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- Time for the running of the bulls on Wall Street?
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Has Helicopter Bernanke successfully engineered the beginning of Next Great Bubble? He told us what he was going to do, and then he did it. Screw moral hazard, it’s too-low-rate party time. …
Original Source
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3 May, 2008| housingblogs |
Comments (0) @ 23:53
- Orange County, CA Prices: From Front Page to Short Sale
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This is an update to the story posted yesterday: From Front Page (in 2005) to Short Sale. That house was featured on the front page of the O.C. Register - as a median priced home - when the median crossed $600,000 back in 2005. The same house is now offered for sale as a short sale. There is no Case-Shiller index for Orange County, so I averaged the Los Angeles and San Diego indices and constructed the following graph:…
Original Source: feeds.feedburner.com/CalculatedRisk
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3 May, 2008| housingblogs |
Comments (0) @ 23:11
- Credit Crisis: In the Eye of the Hurricane
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From Reuters: JPMorgan says no near end to financial crisis: report “We can only speculate how deep and how long the recession in the United States will really be and how that in turn will impact banks,” [JPMorgan Chase & Co CEO] James Dimon told “Welt am Sonntag”.”But we are not done with the crisis for a long time,” Dimon said … And from Goldman Sachs: Eye of the Storm (research report no link). Goldman argues there is a “gaping hole in the side of the U.S. economy” from falling house prices (significantly more price declines to come in their view) and too much supply. …
Original Source: feeds.feedburner.com/CalculatedRisk
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3 May, 2008| housingblogs |
Comments (0) @ 20:37
- WOT 5-3-2008
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Fix You — Coldplay
Everyone either has or will be impacted by the housing bubble. It will be one of the defining events of our lifetimes. It changed lives.
Like many others who either could not or would not buy, I had to rent during the housing bubble.
…
Original Source: www.irvinehousingblog.com
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3 May, 2008| housingblogs |
Comments (0) @ 20:27
- It’s The Best Thing That Could Happen In California
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The Ventura County Star reports from California. “Ventura County consumer bankruptcy filings jumped 122 percent last year as lenders toughened refinancing requirements, area bankruptcy attorneys say. The days of being able to ‘refinance away’ problems, as has been a tradition in California, are over, said Michael Sment, chairman of the Ventura County Bar Association’s Bankruptcy Section.”
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Original Source: thehousingbubbleblog.com
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3 May, 2008| housingblogs |
Comments (0) @ 18:56
- Taos Historic Museums Summer Hours
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TAOS HISTORIC MUSEUMS
La Hacienda de los Martinez
E.L. Blumenschein Home & Museum
PRESS RELEASE
FOR IMMEDIATE RELEASE:
2 May 2008
CONTACT:
Morris Witten, Executive Director
575-758-0505 director@taoshistoricmuseums.org
TAOS HISTORIC MUSEUMS SUMMER HOURS
Taos - The Taos Historic Museums begin summer hours on May 1. La Hacienda
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Original Source: galleryrealtyoftaos.com
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3 May, 2008| housingblogs |
Comments (0) @ 18:07
- Spring Arts Festival blossoms in Taos Art Colony.
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Spring Arts Festival blossoms in Taos Art Colony.
Taos Celebrates Festival’s Silver Anniversary With May and June Art Events….
Original Source: origin.ih.constantcontact.com
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3 May, 2008| housingblogs |
Comments (0) @ 18:03
- Housing Slowdown Hits WY
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From the Oregonian:Weyerhaeuser Co., one of the world’s largest timberland owners and wood products manufacturers, said Friday it swung to a loss in the first quarter, hurt by a sagging housing market and low product prices.The Federal Way, Wash.-based company said it expects continued weakness in the housing market and higher fuel costs to hurt second-quarter earnings in its timberlands segment.W…
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3 May, 2008| housingblogs |
Comments (0) @ 17:03
- Going Broke Right And Left In Florida
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Highlands Today reports from Florida. “Now that the construction industry in Highlands County is grinding slower and slower, Don Maddox spends a lot more time in his truck. ‘I’m on the computer, or looking at jobs out of town,’ said Maddox, the owner of Central Florida Glass & Mirror. To keep his installers busy, they’ve been riding to jobs from Pensacola to Miami. ‘We have 10 men less this year than we did last year,’ said Maddox. ‘We had to lay them off.’”
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Original Source: thehousingbubbleblog.com
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3 May, 2008| housingblogs |
Comments (0) @ 15:49
- Tree of the Week: The silk oak
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Good morning, Big Brown, it’s time to rise and shine and show the world what you’re made of. To the rest of you, welcome to another installment of Pieter Severynen’s &…
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3 May, 2008| housingblogs |
Comments (0) @ 15:27
- Treasury Committee: Record Deficit Forecast
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Report to The Secretary of the Treasury from The Treasury Borrowing Advisory Committee of the Securities Industry And Financial Markets Association The Federal government’s budget balance is deteriorating in fiscal year 2008. Weaker economic activity has dampened the pace of revenue collection and lifted growth in economically sensitive spending. A recent survey of primary dealers estimates that the deficit for the 2008 fiscal year ending in September will exceed $400 billion with some economists expecting a deficit of more than $500 billion–a significant deterioration from fiscal 2007’s deficit of $163 billion. Economic stimulus measures will complement the forces widening the budget deficit. This year’s shortfall may surpass fiscal year 2004 as the largest on record in nominal dollars.
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Original Source
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3 May, 2008| housingblogs |
Comments (0) @ 15:24
- Obama’s Going To Be Busy
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I hope I don’t regret this. I rarely weigh in on any of the presidential candidates, as I’m not completely happy with any of them. This comment from presidential hopeful Barak Obama however, was simply too silly to ignore:
Obama made a "surprise" stop in North Bend, Indiana Thursday at the local VFW, and was asked a question:…
Original Source: housingdoom.com
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3 May, 2008| housingblogs |
Comments (0) @ 13:53
- Bits Bucket And Craigslist Finds For May 3, 2008
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Please post off-topic ideas, links and Craigslist finds here.
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Original Source: thehousingbubbleblog.com
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3 May, 2008| housingblogs |
Comments (0) @ 12:57
- HP favorite target "Third Avenue Lofts" in Scottsdale Arizona now going for more than half off
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HP’ers recognize this complex as one of the most obvious bubble-crazed t…
Original Source
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3 May, 2008| housingblogs |
Comments (0) @ 10:09
- A nation of debtors
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As savings rate goes down……….
Original Source: bp2.blogger.com
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3 May, 2008| housingblogs |
Comments (0) @ 8:32
- Oops! McCain slips up and tells the truth (before withdrawing the truth hours later under the pressure from Bush & Co. to keep The Big Lie going)
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“My friends, I will have an energy policy that we will be talking about, which will eliminate our dependence on oil from the M…
Original Source: bp1.blogger.com
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3 May, 2008| housingblogs |
Comments (0) @ 3:58
- Hotel Financing: 55% LTV
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This week I spoke with Jim Butler of the law firm Jeffer, Mangels, Butler & Marmaro about the state of hotel financing. Jim hosts a conference every year called Meet the Money® devoted to hotel finance that brings together hotel developers/investors and providers of debt and equity capital.On the recent change in lending standards, Jim told me: T…
Original Source: feeds.feedburner.com/CalculatedRisk
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3 May, 2008| housingblogs |
Comments (0) @ 2:37