I had covered earlier, that Bush had announced plans to help borrowers avoid foreclosure. At the moment it was rhetoric as we didn’t quite understand what would be required of homeowners in order to qualify for the assistance. Well, today those details have come. Big thanks to CreditBloggers for breaking it: It’s been tricky trying [...]
Still on brief haitus, but the Arizona Mortgage Guru and Naked Capitalism had some interesting thoughts on causes of the lending meltdown we’ve been witnessing: Yves Smith – Naked Capitalism It suggests that many of the people who took out subprimes weren’t people who bought more housing than they could afford. It says they were [...]
I get this question a lot and it’s a valid question. Heck, it’s one I often ask myself as well. Owning a home in the long term has more benefits than detriments, but with the current financial climate, you have to ask yourself: “If I’m renting my current place for $900 a month – Am [...]
In an article titled “Still Think That The Housing Bubble Is The Fault Of The Buyers And Not The Lenders?”, I proposed that while borrowers were not completely innocent, the lenders were still using quite devious practices to lure the borrowers into the fire. If you’ve been following the news at all, you’ve no doubt [...]
Catherine Reagor, one of the Arizona Republic’s reporters on Arizona real estate, released this gem onto YouTube the other day and I had to repost it for your viewing pleasure. The guy can’t hold a beat, looks a little awkward, and he completely and almost purposefully ruins a great song, but it’s just so darned [...]
