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Biggest Housing Bubble Of The Century February 5, 2009

Posted by tkcollier in Economy & Business.
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mortgage-bubble-chartThis chart puts the size of the last Housing Bubble in perspective and show us how far we have to go to correct it.

The next chart shows how far we have come in downgrading 56% of all Mortgage-Backed Securities issued from 2005 through 2007 Bubble. mortgage-downgrades

Blame HGTV for the Real Estate Crash January 4, 2009

Posted by tkcollier in cool stuff.
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HGTV is an evil empire that never rests. You can loathe your current domicile 24/7 with programs such as “Stagers” (move a few things around and double the value of your home); “Designed to Sell” (you can sell your house, even if the house next to yours is in foreclosure); “Design on a Dime” (see, it’s cheap); and “Property Virgins” (losing your virginity was fun, wasn’t it?) Every show features highly attractive hosts who show you how to “unlock the hidden potential” in your home, how to turn a $10 thrift-store table into a “wow” media center, and how to make everything “pop.” Pop is the word of choice on HGTV.

Ironic, isn’t it, given the fact that pop is the sound we keep hearing from the McMansion-sized housing bubble HGTV created.

via Jim Sollisch: Blame Television for the Bubble – WSJ.com. (more…)

Bubble Warnings From Davos October 26, 2008

Posted by tkcollier in Economy & Business.
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The five day Davos meetging, held annualy in Switzerland, is THe meeting for the Rich and Powerful.I was taken by this quote from Stephen Roach, then Morgan Stanley’s chief economist, who now is chairman of Morgan Stanley Asia Ltd. “A sharp decline in housing prices could have a tremendous impact on the global economy; in the U.S. alone, 40 percent of new jobs since 2001 have been related to the housing sector. With low interest rates and excess liquidity, other bubbles may follow,” If the corralary is true, then we could be looking at more job loss than currently predicted.Here is the vull article inThe Bloomberg.com: Exclusive

Economist: Housing slump may exceed Depression April 22, 2008

Posted by tkcollier in Economy & Business, Lifestyle.
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Economist: Housing slump may exceed Depression
Yale University economist Robert Shiller, pioneer of the widely watched Standard & Poors/Case-Shiller home price index, said theres a good chance housing prices will fall further than the 30 percent drop in the historic depression of the 1930s. Home prices nationwide already have dropped 15 percent since their peak in 2006, he said.

“I think there is a scenario that they could be down substantially more,” Shiller said during a speech at the New Haven Lawn Club.

Shiller’s Standard & Poor’s/Case-Shiller home price index is considered a strong measure of home prices because it examines price changes of the same property over time, instead of calculating a median price of homes sold during the month. (more…)

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