Nomi Prins: Steven Mnuchin, Foreclosure King of America
A summary of the many reasons to view Treasury Secretary Steve Mnuchin with contempt.
Read more...Category Archives: Real estate
Skyscrapers and Land Values: Evidence from Chicago on the Costs of Building Tall Cities
Why “building tall” is not an answer to urban housing affordability.
Read more...Gentrification
Gentrification is less of an accident than you might have been led to believe.
Read more...Trump Treasury Dept Renews Modest Real Estate Anti-Money Laundering Regs
Trump’s Treasury Dept renews and modestly extends real estate money laundering reg– which fails to address the scope of dirty money issues.
Read more...Why CalPERS’ Scheme for an “Independent” Private Equity Entity Is the Wrong Solution to the Problem of Weak Skills
Further discussion of why CalPERS’ latest Big Idea for private equity needs a Big Rethink.
Read more...One-Month Anniversary of the Grenfell Tower Fire: Status Update
The current state of play at Grenfell Tower, with a question yet to be answered.
Read more...BIS Warns on Household Debt
Credit booms tend to go hand in hand with a misallocation of resources – most notably towards the construction sector – and a slowdown in productivity growth, with long-lasting adverse effects on the real economy.
Read more...New York City Mortgage Delinquencies “Elevated”: What’s the Likely Real Cause?
Why high levels of mortgage delinquencies in the New York City area are a symptom of still-unresolved mortgage abuses.
Read more...Photographs from Grenfell Tower
By Lambert Strether of Corrente. I said I had some things to do before I left London; one of them was to go see if I could take some photographs of Grenfell Tower. We don’t normally do photo essays at Naked Capitalism, but since I was on the spot, I thought it made sense. The […]
Read more...Wolf Richter: Dear Fed, It’s Not “Really Hard to Spot Bubbles”
Here are some visual aids to help the Fed spot the housing bubble.
Read more...Canadian Bank Run Contagion Begins?
A Canadian subprime mortgage lender is on the ropes. Is the end of the real estate bubble nigh? If so, how much damage will banks take?
Read more...5 Times Charter School Founders Used Shady Real Estate Deals to Shamelessly Enrich Themselves
A trio of academics compare charter school tactics to Wall Street’s raiders.
Read more...Wolf Richter: Private Equity in the Thick of Bricks and Mortar Retail Implosion
The distress at traditional retailers has been made much worse by private equity asset stripping rendering them fragile.
Read more...Too Little, Too Late Lawsuit Against Predatory Servicer Ocwen Demonstrates Failure to Address Servicing Abuses
Recidivist mortgage servicer Ocwen gets whacked by the officialdom yet again, showing how inadequate mortgage “reforms” under Obama were.
Read more...Wolf Richter: Wild Housing Speculation Drives Entire Canadian Economy
Canadian housing continues on its relentless rise because too many people can’t afford to have it stop.
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