If lender lobbyists don’t roll back Dodd-Frank, the new mortgage rules will prevent future housing bubbles.
Everyone wants to buy a home and see it go up in value. Most people assume the greater the increase the better because they don’t want to believe there is a natural limit to home p… – Dodd-Frank prevents lenders from inflating another bubble
realtors are more interested in generating false urgency than helping buyers make a sound decision that’s best for their family.
When a realtor talks, at some level you know that most of what they say is bullshit. They aren’t necessarily liars that intentionally make false… – realtors expound shoddy analysis to create a false sense of urgency
Many delinquent mortgage squatters game the system to enjoy free housing for as long as they can.
It’s no secret that banks are willing to modify any delinquent loan if the borrower merely asks. Since nearly all the outstanding delinquent loans are properties worth less than the… – 362,000 American delinquent mortgage squatters refuse loan modifications
The next generation of entry-level housing won’t be built if lenders burden the available land with bad bubble-era loans.
The valuation of land used for residential housing is mysterious and often misunderstood. The valuation of lots and raw land requires a detailed knowledge of… – Does lender can-kicking harm the starter-home market?
Do Millennials reject the American dream of home Ownership, or does it reject them?
If you are over 40, when you entered the workforce, you had little or no debt, there was a job waiting for you, and house prices were affordable. All you needed to do was save a few bucks, and you could buy your… – Do Millennials reject the American dream of homeownership?
Voters warm to the idea of reforming Proposition 13, but large financial interests would vigorously oppose any attempts to curtail their subsidy.
As we discussed yesterday, California is limited in its ability to tax real estate by Proposition 13. Proposition 13 limits the tax rate to 1% of… – Does Proposition 13 reform have a chance?
Other necessary costs of ownership consume a quarter to half the amount borrowers could potentially put toward loan payments.
When lenders calculate how much they are willing to loan to any particular borrower, they measure the borrowers income from wages and other sources and calculate how… – The most ignored homeownership costs: property taxes, insurance, and HOAs