My friend Matt Dollinger recently commented on a post by the longtime real estate expert Steve Harney. Both were commenting on the doom & gloom article from Time Magazine on how homeownership is overrated. Steve Harney rightfully takes Time to task: Again, they are simply arguing a miniscule point of an extensive research paper that … Read more
My friend Matt Dollinger recently commented on a post by the longtime real estate expert Steve Harney. Both were commenting on the doom & gloom article from Time Magazine on how homeownership is overrated. Steve Harney rightfully takes Time to task: Again, they are simply arguing a miniscule point of an extensive research paper that … Read more
[Note: This is a longer version of the original, which was posted on AOL Housingwatch a few days ago. I’m crossposting it because Notorious ROB has no space constraints and my readers are used to 2,000 word posts, heh. :)] In Part 1 of this series, where I laid out why I believe the 30-year fixed … Read more
Welcome to the first Carnival of Real Estate Policy. It seems impossible that the real estate blogosphere has gone so long without talking more about government policy given that real estate is a heavily regulated industry, and the more important organization in real estate is a industry lobby group (NAR). But for the most part, … Read more
In my earlier post on the New Normal in real estate, a commenter took issue with my predictions about the future of the 30-year fixed rate mortgage (among other claims). I thought I would expand on that aspect a bit. The specific mechanism that I think will be put in place is a change in … Read more
It’s a chilly, rainy day here in New Jersey under iron grey skies. If where you are is sunny, and you’re feeling happy and optimistic, and you want to stay that way, let me strongly suggest that you not finish reading this post. This is where I engage in paranoid fearmongering speculation. You have been … Read more
It’s a chilly, rainy day here in New Jersey under iron grey skies. If where you are is sunny, and you’re feeling happy and optimistic, and you want to stay that way, let me strongly suggest that you not finish reading this post. This is where I engage in paranoid fearmongering speculation. You have been … Read more
James Pethokoukis writes on Reuters today (h/t: Instapundit) that the Obama Administration may be planning to eliminate many/most/all underwater mortgages in a single swoop: Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage … Read more
James Pethokoukis writes on Reuters today (h/t: Instapundit) that the Obama Administration may be planning to eliminate many/most/all underwater mortgages in a single swoop: Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage … Read more