High Since Fed's Buying Plan (bloomberg.com)
Investigators say the Fed threatened bank CEO (finance.yahoo.com)
Congressional Oversight Panel says stress tests not stress-y enough (ftalphaville.ft.com)
Bank stress tests are bogus (theautomaticearth.blogspot.com)
Economists disparage foreclosure bailouts (mortgage.freedomblogging.com)
Impact of Falling Prices on Bubble Equity (theaffordablemortgagedepression.com)
Senators Want Taxpayer Gift To Future Foreclosees To Rise To $15,000 (bloomberg.com)
Mortgages: Now You Can Find Out Who Owns Yours (cnbc.com)
Homebuyers Crash Into Appraisal Roadblock (minyanville.com)
Response to the "Market Failure" Drones (mises.org)
State of the Economy June 2009 (newgeography.com)
More Accounts Behaving Badly (nytimes.com)
PBS show coming soon: Breaking The Bank (pbs.org)

Housing Crash News Links

Patrick — Wed, 10 Jun 2009 02:05:25 +0000

Hank Paulsen Is a Prick Who Took Down the Economy (alternet.org)
Fed to Hire PR Wizard to Fight Against HR 1207 (blacklistednews.com)
Eight Step Program to Improve Fed's Image (Mish)
Rising bond rates a concern but they're not too high yet (money.cnn.com)
Bloomberg's Government Bond Rates (bloomberg.com)
Maui's house sales kept plunging in May (starbulletin.com)
Maui house, condo resales plunge 40 percent (honoluluadvertiser.com)
Distressed property cuts other Calif. prices (lansner.freedomblogging.com)
East Bay tech jobs melting away (contracostatimes.com)
Beware Real Estate False Bottoms (fieldcheckgroup.com)
Not over by a long shot (theautomaticearth.blogspot.com)
Next foreclosure wave defaults on fixed-rate loans (lasvegassun.com)
Equity Since the Housing Bubble's Inception (theaffordablemortgagedepression.com)
Let's Bail Out Fools So They Can Do It Again (latimes.com)
Health-Care Change Won't Swell Deficit, Orszag Says (bloomberg.com)
This Old Healthy House (well.blogs.nytimes.com)
In reverse mortgages, benefits and pitfalls (heraldtribune.com)
A Crisis of Rhetorical Proportions (kybiz.com)
Minneapolis man accidentally boarded in his house (startribune.com)
Toll Brothers destroying the land (youtube.com)

Thank You Kha L. ($10) for your kind donation.

Housing Crash News Links

Patrick — Tue, 09 Jun 2009 02:05:14 +0000

Costly San Francisco area neighborhoods seeing biggest price cuts (sfgate.com)
Key West High End Real Estate Equity Vanishes (rocktrueblood.blogspot.com)
Increasing Numbers of Houseowners Withholding Mortgage Payments? (rismedia.com)
Owner Of Upscale San Deigo W Hotel Walks Away From Mortgage (dailybail.com)
Housing Recovery: Not So Fast (businessweek.com)
It won't stop where you would like it to (theautomaticearth.blogspot.com)
House Prices Likely To Crash Through Fair Value (businessinsider.com)
Parents Pulling Plug On Trust-Funders (nytimes.com)
Good News Of Rising Rates Completely Ignored By Yahoo News (finance.yahoo.com)
The Committee to Reinflate the Bubble Owns Your Senator (nrd.nationalreview.com)
Renting Is Not Throwing Money Away (messymatters.com)
Amazing Debt Graph (cotohousingblog.com)
Taxpayers gift of cash at closing to future foreclosees (latimes.com)
Thought Experiment: Governing by Prediction Markets (miller-mccune.com)
Rewriting The Oil Stock Story (newgeography.com)
Vehicle fraud cases "heat up" amid economic downturn (latimes.com)
The Learjet repo man (salon.com)
Realtor Meets Reality (images.ucomics.com)

Housing Crash News Links

Patrick — Mon, 08 Jun 2009 02:05:21 +0000

Why House Prices May Keep Falling - Shiller (nytimes.com)
Coming: A 3rd wave of foreclosures (articles.moneycentral.msn.com)
Foreclosure: Now an Upscale Blight (businessweek.com)
How much underwater could you live with? (housing-kaboom.blogspot.com)
Big Isle, Kauai house prices drop (honoluluadvertiser.com)
How To Balance The California Budget (Mish)
Real estate roller coaster in Canada (financialpost.com)
House Prices: Sellers Need to Lower Expectations (cnbc.com)
The Economy Is Still at the Brink (nytimes.com)
If you cashed out all your equity, do you deserve help? (mortgage.freedomblogging.com)
Number of problem US banks soars (news.bbc.co.uk)
Bank "Profits" From Accounting Changes Mask Looming Loan Losses (bloomberg.com)
One owner's tale of mortgage-modification hell (marketwatch.com)
Can science reinvent the economy? (newscientist.com)
Fed hiring veteran lobbyist to keep secrecy (reuters.com)
Housing bubble caused Great Depression, too (bellinghamherald.com)
World economy is doing worse than during Great Depression? (voxeu.org)
Chase Mortgage Ad From 2005 (businessinsider.com)
NAR Membership (patrick.net)

Housing Crash News Links

Patrick — Fri, 05 Jun 2009 02:05:18 +0000

SEC charging ex-Countrywide CEO Mozilo with fraud (finance.yahoo.com)
Insider Trading - Mozilo, Angelo (note graph at top) (secform4.com)
Former escrow officer guilty of extensive fraud (sfgate.com)
Buffett Is Less Bullish on US Than You Think (bloomberg.com)
Mortgage Rates Touch New 2009 High (optionarmageddon.ml-implode.com)
The Fed Loses the Mortgage-Rate Battle? (minyanville.com)
Bernanke's Monkey See Monkey Don't Policy (Mish)
13 cities post unemployment higher than 15% (money.cnn.com)
Medical bills cause more bankruptcies than mortgages do (reuters.com)
FEMA May Use Foreclosed Houses As Shelters (wkrg.com)
California's Day of Reckoning: What to Cut (time.com)
What the Golden State's bleak future means for America (reason.com)
Geithner's Poor Judgement In Real Estate (patrick.net)
Pictures of Geithner House (zillow.com)
Global house prices: Bottom fishing (economist.com)
Present Depression To Be Deeper than Great Crash of 1929 (Charles Hugh Smith)
The Next Big Thing: Neomedievalism (foreignpolicy.com)

Thank You Anonymous in WI ($20) for your kind donation.

Housing Crash News Links

Patrick — Thu, 04 Jun 2009 02:05:15 +0000

Geithner faces sluggish market, rents out NY house (google.com)
Germany Blasts 'Powers of the Fed' (online.wsj.com)
Audit the Federal Reserve: Support HR 1207 (ronpaul.com)
Bernanke Warns Deficits Threaten Financial Stability (bloomberg.com)
May house prices on Oahu down 15.3% (honoluluadvertiser.com)
Realtors Lie About House For Sale (patrick.net)
Laid off? You'll likely never make as much (idahostatesman.com)
How many houses do banks really own? (lasvegassun.com)
333,000 LA County houseowners getting property tax reductions (latimes.com)
What we can learn from the last housing crash (moneyweek.com)
Loan-Shark Lenders Have Date With Hangman (bloomberg.com)
Suicide Loans With 0% Down: Now Sponsored By Government! (businessweek.com)
How Wall Street Fleeced Millions from Wisconsin Schools (alternet.org)
Public employee pension data must be open (contracostatimes.com)
Economist details health care system's waste (sfgate.com)
Open-house thefts like a tale out of Dickens (thestar.com)
What is Deflation? (wilsoncountynews.com)
Not a worry in the world (theautomaticearth.blogspot.com)
How Stevie the Rat bankrupted GM (mwcnews.net)
Fox New Credibility Drops Below Zero (news.gaurc.us)

Housing Crash News Links

Patrick — Wed, 03 Jun 2009 02:05:09 +0000

Geithner Laughed at in China (optionarmageddon.ml-implode.com)
Former Chinese Central Bank Advisor Calls Fed Assets Rubbish (Mish)
Geithner backs strong dlr, says China's assets safe (reuters.com)
Banks Try to Block Regulation (seekingalpha.com)
Next Big Drop In Prices As DEBT Becomes 4 Letter Word (rocktrueblood.blogspot.com)
What's Wrong With Florida and California? (business.theatlantic.com)
Hawaii late paying off mortgages (starbulletin.com)
The Scary Math Behind the GM Taxpayer Bailout (watchingmarcitz.com)
FBI targets fraud in TARP, stimulus fund (finance.yahoo.com)
SD Fire Chief Retiring To Get $10,300 A Month For Life From You (10news.com)
Retirees' income dried up when foolish mortgage investments crashed (lvrj.com)
Let's Do the Time Warp Again (debtdeflation.com)
The Largest US Bankruptcies (finance.yahoo.com)
Foreclosures: No End in Sight (nytimes.com)
'No Problem' Mindset: Guaranteed Destruction (lewrockwell.com)
Federal Reserve "Puzzled" By Inflation Expectation After Debasing Dollar (reuters.com)
If Obama doesn't Spend... We Crash! (caps.fool.com)
Realtor threw wild party in luxury house while the owners in Spain (dailymail.co.uk)
Top Twelve Indicators Economy Is Bad (smalltalkwitht.blogspot.com)

Housing Crash News Links

Patrick — Tue, 02 Jun 2009 02:05:12 +0000

Alt-A loans: Second wave of foreclosures ahead (pressdemocrat.com)
Reset Chart from Credit Suisse has a Major Error (healdsburgbubble.blogspot.com)
Hedge Funds Take Aim At FL Real Estate (tbo.com)
Foreclosures add to hurricane hazards (breitbart.com)
From the subprime to the terrigenous (lvrg.org.au)
To Get a Systemic Risk Regulator, Fire Bernanke (tpmcafe.talkingpointsmemo.com)
Chinas Yu Says US Shouldn't Be Complacent About Treasuries (bloomberg.com)
Dollar Weakens as Reports Spur Higher-Yielding Asset Demand (bloomberg.com)
Reagan Did It (nytimes.com)
The summer-house real estate market has cratered. Hallelujah! (slate.com)
Saudi's Central Bank Freezes Billionaire Al-Sanea's Accounts (allheadlinenews.com)
A Primer on the G.M. Bankruptcy (nytimes.com)
GM: Its rise, fall and future (telegraph.co.uk)
SF retirees' solid-golden years (sfgate.com)
Ask Elliemae - Nursing Home Answers (patrick.net)
Worst Slide Story (newsday.com)
Worst-Case Scenario (westword.com)

Thank You Rob M. ($10) for your kind donation.

