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- Buffett: "longer, deeper" U.S. recession than most expect
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From Spiegel Online: Investor-Legende Buffett attackiert gierige Banker (attacks greedy bankers) Die Rezession werde “tiefer gehen und länger dauern, als viele denken”.The recession will be deeper and last longer than most people think.And on the bankers: “Sie brauten ein Giftgetränk und mussten es am Ende selbst trinken”, sagte Buffett. “So etwas machen die Banker normalerweise ungern, sie verkaufen es lieber an andere”, fügte er sarkastisch hinzu.L…
Original Source: feeds.feedburner.com/CalculatedRisk
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24 May, 2008| housingblogs |
Comments (0) @ 21:11
- Buffett: "long, deep" U.S. recession
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From Spiegel Online: Investor-Legende Buffett attackiert gierige Banker (attacks greedy bankers) Die Rezession werde “tiefer gehen und länger dauern, als viele denken”. The recession will be deeper and last longer than most people think.And on the bankers: “Sie brauten ein Giftgetränk und mussten es am Ende selbst trinken”, sagte Buffett. “So etwas machen die Banker normalerweise ungern, sie verkaufen es lieber an andere”, fügte er sarkastisch hinzu. …
Original Source: feeds.feedburner.com/CalculatedRisk
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24 May, 2008| housingblogs |
Comments (0) @ 21:11
- WOT 5-24-2008
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Original Source: feeds.feedburner.com/IrvineHousingBlog
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24 May, 2008| housingblogs |
Comments (0) @ 20:28
- May 24 Week Ending Stats
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We live in some crazy times, and they keep getting crazier.Oil hit $135 a barrel this week, and will go higher. Goldman Sachs is thinking $200 / barrel within 2 years.Another Canadian bank, RBC, is proclaiming that the Canadian housing boom is over. We all know A…
Original Source: victoriastruth.blogspot.com
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24 May, 2008| housingblogs |
Comments (0) @ 19:48
- A Testament To The Weak Housing Market In California
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The San Francisco Chronicle reports from California. “Home sales volume in California and the Bay Area increased between March and April as lower prices brought bargain hunters out of the woodwork, according to numbers released Friday by the California Association of Realtors. Statewide, the median for single-family homes was $403,870, down 32 percent from a year ago and down 2.6 percent from a month ago.”
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Original Source: thehousingbubbleblog.com
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24 May, 2008| housingblogs |
Comments (0) @ 19:16
- WFC Eliminates Cash-Out Refinancing
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From the Portland Business Journal:Wells Fargo & Co. has raised the credit requirements for people seeking some types of home loans, the company confirmed Friday.The San Francisco-based bank will require higher credit scores for potential home buyers seeking loans that cover 95 percent or more of a home’s value. The bank didn’t give further details.W…
Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 17:43
- HousingPANIC Quote of the Week
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“The federal government should not be in the business of bailing out bad investments. This bail out comes at the expense of all taxpayers regardless of whether they were at fault for the housing crisis”Senator Mike Enzi, R-WY, May 2008, speaking out against the Democrats’ stupid and un-American Housing Gambler Bailout plans
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Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 17:00
- Keith Crown - Taos Watercolorist’s Birthday in MO
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Keith Crown is in a nursing home is Columbia, Missouri. However, he once had a home in Taos, and created many of his works here. He is about to celebrate his 90th birthday, and on May 29th, the Perlow-Stevens Gallery will display is works at an invitation-only event.
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Original Source: feeds.feedburner.com/TaosRealEstate
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24 May, 2008| housingblogs |
Comments (0) @ 16:44
- Well, now we know why Hillary is staying in the race. Just as we expected. Amazing.
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“Sociopath” folks, pure and simple. I’m just calling it like I see it.Funny, a lot of us just k…
Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 16:17
- Tree of the Week: The naked coral
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Pieter Severynen’s "Tree of the Week" is always a welcome interlude here, but especially so this long holiday weekend.The Naked Coral Tree – E…
Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 15:36
- The Richardson mess: She defaulted on three houses, report says
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U.S. Rep. Laura Richardson was in default this spring on three separate California houses, and lost one to foreclosure, according to a hard-hitting report in today’s Daily Breeze.
