Debt clock can't keep up … CNN reports on the National Debt Clock, which has run out of spaces to display $10 trillion+ in red ink. Did I hear someone say Banana Republic?
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Also, be sure to read these related posts:
Real Estate – An Innovative Way of Not Filing Bankruptcy
The Paulson Plan – Still Wrong
Government Bail-Out – Risk & Reward
Home Mortgage Real Estate Delinquencies Rising Across the Board
Yale Professor … House Price Decline Could Be Worse than Great Depression
Jumbo Financing and the Impact on The San Diego Real Estate Market
Federal Housing Bill Benefits Consumers who do not itemize their tax returns
Summary of the “Housing and Economic Recovery Act of 2008
Home Foreclosure vs. Short Sale
Second Home Foreclosure Tax Penalty
Mark my words, either Obama or Clinton will win – and the legal changes they bring will force a more equitable distribution of wealth AND risk. First, rebuild the social safety net, shredded by decades of rightwing mismanagement. Second, better government regulation will bring more centralized control back over the markets. As time goes on, the federal government will reassert its rightful authority over more sectors of the economy, and we will march together into a brighter future for our children!
San Diego Investments
“UCLA predicts that GDP will dip by 0.4% in the second quarter of this year, but then rebound. Anderson expects GDP to be growing at 2.5% by the end of this year.
Real Estate Broker
Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.
Dental Doctor
A house is worth no more than what someone is willing to pay you for it. No buyer? Value = $0. House prices have held steady throughout the past 100 years in the US at 3x median income of whatever area you study… because every house you build must be affordable to the workers within the surrounding area.
SF Lawyer
Homes take 18 months on average to work through the foreclosure process.. Imagine what foreclosures will look like 18 months from now!
Eye Specialist