Housing Crash News Links

Patrick — Mon, 01 Jun 2009 02:06:09 +0000

After crash, has twilight come to the Sun Belt? (news.yahoo.com)
Planning Perfect Escape From Underwater House (patrick.net)
Mortgage Meltdown, More Pain To Come (Mish)
Troubled Bank Loans Hit a Record High (nytimes.com)
Lessons from Japans Financial Crisis (piggington.com)
No Rest for the Economy's Wicked Parties (seekingalpha.com)
Firms With Ties to Banks Can Work Both Sides of Rescue (washingtonindependent.com)
The Reliable Money Supply Spigots (dailyreckoning.com)
Leap in US debt hits taxpayers with 12% more red ink (usatoday.com)
Zoellick Warns Stimulus "Sugar High" Won't Stem Unemployment (bloomberg.com)
Why We Are Not In For A "Recovery" (thebarricadeblog.com)
The world economy: Drowning, not waving? (economist.com)
Starbucks Pushing Landlords for 25% Cut in Cafe Rents (bloomberg.com)
Commercial Real Estate, The Economy's Anvil (time.com)
It's "Prime" Time In Foreclosures (cnbc.com)
Foreclosure wave sweeps up those with good credit (contracostatimes.com)
Feds Probing Possible Oil Market Manipulation - Oh Wait! (dvorak.org)
Dubai Property Scandal Claim Emerges Amid Media Blackout (huffingtonpost.com)
Uninsured face avalanche of health costs (reuters.com)
How Our Economy Got Messed Up (aruljohn.com)

Thank You Maria B. ($5) for your kind donation.

Housing Crash News Links

Patrick — Tue, 26 May 2009 02:06:25 +0000

Job Losses Push Safer Mortgages to Foreclosure (nytimes.com)
US Jobless Rate Likely to Pass Europe's (nytimes.com)
Housing Bust Leaves Most Sellers at a Loss (washingtonpost.com)
Only 30% of foreclosures currently on the market nationwide (features.csmonitor.com)
The Housing Hurricane Will Howl Again (online.barrons.com)
Recession suddenly humbles high-tech sector (finance.yahoo.com)
Is Living in a High-End Suburb Worth It? (businessweek.com)
Still Overpriced By $200,000 In Capitola, CA (patrick.net)
Down 30% to 52% in Miami (miamiherald.com)
Have I got a skyscraper for you (msnbc.msn.com)
California: State of Paralysis (nytimes.com)
House price increases merely transfer wealth from the young to the old (theherald.co.uk)
Fed's Vice Chairman Admits Fed Has No Exit Strategy (Mish)
Dalls Fed President: Don't Monetize the Debt (online.wsj.com)
Geithner Vows to Cut US Deficit on Fear of US Government Default (bloomberg.com)
Inflation Could Be Coming To A Dollar Near You (cbsnews.com)
Bush's "Hope for Homeowners" a failure by virtually every metric (propublica.org)
Austrian Business-Cycle Theory (mises.org)
Hell and the Credit-Card Lobby (slacktivist.typepad.com)
The MBA vs The Crazy Old Witch (dilbert.com)

Thank You Ari T. ($8) for your kind donation.

Housing Crash News Links

Patrick — Fri, 22 May 2009 02:05:40 +0000

San Francisco median price loss of $444,800 largest in US by far (newgeography.com)
San Francisco House Prices Fall 41% on Foreclosures (bloomberg.com)
O.C. buyers shun adjustable mortgages, finally (lansner.freedomblogging.com)
If you knew your neighbor's taxes, you'd repeal Prop 13 (freshsupercool.com)
Housing Recovery May Take More Than 10 Years (blog.youwalkaway.com)
Tenants Protected If Landlord In Foreclosure (tenantsforeclosure.blogspot.com)
More Americans consider buying foreclosures (marketwatch.com)
First Time House Buyer Program Ripe for Abuse (washingtonindependent.com)
Program to suck in future foreclosees with no downpayment still on (azcentral.com)
Thomas Sowell on government policies and housing crisis (reason.com)
Poor Will Always Be With Us, But Not At Ballot Box (miller-mccune.com)
The Toxic Asset Base May Have Little Future Value (web.me.com)
Rep. Brad Sherman: Recycling TARP Funds Is Illegal (dailybail.com)
Momentum Builds For Ron Paul's Fed Transparency Act (businessinsider.com)
Treasurys drop on worries over England government debt downgrade (google.com)
Inflation risks higher than many think, said Philly Fed (marketwatch.com)
Is Nationalized Health Coverage the Way to Go? (pbs.org)
Elite London Neighborhood Eviction Fight (bloomberg.com)
Spanish American Gold and Prices in Spain, 1501-1650 (eh.net)

Cudick A. ($50) for your kind donation.

Housing Crash News Links

Patrick — Thu, 21 May 2009 02:05:29 +0000

House Price Drops Leave More Underwater (finance.yahoo.com)
Activist Financier 'Terrorizes' Bankers in Foreclosure Fight (online.wsj.com)
Walk Away or Keep Paying? (patrick.net)
Loan reset threat looms till 2012 (mortgage.freedomblogging.com)
Something Not Adding Up on Option-ARMs (healdsburgbubble.blogspot.com)
Housing Won't Lead Recovery: Inventories, prices still too high (marketwatch.com)
FBI sets up mortgage fraud team, uses wiretaps (reuters.com)
Bad Guys of Subprime Lending Raking in Bailout Billions (alternet.org)
US May Transfer Powers from SEC to Fed (bloomberg.com)
Fed's economic forecast worsens (money.cnn.com)
Low Financial Stress Down on the Farm (dtnprogressivefarmer.com)
Lehman Brothers disappeared with Hank Paulson's reputation (newsweek.com)
Too many among us have too much debt (theautomaticearth.blogspot.com)
Budget Scolds Shouldn't Shout Down Health Reform (washingtonpost.com)
Only True Barometer of Economy: Bartenders (examiner.com)
I hear you have an MBA (dilbert.com)

Thank You You Walk Away ($100) for your kind donation.

Housing Crash News Links

Patrick — Wed, 20 May 2009 02:05:34 +0000

Southern California house prices down 51% from 2007 peak, falling (latimes.com)
San Francisco price declines accelerating (sfgate.com)
Hamptons Houses Drop Most Since Records Kept (bloomberg.com)
Condo associations dying as fees dry up (tampabay.com)
Housing Starts May Have a Way to Fall (norris.blogs.nytimes.com)
Government Punishing Responsible People (patrick.net)
Wary of U.S. debt, China shifts gears on investment (reuters.com)
The Destructive Implications of the Bailout (hussmanfunds.com)
Obama's Magic Bubble Deflator (mises.org)
Audit the Fed, Then End It (rocktrueblood.blogspot.com)
The Truth: Debt Means Financial Death (thelastgoodidea.blogspot.com)
Banks "can't find anyone with authority" to talk to foreclosees (dailybusinessreview)
2 Firms Accused of Deceiving Consumers Seeking Debt Relief (nytimes.com)
Is Buying a House Catching Falling Knife or Inflation Hedge? (Charles Hugh Smith)
Obama for Single-Payer Before He Was Against It (healthcare-now.org)
Credit Crunch Game (bbc.co.uk)
It Is Time For Vermont To Secede (ashizashiz.blogspot.com)

Housing Crash News Links

Patrick — Tue, 19 May 2009 02:05:13 +0000

House Price Drops Leave More Underwater (finance.yahoo.com)
Rich default on luxury houses like subprime victims (palmbeachpost.com)
Distressed property sales hit upscale condos (latimes.com)
Bank-owned houses sell slowly on the coast (mortgage.freedomblogging.com)
Sellers and buyers don't see eye to eye on pricing (sfgate.com)
Down 58% in Aptos, CA 95003 (patrick.net)
Fannie, Freddie in critical condition (money.cnn.com)
Board to Ban Accounting Practice That Helped Lending Proliferate (washingtonpost.com)
Commercial Real Estate Defaults: You Ain't Seen Nothing Yet (businessinsider.com)
Aurora fights foreclosure blight by billing banks (denverpost.com)
Housing crash bringing work to Lee County (nbc-2.com)
The Geography of Jobs (tipstrategies.com)
Bad Collateral (jameshowardkunstler.typepad.com)
Meltdown will leave vastly changed economy (msnbc.msn.com)
Waking up from the American Dream (mercurynews.com)
US Government Paying Houseowners to 'Walk Away' (seekingalpha.com)
US judges admit to jailing children for money (reuters.com)
Guatemalan Attorney Predicts his Own Murder on YouTube (dvorak.org)

Housing Crash News Links

Patrick — Mon, 18 May 2009 02:05:37 +0000

More high-end properties sitting on the market (sfgate.com)
Multimillion Dollar House Price Cuts (finance.yahoo.com)
No sign of foreclosures slowing (nctimes.com)
Silicon Valley Foreclosures To Accelerate (viewfromsiliconvalley.com)
Las Vegas house prices plummet toward ZIP (lasvegassun.com)
Mass auctions of foreclosed houses not as successful as billed (tampabay.com)
Deep Property Depreciation Still Ahead (seekingalpha.com)
States like California, Arizona and Florida still have far to fall (businesswire.com)
Worst Is Yet To Come (finance.yahoo.com)
Personal Credit Crisis Of NY Times Economics Reporter (nytimes.com)
Who, Me? Yes You, Greenspan! (lewrockwell.com)
$8000 tax credit not actually for downpayment (boston.com)
Real Estate Developer Sues Banks That Loaned It Money (businessinsider.com)
Mortgage modifications make housing dead asset class for years (fieldcheckgroup.com)
TARP is a "sham" and a ripoff to taxpayers (huffingtonpost.com)
99 Years in Prison for Mortgage Fraud. Not a Typo (nationalmortgagenews.com)
America Forgot Lessons It Taught China (nytimes.com)
China's yuan 'set to usurp US dollar' as world reserve currency (telegraph.co.uk)
Anatomy of an economic meltdown (sfgate.com)
Jeff Walser, FDIC Economist, Charged With Attempted Bank Robbery (huffingtonpost.com)

