Nov 12 2010

The stalling of the California housing market – California Foreclosure Prevention Act has institutionalized a drawn out foreclosure process. 470,000 MLS listed and distressed homes in the state. California construction industry employing the same number of workers as it did in the early 1990s.

The state of California continues to grapple with the collapse of the enormous housing bubble.  The Governor earlier in the week called for a special emergency session to deal with a $6 billion deficit that emerged just weeks after the state budget was signed and the ink dried.  States with a large dependence on the […]

Nov 9 2010

Dark Ages for a modern Middle Class – Modern day debt serfdom and rising prices not seen through the consumer price index. Coffee up 50 percent for the year.

Most Americans enjoy a good cup of coffee.  Yet very few realize that coffee futures are now up over 50 percent for 2010.  Creative packaging that includes smaller quantities but offers the same price helps delude many Americans into thinking their dollar still has the purchasing power of better days.  This all occurs in a […]

Nov 6 2010

Las Vegas city has 3 times the rentals of Los Angeles city and L.A. has 6 times the population – U-Haul rate trends and home sales higher in Las Vegas than peak months of the bubble driven by absentee investors.

The Las Vegas housing market expanded and popped the quickest and highlights the gambling euphoria that engulfed the housing bubble.  The housing market in Las Vegas has served as an albatross to drag the state of Nevada down to the point that now the desert state ranks as number one in unemployment nationwide.  One of […]

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Nov 3 2010

The Federal Reserve plans on exporting the U.S. middle class abroad with Quantitative Easing II. QE1 cost $1.7 trillion and took the underemployment rate from 10 percent to 17 percent.

The Federal Reserve is entering uncharted territory with this second phase of quantitative easing.  The public may or may not be aware that the Fed has already embarked on quantitative easing (QE1) and has grown their balance sheet by $1.7 trillion (that’s $1,700,000,000,000) by exchanging U.S. Treasuries for questionable assets including a shopping mall in […]

Nov 1 2010

Real estate is a bad investment does not show up in Google News and other interesting housing trends – Strategic default searches went viral in 2010. Banks betting against American homeowners.

82 percent of American households have internet access.  Of those with internet access, a large number are homeowners.  The vast majority use Google to search for many things including foreclosure advice or investigating the real estate market.  The online trends give of a sense of what is happening in the collective psyche of our country […]

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