Category: Homeowners

Political theft in broad daylight: Part 2, the getaway car

31 July, 2012 (09:03) | Homeowners, Litigation, Municipal bankruptcy, Sovereigns, States, Subprime, US News |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Unfortunately, not so far   In yesterday’s story of the outrageous – and if there were any justice in the world, totally illegal – confiscation of litigation settlement proceeds won by state attorneys general against banks for benefit of homeowners who face foreclosure, I provided […]

Political theft in broad daylight: Part 1, daylight robbery

30 July, 2012 (13:28) | Homeowners, Litigation, Municipal bankruptcy, Sovereigns, States, Subprime, US News |

By:David A. Smith   Some in elected office   Every now and then, one hits a story whose offhand presentation makes me wonder if the whole world is numb or merely numskulls who cannot see, even when it is thrust into their face, a blatant and disgraceful theft taking place in broad daylight, a theft […]

Home buyer disclosure: things I must tell you

29 March, 2007 (09:40) | Disclosure, Homeowners, Policy |

Even as it is a major purchase, a home is also a complex asset — both financially and physically — and to that end, government has a vested interest in professionalizing markets, in part through consumer protection — and that begins with disclosure.   We’re here to tell you some things that may interest you   As the […]

Perfectly efficient? Part 2

22 August, 2006 (09:36) | Homeowners, Inflation, Interest Rates, Prices |

[Continued from yesterday’s Part 1.]   Yesterday we saw that, as the Economist cogently pointed out, home prices are in some sense a pricing construct of what home buyers can afford to pay to own them, so even though prices have risen relative to incomes, that’s because carrying costs have dropped with lower interest rates.  […]

Perfectly efficient? Part 1

21 August, 2006 (09:21) | Homeowners, Inflation, Interest Rates, Prices |

Amid all the journalistic fluff and lather about housing bubbles, signifying nothing, trust the Economist to lay out the whole story in under a thousand words, throwing in a primer on house pricing along the way: DURING the past decade Britain’s housing market has had its most sustained boom in post-war history. Between 1997 and […]