Posted on January 17th, 2010, by DHW
A great post by seekingalpha.com
History can give us guidance in fixing our real estate crisis.
“Faced with his own foreclosure-nightmare, Julius Caesar came up with a decisive and practical means to cure the solvency crisis which was at the heart of that real estate meltdown. Caesar decreed…that all mortgage interest would be canceled. Thus, all mortgage payments [...]
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Tags: history, Housing, housing crisis, interest, julius caesar, mortgage
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Posted on January 10th, 2010, by DHW
China announced on Sunday that it will not allow foreign speculative investment to cause a run on home prices.
The directive calls on the central bank and banking regulators to increase oversight and “window guidance” of mortgage lending.
“Relevant departments must enhance monitoring of loans and cross-border investment to prevent illegal inflows of capital into the property [...]
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Tags: china, china housing bubble, chinese housing bubble, chinse housing market, foreign, Housing, housing bubble, housing market
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Posted on January 3rd, 2010, by DHW
From The Wall Street Journal:
“The Federal Reserve had a role in inflating the housing bubble, but it wasn’t low interest rates in the U.S. that fueled speculation in housing around the globe, Fed Chairman Ben Bernanke said Sunday.
Rather, it was lax supervision of toxic mortgages by the Fed and other bank regulators — along with [...]
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Tags: bernanke, housing bubble, low interest rates, toxic mortgages
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