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Megan McArdle has some serious thoughts about home mortgage modification, concluding that facilitating workouts that allow the homeowner to keep the house may be less useful than facilitating short sales.
Speaking as a non-expert, I wonder whether this isn’t the (possibly) right solution to the wrong problem. Foreclosures are terrible for families, and not great for [...]
Archive for the ‘House-price bubble’ Category
January 6th, 2010
Category: Financial crises, House-price bubble
July 14th, 2008
Category: House-price bubble
The shareholders and bondholders, not the taxpayers, ought to take the hit.
July 3rd, 2008
Category: House-price bubble, Religion
If ReMax or Century 21 doesn’t work, the power of prayer can’t hurt, especially at $6.99.
April 13th, 2008
Category: Energy and Environment, House-price bubble
Kevin Drum correctly lands on the $25b homebuilder cookiejar in the Senate’s housing bill (passed on Thursday) with both feet. Is it fair to pile on? You betcha; anyway fairness has almost nothing to do with the part of this outrage Kevin doesn’t mention, which is the lunacy of subsidizing housing in any way with [...]
December 14th, 2007
Category: House-price bubble
Krugman says some big financial institutions are probably insolvent, not just illiquid. But is he right?
August 6th, 2007
Category: House-price bubble
If people have to walk away from their homes as the bubble bursts, let them walk away. Don’t make them keep paying for housing they’re no longer living in.
April 10th, 2007
Category: House-price bubble
The NYT deconstructs real-estate-agent investment hype.
August 24th, 2006
Category: House-price bubble
What soft landing? A house in Herndon, Va., goes on the market for what seems like a realistic $1.1 million, sells for $530,000.
July 29th, 2006
Category: House-price bubble
The CME housing futures contracts are now trading, and they predict a drop of about 5% over the next nine months in ten cities with hot markets. That expectation isn’t sustainable. The bubble could be about to pop rather explosively.
