Archive for the 'fraud' Category

American housing too expensive and the multi-income trap will not save the housing market. Banks have laundered their bad bets through the Federal Reserve and GSEs while working and middle class income has eroded.


Housing market will get much worse before it gets better. How far are we from a normal housing market? 4.3 million distressed properties away from normalcy.


Squeezing the prudent middle class homeowner – how deadbeat debt borrowers and shady banks are siphoning the wallets of prudent Americans dry. Trying to get a million dollar home for free in Simi Valley.


The $9.1 trillion bailout price tag – American households have lost $6.8 trillion in residential real estate values while mortgage debt has increased. The banking Stockholm Syndrome.


Countrywide and Pay Option ARMs on trial – The most toxic mortgage ever invented by mankind is now under trial by the SEC with Countrywide.


5 housing and financial stories showing profound weakness in the economy: new home sales break past record low dating back to 1963, prisoners using home buyer tax credit, SoCal inventory spiking, U.S. dollar multi-decade slide, and Fannie Mae cracking down on strategic default.


5 reasons why California will face another lost decade in housing – 493,000 real estate agents and brokers for 219,000 homes listed on the MLS. 7 percent of 90+ day late loans in California have no foreclosure filed. State budget depended on real estate bubble jobs for revenues.


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© 2012 Dr. Housing Bubble