Debate:how to burst the real-estate bubble?
By Tom Foremski - October 16, 2008 The Invisible One Quadrillion Dollar Equation -- Asymmetric Leverage and Systemic Risk
Review by James PressleyFeb. 5 (Bloomberg) -- Let’s say you own a $1 million home in Santa Barbara, California.The house seemed like a steal when you bought it with that adjustable-rate mortgage in 2005. You still love the white beaches and those yachts bobbing up and down in the harbor.Then you awaken early one morning, troubled that your monthly payments will soon double. You go out to pick up your newspaper and see for-sale signs on five houses on the street. One identical to yours just sold for $500,000.
To build a global social pact for equitable and sustainable habitat now!In response to the global financial & housing crisis, international housing rights alliances call for essential change of global financial architecture and habitat financing
On the occasion of the financial summit of the G 20 in Washington International housing rights alliances call for fundamental change of global financial architecture and financing habitat
Homeowners Come Up Empty in Bailout By Mary Kane, The Washington IndependentOctober 8, 2008For people facing foreclosure — and for the housing and community development groups trying to help them — there’s been little to cheer about lately.
UK magazine on German housing privatisations Cash-strapped German councils are selling their homes to private investors. Simon Brandon looks at how the shift from not-for-profit provider to moneymaking venture is affecting communitiesStock transfers have proved extremely controversial, so try to imagine the reaction if the largest local authorities in England were to sell their housing stock to private investors.Fri, 22 Aug 2008, By Simon Brandon
A few days before Congress passed its Housing Bill, Carlene Balderrama of Taunton, MA found her own solution to the housing crisis. Just a little over two hours in advance of the time her mortgage company, PHH Mortgage Corporation -- may its name live in infamy -- was to auction off her home, Balderrama killed herself with her husband's rifle.
Tenants of an apartment building in the Washington Heights neighborhood of Manhattan gather in their lobby to discuss allegations of harassment by the building's owner. Published: May 9, 2008
SOUNDING more like a cartographer than a central banker, Ben Bernanke this week showed off the Federal Reserve’s latest gizmo for tracking America’s property bust: maps that colour-code price declines, foreclosures and other gauges of housing distress for every county.
What the misanthropic Jenkins calls a "small mental adjustment" is actually a government- subsidized economy of destruction -rather than production- divorced totally from human needs but instead dictated by the demands of those who deal in "moneyness."