Skip to content

Monthly Archives: June 2011

Vegas housing market a fairy tale

26-Jun-11

The Vegas housing market is a fairy tale. The sales you see now are a matter of “belief” in spite of facts. If you buy, do so knowing you’ll see negative or no appreciation for 3 to 5 years; 2-3% appreciation at that point won’t even cover the initial closing costs. Bookmark on DeliciousDigg this […]

MarketWatch: 2011 worse than 2008

25-Jun-11

I concur. Further, I think this thing is far from over. I don’t actually believe our country will recover from this, from the rule of law to the social fabric…both have been shattered. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

HuffPo: American distrust of banks at a high

25-Jun-11

As it should be. There was a time I believed in the invisible hand and in the free market, in the notion that corporations would do right by the people. That belief, like Santa Claus and the Tooth Fairy, was nothing more than a fairy tale. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare […]

Fraud and other things in the mortgage industry

05-Jun-11

The fraud perpetrated on the Court, Debtors, and trustee would be shocking if this Court had less experience concerning the conduct of mortgage servicers So begins the Judge’s conclusion in one bankruptcy case concerning a clearly fraudulent mortgage servicer and owner. Well worth the read, via the NACA blog. Bookmark on DeliciousDigg this postRecommend on […]

Housing market: yep, still falling

01-Jun-11

Still not a good market, folks.  Unless you can tolerate further loss and/or are planning for the purchase to be your “forever” home, it is generally not a good time to buy. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Cohan: Warren should step down to facilitate change

01-Jun-11

Mr. Cohan believes Elizabeth Warren should give up and go back to Harvard, so someone more agreeable can chair the organization she’s putting together.  The theory goes this would let the poor banks implement the change…because having agreeable people has worked so well to date. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with […]