recovery

Time to Let Underwater Homeowners Drown

by Marty Boardman | January 20, 2012

The house on Carla Vista Drive had never been remodeled. Nor did the original owner elect to pay for any upgrades when the home was first purchased. Built in 1992, it had no appeal to a retail buyer. From the peach-colored mini aluminum blinds, to the blue countertops, to the white-washed kitchen cabinets, this house [...]

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Commentary

It Ain’t Over Till It’s Over

by Tom Koziol | December 19, 2008

If you saw the Dec 14, 2008, 60 Minutes broadcast featuring a segment titled, “A Second Mortgage Disaster On The Horizon?” you’d probably be scratching your head asking yourself when this meltdown will end. The segment had Scott Pelley interviewing Whitney Tilson an investment fund manager who is supposedly the new guru on the mortgage [...]

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Housing

Are Californians Getting Poorer?

by Joshua Dorkin | September 4, 2006

A new report out of UC Berkley brings sobering news to the people of California. The Mercury News‘s report headlined, “Housing funk spreads to jobs: Low-Income Workers Fail to Keep Pace With Inflation” details how the economic recovery in California since the dot-com bubble has not truly reached either the middle class or the lowest [...]

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