Fake Housing News? More Like a Missing Decimal Point Nearly 15 million homes sold nationwide in April, May and June, according to new data released last week by the Commerce Department and National Association of Realtors.” –“2020 is the Summer of Booming Home Sales ” and Evictions”; The Washington Post (7/27/2020). Maybe it was due...Read More
Comparing Yahoo’s Stock Price Then and Now “Sure, [today’s] stock market isn’t cheap by any rational standard. But if you want to see what an actual bubble is ” and the damage it leaves behind when it pops ” take a look at the latest iteration of the long-running deal under which Verizon is buying...Read More
What’s Behind It? Can You Say, “Financial Arbitrage?” “After a period when cheap mortgages were too available, the pendulum has swung too far; a lack of finance is holding the economy back. The clearest evidence is the growing number of lower and middle-income families paying rents to the private-equity firms that own their homes at rates...Read More
My Favorite Post of the Year (So Far) Those who talk, don’t know. And those who know . . . don’t talk. –Lao Tzu Better to keep your mouth shut, and let people think you’re an idiot, then open it and remove all doubt. –Mark Twain What’s going to happen in 2012? Hell if I...Read More
