Archive for the ‘Housing Crisis’ Category
Posted by Larry Doyle on May 30th, 2012 7:41 AM |
As I pondered what to write this morning, I thought about addressing the 15% pullback in the price of gold over the last three months. What was happening to this supposedly safe haven? Despite this pullback, gold is still up 135% over the last 5 years. Time to look for a more interesting topic.
Let’s turn our gaze to the southeast and address what can only be described as the CRASH of the Atlanta housing market.
While nationwide home prices were down 1.9% over the last 12 months, our home owning friends in Atlanta experienced close to an 18% cliff dive in home values during the same time period. (more…)
Tags: Alan Greenspan, Atlanta, Atlanta home prices, Atlanta housing market, Atlanta's housing market, Bank of America Atlanta Georgia, Case Schiller Housing Index Atlanta, home prices in Atlanta, house prices in Atlanta, what caused Atlanta's housing crash s, what is driving home prices in Atlanta
Posted in General, Housing Crisis | 3 Comments »
Posted by Larry Doyle on February 24th, 2012 6:54 AM |
All reports to the contrary, unless and until our housing market stabilizes you can rest assured our economy is NOT going to rebound in a meaningful fashion anytime soon.
A wide array of government sponsored mortgage programs to date have yielded very limited support. Uncle Sam has written checks and violated many a moral hazard via these programs, but has very little to show for it in return.
As we enter into 2012, the markets for purchasing versus rental in many geographic regions of our nation are dramatically different. Might a program which promotes converting current foreclosures to rental properties be viable? (more…)
Tags: a sensible solution for housing, foreclosure crisis, housing scams, how to solve our housing crisis, Ken Rosen, Lew Ranieri, Options for Real Estate Owned, Private Sector Solution to Foreclosure Problem, rental program for foreclosed properties, renting foreclosed properties, renting out foreclosed properties r
Posted in General, Housing Crisis | 3 Comments »
Posted by Larry Doyle on February 2nd, 2012 11:57 AM |
I find myself in a daily battle not to write cynically about our economy and the political dynamic within our nation.
Just this morning I find myself wanting to rail on the Obama administration’s latest efforts to support housing when past efforts have been such enormous disasters.
How enormous? I cannot help myself……. (more…)
Tags: Billion Prices Project MIT, Consumer Metrics Institute, cynicism in America, easy to be cynical, Federal Housing Administration, FHA plan to support housing, financial ignorance in America, housing foreclosure crisis, Housing plan White House, Josh Rosner, Kenneth Rogoff, Obama Administration Housing Plan, Obama Housing Plan, Obama on housing, Obama Plan for Housing, Obama Promotes housing, Obama's housing plan, President Obama, Seeking Alpha, Sense on Cents, Shadow Government Statistics, Uncle Sam, White House plan on housing, White House plan to support housing, will Obama plan for housing work, will Obama's housing plan work
Posted in General, Housing Crisis, Obama Administration | 6 Comments »
Posted by Larry Doyle on June 20th, 2011 8:07 AM |

Over the last few years I have highlighted the fact that the deflationary impact of declining wages and home values gave cover to the Federal Reserve for maintaining an excessively easy monetary policy and pumping up asset prices via quantitative easing. That party would now seem to be over. Why?
There is no doubt that Fed chair Bernanke’s easy money has played an integral role in the inflation we are experiencing at the pump, in the supermarket, and across a number of other commodities.
As we continue to navigate the U.S. economic landscape circa 2011 and beyond, the ongoing decline in home values in many regions of our nation now would seem to be setting the table for an inflationary spike in housing costs. How so? What is going on here? (more…)
Tags: Ben Bernanke's party on Wall Street, benefits of purchasing vs renting, Bureau of Labor Statistics, Capital Economics forecast for US rental market he, Case-Shiller Index, Consumer price index, cost of purchasing vs renting, cost of renting, deflation vs inflation, easy monetary policy, easy money, Falling House Prices Mysteriously Fuel Inflation, fed's party, Federal Reserve monetary policy, foreclosures fueling inflation, future federal reserve policy, future monetary policy, hom eprices decline rents move higher, housing deflation vs housing inflation, how is housing inflation measured, how will Federal Reserve set monetary policy going forward, is housing in a Depression, is the fed's party over, measuring cost of housing, measuring CPI, measuring inflation, NAHB sentiment index, no more quantitative easing, owning vs renting, price of shelter, purchasing vs renting, quantitative easing, the end of easy money, underwater mortgages, what will Federal Reserve do, what will the Federal Reserve do with future policy, where are we getting inflation, where will people live, why might the Fed's party be over, will there be a QE3
Posted in Federal Reserve, General, Housing Crisis, quantitative easing | 10 Comments »
Posted by Larry Doyle on June 1st, 2011 9:30 AM |

While various and sundry soothsayers have been touting the relative merits of our housing market for the last few years, I did not have a constructive comment about housing until just six weeks ago when I wrote, Is It Getting Time To Buy a House?. Housing price data released yesterday confirmed that our nations’ housing market has, in fact, suffered a double dip.
Is my positive commentary on housing premature and akin to ‘catching a falling knife’? Why was I negative for so long? Why do I think the bottoming process will be prolonged? What do I see as a compelling reason why homeownership is becoming increasingly attractive? Let’s navigate.
