All the great news about rising home prices creating a wealth effect is an overstatement, because consumer debt remains double that of 2001.
Taxing millionaires and billionaires -- especially the Warren Buffet plan to raise the minimum tax rate on capital gains -- demonizes success and makes war on capital formation. Gov. Chris Christie calls this a demoralizing message.
To find out, we went back into our previous analysis of the value of the President's primary residence in Chicago, Illinois, and updated it using the Federal Housing Finance Agency's latest revised data for how housing prices have changed in the Chicago metropolitan area over time.
A new lower-cost loan introduced by the Federal Housing Authority, FHA, has made reverse mortgages accessible to a greater number of seniors -- that's the good news. But changes in the Department of Housing and Urban Development's, HUD, rules, as well as some major lenders dropping out of the reverse mortgage business, have raised concerns and hurdles for borrowers.
Real estate professionals often get bashed when they suggest that “now” is a good time to buy property. While critics can have many subjective opinions based on their unique experiences, math always tells the truth.
The recent level of aggressive policing by HOAs is grossly unfair to the remaining homeowners who have regularly complied and paid their bills and mortgages on time.
Based on history, the U.S. seems to face major recessions every decade. And so far, the U.S. has pulled itself out of what seemed to be end-all calamities. It’s easy to blame the wealthy people of this country for “taking” from others. But perhaps, all some of them really did was make a move when everyone else was paralyzed with fear.
While the Obama administration has been busy bailing out irresponsible financial institutions and big business, individual homeowners have been left with little relief, with many forced to file for bankruptcy.
Wall Street did it. Those rotten bankers are at fault. That’s the story we’ve repeatedly heard since 2008, when the bottom started falling out of the housing market.
But in most of the Western world, fortune telling has lost its potency – that is unless the fortune teller happens to be a scientist, pollster, or economist.
Christmastime is the season of hope, optimism and goodwill, and there are good reasons for Americans to believe we will eventually emerge from the Great Recession stronger and more prosperous than ever.