Housing Crash News Links

Patrick — Fri, 15 May 2009 02:05:21 +0000

Menlo Park Real Estate In Distress (patrick.net)
Suburban Housing Markets Are Unsustainable (seekingalpha.com)
Most US houseowners still disconnected from reality (reuters.com)
Decoupling From Reality (jameshowardkunstler.typepad.com)
The Problem with Debt: Leverage (finance.yahoo.com)
Foreclose and Work the System (blog.youwalkaway.com)
Commercial Rents Crashing in London to 1991 Prices (bloomberg.com)
Small-business credit card rates increase (jan.freedomblogging.com)
Cities to be beautified by shutdown of auto dealerships (latimes.com)
On the road with the Airpod air-powered car (guardian.co.uk)
SEC recommends civil fraud charges against Mozilo of Countrywide (latimes.com)
Government Underestimates Fannie, Freddie Money Pits (seekingalpha.com)
California treasurer requests TARP help (marketwatch.com)
Barney Frank is a Genius -- Not (freedompatrol.blogspot.com)
Economic-Stimulus Cash Is Moving Slowly (online.wsj.com)
NAR Shovels Shit To The Press (nypost.com)
Geithner enriches speculators in "sham" bank bail-outs (telegraph.co.uk)
Author Thomas Woods talking about the Fed (booktv.org)

Housing Crash News Links

Patrick — Thu, 14 May 2009 02:05:19 +0000

Will Renting Be The Undoing Of House Prices? (247wallst.com)
About The Banks: Bill Black Unleashed (optionarmageddon.ml-implode.com)
US Median House Price Declines 14% (online.wsj.com)
US April foreclosures up 32pc (stuff.co.nz)
Good deals in bad neighborhoods near San Francisco (homelistingsmap.com)
Can Health Insurers Be Cost-Cutters? (nytimes.com)
Bernie Madoff, Agent Of Karma (patrick.net)
Pelosi's Son Worked For Countrywide (nalert.blogspot.com)
Prepayment Penalties Promoted Subprime Lending (seekingalpha.com)
Tax Credit as Mortgage Down Payment - Ugh (forexhound.com)
Freddie seeks $6.1B more sweet taxpayer cash after $9.9B loss (seattletimes)
H.R. 1207: Ron Paul's Federal Reserve Transparency Act of 2009 (govtrack.us)
The Real Housing Crisis Has Yet to Begin (minyanville.com)
Worries growing about commercial real estate (msnbc.msn.com)
Wall Street Falls Sharply on Drop in Retail Sales (nytimes.com)
How we can escape this mess (kansascw.com)
Time To File Class Action Suit On Behalf Of ALL OF US! (ashizashiz.blogspot.com)

Thank You You Walk Away ($120) for your kind donation.

Housing Crash News Links

Patrick — Wed, 13 May 2009 02:06:50 +0000

The Madoff Affair (pbs.org)
House Prices in US Drop Most on Record in Quarter (bloomberg.com)
San Diego house prices drop at quick pace (signonsandiego.com)
San Francisco Sale "Over Asking Price" Conceals Actual Drop (socketsite.com)
Even realtors see bigger CA house-price drops (lansner.freedomblogging.com)
Atlanta house prices fall 25 percent in past year (ajc.com)
Median house prices fall in 88 percent of cities (sfgate.com)
Are Loan Modifications a Reality or Simply an Outlet for Hope? (examiner.com)
Houseowners Turn to Renting, Waiting for Market to Recover (finance.yahoo.com)
American Tenants Association Mission Statement (americantenants.com)
Was It a Sucker's Rally? (online.wsj.com)
Economists Downgrade US Recovery Outlook (bloomberg.com)
Five Economic Storms Raging Now (moneyandmarkets.com)
Bloated Empire and the Financial Crash (consortiumnews.com)
Obama Targets Financiers to Close Loopholes in Tax Code (bloomberg.com)
Housing Boom and Bust by Sowell (article.nationalreview.com)
Freedom From Want as a Right (miller-mccune.com)
Banks Brace for Credit Card Write-Offs (nytimes.com)
Senator Urges Discount For Retail Cash Payments (nytimes.com)

Thank You Byron C. ($25) for your kind donation.

Housing Crash News Links

Patrick — Tue, 12 May 2009 02:05:15 +0000

Obama may eliminate evil debt-mongers Fannie and Freddie! (bloomberg.com)
How Has The Moratorium On Foreclosures Worked? (ibankcoin.com)
2009 Housing False Bottom (blog.youwalkaway.com)
Foreclosure Firestorm Ahead? (cnbc.com)
Former owners buy back foreclosed houses, much cheaper (boston.com)
OMG Seller Competition In Silicon Valley (viewfromsiliconvalley.com)
Oakland Resident Squats Bank-Owned House (beyondchron.org)
PIMCO Reduces US Debt Holdings (bloomberg.com)
Fed Openly Tampering With 30-Year Treasury Yield (marketwatch.com)
Some Encouraging News on Financial Crisis Probe (nakedcapitalism.com)
Free Fall's Over(?), but Where Are We Landing? (nytimes.com)
HSBC Bank Says 2009 Will Be "Tough" as US Bad Debts Rise (bloomberg.com)
Harry, Louise and Barack (nytimes.com)
Darth Greenspan (mises.org)
Economic downturn finally hits Iraq (latimes.com)
Hitler's Bank Goes Global (brucewiseman.net)
The Story of Stuff (Warning: Leftie Content) (storyofstuff.com)
Saturday Night Live Grades the Stress Tests (nakedcapitalism.com)

Thank You Christopher K. ($20) for your kind donation.

Housing Crash News Links

Patrick — Mon, 11 May 2009 02:05:17 +0000

No, the Free Market Did Not Cause the Financial Crisis (lewrockwell.com)
Obama Wants Fed as Finance Supercriminal, uh, Supercop (money.aol.com)
Taxpayers paid IOU triggered by Deutsche Bank's gambling losses (patrick.net)
Despite Signs to the Contrary, Real Estate Will Get Worse (time.com)
Stressing The Positive, Ignoring The Rest (nytimes.com)
Scammy Mortgage Program Resurfaces in Congress (washingtonindependent.com)
Subprime Lending Is Back With a Vengeance (minyanville.com)
Government's mortgage debt subsidies create disaster (city-journal.org)
Banks Blocking Way Out Of Foreclosure Crisis (huffingtonpost.com)
Countrywide, KB accused of inflating house prices (lasvegassun.com)
Court decision targets mystery closing fees (latimes.com)
Validity of Zillow values questioned (redding.com)
20% Underwater In Silicon Valley (viewfromsiliconvalley.com)
Mortgage defaults grow in Toronto (yourhome.ca)
How France is surviving the economic crisis (economist.com)
America's Medical System Makes Fainting a $10,000 Malady (miller-mccune.com)
Indicted ex-official gets $500,000 annual pension (latimes.com)
Congressional Bailout Commercial (youtube.com)
And Thus Capitalism Ended (dilbert.com)

Housing Crash News Links

Patrick — Fri, 08 May 2009 02:05:23 +0000

Chicago's Rich North Shore Suffering Foreclosure Surge (northshoremag.com)
Foreclosure looms for McAfee mansion in CO Springs (denverpost.com)
Another Sign of Foreclosure Trouble in California (blogs.wsj.com)
California had most subprime loans (sfgate.com)
The most underwater house on the SF Peninsula (sfgate.com)
Why You Should Get Comfortable with Slower Growth (chartingtheeconomy.com)
How A Programmer Helped Build the Bomb That Blew Up Wall Street (nymag.com)
Congresswoman Kaptur On Prosecuting Banksters (youtube.com)
Give Credit Where It's Due: Bernanke Favored Greenspan Cuts (washingtonpost.com)
Is Anyone Minding the Store at the Federal Reserve? (economicedge.blogspot.com)
The Born Prophecy: Lack Of Financial Regulation Is Fatal (abajournal.com)
Systematic Risk Regulators and the Power of Arithmetic (huffingtonpost.com)
In Canada, mortgage interest is not tax-deductible (theglobeandmail.com)
Great Deals In Detroit, Except For The Nightly Gunfire (historicbostonedison.org)
Real Estate Mafia In India (patrick.net)
Clayton 'i-house' is giant leap from trailer park (news.yahoo.com)
Economic Downturn Spawns Upturn in Teen Girls' Weight (miller-mccune.com)

Thank You Jon L. ($100) for your kind donation.

Housing Crash News Links

Patrick — Thu, 07 May 2009 02:05:25 +0000

Want to Sell Your House? Lower Your Price (businessweek.com)
Affluent Houseowners Underwater and Sinking Fast (blogs.wsj.com)
Rich Default on Luxury Houses Like Subprime Victims (bloomberg.com)
More than one in five houseowners underwater (finance.yahoo.com)
O.C. house values down 32% from peak (lansner.freedomblogging.com)
House values plunge up to 30 percent in Florida (tampabay.com)
House prices fall to 2004 levels in England (guardian.co.uk)
Chrysler won't repay federal bailout 'loans' (money.cnn.com)
Bank of America to need $34 billion of your money (reuters.com)
Goldman Conspiracy: explosive 13-episode TV show (marketwatch.com)
401ks Hit by Withdrawal Freezes (online.wsj.com)
Senate votes to make taxpayers liable for yet more bad debt (finance.yahoo.com)
People bought houses at three times true value (theautomaticearth.blogspot.com)
American consumers struggle with their debts (economist.com)
5 Costs of Buying a House You Didn't Consider (nytimes.com)
Commercial Property: The Other Shoe (smartmoney.com)
Mega-Regions and High-Speed Rail (correspondents.theatlantic.com)
The Worst Case Scenario (Someone Has to Say It) (seekingalpha.com)
Please Welcome 'New Prosperity Magazine' (Charles Hugh Smith)

Thank You Gerald K. ($25) for your kind donation.

