housing bust

Welcome to the 'housing bust' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'housing bust'.

Latest blogosphere posts tagged “housing bust”

• Strategic Default: Morgan Stanley Gives Properties Back to the Lender

  
  CHESSNOID — Authority: 135
  I think this article is a great example of why individuals need to view their real estate transactions as investments.  Does it make sense to hold on to a house that you purchased at the top of the market boom and hold on to it for 15 years just to break even ?  This is not a question of ethics, morals, and/or ...
  1 day ago

• 81 Year Old Lawrence Rickman tells the Credit Card company to shove it.

  
  CHESSNOID — Authority: 135
  The credit card companies are at war with consumers.  They have taken preemptive action to keep its profits from turning to losses.  The credit card companies have rushed to change all fixed rate cards to variable rates to basically expose a loophole in the new laws passed. The Latest Credit-Card Tricks ...
  4 days ago

• U.S. Mortgage, Foreclosure Pain Grows In Third Quarter

  
  Boom2Bust.com — Authority: 432
  I keep on hearing the mainstream media talking about a “housing recovery.” However, the constant stream of miserable housing data, like that found in a Los Angeles Times piece on Tuesday, makes me wonder about the MSM’s claim. Jim Puzzanghera wrote: Troubled home loans continued to mount in the nation’s ...
  4 days ago

• Las Vegas Woman Victim of Foreclosure Mistake has her home Trashed Out!

  
  CHESSNOID — Authority: 135
  With so many foreclosures taking place in America, I am surprised this doesn’t happen more often.  Fortunately, it doesn’t happen often but when it does happen I think there should be severe punishments for that company. A lady who was not in foreclosure had her home “trashed out” by accident.  All her ...
  1 week ago

• CBS 60 Minutes: Wilmington’s Long Recession

  
  CHESSNOID — Authority: 135
  When I watch videos like this on 60 Minutes, I realize the Great Recession that has been declared over by many economists is wrong.  They may take some reports to rationalize that things are better, but when you see all the people still hurting and suffering, you know the recession is no where near over. Watch CBS ...
  1 week ago

• Bloomberg: Luxury Homeowners Defaulting at Twice the Rate of the Market

  
  Fund My Mutual Fund — Authority: 580
  Since the current "market" in housing is so misconstrued with artifical interest rates, $8000 (or $6500 for repeat buyers) handouts, HAMP programs, bailouts, 3.5% down (haha) FHA loans to almost anyone who breathes up to the $730K range, and the like [ Nov 20, 2009: NYT - With FHA Help, Easy Loans in Expensive Areas ...
  1 week ago

• Ron Paul: Bernanke is World’s Greatest Counterfeiter 12.16.2009

  
  CHESSNOID — Authority: 135
  It’s funny to me that people still believe that Bernanke has done a good job. The media makes it sound like he saved the world, when he actually contributed to the global recession. He was nominated by our former President who has also failed. Yet, many ignorant people think Bush has also done a good job. This ...
  1 week ago

• 2009 Bank Closures Update 140 Year To Date

  
  CHESSNOID — Authority: 135
  Every Friday after 5 pm, the FDIC comes in like a ninja in the night and starts taking over failed banks.  This last Friday it was very busy as it took over 7 failed banks bringing the total to 140 year to date.  The bank closures are a contradiction to all the positive news spun by the mainstream media, economists, ...
  1 week ago

• Daily Show Jon Stewart: Clusterf@#k To The Poorhouse – Flight Delay

  
  CHESSNOID — Authority: 135
  The post of the  title says it all. Enjoy! The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Clusterf#@k to the Poor House – Flight Delay www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care Crisis
  1 week ago

• Why Does Our Current Congress Suck?

