Tag Archives: housing

Calculating the cost of bailing out the economy

Now that the NBER has decided to endorse my view that we went into recession last December which I first first claimed last January, I think my points about the efficacy of fiscal stimulus still apply. As for spending already … Continue reading

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When are we being Chicken Littles?

Let us look at one of the ways that we are being panicked unnecessarily, and why incidentally we can help many of these financial institutions in the fashion I discussed in my post on a potential alternative plan. In my … Continue reading

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…and I want a pony!

Larry Summers and Mark Thoma argue that if done right the bailout will mean we can solve this crisis and still have everything we want, tax cuts, health care spending and all kinds of other goodies. Larry argues: Just as … Continue reading

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Surprise, Central Planning is Still Stupid (Even in China)

(photo: 2 Dogs) Modern China has a curious capacity to make otherwise very sensible capitalists instantly forget every experience they’ve ever had with government central planning. The Western businessman on a trip to Shanghai looks up and sees all those … Continue reading

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More from the Kettle

I still hate the housing bill.

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Driving a Bargain

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Select Rants

For those of you who love New York Times bashing, I am in rant mode at Risk and Return. What a bunch of balderdash. Also, if you want a good idea of where housing prices may go, I also have … Continue reading

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McCain takes a stand against Fannie and Freddie

McCain takes a stand against Washington’s biggest example of “crony capitalism:” What should be done? We are stuck with the reality that they have grown so large that we must support Fannie Mae and Freddie Mac through the current rough … Continue reading

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You Walk Away Hits Television

Cross posted at Risk and Return You may remember the website we discussed back in January. Dale Franks just discovered their program, because they now are on Television. He asks the obvious question: So, should the mortgage companies get off … Continue reading

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Housing Incoherence

The New York Times thinks housing was in a bubble and prices are too high. Their solution? Try to keep housing prices too high.

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Middle Class Burdens

Thanks to Don Boudreaux, I found this “Inconvenient Truth” about the struggles of the middle class. As readers here know, I have long been a bear on housing, but as always those who want their hands on our wallet can … Continue reading

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McCain – Not a Flip-Flopper on Housing Issue

Well, it’s all the rage now. The AHA GOTCHA! moments of political campaigning. Some think they’ve got McCain painted in a corner by the selective use of quotes: In a speech March 25, he said: “It is not the duty … Continue reading

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The Nationalization of the Housing Market

Regular readers know that I have been harping on the likely collapse in housing since this blog began. At this point I am hardly an outlier in being concerned, which means now the politicians and experts are ready to ride … Continue reading

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The Subprime Shuffle

Courtesy of Barry Ritholtz, we get a look at some black humor being passed around on the trading desks of Wall Street: Go here to see the whole slideshow. I would have more humor about this if I didn’t just … Continue reading

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Fundamentally there was no housing bubble?-Update

So claims Alex Tabarrok. Alex and his blogmate Tyler are two of my favorite bloggers, but on this matter I think Alex is wrong. Unlike for some, his argument doesn’t invite scorn from me, because humility should teach us that … Continue reading

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A Chicken in Every Pot

Have you ever met a politician who didn’t make promises that could not be delivered? I haven’t, either. Of course, there are promises… and then there are promises. If you are someone with an adjustable rate mortgage who has run … Continue reading

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This is truly disturbing-Updated

youwalkaway.com I really have little to add to my declaration of extreme discomfort. Much more on this here.

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Today’s links: Washington tries to step up

 (cross posted at Risk and Return) Ben Bernanke gives Congress and the President the green light to take steps to stimulate the economy along with a warning:

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ChrisB and the Federal Reserve

Chris asked what he thought the Federal Reserve could have done differently. I gave him an answer, but there was more to be said. My full answer is here. Scroll around, there is a lot more on the what could … Continue reading

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Scary graphic of the day

From a post at the Minneapolis Star Tribune’s buzz.com describing the impact on neighborhoods in Minneapolis of the spiraling number of foreclosures. Each pin is a foreclosure. 725 total in North Side. (HT: Instapundit)

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Today’s links: The Housing Market

(cross posted at Risk and Return) Paper Economy has taken a close look at what it will take to get inflation adjusted housing prices in Massachusetts back to trend over a five year period. It should be noted that for … Continue reading

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