Housing Crash News Links

Patrick — Wed, 06 May 2009 02:05:22 +0000

House Prices Still No Bargain (online.wsj.com)
Almost 24,000 houses, apartments vacant in Sacramento area (sacbee.com)
Taking a loss: Houseowners pay to sell in Hawaii (starbulletin.com)
Fed says more banks tighten mortgage standards (chron.com)
Banks won't sell foreclosed houses, stalling market (market-ticker.denninger.net)
We Can't Subsidize the Banks Forever (online.wsj.com)
Buffett Lambastes Bankers, Insurers for Stupidity (bloomberg.com)
FHA Creating The Next Housing Bust (online.wsj.com)
The Houseownership Bubble (theaffordablemortgagedepression.com)
Only hard money, high savings, and a balanced budget will work (atimes.com)
"Too Big To Fail" Is Un-American (huffingtonpost.com)
If China loses faith the dollar will collapse (nakedcapitalism.com)
Inflation Nation (nytimes.com)
Interest rates, like Wall Street, must run one way (marketwatch.com)
Great Recession Will Redefine Full Employment as Jobs Vanish (bloomberg.com)
New idea to deal with Menlo Park foreclosure problem (sfgate.com)
How toxic waste was turned into AAA gold (thebarricadeblog.com)
Your Property Value Or Your Life (rushkoff.com)
The New F'ing Citibank (funnyordie.com)
Nation Ready To Be Lied To About Economy Again (theonion.com)

Thank You Jon M. ($100) for your kind donation.

Housing Crash News Links

Patrick — Tue, 05 May 2009 02:05:41 +0000

The high end is going to get flattened by HELOC Ponzi (irvinehousingblog.com)
Feds Charge Five in $70 Million "Dream House" Ponzi Scam (consumeraffairs.com)
Demographics Force US House Prices Lower (bloomberg.com)
Housing prices pit builders against banks (lvrj.com)
Spin Cycle Set to High (chrismartenson.com)
Cheaper to bulldoze them! (housing-kaboom.blogspot.com)
Trying to find a job is not a job (latimes.com)
Nonsales jobs are few (idahostatesman.com)
Houseownership and Wealth Accumulation/Destruction (Charles Hugh Smith)
The Madoff Affair (pbs.org)
Companies help lenders transfer mortgages, foreclose (tampabay.com)
Fed's Bernanke to Face Tension on the Hill (washingtonpost.com)
China has 'canceled US credit card' (google.com)
Worries Rise on the Size of US Debt (nytimes.com)
Obama Budget Cuts Visualization (youtube.com)
How I Learned To Love The European Welfare State (nytimes.com)
Community gardens a hot trend in recession (denverpost.com)
Chinese ordered to smoke more to boost economy (telegraph.co.uk)
A Better Strategy Than The Boss's (dilbert.com)

Housing Crash News Links

Patrick — Mon, 04 May 2009 02:05:24 +0000

Banker: 'What'd I Do, Officer?' Cop: 'Algae in the Pool, Sir' (online.wsj.com)
Banks' refusal to sell foreclosed houses spawn blight, crime (sfgate.com)
Milan Police Seize UBS, JPMorgan, Deutsche Bank Funds (bloomberg.com)
Among Democrats, a rift over siding with banks (features.csmonitor.com)
The Great Bank Swindle (minyanville.com)
How Lehman Brothers Got Its Real Estate Fix (nytimes.com)
With moratoriums removed, foreclosures climb back (libn.com)
For Mortgages, a Pain in the Alt-A (housingwire.com)
The Great Asset Bubble Built on Debt -- good graphs (marketoracle.co.uk)
Buffett Says He Sees No Signs of Recovery in Housing, Retail (bloomberg.com)
Auto Bailout helps only bondholders and shareholders (robertreich.blogspot.com)
Madoff Is Convenient Distraction for Crooks Who Aren't in Jail (alternet.org)
Murky 401k fees siphon savings away (contracostatimes.com)
Decades of advice turn out to be so much garbage (thebigmoney.com)
Prices down from unaffordable to just really, really expensive (huffingtonpost.com)
Is bear market rally history repeating itself? (thestar.com)
On Obama's Pragmatism and America's Apathy (thebarricadeblog.com)
House Prices Compared To Incomes By Metro Area (zoyzoy.com)
Snark Attack (nytimes.com)
Everyone On Patrick.net Blog Can Now Write Posts (patrick.net)

Housing Crash News Links

Patrick — Fri, 01 May 2009 02:05:23 +0000

The foreclosure close to home (sanfranmag.com)
Basic Economy Numbers (ashizashiz.blogspot.com)
Consumer Spending Slows, Job Cuts Mount (bloomberg.com)
Next economic crisis: Commercial real estate defaults (mcclatchydc.com)
e-CON-omy (blog.youwalkaway.com)
Case-Shiller Numbers by Metro Area (blogs.wsj.com)
Senate defeats anti-foreclosure bill (finance.yahoo.com)
Sen. Dick Durbin: Banks Frankly Own The Senate (huffingtonpost.com)
Rep. Barney Frank in 2005: What Housing Bubble? (youtube.com)
Interview With Obama (nytimes.com)
Wall Street Pay Bounces Back (nbcphiladelphia.com)
Recession hits top law firms' profits (chicagotribune.com)
Non-Profit Stuck With 24 Vacant Renovated Buildings (theepochtimes.com)
Couple Guilty in Loan Scam (mountain-news.com)
I dodged the housing crash (lovemoney.com)
Aristotle's Choice Of Money Revisited (new.goldmau.com)
1976 Swine Flu Propaganda (youtube.com)

Thank You Qui H. ($50), Sean R. ($10), and Sandra B. ($100) for your kind donations.

Housing Crash News Links

Patrick — Thu, 30 Apr 2009 02:05:54 +0000

Readers have little sympathy for real-estate 'gamblers' (deseretnews.com)
Jobless rates rise in all US metro areas (finance.yahoo.com)
Obama Said to Plan for Chrysler Bankruptcy, Alliance (bloomberg.com)
US economy shrinks 6.1% in the first quarter (latimes.com)
Towering Vacancies: Office Market Hits the Skids (businessweek.com)
7-Eleven parent looks for lower rents at all its sites (dallasnews.com)
Phoenix Leads the Way Down in House Prices (nytimes.com)
Realtors Spent $12M Lobbying in Past Two Quarters (chartingtheeconomy.com)
Sowell: Inside the housing boom and bust (appeal-democrat.com)
Downturn Due To "Affordable" Mortgages (theaffordablemortgagedepression.com)
Fed and the rating agencies: Wages of sin are pretty good (economist.com)
Housing: The Steeplechase Analogy (Charles Hugh Smith)

Thank You Brian M. ($11) and James T. ($100) for your kind donations.

Housing Crash News Links

Patrick — Wed, 29 Apr 2009 02:05:27 +0000

US house prices continue to drop in February (latimes.com)
US Home Prices Continued to Decline in February (nytimes.com)
House Prices Down 31% From Peak (optionarmageddon.ml-implode.com)
House Vacancies Rise in U.S. to Record Amid Recession (bloomberg.com)
Some houses in Sacramento area now cost less than $25,000 (sacbee.com)
Tampa Bay house prices flee to 2003 (tampabay.com)
Housing glut makes landlords more cooperative (fresnobee.com)
Obama's band of blundering bailout brothers (marketwatch.com)
Obama expands taxpayer's gifts to foolish borrowers (finance.yahoo.com)
FHA is the new subprime (wcvarones.blogspot.com)
Forget swine flu, worry about the global economy (moneyweek.com)
Private Health Insurance Industry is Killing US Economy (huffingtonpost.com)
Single Payer Health Care (patrick.net)
The Last Temptation of Risk (nationalinterest.org)
Capitalism's Crisis and our Response (indybay.org)
A Crisis of Ethic Proportions (economistsview.typepad.com)
Stronger tools needed to protect public from fraud (m.burlingtonfreepress.com)
Should Gitmo Be Used For Financial Criminals? (huffingtonpost.com)
Extreme House Makeover Depression Edition (Mish)

Housing Crash News Links

Patrick — Tue, 28 Apr 2009 02:05:05 +0000

A period of weak or falling house prices ought to be welcome (economist.com)
Beware Mainstream Media: Columnists or Real Estate Salesmen? (examiner.com)
Mounting strains in commercial property (economist.com)
Real estate bubble? Been here before (citizen-times.com)
Not Just The Poor Are Uninsured (lasvegassun.com)
Builders lunch, learn how to exploit poor-credit buyers (masterbuildersinfo.com)
US toxic-asset plan stirs fears (latimes.com)
Wall Street Gets Money for Nothing (nytimes.com)
Stripping GM for Parts? (reallyfkedhomeowner.com)
Geithner, Member and Overseer of Finance Club (nytimes.com)
The Tyranny of Experts: It's ok to say 'They Wuz Wrong!' (thebarricadeblog.com)
Another interview with Prof Bill Black (audio - ianmasters.org)
Deepening woes for the Imperial Valley (latimes.com)
CA budget fixes on May 19 ballot are mostly shams and frauds (latimes.com)
Madoff investment scam victims in California seek tax refunds (latimes.com)
Santa Clara Co. Prices vs. Foreclosures (viewfromsiliconvalley.com)
House Vacancies Rise in US to Record Amid Recession (bloomberg.com)
FBI - Mortgage Fraud Press Room (fbi.gov)
People forced from foreclosures take fixtures, leave messes (lvrj.com)

Thank You Adam Y. ($100) for your kind donation.

Housing Crash News Links

Patrick — Mon, 27 Apr 2009 02:05:11 +0000

Savers are still paying for Fed's gift to banks (latimes.com)
91 Co-Sponsors of Ron Paul's Bill To Audit The Federal Reserve (ronpaul.com)
US pressured BofA to complete Merrill deal: Cuomo (reuters.com)
Wells Fargo accused of securities fraud in state lawsuit (latimes.com)
China admits to building up stockpile of gold (financialpost.com)
Fannie Mae Creates Housing Mirage With Bum Loans (bloomberg.com)
Big Drop Ahead for House Prices? (online.wsj.com)
A second wave of house foreclosures is ahead (kansascity.com)
'Short sale' may expose you to lawsuit (nctimes.com)
Bulletin From the Hindenburg: A Housing Crash Update (patrick.net)
Five questions for Robert Reich (economist.com)
Recession, Far From Over, Already Setting Records (nytimes.com)
New Levels Of Deception In Real Estate (online.wsj.com)
The Elusive Housing "Fair Value" (ritholtz.com)
California Unemployment State of Emergency Declared (gov.ca.gov)
Housing downturn moves up to Silicon Valley mansions (latimes.com)
Boston's luxury condo market falling (boston.com)
Median price for existing house in Las Vegas heading to $100,000 (lvrj.com)
The One Trillion Commercial Real Estate Time Bomb (zerohedge.blogspot.com)
Banktron steal your cash, lend it back to you (sinfest.net)

Thank You Nathan V. ($25) and Stephanie S. ($25) for your kind donations.

