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jcrash
248 Comments
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The WSJ Is Wrong on the Housing Crisis
At 87, my grandfather is still living in his house with his wife. Yes, she has had 3 heart attacks and he has had colon cancer, but they are on their own, at home.
If you think 70 is "time to retire to a nursing home" you are seriously out of touch.
Will Fannie Mae Survive?
$48 Billion. I can't see how they don't lose that much which is more than their equity base.
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puhleaze.
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Too many idiots are driving around in V-10 duallies taking their kids to soccer practice.
The Impending Mortgage Crisis: Part Two
You can buy a NEW 3,000 sq. ft. house for less than $250,000. Given interest rates at 5.5 to 6%, that makes it pretty affordable.
But, in general I'm using the data provided by the author. Using his data, 2008 should be able a 1.35 on my normalized scale. That is about the same as most of the last 20 years, and much better than the late 80's and early 90's (not to mention orders of magnitude better than the early 80's).
I'm not a big believer in price to rent for several reasons, first of which is home sales are skewed to new homes and home rents are skewed to older homes thats like saying a 1970's VW bug is equivalent to a new Prius.
A Few Crumbs of Good Housing News - Housing Tracker