Bob’s Take

Recovery? What recovery?

Posts Tagged ‘Real Estate’

Recovery? What recovery?

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Golly, what a surprise! People who couldn’t qualify for a loan in the first place and then defaulted, are defaulting again on the loan even after it has been “modified.”

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Jeffrey Tucker is tired of seeing all the political yard signs showing up in his neighborhood, and I think he makes a very good point: I can’t understand why people are willing to give up precious real estate on their front lawns, make friends mad at them, and put their own credibility on the line to [...]

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The similarity of this entrepreneur to those in Ayn Rand’s book Atlas Shrugged are quite remarkable.

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According to World News Daily Obama has real estate agents working on a $35 million property in the “high rent” district in Kailua, the Beverly Hills section of Hawaii. And author Corsi thinks it’s because Obama expects to lose in November: Very quietly, Obama’s chief financier, Penny Pritzker, has entered the Hawaii housing market to buy [...]

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CATO - The Fed’s New Round of Quantitative Easing By introducing another program to buy MBSs [mortgage-backed securities], to the tune of $40 billion per month, the FOMC [Federal Open Market Committee, headed by Fed Chairman Bernanke] is supporting the long-standing federal policy of special aid to housing, real estate and mortgage interests. These federal policies [...]
One unintended consequence of low interest rates is that savers are punished at the expense of borrowers. There is a discernible transfer of wealth from those who own it to those who don’t. That’s major.

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Mark Murray - Clinton: No one could have restored economy to full health in 4 years What I [Clinton] can do….is explain why I think his approach is right and it’ll pay off if we renew his contract. [What I can do is] explain why the economy he faced was much weaker and different than the [...]
Betsy Woodruff: How Did Harry Reid Get Rich? Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary—and he’s [...]
It’s true: in every cloud there is a silver lining. The “official” recession will likely be announced just before the election, just in time to push Obama out of the White House.

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