The Daily Breeze’s Gene Maddaus: "Rep. Laura Richardson, who lost
her Sacramento home in a recent foreclosure auction, has also defaulted
on properties in Long Beach and San Pedro, records show.&…
Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 15:16
- The Richardson mess: She defaulted on three houses
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U.S. Rep. Laura Richardson was in default this spring on three separate California houses, and lost one to foreclosure, according to a hard-hitting report in today’s Daily Breeze.
The Daily Breeze’s Gene Maddaus: "Rep. Laura Richardson, who lost
her Sacramento home in a recent foreclosure auction, has also defaulted
on properties in Long Beach and San Pedro, records show.&…
Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 15:16
- Canadaian Housing Market Also Subject To Housing “Physics” And Is Going Down
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Alas, what goes up, must come down- even in Canada. After months of the MSM reporting that the Canadian housing market would not go the way of their neighbors to the south- the Canadian housing market is going the way of their neighbors to the south:
Canada’s long-running housing boom has ended, with the formerly bubbling markets of Calgary and Edmonton already having gone from hot to not, …
Original Source: housingdoom.com
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24 May, 2008| housingblogs |
Comments (0) @ 13:08
- UPDATED: A Congressional Speculator?
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This is an update to post below on Rep. Linda Richardson’s foreclosure woes. Gene Maddaus of the Daily Breeze kindly forwarded today’s additions to the saga. There are not two, but three homes owned by Richardson in foreclosure. And yes, she appears to have cashed out her primary residence back in 2006 to fund her campaign for State Assembly. So it looks like a pattern.*…
Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 11:37
- A Congressional Speculator?
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I have been watching the story of Representative Linda Richardson and her foreclosure woes for a while now, while heretofore hesitating to post on it. For one thing, the original story–a member of Congress losing her expensive second home to foreclosure–had that kind of celebrity car-crash quality to it that I’m not especially interested in for the purposes of this blog. For another thing, posting about anything even tangentially related to politics invites the kind of comments that personally bore me to tears….
Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 11:37
- Richardson says foreclosure of her home was "improper"
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Rep. Laura Richardson now acknowledges her Sacramento house was sold in a foreclosure auction, but says the sale was "improper" because he had reached an agreement with her lender to keep the home out of foreclosure.From the A.P. tonight: "Rep. Laura Richardson
claimed Friday that her Sacramento home was sold into foreclosure
without her knowledge and contrary to an agreement with her lender. &…
Original Source: feeds.latimes.com
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24 May, 2008| housingblogs |
Comments (0) @ 5:03
- Taos Town/County Joint Meeting May 28
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JOINT MEETING
Taos County Board of Commissioners & Town of Taos Council
Taos County Commission Chambers
105 Albright St. Suite A…
Original Source: feeds.feedburner.com/TaosRealEstate
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24 May, 2008| housingblogs |
Comments (0) @ 2:50
- Foreclosures Climbing the Economic Ladder
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I recently wrote that San Diego’s more upscale housing sub-markets aren’t out of the woods just yet. One of my arguments concerned the behavior of the region’s more creditworthy borrowers: it’s not that they stayed away from risky loans during the boom, just that the types of loans they tended to get took longer to reset than the subprime loans that are currently blowing up all over the county’s less expensive neighborhoods.
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Original Source
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24 May, 2008| housingblogs |
Comments (0) @ 2:11
- Calif. home prices fall 32% from April ‘07 levels
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There is another ugly headline, but also a hint of recovery in the new monthly sales statistics from the California Association of Realtors….
Original Source: latimesblogs.latimes.com
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24 May, 2008| housingblogs |
Comments (0) @ 1:10
- Calif. home prices fell 32% in April from ‘07 levels
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There is another ugly headline, but also a hint of recovery in the new monthly sales statistics from the California Association of Realtors….
Original Source: latimesblogs.latimes.com
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24 May, 2008| housingblogs |
Comments (0) @ 1:10