subprime

The Sky is Falling . . . We’re Watching and We’re Not Going to Do Anything About It

by Tom Koziol | July 3, 2008

In a previous post I had mentioned I belonged to USAA. For anyone who doesn’t know, USAA is an insurance company founded by Air Force personnel back in the days when military members found it almost impossible to get insurance. As it turns out, I had saved an article from their USAA MAGAZINE, Spring 2007, [...]

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Commentary

Real Estate Lessons Learned Or Lost?

by Charles Feldman | May 7, 2008

Will we ever learn? Doesn’t look like it. You’d think what with all that has gone down with the subprime mortgage/credit mess, the real estate industry (or, at least, segments of it) would be in the forefront of a much needed reform movement. Instead, there seems to be an almost pathological desire to return to [...]

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Commentary

Why People Who Think Real Estate Mess Will Soon Improve Are Wrong

by Charles Feldman | April 9, 2008

How is this for a blunt statement: If you are one of those who believes this subprime real estate debacle is going to turn around anytime soon, you are wrong! I’m not saying you are probably wrong. I’m not saying you may be wrong. I’m not even saying that more than likely you are wrong. [...]

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Economy

U.S. Financial Crisis May Be Moderating Some Experts Say!

by Charles Feldman | April 2, 2008

Could that be some light, just a little light at the end of the tunnel? It seems as if, in recent weeks, there has been a steady drumbeat of bad economic news all traced back to that original subprime mostgage crisis. The near collapse (okay, some may argue it was an actual collapse) of Bear [...]

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Blogs

If An Economy Crashed In The Woods And No One Cared, Would It Make A Sound?

by Richard Warren | March 31, 2008

Could you imagine driving by a bad car wreck without looking? Could you imagine other drivers whizzing by without gawking at the carnage? Neither can I. Yet, that is exactly what seems to be happening with the economy. Sure, everyone knows about the foreclosure mess and mortgage crisis because the news outlets feast on these [...]

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Economy

Consumers Worried; Home Prices Down; Trillions in Losses; Any Good News? Well…

by Charles Feldman | March 26, 2008

How about some good news for a change about real estate, mortgages, credit, jobs, consumer confidence, Wall Street stability, the future of civilization as we know it? Sorry, not gonna get it here. Evidence is evidence and though some may like to engage in wishful thinking, the evidence is not good at all. Goldman Sachs [...]

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Economy

Real Estate Crisis Worsens and Takes the Rest of the Economy Down with it!

by Charles Feldman | March 12, 2008

If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at. Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming. But, before [...]

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Economy

US Real Estate Crisis Causing Record Economic Distress

by Charles Feldman | February 27, 2008

It is amazing, by any standards, just how bad things have gotten on the economic front because of what was, at first, a crisis in the subprime mortgage market. Of course, conditions had to be right (or wrong, in this case) for the subprime match to ignite such an enormous world-wide blaze, but, it has, [...]

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Real Estate News

Sunday Real Estate Wrap-Up

by Joshua Dorkin | February 24, 2008

I’m not sure about the rest of you, but this has been a LONG week for me. Personal issues aside, is seems like there is just so much happening in the world: Lunar Eclipse, US shoots down failing satellite, Kosovo declares independence, Castro steps down from leadership of Cuba, Ralph Nader is back, Clinton/Obama battle [...]

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Foreclosures

Subprime Mortgage Crisis Draining Wealth From African-Americans

by Charles Feldman | February 20, 2008

A little noted report last month deserves a much closer review. It concludes that the subprime mortgage crisis is causing African-Americans to “experience the greatest loss of wealth in U.S. history.” The report is from United for a Fair Economy and is called “Foreclosed–The State of the Dream 2008.” According to the report, American blacks [...]

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Cool Stuff

How Does a Dick Become Rich? A Real Estate Success Story

by Joshua Dorkin | February 8, 2008

With an economic crisis getting worse and worse, a housing bubble, doom and gloom everywhere, foreclosures, and subprime blowups, find out how you can take advantage and become rich with real estate. Enjoy the video, then pass it on and spread the love!

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Economy

Mortgage Crisis:The Knee Bone’s Connected To The Leg Bone

by Charles Feldman | January 6, 2008

If anyone had any doubt that the subprime mortgage/credit crisis is taking its grim toll on other aspects of the U.S. and world economy, here’s a sobering figure:The unemployment rate skyrocketed to 5 percent (and,yes, that is considered high for the U.S. and a sign of a faltering economy) while employers added only about 18 [...]

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Commentary

The Dark At The End Of The Tunnel: Subprime Fallout Hits Global Proportions

by Charles Feldman | November 28, 2007

Here’s just a very small sample of headlines from recent days about the economic doom and gloom being caused by the ever deepening mortgage crisis that started in this country but has now reached out its tentacles to squeeze the testicles of just about every European and Asian nation and threatens to plunge the developing [...]

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Commentary

Renters Driven From Foreclosed Homes; While Cars Sales Skid

by Charles Feldman | November 21, 2007

You’d have to be freaking Mary Poppins to be optimistic about the economy and would need a whole lot more than a spoon full of sugar to help the medicine go down: You’d have to swallow all of Cuba’s sugar fields. And, what is the cause of our economic woes? That’s right. The housing/mortgage/credit crisis [...]

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Commentary

UFO’s And The Great American Mortgage Disaster

by Charles Feldman | November 14, 2007

Sightings of UFOs, as in Unidentified Flying Objects, are on the rise…so much so that an international panel got together this week in Washington to urge that the U.S. government reopen Project Blue Book which was an Air Force project to investigate UFOs from 1947 to 1969. The panel included some two dozen former pilots [...]

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