real estate

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,” […]

Is that insanely cheap for commercial real estate? Seems like! Anyhow, the haunted million-square-foot carcass of the former AIG headquarters at 70 Pine and 72 Wall Street in beautiful New York City appears to have found a buyer for the bargain-basement price of $100 million. Who’s the lucky winner, Donald Trump? The Cato Institute? The […]

The best thing to happen in all of Texas last year was when a few Democratic anarcho-syndicalists burned down Rick Perry’s governor’s mansion with a flaming bag of Barney Bush’s poop, maybe. But because the remaining outer shell of this hell castle is a Historical Texas outer shell — and Texas never cheaps out when […]

Just imagine our very private and humble Supreme Court justice sitting in his secluded shack in the woods, looking out the window, only to find some nut lurking behind two trees with a macro zoom lens. Next, the NYT will boil his bunny and put him down a well, for fattening purposes. [New York Times]

Back in early February, before President Obama failed at everything (life), it seemed he could heal the lame and the halt simply by looking at them and saying in a dignified manner, “the stakes are too high.” For example, at a rally in Ft. Myers, he magically transformed the lives of two (2) paupers just […]

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, […]

Watch out America, because Eliot Spitzer is buying LAND, LAND we tell you! LAND! In Washington D.C., right near where he banged the gal that time in the hotel thing.

Criminy! We have been hearing a lot about mortgages that go into default or foreclosure, and how the people holding these mortgages should talk with their lenders about renegotiating their loans. As a normal person with more than two (2) neurons flickering on and off in your brain, you probably assume that the goal here […]

There is an unwritten rule in D.C. politics that during any given session of Congress, at least one (1) legislator or White House staffer must live in a shameful basement dwelling unfit for human habitation. Senator Norm Coleman once proudly held the title of Hobo King, but then he got (nearly?) run out of office […]

George W. Bush did indeed buy a house for himself and his wife Laura and his two rat dogs as well! It is in the rich area of Dallas, which is probably a suburb! Look!

Sometimes the stock market is more “faith based” than a mall-church full of unemployed white trash. The Dow did a triple-digit plunge this morning, because the world is actually ending, especially the “making money” part, but it suddenly did a 200-point turnaround on month-old data suggesting a whole 4,000 heavily marked-down new homes sold in […]

Wonkette videographer and local hero Liz Glover covered an Obama rally Wednesday in Leesburg, a rich person’s town in Northern Virginia. Who cares what Obama said — probably HOPE HOPE HOPE BLAH PFFT — Liz was more interested in the McCain-Palin fans who showed up just to stare at all of the liberals. Here’s one […]

OUR HOBO ECONOMY  1:39 pm October 1, 2008

by Ken Layne

WE HAVEN’T HIT BOTTOM YET: “With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw.” [AP/Yahoo]

Got $12 million burning a hole in your pockets? Need a new mansion in Arizona? How about this little place, one of John and Cindy McCain’s unwanted castles?

Oh God now it begins: our quadrennial debate about voter fraud versus vote suppression. The head of the Republican Party in Macomb County, Michigan has decided that a wonderful way to protect against “voter fraud” will be to get lists of foreclosed homes and check those against voter rolls to make sure that people whose […]