Housing Crash News Links

Patrick — Fri, 24 Apr 2009 02:05:31 +0000

SF Bay Area rents down for second quarter (sfgate.com)
Mortgage defaults hit record in CA, SF Bay Area (sfgate.com)
49,256 Foreclosures in SF Bay Area (patrick.net)
Taxpayers lose thousands in pre-foreclosure sales (9news.com)
Falling prices are the solution! (viewfromsiliconvalley.com)
Hamptons House Prices Drop 23% on Wall Street Firings (bloomberg.com)
Beware The False Bottom in Housing (minyanville.com)
Jobs, housing data undermine recovery hopes (finance.yahoo.com)
Optimism and the world economy (economist.com)
Global recession worst since Depression (news.yahoo.com)
The Next Great Bubble? China (gurufocus.com)
Beware of Fake Bank Profits (inflation.us)
Bank profits mask coming storm (atimes.com)
Florida banks fail to maintain abandoned houses (sun-sentinel.com)
Billionaire accused of 'looting' posh Mont. resort (idahostatesman.com)
Tax the heirs of the rich at least of few of them (csmonitor.com)
Economist Explains How We Dug a Hole With Credit Cards (miller-mccune.com)
Time to Get Rich Quick (Again) (nypress.com)
The Case for a Federalism Amendment (online.wsj.com)
The Problem With Forced Arbitration (fairarbitrationnow.org)

Housing Crash News Links

Patrick — Thu, 23 Apr 2009 02:05:37 +0000

'Cult of finance' has stranglehold over the American economy (marketwatch.com)
US government debt-pushing leads to murders, suicide (cnn.com)
CFO of government debt-pusher found dead. Murder? (bloomberg.com)
Gov't to pretend to investigate Wall Street (bloomberg.com)
Bank bailout "may" hurt taxpayers, be open to fraud. Really? (finance.yahoo.com)
Congress to oversee bailout of its banking friends (huffingtonpost.com)
Goldman Sachs Shook Tens of Billions Out of Tax-Payers (alternet.org)
US Treasury weighs new mortgage subsidies (uk.reuters.com)
Clusterfuk to the Poor House - Goldman Sachs' Connections (thedailyshow.com)
The Fed's Secret Cash Machine (theatlantic.com)
For Housing Crisis, the End Probably Isn't Near (nytimes.com)
Where to Get the Most Rental Income for the Least Investment (businessweek.com)
Record number of Californians miss mortgage payments (latimes.com)
Long-term unemployed more than double in CA (economy.freedomblogging.com)
Banks, Home Prices, Home Sales Are 'Just Fine' (seekingalpha.com)
Would a Complete Collapse Be All That Bad? (examiner.com)
Sen. Bernie Sanders: Socialist Successes (huffingtonpost.com)
Why I Fired My Broker (theatlantic.com)
Livermore Houses from $15,700 and $99 closing costs (patrick.net)
All Dollars To Be Recalled (dailybail.com)

Thank You Seungnak L. ($20) for your kind donation.

Housing Crash News Links

Patrick — Wed, 22 Apr 2009 02:05:13 +0000

Sales Up 42%! Make that DOWN 42%! (healdsburgbubble.blogspot.com)
Sacramento apartment rents fall again (sacbee.com)
Orange County industrial rents fall most since 1993 (lansner.freedomblogging.com)
Public Access To Foreclosures Is Limited (patrick.net)
Bad News: Option ARM Resets Delayed (businessweek.com)
Lobbying Report - It Takes Money to Get Money! (chartingtheeconomy.com)
Are Fed and Treasury Secretly Trying to Save US Taxpayer? (seekingalpha.com)
Bank of America bad assets jump 41% in 3 months (mortgage.freedomblogging.com)
Bank Profits Appear Out of Thin Air (nytimes.com)
US Regulators FINALLY Put Emphasis on Loan Quality in Tests (bloomberg.com)
Bigger Crash Ahead (globalresearch.ca)
Wall Street's prescient bears are still wary (features.csmonitor.com)
Housing Has Not Bottomed Yet (nytimes.com)
The hidden menace of houseownership (globalpost.com)
Demographics and Depression (firstthings.com)
The Treason of the Economists (guatemala-times.com)
Why put money in the bank with interest of 0.01%? Safety? Ha! (wamu.com)
More American Workers Outsourcing Own Jobs Overseas (theonion.com)

Thank You Anonymous in WI ($20), James T. ($50), and Jon M. ($50) for your kind donations.

Housing Crash News Links

Patrick — Tue, 21 Apr 2009 02:05:37 +0000

The Rage of the Privileged Class As It Loses Its Privileges (nymag.com)
'The Goldman Conspiracy' (marketwatch.com)
Killing the Myths of Houseownership (reallyfuckedhomeowner.com)
Ameriquest: A window into the mortgage meltdown (contracostatimes.com)
The Casualties of a Building Boom That Got Ahead of Itself (nymag.com)
Don't say prices are falling (nytimes.com)
Why Housing Is Not Coming Back (Charles Hugh Smith)
Backdoor Way To Clear Housing Inventory: Tax Liens (optionarmageddon.ml-implode.com)
The international monetary systems breakdown is underway (leap2020.eu)
Treasuries shaky as investors' sanctuary (washingtontimes.com)
US May Convert Banks' Bailouts to Equity Share (nytimes.com)
Detroit councilman walks away from his mortgage (sacbee.com)
Foreclosure Watch 2009 as Option ARM's Reset (subprimemortgagedebacle.com)
Time For Professor Mankiw To Resign (Mish)
Zero Interest Rate paper from 2003 (dallasfed.org)

Thank You Anonymous ($25) for your kind donation.

Housing Crash News Links

Patrick — Mon, 20 Apr 2009 02:05:23 +0000

Banking insiders protect themselves through control of government (solari.com)
Stiglitz Says Ties to Wall Street Doom Bank Rescue (bloomberg.com)
Ken Lewis' ouster as Bank of America chairman urged (latimes.com)
US Global Hegemony - The Beginning and the End (midasletter.com)
'Unhappy China' bestseller claims Beijing should 'lead the world' (telegraph.co.uk)
You give bankers 1.3 trillion and do they say thank you? (guardian.co.uk)
Fed Mulls Literal Destruction Of Your Savings (nytimes.com)
Volcker Says Feds Authority Probably to Be Reviewed (bloomberg.com)
CNN Misses the Tea Party Point (optionarmageddon.ml-implode.com)
California unemployment rate highest since 1941 (sfgate.com)
What Good Are Economists Anyway? (businessweek.com)
Brooklyn real-estate prices continues to improve for buyers (brooklynpaper.com)
Some houseowners see giving up as best option (msnbc.msn.com)
Personal Finance Columnist Caught Up in Fraud (nytimes.com)
Rising Risks in Municipal Bonds Worry Investors (time.com)
Silicon Valley Foreclosures, Mar'09 Data (viewfromsiliconvalley.com)
Lose California public pensions billions, get a bonus! (sacbee.com)
Top Ten Enemies of Single Payer Healthcare (healthcare-now.org)
Navy SEALs begin pirate patrols on Wall Street? (thebarricadeblog.com)
House Staging with Photoshop! (harrisonburghomes.com)

Thank You Domingo A. ($25) and Xie L. ($20) for your kind donation.

Housing Crash News Links

Patrick — Fri, 17 Apr 2009 02:05:41 +0000

House As Shelter, Or Burden? (economist.com)
US Foreclosure Filings Jump as Moratoriums End (cnbc.com)
Hawaii foreclosures soar 503% in March (honoluluadvertiser.com)
Biggest Real Estate Bankruptcy In History (bloomberg.com)
Deflation Has Gone Global (Mish)
The Real Fiscal Crisis Is Yet to Come (knowledge.wharton.upenn.edu)
Looting Social Security (thenation.com)
Wells Fargo Appraisers Lawsuit (hbsslaw.com)
Is fear the cause of the business feeze? I think not (examiner.com)
Unsafe Money Market Guarantees Expire in April (geldpress.com)
Goldman Sachs Tries to Shut Down Financial Blogger (marketoracle.co.uk)
No End Yet for Downturn in Housing, New Data Sugges (nytimes.com)
Why a 50% Drop in Housing Is Not the Bottom (Charles Hugh Smith)
T2 Partners Presentation (scribd.com)
Yahoo plans to eliminate up to 600 jobs (sfgate.com)
Unemployment Impacting S. California's Rental Markets (nuwireinvestor.com)
Commercial real estate market softens (sfgate.com)
On the front lines of the US meltdown (macleans.ca)
Empty Florida houses may return to nature (latimes.com)
Economist Predicts Future (dilbert.com)

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

Housing Crash News Links

Patrick — Thu, 16 Apr 2009 02:05:49 +0000

Decent Rental Housing Still Unaffordable for Low-Wage Workers (usnews.com)
It takes 4.1 minimum-wage workers to rent a 2-br apt in Hawaii (starbulletin.com)
A Staggering Swindle: How It Happened in 2008 (voiceofsandiego.org)
Government Sachs (nytimes.com)
US Treasury Spews $10 Bln More For Banks, Not People (reuters.com)
Fannie, Freddie Face Pressure to Revamp (bloomberg.com)
Bankers vs. Economists: Who deserves more blame? (newsweek.com)
Factory, Inflation Data Show Continued Weakness (npr.org)
Biggest drop in US industrial output since World War II (marketwatch.com)
California Layoff Notices (sfgate.com)
Bankruptcies surge despite law meant to curb them (apnews.myway.com)
Foreclosure halted, but no one told the owner (nctimes.com)
Faces Of The Recession (facesoftherecession.blogspot.com)
A Modest Proposal: So Long, Florida! (thebarricadeblog.com)

Thank You Gary K. ($50) for your kind donation.

