housing
Mitt Romney Isn’t Telling Us Exactly How He Will Ruin The Housing Sector
Good news, everyone! Romney/Ryan have no specific plans to ruin the housing sector at this point, which is probably a good thing, given that Mitt Romney has been pretty clear about his interest in ruining education and Paul Ryan has a very specific plan to ruin Medicare and Medicaid. So let’s just all respectfully disagree [...]
America’s Poor Beg Congress: ‘Please Forgive Our Debt, Sirs!’
The “new thing” in America is being desperately poor, until an audience of Tea Party sociopaths maniacally cheers your death outside the razor-wire fence of the hospital. But some of these uppity poors are so desperate that they’ve politely begged the rich monsters of Congress to forgive their many debts. HR 365 was introduced today, [...]
Congress Giving Millions of Foreclosed Homes To Wall Street Slumlords
Great news, everybody: After deliberately failing to help millions of American families stuck in vulture mortgages, the U.S. government is now giving those foreclosed homes to Wall Street for pennies on the dollar so that Wall Street can then rent the now-vacant foreclosures back to the same people pushed out during the Wall Street-caused housing [...]
Building Permits For New Housing Drop To 51-Year-Low
The last time so few new permits were issued for housing construction, it was 1961 — when American economists first began keeping records of the numbers of housing permits as an economic indicator. There are millions of unwanted, unsold and unfinished new housing units in this country. Who would buy these things, right? There are [...]
YOU ARE ALL RICH SO STOP COMPLAINING: The economy grew at a 3.5% pace last quarter, with cash-for-clunkers helping boost durable good spending 22.3% and a federal tax credit for homebuyers increasing housing spending 23.4%. Now that members of the upper-middle class all have new cars and homes, the dough should be trickling down to [...]
Rich People Missing Out On Housing Rebound
Sad news! While sales of peasant dwellings have begun to creep upward due to the first-time home buyer tax credit, low mortgage rates, expanded FHA loans, and of course FIRE SALE PRICING on foreclosed homes, homes costing more than $750,000 have been difficult to move in this market. Wealthy home owners (or “the middle class,” [...]
Nation Of Shantytown-Dwellers
Well, here is some depressing news! The hot new housing sector in the US isn’t houses at all: it’s shacks. That’s because the kind of people who used to be your next-door neighbor if you lived in a sort of marginal neighborhood in a largeish city are now squatters living under bridges in Fresno. Hell, [...]
Stocks Decline On Applesauce Disaster Fears
Which Senators Are America’s Hobo Kings?
With all this talk about Chris Dodd and Kent Conrad getting SWEETHEART MORTGAGE DEALS giving them literally fractions of a percentage point off their mortgage interest and fees, it’s instructive to find out how many of America’s senators even have mortgages. A shocking number do not, which means they are either living in cardboard boxes [...]
Americans Selling All Their Possessions On Craigslist
6.5 Million Foreclosures, 18.6 Million Vacant Homes
DC Housing Bubble: Finally Interesting!
Could This Be the First Genuine Congressional Craigslist Ad?
Cause You Know, Those Sewage Connections Are Completely the State and Local Governments’ Resonsibility
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