Underbelly

Recall: my generation grew up in a world where deals chased money.  Since, oh, say, 1980, we've lived in a world where money chased dea...

Taxmom points out that my old house is for sale in Davis (CA) at $579k..  My then-wife and I bought it in 1969 for $26k, which pencils out t...

Pretty much by chance, I came upon the Zillow page for the first house I ever bought, back in St. Matthews (i.e., suburban Louisville) KY in...

The Subprime Virus is the kind of book you might read for Lent, not so much for enjoyment.  It's good for you: it flushes out some toxi...

William K. Black offers what is, to me, an entirely new spin   on the question  as to the role of Fannie/Freddie in the mortgage meltdown:  ...

Brad DeLong likes to offer ten good economics stories every day. From today's lot, I pick one: fake home ownership : I saw an ad on c...

One of he reasons it is so hard to make sense out of the housing bubble: "housing," so-called, is so many different issues. Consi...

From the NYT Sunday morning story about Norm Radow the Workout Guy who steps in to make what he can out of failed real estate projects: In ...

Calpers has always atttempted to learn from downturns. --Ted Eliopoulos, head of Calpers' real estate portfolio, attempting to find cons...

Wichita recycles an old favorite: The efficiency of the post oiffice. The compassion of the IRS. Wichita offers assorted additional insight...

I'm trying to make sense out of the " McCain HOME Plan " wherein, as I understand it, the government (we) will buy up toxic m...

I've been channeling Mr. Scrooge on government-sponsored homeowner mortgage relief: most of these people took knowable risks that turned...

Thank you all for coming to hear my opinion this evening. Let me try to be brief because I know we all have other things to do with my tim...

Joel finds this in the Washington Post : Ocean, N.J. While witnessing, but not participating in, the home real estate frenzy in 2005...

Per the guy at the next table, talking loudly on his cellphone: In San Diego, we have the San Diego/Buffalo indicator: one home in San Diego...

Carpe Diem trolls for cool charts and maps so you and I don't have to. Here is some good stuff from the NY Fed on the mortgage mess. ...

Virtually all of my betters appear to be turning thumbs up (even if tepidly) to the Fanny/Freddy bailout, so I guess I do too. But it sti...

Just got through explaining to my students how equity is an option on the assets, where the exercise price is the payoff cost of the debt. ...

Had dinner with a bunch of bankruptcy lawyers last night. They're talking to lots of airline pilots and (former) real estate profession...

For anybody who cares about the housing meltdown, Calculated Risk is always a must-read--particularly today, with about 10 great posts, inc...