The Center for Economic and Policy Research came out with another great paper this month titled The Cost of Maintaining Ownership in the Current Crisis
Here’s an excerpt from the summary (emphasis mine):
The collapse of the bubble in the U.S. housing market is creating chaos in financial markets while throwing the economy into a recession. It [...]
Entries Tagged as 'government_meddling'
CEPR: Maintaining Ownership Makes No Sense
April 11th, 2008 · 39 Comments
Categories: Statistics
Tags: CEPR, fundamentals, government_meddling, library
Seattle Bubble Speaks out Against Bailouts on NPR
April 9th, 2008 · 79 Comments
Stop the Mortgage Bailout, Patrick.net, and Seattle Bubble were featured this morning in a segment called Opposition to Proposed Homeowner Bailout Growing on NPR about the various government bailout plans.
You can listen to the full three-minute segment on NPR’s website. Here’s a little clip of my appearance:
The house Mr. Kaste and I were standing [...]
Categories: Media
Tags: bailout, government_meddling, Media, NPR, radio
Stop the Mortgage Bailout
April 3rd, 2008 · 42 Comments
There’s a new site called Stop the Mortgage Bailout that aims to draw attention to the anti-bailout cause and educate people about what a bailout would really mean.
From the site:
A bailout is morally irresponsible because it encourages irresponsible and irrational behavior. Here is a short list of the many “moral hazards” that a bailout enables:
A [...]
Categories: News
Tags: bailout, government_meddling
Local Public Radio KUOW On Government Bailouts
March 26th, 2008 · 25 Comments
A friend pointed me toward an interesting radio segment that aired on local public radio KUOW today: Should the Federal Government Bailout Banks and Homeowners?
You can listen to the full segment at the link above. Here’s a short excerpt from the beginning:
It seems that most of the people that called in were against a [...]
Categories: Media
Tags: bailout, government_meddling, KUOW, radio
Two Years Too Late: Legislature to Address Condo Conversions
February 5th, 2008 · 18 Comments
Here’s a follow-up to yesterday’s condo re-version story. Just in time for the condo conversion mania to switch directions, while supply and demand do that thing they do so well, here comes the State Legislature to “fix the problem.”
Renters forced from their apartments to make way for condominiums would get more time to find [...]
Categories: News
Tags: condos, government_meddling, legislation
Seattle To Get In On Bailout Action
January 31st, 2008 · 50 Comments
Looks like the City of Seattle is getting in on some of the home “owner” bailout action.
The City of Seattle is offering a helping hand to homeowners facing foreclosure.
The pilot program would offer $5,000 loans to 40 families.
Wow, $5,000, huh? That will let some overstretched buyer keep making their adjusted-ARM payments for about… six [...]
Categories: News
Tags: foreclosures, government_meddling, King5, Nickels
