Case-Shiller reported January real estate today. Here, via Calculated Risk, the SF price history:
Archive for the ‘Housing Crisis’ Category
More to Come
Posted in Housing Crisis on March 31, 2009 | Leave a Comment »
Hotel News
Posted in Housing Crisis on March 26, 2009 | Leave a Comment »
This holds up, we are going to see hotel bankruptcies left and right – my sense is that most hotels cannot cover their operating costs (let alone their capital costs) below 55% occupancy: The U.S. hotel industry posted declines in all three key performance measurements during the week of 15-21 March, according to data from [...]
Liar Loans and Liar Books
Posted in Corruption, Housing Crisis, Meltdown on March 26, 2009 | Leave a Comment »
Jamie Galbraith is onto the scam:
Full Stewart-Cramer Throwdown
Posted in Housing Crisis, Housing Policy, Meltdown, Television on March 13, 2009 | Leave a Comment »
So Jim Cramer when on the Daily Show last night, and the good people at Viacom are sufficiently pleased with the response that they have decided to post the full, unedited interview. So, in three parts, watch out for some naughty words: It’s fun to pick on Cramer. He is a jerk, and he did [...]
Read the Rules
Posted in Foreigners, Housing Crisis, Housing Policy, Mexico on March 7, 2009 | Leave a Comment »
Another day, another story about a Donald Trump venture that turns out to be full of it. Proof that while you may not be able to fool all of the people all of time, it is possible to fool some of the people all of the time. But this particular property scam is in Rosario, [...]
Principal and Principle
Posted in Housing Crisis, Housing Policy on March 5, 2009 | 4 Comments »
The NYT has another proposal to grant mortgage relief – write down the principal as well as the interest of people whose houses are underwater or near underwater. For subprime and other non-prime loans, which account for more than half of all foreclosures, the best thing to do for the homeowners and for the bondholders [...]
From the Right
Posted in Housing Crisis, Meltdown on March 3, 2009 | Leave a Comment »
It is neither surprising nor helpful to see some of our fearless leaders on the Democratic side conflate the concepts of national corporate ownership and national guidance: “There is a commitment to restructure these companies, and we are going to want to retain a hand in the things that matter, like affordable housing and making [...]
Taxes
Posted in Housing Crisis, Miscellaneous on March 3, 2009 | Leave a Comment »
If these are the personal finance decisions being made by our high income earners, it should not be surprising at all that people with fewer resources and less education took out toxic loans: A 63-year-old attorney based in Lafayette, La., who asked not to be named, told ABCNews.com that she plans to cut back on [...]
Definition of Value
Posted in Housing Crisis, Meltdown on March 2, 2009 | 1 Comment »
Excellent article by Tim Duy, with this observation about the behavior of our leaders: Leaving aside those challenges, another problem is the one to which Yves alludes to – the persistent belief that current asset prices are currently “wrong.” There appears to be little thought given to the likelihood that past prices were “wrong.” Instead, [...]
Still Disconnected
Posted in Housing Crisis, Housing Policy, Meltdown on February 28, 2009 | 2 Comments »
If we are now facing 1996 prices for the S&P 500 (making this prediction oddly prescient), why is anyone surprised by talk of NY real estate dipping to – horrors – 2002 prices? With just under 50 units, the building is currently priced around $1,000 per square foot. Minimum bids will probably be set at [...]
