Steve Keen Vs Chris Joye Property Debate Feb 2011
Just Check out how uncomfortable Chris Joye Looks he dosn't believe what he is saying & he knows Steve Keen can catch him out if he tries to use Voodoo Economics?
Saturday, March 12, 2011
Tuesday, March 8, 2011
Underwater Mortgages Rose At End of 2010
The number of Americans who still owe mortgages worth more than their homes rose at the end of last year, according to a CoreLogic report released on Tuesday.
Approximately 11.1 million homes, or 23.1% of all mortgaged homes, were underwater in the fourth quarter of 2010. That figure is up from 10.8 million, or 22.5% of homes, in the July-September quarter prior.
Although the number of underwater mortgages have fallen in the previous three quarters, the report cites an uptick in foreclosures, meaning many homeowners of those underwater mortgaged houses defaulted on their payments.
Underwater mortgages typically go hand in hand with falling home prices. Housing prices hit their lowest point in December in 11 out of 20 major U.S. metro areas since the housing bubble burst.
The Associated Press reports that, in a healthy market, usually only around 5% of households are underwater.
Approximately 11.1 million homes, or 23.1% of all mortgaged homes, were underwater in the fourth quarter of 2010. That figure is up from 10.8 million, or 22.5% of homes, in the July-September quarter prior.
Although the number of underwater mortgages have fallen in the previous three quarters, the report cites an uptick in foreclosures, meaning many homeowners of those underwater mortgaged houses defaulted on their payments.
Underwater mortgages typically go hand in hand with falling home prices. Housing prices hit their lowest point in December in 11 out of 20 major U.S. metro areas since the housing bubble burst.
The Associated Press reports that, in a healthy market, usually only around 5% of households are underwater.
Monday, March 7, 2011
D.C. Mortgage Protests
Mar. 7 2011 | The National People's Action Group calls for prosecuting corporate criminals they say are responsible for the financial crisis, at the Conference of Attorney's General in Washington, D.C.
Sunday, March 6, 2011
Real Estate Bubble : Las Vegas Boom & Bust - A Preview for Singapore & China?
Join Mike Maloney as he visits 2 examples of what he refers to as "A preview for Singapore & China" in Las Vegas.housing is still in ground and that will become an opportunity. If you follow Michael Maloney though you will see he is talking about one the largest opportunities as a result of the FED's and worlds printing. All of this printing press action is causing gold and silver to rise, it's one of the few investments that have done well as a result of government stupidity.
Friday, March 4, 2011
Foreclosures to Slow Down?
Mar. 4 2011 | Alan Greenspan, former Federal Reserve chairman, expects foreclosures will start to slow down. He also says the housing market is dealing with a significant level of distressed sales.
Tuesday, March 1, 2011
Mortgages to Cost More Without Fannie, Freddie
The Obama administration's plan to dissolve Fannie Mae and Freddie Mac and to shrink the government's role in the mortgage market is drawing praise from House Republicans.(March 1)
UK House Prices Rise
Mar. 1 2011 | "To be honest, it doesn't really change the underlying picture," Robert Gardner, chief economist at Nationwide told CNBC after UK house prices rose in February.
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