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Why It's A Terrible Time To Buy An Expensive House
Because house prices will keep falling in the areas where prices are still dangerously high compared to incomes and rents... Read more http://patrick.net/housing/crash1.html

Fri Sep 2 2011

How Las Vegas gambled and lost (com.au)
Nevada wallops Bank of America with sweeping suit (centralvalleybusinesstimes.com)
No housing bottom in sight (businessinsider.com)
More short sales bring new scam: flopping (msn.com)
For Graduates, a Shrinking Payoff (nytimes.com)
Job insecurity is a rising fear among employed (msn.com)
Property values continue to decline in Australia (com.au)
Reponse from DOJ about blocking ATT/TMobile merger (patrick.net)
The average Joe is being harmed to benefit CEOs and banks (rt.com)
Chant of tax the rich growing louder in nation (sfgate.com)
When Debt is Fraud, Debt Forgiveness is the Last and Only Remedy (Charles Hugh Smith)
Debt after death: Banks chase down mourners (cnn.com)
No one wants a strong currency (libertadme.com)
Benny and me (wcvarones.com)
Opinions Are Impervious To Reality (youarenotsosmart.com)

Thu Sep 1 2011

The Two-Tier Housing Market (theatlantic.com)
2009 bear rally knife catchers consistently overprice their homes (irvinehousingblog.com)
Foreclosure Pipeline in NY is 693 months and 621 Months in NJ (blogspot.com)
Housing market: Foreclosures to the rescue! (cnn.com)
Shadow inventory Armageddon (doctorhousingbubble.com)
A Huge Housing Bargain — but Not for You! Why not? (solari.com)
Preventing housing bubbles (com.au)
Australian housing falls accelerate (com.au)
S&P Rates Subprime Mortgages Higher Than US (bloomberg.com)
Renters pose as owners, steal house-equity cash (ocregister.com)
The Massive CEO Rewards for Tax Dodging (www.ips-dc.org)
Annual Inflation hits 4% as measured by MIT (mit.edu)
Chicago Fed backs more easing (marketwatch.com)
Reverse Mortgages: Do the Benefits Outweigh the Risks? (dailyfinance.com)
A Conversation With a House "Owner" (youtube.com)

Wed Aug 31 2011

Government's expensive idea to reward imprudent borrowing (irvinehousingblog.com)
Foreclosures made up 31 pct of home sales in 2Q (sacbee.com)
Foreclosure Discount Gets Bigger and Bigger (ourbroker.com)
Seemingly uber-cheap "recently sold" houses on Zillow? (patrick.net)
Wealthy Use Auctions to Sell US Mansions as they Languish on Market (bloomberg.com)
Housing Prices Drop 5.9% vs. Year-Ago (blogspot.com)
Housing's Rise and Fall in 20 Cities (nytimes.com)
The Rise of the Renter (adage.com)
Guilty plea for woman who bilked would-be renters (sfgate.com)
A dispirited Fed Chairman emerges from Jackson Hole (dailycapitalist.com)
U.S. Government Merits a Junk Credit Rating (bloomberg.com)
Let's tell Obama we do NOT want to restore bubble prices (patrick.net)
What Special Interests are Bankrolling the 2012 Presidential Candidates? (opensecrets.org)
Tea Party Congressman Calls For Tax Breaks To Put Out Raging Wildfire (theonion.com)

Tue Aug 30 2011

Housing refinance proposal unfair to most houseowners (and renters!) (thehill.com)
US housing market needs renovation (com.au)
U.S. housing market stuck in slump (winnipegfreepress.com)
Generation of houseowners stuck in first houses (sacbee.com)
Buy a rental before a primary? (patrick.net)
Words of wisdom from someone who predicted end of housing boom (miamiherald.com)
The Financial Storm Brewing (blogspot.com)
Rail Traffic Still Consistent With Stagnant Growth (pragcap.com)
The Fed’s Wall Street Rescue Missed Main Street (nytimes.com)
Australian house prices drift lower amid muted buyer interest (com.au)
Australian new house sales tank again (com.au)
English housing market set for a chilly autumn (co.uk)
Deploying Corporate Cash (ritholtz.com)
Wealthy Should Give Their Tax Cuts to Charity, Millionaire Says (wsj.com)
King of the road: The value of a vintage travel trailer (sfgate.com)

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