Day

January 9, 2009

Obama’s "Goldilocks" Approach

Obama’s Fiscal Stimulus Splits the Difference“Obama’s economic plan falls well short of what’s needed.”–Paul Krugman, “The Obama Gap” (NYT, 1/9/09)“Obama has vowed to do everything at once . . this will be the most complex piece of legislation in American history.”–David Brooks, “The Confidence Surplus” (NYT, 1/9/09)Depending on who you believe, President-elect Obama has devised...
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"Sticky" Property Taxes

Q: How long does a property tax hangover last?A: Two years-plusOne of the sticking points, literally, for would-be Buyers of foreclosed properties is an unpleasant hangover from the erstwhile housing boom: bloated property taxes.In today’s, foreclosure-tinged market, it’s not unusual to see homes listed for 30% or less of their assessed tax value (no, that’s...
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