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Tag Archives: Consumer Debt
The lost generation – College graduates go into massive debt and enter a low wage job market
The student loan problem connects very closely to the future success or issues housing will face in the next decade. A large part of the housing machine is based on stable and predictable home price appreciation over long periods of time. Continue reading
Posted in Fresh Perspectives, Home Economics
Tagged bubble, College Tuition, Consumer Debt, Student Loan Debt, Unemployment, Wages
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How Student Debt Delays The Housing Recovery
Banks sitting on foreclosures thinking that a housing recovery is around the corner, have another thing coming. These structural problems, including boomers headed into retirement wanting to downsize their homes (with no one to sell to), puts additional pressure on home prices.
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How Lower Home Prices Will Boost Economic Confidence
The shadow inventory looms large over all of us. Home prices have already started to slide back down. If and when foreclosures begin to flood the market again, we would be in for a violent few years…but we would come out stronger on the other side. Continue reading
Posted in Best Of The Storm, Everything About Foreclosures, Home Economics, Social Mood Swings
Tagged Consumer Debt, Consumer Spending, Extend and Pretend, Foreclosures, GDP, Home Prices, Interest Rates, Ponzi Scheme, Shadow Inventory, Stimulus
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Nothing Has Changed
Nothing of any importance has changed. The engine of Empire is lugging a bit as the load increases, but the Empire’s army of high-caste technocrats are hard at work, securing their perquisites and fat paychecks by keeping the sprawling global machine running. Continue reading
Interview with Patrick
If it’s more expensive to own that particular house, I’d say wait, because those prices are likely to fall more. But there are already some houses which are cheaper to own, so then I’d say it’s pretty safe to buy if the buyer can afford the mortgage. Further price declines are unlikely for those houses, because someone else can buy it and rent it out at a profit. Continue reading