mortgage-fraud

It has been a few months since I’ve done a thorough analysis of the California housing and economic situation.  Given the current changes I think it warrants another close look.  The last article I did regarding California with an in depth perspective laid out 10 reasons why I thought California would not face a housing […]

You know what is shocking about the growing list of bailouts?  It isn’t that we come out with a new bailout even before the ink is dry on previous action.  What is striking is the amazing disregard for the future generations of our country.  You do realize as a nation that we are broke right?  […]

As October came to a spectacular end, the housing market is still in severe distress.  You would think that all the massive government intervention would at least do something in regards to stabilizing prices but unfortunately for Uncle Sam, prices are determined by local area incomes and fundamental factors.  The massive economic intervention which has […]

You would think that given the magnitude and sheer size of the Fannie Mae and Freddie Mac bailout that Americans would at least be more curious about the formula as to how this thing is going to unfold.  [Cue the Crickets].  Instead, the public is focused on the “shiny things” once again like someone suffering […]

RANT ALERT:  I’m surprised I haven’t seen an article devoted to this subject but I think it is one of the primary reasons we are in this current mess.  People do not have a right to own a home.  Owning a home is a privilege.  I’m going to level with you.  The idea of an […]

Many of you in middle school had the opportunity to read William Golding’s Lord of the Flies.  The book looks at two boys, Ralph and Piggy who find themselves on an island next to a plane crash site.  Soon they find out that they are not alone on the island.  At first, all is civil […]

Affordable housing and California usually are not used in the same sentence. Whenever people think of California I can assure you that affordable housing is not the first thing that pops into their mind. Yet there may be a positive aspect to the current housing bubble bursting and that may include more affordable […]

Hope everyone had a great 4th of July and took a break from the torrent of bad economic news coming at us like a flock of seagulls chasing a half open bag of Doritos. Now that we’ve enjoyed our minor respite it is back to the grim reality that equity in homes, once the […]

Unless you follow the housing market closely, you may think that not much in the housing market has changed. Yes, in January we already knew that the housing market was having problems but these last 6 months have added fuel to the flame. In January, the year over year drop for Southern California […]

Some of this stuff you simply cannot makeup. At this point, I think the majority of folks have come to realize that any legislation trying to help homeowners and lenders is guided by politics rather than good economics. There is a fascinating incident that occurred where our favorite CEO appears to have replied […]