May 11 2010

The ambiguous financial state of housing – 3 issues repeating the housing bubble mistakes; Real estate psychology, down payments required, and bring back lending responsibility to immediate areas.

The overwhelming evidence of what went wrong to create the housing bubble is irrefutable.  It is clear that allowing buyers to purchase a home with little to no documentation was a bad idea.  So why continue doing this today?  It was abundantly obvious that zero down or low down mortgages was a recipe for disaster.  […]

May 5 2010

California construction employment back to 1997 levels. California building permits at all time record low.

Solving the California state budget crisis just got that much tougher.  Estimated tax revenues came in nearly $3 billion less than expected wiping out a steady stream of months where things seemed to be improving at least on the revenue front.  And this should come as no surprise.  California has done very little to wean […]

Apr 29 2010

Not all is well on the housing front. Housing still too expensive for middle class Americans – 9 Years of Housing Inventory and 7 Million Homes 30+ Days Late or in Foreclosure. How the government is keeping and encouraging expensive housing.

Since the recession started in December of 2007, over 7 million foreclosures have been initiated.  In no other time in history have we seen this magnitude of problems in the housing market.  And these problems still persist.  It is estimate that another 6 to 9 million homes are at risk of foreclosure in the upcoming […]

Apr 19 2010

The Future of U.S. Housing – Projections of Household Formation, Loan Modification Data, 500,000 Option ARMs Still Active, and a Decade of Stagnation.

Take what you knew about projecting housing for the last fifty years and throw it out the window.  The big problem with using models post-World War II is that they base growth on a baby boomer population that was the largest affluent middle class cohort known to the world.  That model is now disappearing.  Some […]

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