Housing Crash News Links

Patrick — Wed, 15 Apr 2009 02:06:09 +0000

The Coming Siege of Austerity (jameshowardkunstler.typepad.com)
Goldman's Unexpected Earnings; Government's New Foreclosure Solution (seekingalpha.com)
Goldman Accounting Gimmicks (optionarmageddon.ml-implode.com)
Where were the accountants? (informationclearinghouse.info)
It's Lost Jobs, Not Mortgage Payments (seekingalpha.com)
US Retail Sales "Unexpectedly" Drop as Jobs Evaporate (bloomberg.com)
Roubini sees more job losses ahead (pbs.org)
Where are the Best Cities for Job Growth? (newgeography.com)
CA to enjoy housing's best price improvement, 50% off! (lansner.freedomblogging.com)
Housing and Bad Assumptions (patrick.net)
Tax day: Uncle Sam won't make ends meet (biz.yahoo.com)
Tips for those who can't pay their taxes (sfgate.com)
Bankruptcy filings reach 10-year high (signonsandiego.com)
Solution to Chronic Homelessness Is Simple: Housing (miller-mccune.com)
Irony For Dummies (patrick.net)
Trillion Dollar Bailout - The Game (addictinggames.com)

Thank You Anonymous ($100) for your kind donation.

Housing Crash News Links

Patrick — Tue, 14 Apr 2009 02:05:16 +0000

Is Goldman Sachs Manipulating the Stock Market? (goldmansachs666.com)
Time To Breakup Goldman Sachs (Mish)
Expert financial advice: Ignore the financial experts (newsok.com)
Financial Geniuses Now Fit to Be Fed to Lecter (bloomberg.com)
Foreclosure Graph of Brevard County, FL (patrick.net)
The New Condo Reality (online.wsj.com)
Could Condo Prices Fall to Zero? (theaffordablemortgagedepression.com)
Housing Slump Begins To Hit Manhattan & The Hamptons (istockanalyst.com)
Hamptons, NY House Sales Plunge 67% in First Quarter (bloomberg.com)
Billionaire Jeff Greene Is Not Running With The Bulls (cnbc.com)
10 ways the new economy will look different (csmonitor.com)
Are FHA loans next big risk? (dispatchpolitics.com)
Whats the tab for bailout? Take your pick (msnbc.msn.com)
The Financial War Against Iceland (marketoracle.co.uk)
A Conversation with Economist Robert Shiller (miller-mccune.com)
Banks very slow to sell off foreclosures (msnbc.msn.com)
Rented Identities, Extravagant Prices and Foreclosure (voiceofsandiego.org)

Housing Crash News Links

Patrick — Mon, 13 Apr 2009 02:05:16 +0000

Why We're Not at the Beginning of the End (robertreich.blogspot.com)
It's Now a Renter's Market (businessweek.com)
Deception in house selling moves to a new stage (marketplace.publicradio.org)
Lawyer's legal detail may stop NJ foreclosures (blog.nj.com)
Goldman Sachs hires law firm to shut blogger's anti-Goldman site (telegraph.co.uk)
HUD's "Dollar Houses" feed taxpayer cash to private investors (latimes.com)
Owners demand lower house valuations, unless talking to buyers (reuters.com)
Cities Turn to Fees to Fill Budget Gaps (nytimes.com)
Easy lending hurts young buyers in Australia (theaustralian.news.com.au)
Lehman Shock Fuels New Wave of Homeless in Osaka, Japan (bloomberg.com)
Most Harvard Grads Go Into Finance Fraud (nytimes.com)
Fraud "talent" metastasizing from Wall Street to elsewhere (nytimes.com)
Copy of $237,602 FDIC job listing (patrick.net)
Bad Economy Compared to What? (archinect.com)
Moody's Downgrades The Whole Country (businessinsider.com)
No Return to Normal (washingtonmonthly.com)
Socialism has failed. Capitalism is bankrupt. What's next? (guardian.co.uk)
Who owns the land in America? (patrick.net)
The Top 10 Signs You Are Living in a Banana Republic (thebarricadeblog.com)
Chinese Drywall, When Ground Up, Makes A Fine Infant Formula Too! (nytimes.com)
They shoot real estate agents, don't they? (salon.com)

Thank You Jon M. ($100) for your kind donation.

Housing Crash News Links

Patrick — Fri, 10 Apr 2009 02:05:09 +0000

Lower US rents cheering up renters (uk.reuters.com)
Falling Rents Bring Welcome Relief As Vacancies Hit Five-Year High (bloomberg.com)
Redding, CA rental market increasingly affordable (redding.com)
SF office rents plunge 24% in year, helping tenants (sfgate.com)
Manhattan Affordability Increasing Steeply (nytimes.com)
Buyers Happy About Manhattan Housing Market (gothamist.com)
Las Vegas prices continue to improve for buyers (lvrj.com)
Housing Market Datapoint of the Day (seekingalpha.com)
Florida condos on blacklist ripe to become simple rentals (marketplace.publicradio.org)
Dear Bank, Produce The Note! (americanfreepress.net)
US pro-debt policies caused housing bubble (herald-mail.com)
US Treasury Privatized Profits And Socialized Losses (newgeography.com)
US May Enlist Small Investors in Bank Bailout (nytimes.com)
Buffett's Berkshire Loses Top Credit Rating (bloomberg.com)
Fed Interest Rate Fixing Means Wells Fargo's Record Profits (finance.yahoo.com)
Fed Invites Inflation (nytimes.com)
Author who predicted crisis sees inflation ahead (reuters.com)
After all, It's Just a House (blog.youwalkaway.com)

Housing Crash News Links

Patrick — Thu, 09 Apr 2009 02:06:25 +0000

Only 30% of foreclosures listed for sale so far (sfgate.com)
CA Foreclosures About to Soar (fieldcheckgroup.com)
Why house prices may never recover (articles.moneycentral.msn.com)
Average Canada house price will fall to $246,000 in '09 (financialpost.com)
Apartment rents fall in Southern California (latimes.com)
New Hampshire Court Suppresses Blogger's Freedom Of Speech (citmedialaw.org)
Goldman Sachs Threatens A Different Blogger (goldmansachs666.com)
Bernanke's: A Glide-path to destitution (patrick.net)
States' warnings about subprime loans were ignored (idahostatesman.com)
Housing agencies cook their books, then ask for $300M stimulus cash (usatoday.com)
The Obama Teams Disclosure Documents (propublica.org)
1819: America's First Housing Bubble (mises.org)
Homeward Rebound: Weathering the Storm With Kin (online.wsj.com)
Two dozen charged in alleged gang-led mortgage fraud (reuters.com)

Housing Crash News Links

Patrick — Wed, 08 Apr 2009 02:05:10 +0000

Hawaii Neighbor Island house sales plunge (honoluluadvertiser.com)
Crush of foreclosures coming to Southwest San Diego (nctimes.com)
San Diego foreclosure missing $1 million in furnishings (signonsandiego.com)
Houston prices fall for first time in 14 years (chron.com)
Mortgage delinquencies soar in the U.S. (reuters.com)
Whitney expects house prices to fall another 30% (cnbc.com)
As Values Fall, Property Tax Revolt Brews (abcnews.go.com)
Economy Falling Years Behind Full Speed (nytimes.com)
Consumer Credit Plateaus (optionarmageddon.ml-implode.com)
Greatest Credit Card Debt Plunge Ever (businessinsider.com)
Wall Street rocket scientists crash to Earth (news.id.msn.com)
Top US economic adviser got $8M from Wall Street last year (richardbradley.net)
The Banker-Government Complex Must Go (naomiklein.org)
Lets Not Reinflate the Housing Bubble (article.nationalreview.com)
Toxic debts could reach $4 trillion burden on taxpayers (business.timesonline.co.uk)
UC Berkeley professor takes on school spending (latimes.com)
Student debt and defaults surge (features.csmonitor.com)

Thank You Danielle D. ($100) for your kind donation.

Housing Crash News Links

Patrick — Tue, 07 Apr 2009 02:05:12 +0000

The bailouts have only one goal: keep rich people from taking losses (sfgate.com)
Jobs continue to evaporate, eliminating more buyers (biz.yahoo.com)
Consumers fall behind on loans at record rate (usatoday.com)
Are FHA loans the next housing time bomb? (moneyfeatures.blogs.money.cnn.com)
On Bubbles And Depressions (seekingalpha.com)
Loan losses may exceed Great Depression levels (bloomberg.com)
US Recovery Is Far Off: Soros (cnbc.com)
Analysis of Case-Shiller Price Data (theaffordablemortgagedepression.com)
Lies, Damned Lies, and Housing Statistics (debtdeflation.com)
How to Clean a Dirty Bank (nytimes.com)
Estimated U.S. taxpayer cost for bailout jumps (reuters.com)
Did anyone care about those harmed by bubble prices? (scoop.co.nz)
Two Documents To Understand the Crisis (huffingtonpost.com)
Bill Moyers interview of Bill Black as video (pbs.org)
Benefits of Single-Payer Health Care (phimg.org)
Communities Printing Own Money To Keep Cash Flowing (huffingtonpost.com)
Artist's Rendition on the State of the Economy (Mish)

Housing Crash News Links

Patrick — Mon, 06 Apr 2009 02:05:31 +0000

Best Way to Rob a Bank Is to Own One (pbs.org)
Government opposed to families' enjoying lower house prices (cnn.com)
Appraisers struggle to keep lying about house values (ajc.com)
Banks Encouraged to Fraudulently Price Their Assets (nytimes.com)
FHLB Chairman Quits after Accounting Fraud Approved (seekingalpha.com)
Fannie, Freddie worker bonuses total $210M (news.yahoo.com)
Fannie, Freddie Quietly Lift Moratorium on Foreclosures (washingtonindependent.com)
Aid to Borrowers Not Preventing Rising Delinquency (washingtonpost.com)
Report finds U.S. mortgage problems increasing (sfgate.com)
This housing correction has a way to go yet (independent.co.uk)
Why lower interest rates won't lead to higher house prices (interest.co.nz)
The real unemployment rate: 15.6% (articles.moneycentral.msn.com)
Experts brace for new wave of foreclosures (mydesert.com)
Dangerous Real Estate Investing Myths (marketoracle.co.uk)
Geithner's Fecal Recycling Plan Nixed By Big Fund (nypost.com)
Here's A Better Plan: Bite the Bullet (seekingalpha.com)
Why Creditors Should Suffer, Too (nytimes.com)
Gains get reported, losses get ignored! (patrick.net)
Madoff's house in Florida lost almost $2M in value (news.yahoo.com)
Who Owns the World - Largest Landowner (whoownstheworld.com)

Housing Crash News Links

Patrick — Fri, 03 Apr 2009 02:05:03 +0000

Manhattan Co-Op Prices Decline 22%, Most Since 1995 (bloomberg.com)
As Wall Street Punished, Manhattan apartment prices fall (reuters.com)
Commercial Property Defaults Rise as Equity Dries Up (bloomberg.com)
Consumer loan delinquencies highest on record (uk.reuters.com)
Gov't sees loan defaults rise (google.com)
Bailout Cash Nears GDP as Pledges Top $12.8 Trillion (bloomberg.com)
Why The Stimulus Will FAIL in Vermont And Everywhere Else (ashizashiz.blogspot.com)
US seen facing danger of 2nd recession next year (reuters.com)
Mortgage Insurance Woes Grow for Fannie, Freddie (housingwire.com)
Jumbo Prime R.I.P. (minyanville.com)
Rents falling as vacancies rise at major complexes (northcountytimes.com)
Pity The Forgotten Rich (nytimes.com)
New Accounting Rules for Mortgage Bonds Encourage Fraud (nytimes.com)
Congress And New Fraudulent Accounting Rules (216.157.72.247)
Gov't wants easy mortgages and few foreclosures: a contradiction (vancouversun.com)
House buyer smarts should be taught in high school (buffalonews.com)
An Honest Realtor (patrick.net)
Patrick's Property Honesty page, second try (patrick.net)

Thank You Dragos P. ($30) for your kind donation.