1. Why was I negative for so long? (more…)
Tags: Capital Economics, cooking the books, factors supporting homeownership, factors to consider before purchasing a home, HAMP, home equity, homeownership, housing double dip, housing overhang, how long will it take housing to bottom, is it time to buy a home, liquidity of owning a home, median mortgage payments, mortgage debt, mortgage finance, Nothing Going Up But The Rent, owning vs renting, renting vs buying, should I buy a home now, size of shadow housing inventory, U.S. housing market, underwater mortgages, when will housing rebound
Posted in General, Housing Crisis, Mortgage Cram-Down, Mortgage Crisis, Mortgages | 4 Comments »
Posted by Larry Doyle on August 24th, 2010 11:58 AM |
Our nation rests on a foundation of entrepreneurial risk taking. I am a strong proponent that our government should work to promote those who have the minds and spirit to take risk and drive our nation’s future economic growth ever higher. That spirit has brought us untold gains over the years. We need to continue to tap into that spirit whenever and wherever we can. On a day in which we just reported that existing home sales dropped 27% in the month of July, I believe it is timely that we tap into this ‘spirit’ and address another alternative housing finance solution.
I referenced the need for real entrepreneurial spirit the other day in writing, A Proposed Solution to the Foreclosure Crisis:
With the Conference on The Future of Housing Finance being held in Washington today, do we really expect the government to propose anything that may help support or fix our system of housing finance? (more…)
Tags: Advanced e-Financial Technologies, alternative housing finance solutions, entrepreneurial spirit, existing home sales, home finance, how does SwapRent work, Larry Doyle, mortgage finance, Sense on Cents, solutions to foreclosure crisis, what is SwapRent, who is Ralph Liu
Posted in General, Housing Crisis, Mortgage Crisis | 6 Comments »
Posted by Larry Doyle on June 17th, 2010 12:23 PM |
Jobs and housing remain the key components to our economic future. Why do I believe we are in for a long and winding road as we navigate the economic landscape? The prospects for real improvements on both these fronts are not positive.
Just this morning, initial jobless claims ratcheted back up to 472k.
In regard to housing, if a picture speaks a thousand words, then the pictograph provided after the fold is a short novel. Despite the information provided here, this Wall Street Journal graph does not capture the full picture of our nation’s housing dilemma. (more…)
Tags: Home Loans are Burden in New York Area, Home-Ownership Mirage, homeowners with positive equity, homeownership, homeownership rate, housing in New York, housing supply, how far underwater are homeowners, mortgage delinquencies and foreclosures, overhang of housing, peak homeownership rates in America, shadow inventory of housing
Posted in General, Housing Crisis | 1 Comment »
Posted by Larry Doyle on April 29th, 2010 3:34 PM |
Despite all reports to the contrary, markets in general and housing in particular are ultimately a function of supply and demand. On that note, why isn’t the housing market poised to truly do better anytime soon? The overhang of housing supply due to ongoing strategic mortgage defaults is increasing. These strategic mortgage defaults are much more a factor in the prime-Jumbo market segment than the conforming or sub-prime mortgage market. (more…)
Tags: housing, Housing Crisis, housing market, Housing recovery years away, Lew Ranieri on housing recovery, Lewis Ranieri, Mortgage Bankers Association, mortgage credit, mortgage defaults, strategic mortgage defaults, supply of housing, why won't housing recover
Posted in General, Housing Crisis, Mortgage Crisis, Mortgages | No Comments »
Posted by Larry Doyle on April 14th, 2010 10:10 AM |
Charity is one thing. Throwing good money after bad is an entirely different can of worms.
Is the Obama administration’s housing policy trying to be charitable in support of those who have truly fallen on hard times and need government assistance, or is it more redistributing wealth to those who made unwise financial decisions from the outset? Do Obama and team know the difference? (more…)
Tags: 12th Street Capital, Barney Frank, cash out refis, consumer credit problems, Elizabeth Warren, Foreclosure-Prevention ProgramStruggles to Make Impact, HAMP, jeb Hensarling, loan modifications, Mortgage Crisis, mortgage foreclosures, Obama Administration, Obama housing policy, redistributing the wealth, Sense on Cents, sub-prime mortgage lending, wealth redistribution by Obama, you are a sucker
Posted in General, Housing Crisis, Mortgage Crisis, Mortgages | 4 Comments »
Posted by Larry Doyle on March 26th, 2010 10:36 AM |
Thank you to our friends at 12th Street Capital for sharing a sneak peek of Uncle Sam’s release of his new “Socialized Housing Manifesto.” (Click on the image to access pdf document.)
What is the one word that Uncle Sam is clearly trying to emphasize throughout the 4-page release? Responsible. Who the hell is Uncle Sam to define who and what is responsible or not? (more…)
Tags: condoning mortgage fraud, Housing manifesto, Housing plan march 26 2010, HUD Housing Plan March 26 2010, mortgage plan March 26 2010, mortgage principal reduced, mortgage reductions, Obama's Housing manifesto, Obama's redistribution plan, redistribution, socialized housing, socialized housing finance, Socialized Housing Manifesto
Posted in General, Housing Crisis, Moral Hazard, Mortgage Cram-Down, Mortgage Crisis | 8 Comments »