What’s the opposite of gentrification? That’s not a trick question, though it sort of sounds like one. It’s “filtering” – the method by which many economists believe that the economy naturally creates affordable housing. 764 more words
Tags » Housing Bubble
We came across a story of a couple who bought a house in 2006 and were renting it out after the bubble burst in 2008, they are now offering 5 tips to avoid foreclosure. Check out the story here!
The current housing boom has Dallas solidly in its grip. As in many cities around the US, prices are soaring, buyers are going nuts, sellers run the show, realtors are laughing all the way to the bank, and the media are having a field day. 915 more words
The Mortgage Corner
With all the bad news coming from the stock market, it’s good to know that this hasn’t affected the housing market. In fact, it’s pushing interest rates lower, so that a conforming 30-year fixed mortgage rate has dropped to 3.50 percent in California. 655 more words
The richest one percent of this country owns half our country’s wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. 529 more words