  
  CHESSNOID — Authority: 135
  Most of our elected politicians claim they are trying to make things better for most Americans.  Why is it they always have actions that contradict their words and promises.  All you have to do is follow the money.  Lobbyists giving certain politician financial support seems to dictate what gets done.  Those ...
  1 week ago

• USA Today: Home Buyers are Focusing on Smaller Homes

  
  Fund My Mutual Fund — Authority: 580
  This was a trend we noted in summer 2008 [ Jun 7, 2008: Staycations and the Shrinking Home ] ... The houses themselves are being radically downsized to meet buyers budgets . At the peak of the last boom, in 2006, KBs customers craved cathedral ceilings, formal dining and living rooms, and fancy wrought-iron ...
  1 week ago

• November Credit Card Delinquency Up

  
  CHESSNOID — Authority: 135
  Do you find it odd that banks are paying back TARP, unemployment supposedly went down from 10.3% to 10%, and GDP expanded by 3.5% and yet the credit card delinquency is still rising?  At least for the credit card companies who are not cooking the books and manipulating their numbers. Reuters: U.S. credit card ...
  1 week ago

• Rolling Stone’s Matt Taibbi: Obama’s Big Sellout

  
  CHESSNOID — Authority: 135
  This writer puts together a very cohesive view of Wall Street and all the back room deals made with our government. Taibbi offers insight to why corrupt banks were able to get bailout funds from the taxpayers. Watch his video below. Below is an article that he wrote.  It is very lengthy and goes into much more ...
  2 weeks ago

• WSJ: American Dream 2 - Default, then Rent

  
  Fund My Mutual Fund — Authority: 580
  Do not underestimate how much American spending / economic data  is being supported by the defaulters ... walk away from your largest debt and your monthly spending can immediately shooting up.  Even in some pieces in early 2008 we were writing about how for the first time in US history people were sacrificing ...
  2 weeks ago

• Short Sales vs Bank Foreclosures

  
  CHESSNOID — Authority: 135
  I think this video by Jim the Realtor on Youtube gives great insight on what banks are doing wrong.  We already know they made many bad decisions on loans from 2-5 years ago that are now coming to haunt them as delinquent accounts which will eventually become foreclosures . The loans are in default and they have a ...
  2 weeks ago

• How Do You Get A Loan Modification?

  
  CHESSNOID — Authority: 135
  The banks are still breaking foreclosure records and the inventory is growing.  I have heard references that it costs the banks between $30,000 to $50,000 per foreclosure.  That is a lot of money just to take back a house.  So why don’t the banks just modify the loan terms? We bailed out the banks, we lowered ...
  2 weeks ago

• 7.1 Million Foreclosures 2008-2009

  
  CHESSNOID — Authority: 135
  That’s how many foreclosures the United States has had which is bigger than the population of most countries.   Many media outlets are trying to focus on the positive that there are less foreclosures now than July 2009 (the truth is we had more total foreclosures : 3.9 million in 2009 vs 3.2 million in 2008).  ...
  2 weeks ago

• WSJ: House Flipping Making a Comeback

  
  Fund My Mutual Fund — Authority: 580
  Good news folks; one of the foundations of economic prosperity in the 2000s - manufacturing products other countries want house flipping -  is making a comeback as trillions of free money is borrowed / printed, and thrown into the system.  Its amazing how "resilient" the economy is when you trash future ...
  2 weeks ago

• “Mish” Shedlock: unemployment rate will be over 10% all the way through 2015

  
  CHESSNOID — Authority: 135
  This is very bearish news and if it proves to be true, I recommend preparing for the worse. We have only had 10% unemployment for 2 months officially, so if it maintains double digits for 5 years, things are going to be rough for everyone in every field. According to Mike “Mish” Shedlock, he thinks the ...
  2 weeks ago

• Meredith Whitney latest video on the economy 12.08.2009

  
  CHESSNOID — Authority: 135
  This is the latest Meredith Whitney video I could find with her assessment on the current economy.  I have to agree with her.  She has been accurate with her previous forecasts and based on what she says here it looks like more bad news up ahead.  Her main examples of tight credit with credit cards like American ...
  2 weeks ago

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