How Obama Framed Trump with Faux Mortgage Insurance Rate Decrease
There are many things for progressives to criticize Trump about. The Obama mortgage deduction sleight of hand isn’t one of them.
Read more...Category Archives: Real estate
The Obama Administration Bails Out Private Equity Landlords at the Expense of the Middle Class: Government Guarantees for Rental Securitization
So how much did Blackstone promise to give to the Obama library for this huge grift, um, parting gift? As regular readers may recall, private equity firms piled into buying foreclosed single family homes on the belief that if the government (in this case, Fannie and Freddie) was selling, they wanted to be buying. And […]
Read more...More on the Economic Hardship of Young Adults
Young adults have had a very rough go and don’t have good reason to expect their economic condition to improve much.
Read more...Gaius Publius: The Elephant in the Room Is a Donkey (Reflections on Kamala Harris)
An incident from the history of newly elected senator Kamala Harris, known in California for being an opportunist even by political standards.
Read more...The Global War on Cash – India’s Demonetization Debacle
India’s demonetization debacle has destroyed growth in what was the world’s fastest growing economy while failing to ferret out black money.
Read more...Deutsche Bank Wins in Stare-Down With Department of Justice Over Mortgage-Backed Securities Liability; Credit Suisse Also Settles While Barclays Holds Out
Deutsche came off well in a mortgage settlement with the DoJ, while Barclay’s decision to fight doesn’t look so smart.
Read more...Wolf Richter: Is it Just Trump Tower? Or is the Entire New York City Housing Bubble Unwinding?
To what degree is Trump Tower a canary in the coal mine for New York City’s residential real estate market?
Read more...Michael Hudson: How Debt-Driven Home Price Increases Shafted Homeowners
Michael Hudson debunks the myth that rising home prices are always a boon to homeowners.
Read more...China’s Insanely Leveraged Housing Market Will Enter Its Secular Bear Market In 2017
Why China’s fabulously leveraged housing market may finally be on the verge of a long-anticipated implosion.
Read more...The Return of the Repressed Critique of Rentiers – Veblen in the 21st Century
This is Naked Capitalism fundraising week. 1039 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in financial realm. Please join us and participate via our Tip Jar, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve […]
Read more...How the Housing Bubble is Remaking Australia’s Class Structure
How the housing bubble is restructuring Australian society. Are the same patterns emerging in your country?
Read more...How Housing Bubbles Destroy Productivity
More evidence that housing bubbles distort economic activity and act as a damper on growth.
Read more...Piketty’s Rising Share of Capital Income and the US Housing Market
The rising share of income accruing to housing is a key feature of the changing US income distribution. This column examines the determinants of this phenomenon. The rise occurred due to an increasing share of income accruing to owner-occupiers through imputed rent, it is concentrated in states that are constrained in terms of new housing supply, and it is closely associated with the long-run decline in real interest rates and inflation.
Read more...Cerberus Uses Private Equity Looting Strategy With Scandal-Ridden Steward Health Care Hospitals
How Cerberus is using a real estate looting strategy to salvage its purchase of Steward Health Care….at the expense of the operations, natch.
Read more...Ilargi: China Relies On Property Bubbles To Prop Up GDP
More concerned tea-leaf reading in the wake of a BIS report that sounded alarms about China’s debt growth.
Read more...