Housing Crash News Links

Patrick — Thu, 02 Apr 2009 02:04:55 +0000

House Prices Lower, But Still No Bargain (online.wsj.com)
House Prices in 20 U.S. Cities Fell by a Record 19% (bloomberg.com)
Record Drop in Index of Home Prices (nytimes.com)
Sacramento sales of new houses continue to plummet (sacbee.com)
SF, US house prices in free fall (sfgate.com)
China speaks and the world finally listens (business.theglobeandmail.com)
Protesters clash with police at Bank of England (sfgate.com)
G20 Anarchists Set London Financial District Ablaze (gnews.com)
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion (bloomberg.com)
FDIC, please don't waste money on Geithner's plan (optionarmageddon.ml-implode.com)
Housing in Affordability Spiral, Ending Mortgage Slavery (seekingalpha.com)
Financial Terrorism and You (moneyandmarkets.com)
Boats Too Costly to Keep Are Littering Coastlines (nytimes.com)
It's Lovely! I'll Take It! (lovelylisting.com)
The Only Way Out Of This Crisis Is To Build More Houses (theonion.com)
How The Treasury Values Assets (youtube.com)

Thank You Joshua Z. ($20) for your kind donation.

Housing Crash News Links

Patrick — Wed, 01 Apr 2009 02:05:07 +0000

Wonderful Case-Shiller House Price Declines, by Metro Area (blogs.wsj.com)
Bay Area Update: Cost of $600k House Falls to $341K (healdsburgbubble.blogspot.com)
House-Price Drops Bring Much Needed Relief From Insanity (online.wsj.com)
House price relief at record pace in January (marketwatch.com)
House Prices Fall Anew As Consumers Wise Up (npr.org)
Don't be fooled - house prices have a long way to fall yet (moneyweek.com)
How Bailouts Butcher Capitalism (biz.yahoo.com)
Fed's Move to Lower Mortgage Rates May Backfire On Market (finance.yahoo.com)
Mortgage Rates Cut By Builders Spark "Underwhelming" Interest (online.wsj.com)
In the Exurbs, the American Dream Is Up for Rent (online.wsj.com)
Banks Capture Government (patrick.net)
Financialindustry made worst bet in history (guardian.co.uk)
Doh! They've got to be able to repay the loan (themessthatgreenspanmade.blogspot.com)
Barney Frank supports letting banks lie about asset values (marketwatch.com)
No one in their right mind would lend to Paraguay in guaranis... (idahostatesman.com)
Russia backs return to Gold Standard to solve financial crisis (telegraph.co.uk)
Kansas City and Plains are a Zone of Sanity (newgeography.com)
"The Simpsons" Mocks The Bailouts (huffingtonpost.com)
Bailout: It's so easy even Tim Geithner can do it. (nalert.blogspot.com)

Thank You Konstantine ($12 and a silver dime!) for your kind donation.

Housing Crash News Links

Patrick — Tue, 31 Mar 2009 02:05:01 +0000

Banks Starting to Walk Away From Foreclosures (nytimes.com)
FHA Mortgage Defaults, Delinquencies Rise (online.wsj.com)
Foreclosure starts rise, but few houses actually auctioned (idahostatesman.com)
Apartment vacancies surge on job losses, new inventory (seattlepi.com)
Real estate: Oh, how things have changed (whittierdailynews.com)
Accounting Corrupted By Congress To Boost Bank "Profits" (bloomberg.com)
Desperate efforts to prevent sane re-pricing of real estate (jameshowardkunstler)
AIG chiefs pressed to donate to Dodd (washingtontimes.com)
AIG Was Responsible For Banks' Recent Profitability (zerohedge.blogspot.com)
Fed and Treasury's Power Pact (bloomberg.com)
Financing the Empire (counterpunch.org)
Asia's savers are not the culprits (atimes.com)
GM CEO gets $23 million estimated pension (msnbc.msn.com)
Is BofA's Lewis the Next CEO in the Hotseat? (cnbc.com)
Billionaire Peter Peterson's Foundation (pgpf.org)
America the Tarnished (nytimes.com)
Paul Krugman: Obama's Nobel Headache (newsweek.com)
Your Moment of Obama Zen (paul.kedrosky.com)
George Carlin Lives On (dvorak.org)

Thank You Lisa G. ($235) for your kind donation.

Housing Crash News Links

Patrick — Mon, 30 Mar 2009 02:05:51 +0000

Luxury Houses Lingering on Market (businessweek.com)
SF Bay Area down 59%, from $720,000 to $295,000! (sfgate.com)
7 states see jobless rate top 10%, eliminating buyers (finance.yahoo.com)
People-less Houses, Homeless People (patrick.net)
US programs seen too late to stem foreclosure wave (reuters.com)
Walk away? Calculator helps you decide (youwalkaway.com)
New House Sales Fell 41% in February 2009 (ritholtz.com)
San Diego House Prices Reasonable At Last (voiceofsandiego.org)
Why Are These Renters Smiling? (nytimes.com)
The Quiet Coup: Banks took over America (theatlantic.com)
When Banks Rob People (patrick.net)
Bank of America To Use Bailout To Increase Banker Salaries (bloomberg.com)
Bank of America Accused in Ponzi Lawsuit (nytimes.com)
Hang the Bankers! Getting Ready to Vent in London (time.com)
Will Geithner, Summers Succeed in Raiding the FDIC, Fed? (huffingtonpost.com)
Public Central Bank (publiccentralbank.com)
Bank of North Dakota -- State Owned -- Is Very Profitable (dvorak.org)
Peering into the Abyss (lewrockwell.com)
What Can $150k Buy in Real Estate Around the World? (matadorlife.com)
Far lower costs lure US patients abroad for treatment (cnn.com)

Housing Crash News Links

Patrick — Fri, 27 Mar 2009 02:05:15 +0000

Jobless rolls swell again, meaning fewer buyers (finance.yahoo.com)
Why house ownership is U.S. obsession (marketplace.publicradio.org)
Project HOPE for Houseowners - remember that one? (money.cnn.com)
Bring on the bargains in NY (ny.therealdeal.com)
Cutting through the NAR's latest bull (seekingalpha.com)
Rebound in house sales? Hardly. (patrick.net)
A Comment on Geithner's Plan (solari.com)
Again, Tim Geithner Gets It Exactly Wrong (realclearmarkets.com)
Fixed Mortgage Rate Manipulated By Fed to Lowest on Record (bloomberg.com)
Land of the Free to Whine (thelastgoodidea.blogspot.com)
Wall Street To Washington: "I Want My Campaign Contributions Back" (tpmmuckraker.talkingpointsmemo.com)
The AIG Death Threats (huffingtonpost.com)
Roubini Says Stocks Will Drop as Banks Go Belly Up (bloomberg.com)
Profile of NYU Economist Roubini (portfolio.com)
Why I Moved To Ecuador (counterthink.com)
The global housing market goes from bad to worse (economist.com)
Rahm Emanuel's profitable stint at mortgage giant - unbiased? (chicagotribune.com)
Exactly when Congress sold out to the banks: 1999 (nytimes.com)
Our New Financial Product (dilbert.com)
South Park Banking Episode (xepisodes.com)

Thank You Anonymous in Washington DC ($25) for your kind donation.

Housing Crash News Links

Patrick — Thu, 26 Mar 2009 02:05:24 +0000

California House Prices Decline 41% (bloomberg.com)
Silicon Valley may be entering another nuclear winter (economist.com)
Geithner Update: Grab Yer Ankles and Say "Uncle Sam" (patrick.net)
Shut Down the Federal Reserve (greatdepression2006.blogspot.com)
Nobel Laureate: Replace the Dollar (businessweek.com)
Why Eliot Spitzer was assassinated (brasschecktv.com)
Loan Modification Not Enough To Stop Walkaways (youwalkaway.com)
UCLA Forecast: dark days (latimes.com)
America is a slow learner (realclearmarkets.com)
EU presidency: US stimulus is 'the road to hell' (sfgate.com)
Vandals target Scotland bank's former CEO's house and car (guardian.co.uk)
So I said to Gordon Brown, I said... (blogs.telegraph.co.uk)
Argentina's Experience With Currency Devaluation: The Corralito (en.wikipedia.org)
Seychelles: Paradise goes bankrupt (money.cnn.com)
February Sales Spin (viewfromsiliconvalley.com)
Are Those Assets 'Toxic,' 'Dodgy,' 'Devalued' or Just 'Legacy'? (wallstreetandtech.com)
Legacy? Try Fecal (patrick.net)
Former Stripper Pleads Guilty in Mortgage Fraud Scheme (washingtonpost.com)

