Michael Olenick: The Real Story of “MAGA Bomber” Cesar Sayoc’s Foreclosure
A key piece of stripper-turned-MAGA bomber Cesar Sayoc’s slide into financial ruin.
Read more...Category Archives: Real estate
Man Whose Mexico Beach House Was One of Last Standing After Hurricane Michael Calls Out Climate Denier Politicians
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Read more...Richard Murphy: Who Really Pays the Tax on Rents?
Clearing up a widespread misperception about tax.
Read more...“High End” Apartment Construction Totally Dominates, Creates Mismatch of Supply & Demand
Urban apartment development all over the US has been heavily skewed towards luxury units, even though there isn’t enough demand for all the supply.
Read more...Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment
Why you should take conventional wisdom about the Lehman collapse and the crisis with a fistful of salt.
Read more...Wolf Richter: Here Comes the Second Wave of Big Money in the “Buy-to-Rent” Scheme
PE firms are paying prices at the peak of the market, amid ceaseless complaints that there isn’t enough inventory of homes for sale,
Read more...Asset Prices and Wealth Inequality
How asset prices have driven the evolution of US wealth inequality over the last 70 years.
Read more...Bill Black: Pre-Crisis “4506-T Studies” Showed Massive Fraud in Liar’s Loans; Fed Ignored Warning, DoJ Refused to Target Implicated Banksters
Yet another proof that the authorities were given evidence of widespread mortgage fraud before the crisis and chose to do nothing about it.
Read more...Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
Bill Black debunks a book that tries to relitigate the crisis by denying that Lehman was insolvent.
Read more...Why Are There So Many Unsheltered Homeless People in California?
Try guessing why San Francisco has encampments of homeless people….
Read more...How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide
How Chinese money is distorting home prices in major cities around the world, and how local authorities are starting to intervene.
Read more...Warren Buffett’s Mortgage Companies Engage in Alleged Discrimination Against Minority Borrowers, Violating Fair Housing Act
An investigative report suggests that Berkshire Hathaway’s mortgage lending operation discriminates against minority borrowers.
Read more...Gimme Shelter Q1 2018 Update: Rents and House Prices All at or Near New Extremes
Why buying a house looks to be a better deal than renting, even at today’s nosebleed prices.
Read more...Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2?
Investors have fixated on the rise in Treasury yields. Perhaps they should worry more about what the Fed’s rate increases are doing to mortgage rates.
Read more...5 Policies That Could Improve Housing for the Renting Generation
Housing has become a more divisive issue than ever, as rising real estate costs and less job stability make buying a house both harder and more fraught. Renters need better protections, but how to get there?
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