New York City Housing Prices Holding Strong: Will the Financial Collapse Bring Prices Down?
New York City is a unique city for many reasons. It is the heart of the United States financial system and now, the target of much of the blame being heaped onto Wall Street. Before we look at actual raw numbers for the city and zip codes, let us first do a quick analysis of […]
TARP Readjustment: California, Florida, Nevada, and Arizona on a Financial Economic Island. Those Option ARM Loans Are Your Problem.
The morphing financial crisis has taken a major change today. Henry Paulson came out today announcing that the main component of the $700 billion bailout plan will no longer be the centerpiece. If you recall a few weeks ago with the highly unpopular bailout, the major contention was that much of the money would be […]
Dear Government Officials and Economic Policymakers: Every American Doesn’t deserve to be a Homeowner.
Dear Government Officials and Economic Policymakers: I think many responsible Americans are thinking why is it such a necessity or right to make every American a homeowner? Homeownership has become somewhat of a third rail in economic policy and political talk. If you really think about it, not every person deserves or can own a […]