Housing Crash News Links

Patrick — Wed, 25 Mar 2009 02:05:09 +0000

The Sherminator Kicks Some Wall Street Ass (dailybail.com)
China Angry That Fed Is Deliberately Destroying The Dollar (bloomberg.com)
China suggests switch from dollar as reserve currency (news.bbc.co.uk)
What are the reserve currencies? (s.wsj.net)
Anatomy of a taxpayer giveaway to investors (optionarmageddon.ml-implode.com)
Geithner rescue package 'robbery of the American people' (telegraph.co.uk)
Geithner just put only the rich in Titanics lifeboats (examiner.com)
Geithner Plan Will Rob US Taxpayers (cnbc.com)
A False Choice (viewfromsiliconvalley.com)
Bargain-hunting house buyers wearing on sellers ajc.com (ajc.com)
Time to Take the Steering Wheel out of Geithner's Hands (alternet.org)
Socialising and Privatising (freeradical.co.nz)
Peter Schiff: You're Better Off as a Renter (audio - lewrockwell.com)
Fannie, Freddie to pay out bonuses (politico.com)
Fitch Raises Prime Jumbo Loan Loss Estimates Sharply (researchrecap.com)
Please vote on "Home Ownership" questions for Obama (whitehouse.gov)

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

Housing Crash News Links

Patrick — Tue, 24 Mar 2009 02:04:49 +0000

Mortgage deduction is huge subsidy to the rich (blogs.usatoday.com)
Canada has few foreclosures (and no mortgage deduction) (seekingalpha.com)
Krugman Trashes Geithner's Bank Plan...And Obama (businessinsider.com)
Putting off Hard Choices with Easy Money (hussmanfunds.com)
Geither Screws The Public To Benefit The Banks, Again (patrick.net)
Why the Banking Crisis Is Far From Over (newsweek.com)
More Lending Won't Help (jameshowardkunstler.typepad.com)
Chronology of Failed Inititives (images.businessweek.com)
TARP Funds Get Recycled as Political Contributions (newsweek.com)
Protesters Descend on Lavish AIG Execs Houses (nbcphiladelphia.com)
Minnesota's housing wastelands (startribune.com)
Real estate bust has them filing into bankruptcy hearings (tampabay.com)
If You Rented, You'd Be Home by Now (amazon.com)
JP Morgan CEO on what went wrong (youtube.com)
LET IT DIE: Rushkoff on the economy (arthurmag.com)
The couple whose mortgage fell from 1,500 a month to a PENNY (dailymail.co.uk)
More Women Going From Jobless to Topless (money.aol.com)

Thank You Jon M. ($100) for your kind donation.

Housing Crash News Links

Patrick — Mon, 23 Mar 2009 02:04:42 +0000

The Big Takeover (rollingstone.com)
San Francisco Bay Area House Prices Dip Below $300,000 (bloomberg.com)
Bay Area house median falls below $300,000 (sfgate.com)
Americans fear house price drop accelerating (news.yahoo.com)
Spring Sale: House Sellers May Flood the Market Soon (nbcphiladelphia.com)
Up in Smoke: The Deposit Vanishes (nytimes.com)
Condo owner, 83, with onerous mortgage is set to walk away (marketwatch.com)
Half of us have one month of cash cushion if laid off (seattletimes.nwsource.com)
Bank of America Stuck With Real-Estate Chief's Unsold House (bloomberg.com)
Fed Monetized Debt When Foreign Debt Holders Stop Buying (geldpress.com)
Debt Man Walking (japanfocus.org)
The Fed vs Savers (patrick.net)
How to create a financial crisis (examiner.com)
Former IMF economist: housing may not bottom for another two years (pbs.org)
Ron Paul March 18, 2009 House Floor (youtube.com)
They Think They Deserve Those Bonuses (cnbc.com)
We should fire everyone at AIG (nytimes.com)
Oh THAT'S why we are bailing out AIG (thelastgoodidea.blogspot.com)
Too True To Be Funny (caglecartoons.com)
Another Hidden Flaw In Ownership (patrick.net)

Housing Crash News Links

Patrick — Fri, 20 Mar 2009 02:05:23 +0000

Fed crosses rubicon, setting off firestorm (marketwatch.com)
Bernanke's economic strategy: Trillions now, worry later (latimesblogs.latimes.com)
Dollar Rally Crumbles as Fed Ramps Up Printing Press (bloomberg.com)
Fed Will Buy Everything That's Not Nailed Down (prudentinvestor.blogspot.com)
More Debt: A False Solution To A Credit Crisis (postchronicle.com)
US Debt Passes $11 Trillion (optionarmageddon.ml-implode.com)
'Meltdown' author blames policy and Fed (upi.com)
The Fed Did It, and Greenspan Should Admit It (mises.org)
Forget bonuses. We're being bilked out of tens of billions! (patrick.net)
Million Dollar Bonu$e$ at Fannie Mae (pajamasmedia.com)
Fannie Mae: Selling Foreclosures In A Tricky Market (npr.org)
Five Wall Street Whoppers (seekingalpha.com)
Houses versus stocks (economist.com)
Fears grow as more consumers just a paycheck or two from ruin (marketwatch.com)
Owners skulking away from underwater US houses (reuters.com)
California median house price down 40 percent (sfgate.com)
Repo sales continue to drive Sacramento house market (sacbee.com)
George Soros interview: A very good crisis (theaustralian.news.com.au)

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Housing Crash News Links

Patrick — Thu, 19 Mar 2009 02:05:03 +0000

AIG's Counterparties Should Pay Us Back for Bonuses (minyanville.com)
Is AIG Bailout a Smokescreen? (dadtalk.typepad.com)
The Real AIG Conspiracy (counterpunch.org)
Hey, what about Freddie Mac's retention bonus plan? (hotair.com)
Housing Starts Rebound: Don't Get Too Excited (seekingalpha.com)
Don't Count on Manhattan RE as an Inflation Hedge (urbandigs.com)
South CA median house price falls to $250,000, down 39% (latimes.com)
Actual Sales Prices Only Half of Asking Prices (patrick.net)
Discuss Specific Addresses (patrick.net)
"The floodgates could open." Right. (themessthatgreenspanmade.blogspot.com)
Credit is a drug. The Fed is America's dealer. (optionarmageddon.ml-implode.com)
US Bailouts Add to Risk of Depression (bloomberg.com)
Look up your bank (banktracker.investigativereportingworkshop.org)
Banks Ignore Obama Plan (youwalkaway.com)
Social investors could take over and reform corporations (knol.google.com)
Frugality is back in fashion (thestar.com)
Madoff's Wife Protects The Loot (bloomberg.com)
Scenes from the recession (boston.com)
San Quentin Prison Seen as a Hot Property (online.wsj.com)

Housing Crash News Links

Patrick — Wed, 18 Mar 2009 02:04:53 +0000

Senator suggests AIG execs should kill themselves (news.yahoo.com)
Grassley: AIG execs should repent, not kill selves (sfgate.com)
Once paid, AIG bonuses will be hard to recover (sfgate.com)
Real Scandal of AIG: executives accountable to no one (robertreich.blogspot.com)
Judge Rules Vallejo Can Void Union Contracts (Mish)
Freddie Mac: The Government's Next Black Hole? (time.com)
Bernanke's False Analogy of "A Burning House" (informationclearinghouse.info)
Bernanke's Witness Protection Program (patrick.net)
The Real Ponzi Scheme: Unreal Interest Rates (news.goldseek.com)
Chicago's Condo Market on Ice (chicagopublicradio.org)
Oahu rents likely to keep falling (honoluluadvertiser.com)
Good graphs of Las Vegas crash (lasvegassun.com)
Banks failures still relatively few (msnbc.msn.com)
Why bailout money goes to banks, not us (sfgate.com)
IRS Plans a Deduction for Madoff Victims (nytimes.com)
Residential mortgage fraud hit all-time high in 2008 (signonsandiego.com)
For Many Young Irish, First Taste of Hard Times (washingtonpost.com)
Financial Secrets of the Wizard of Oz (news.bbc.co.uk)
Golden Gate Economics (youtube.com)

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Housing Crash News Links

Patrick — Tue, 17 Mar 2009 02:04:37 +0000

AIG Must Fail (blog.rebeltraders.net)
AIG Is Obligated To Pay Bonuses? Bull! (information-security-resources.com)
Obama: AIG can't justify 'outrage' of exec bonuses (finance.yahoo.com)
Administration Says NO to Mortage Modifications (reallyfuckedhomeowner.com)
Obama's No Socialist. I Should Know. (washingtonpost.com)
Some say banks choose to lose money (9news.com)
Banks scramble to return bailout funds (latimes.com)
Mortgage Fraud Up As Credit Tightens (washingtonpost.com)
Walking way from a house and a mortgage (latimesblogs.latimes.com)
NAR Continues to Spew BS (thelastgoodidea.blogspot.com)
Buffett Benefits From Bailouts (newgeography.com)
High end Hamptons Prices Falling (nytimes.com)
England heading towards 1930s-style depression (telegraph.co.uk)
Housing market crash hits Shanghai's expat population (shanghaiist.com)
Orthodox Jewish Analysis Of Financial Crisis (ou.org)
Excellent Peter Schiff Speech (long MP3 - mises.org)
Blog Art: The American Economy (optionarmageddon.ml-implode.com)

Thank You Suzanne B. ($50) for your kind donation.

Housing Crash News Links

Patrick — Mon, 16 Mar 2009 02:05:08 +0000

Patrick: I thought the bust would be more gradual (lansner.freedomblogging.com)
The High Cost Of Subsidizing Bad Decisions (ibdeditorials.com)
Citi Using Taxpayer Dollars To Pay Millions In Signing Bonuses (businessinsider.com)
High-end sellers delusional about property's value (bubbleinfo.com)
Mortgage default notices reach record high in Santa Clara County (mercurynews.com)
In Silicon Valley and nationwide, underemployment grows (contracostatimes.com)
Silicon Valley Foreclosures, Feb'09 Data (viewfromsiliconvalley.com)
SF Seasonal Bounce To Be Lower Than Ever (socketsite.com)
Detroit's dirt-cheap and dangerous real estate attract artists (detnews.com)
England house prices will plummet; scary chart (moneyweek.com)
Builder: It is 'rational' for homeowners to walk away (inbusinesslasvegas.com)
Thoughts on Walking Away From Your Mortgage (nytimes.com)
Imaginary Household "Wealth" Falls by Trillions (nytimes.com)
China's Leader Says He Is 'Worried' Over US Treasuries (nytimes.com)
Credit Default Swaps explained clearly in five minutes (nalert.blogspot.com)
Marxist Critique of Capitalist Globalization (monthlyreview.org)
Suburbia RIP? (finance.yahoo.com)
There's No Pill for This Kind of Depression (online.wsj.com)
Madoff Had Accomplices: His Victims (nytimes.com)
Madoff Behind Bars Walt Handelsman (weblogs.newsday.com)

Thank You Hien L. ($20) for your kind donation.