Category Archives: Social Mood Swings

As the economic party ends and the hangover begins, people are changing their spending and living habits. Generations are moving in together. A granite-countered McMansion is out of style…so is that new fancy car. As a society, we are getting our priorities back in line. At the same time, we are realizing that, while drunk on home equity, we got taken advantage of. Ponzi-schemers and corrupt politicians took our money. The time has come to demand it back.

Most Americans See Housing Recovery Beginning 2014 or Later

A Trulia/RealtyTrac survey shows a significant change in public expectations about when a Housing Recovery will happen. 54% of respondents now expect a housing recovery to happen in 2014 or later, up from 34% just six months ago. Continue reading

Posted in Home Economics, Newsletter, Real Estate Data, Social Mood Swings | Tagged Home Prices, Housing Recovery, Shadow Inventory | Leave a comment

Stunning 360 Degree Images of Abandoned Property Sites in Detroit

Please take a look at this link of a 360 degree photo tour of several spots in or around Detroit, including the abandoned Michigan Central Train station.
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Posted in Commercial Real Estate, Fresh Perspectives, Home Economics, Social Mood Swings | Tagged Abandoned Property, Detroit, Michigan | Leave a comment

Too Big To Fail Debuts on HBO

HBO’s highly anticipated “Too Big Too Fail” was on last night and it was very good. The film thoroughly explains the financial crisis and shows the steps that Hank Paulson, Ben Bernanke, and Timothy Geithner took in 2008 to try and prevent our economy from collapsing. Continue reading

Posted in Home Economics, Social Mood Swings | Tagged Too Big to Fail | Leave a comment

Strategic default has become common and accepted in 2011

Fannie Mae noted in a recent press release that “Nearly Twice as Many Underwater Borrowers Think It Is Okay to Default Due to Financial Distress.” Has strategic default reached a tipping point in America? Continue reading

Posted in Social Mood Swings, Strategic Defaults | Tagged Strategic Defaults | Leave a comment

Principal reduction programs and unintended consequences

Are principal reductions on their way? Some form of it might be. Who will get the free money coming? Continue reading

Posted in Banking and Finance, Foreclosures and Short Sales, Fresh Perspectives, Social Mood Swings | Tagged negative equity, Principal Reduction | Leave a comment