California has come up with a plan to kick the can down the road. Of course, it’s being trumpeted as a solution to the current state financial crisis. I’ll let you be the judge. From the WSJ: Gov. Arnold Schwarzenegger and California legislative leaders Monday said they reached a compromise to close the state’s $26 […]
Archive for July 20th, 2009
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Google Moon
Posted by Tom Lindmark on July 20th, 2009
SwapRent: Ralph Liu’s Mortgage Innovation
Posted by Tom Lindmark on July 20th, 2009
You may have noticed some posts on this blog and elsewhere last week about what some term the Obama Own-To-Rent program. Essentially, the idea is to permit homeowners who lose their house to foreclosure to remain in the property as renters. I’m not going to rehash the program or the differences of opinion; you can […]
Two Views On Home Prices
Posted by Tom Lindmark on July 20th, 2009
Barry Ritholtz has a really good post which outlines the reasons that he doesn’t think house prices have come anywhere near a bottom. Here is his logic: • Prices: By just about every measure, Home prices on a national basis remain elevated. They are now far off their highs, but are still remain about ~15% above […]
