Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts
Bloomberg special on the subprime market
Here is a bloomberg special on the subprime market. It includes some stark, yet strangely under-stated comments from Shiller. "It is called mean-reversion".
Start at the top and work your way down.
Things must be really desperate
Realtors must be desperate for sales. This is one of the crudest, stupidest ads for realtor services ever seen.
If you wish upon a star....
Things are so bad with the US housing market that sellers have taken to wishing on falling stars.
It is the sub prime crisis - clean up your credit ratings, folks
The sub prime crisis - can it really be that bad? "Clean up your credit ratings", that is the advice from this CNBC clip.
Jack is back
Here is another video clip with Attorney Jack Garson. The clip follows the story of a DC home owner to buys one overpriced house but fails to sell his existing home. He ends up with two mortgages costing $9,000 a month. Inevitably, his surplus housing is destroying his savings.
Rather than making you rich, housing is often a fast track to poverty and bankruptcy.
Rather than making you rich, housing is often a fast track to poverty and bankruptcy.
Booyah
Here is Jim Cramer talking about housing, loans and how things really ain't that bad.
Hat-tip to lou minatti for another great youtube video.
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