Tag Archives: Home Equity

Government Subsidies Diminish Home Ownership

We have managed to obtain the opposite of what we desire, and we are paying a huge amount of money to do so. We would be better off to do nothing. The money we spend as a society to encourage home ownership actually diminishes it. Continue reading

Posted in Best Of The Storm, Fresh Perspectives, Home Economics, Industry & Technology, Mortgage News | Tagged Alt-A Loans, Debt-to-Income, Fannie Mae, Freddie Mac, GSEs, Home Equity, homedebtors, Interest-Only Loans, NAR, Negative Amortization, Option-Arm Loans, Ponzi Scheme, Recast, Renting, Reset, Subprime Loans, The American Dream | 2 Comments

Desire for Mortgage Equity Withdrawal Inflated the Housing Bubble

The immediate access to home price appreciation through mortgage equity withdrawal motivated borrowers to take on crazy loans and inflate a massive Ponzi Scheme. Continue reading

Posted in Home Economics | Tagged HELOCs, Home Equity, MEW, negative equity, Ponzi Scheme | 1 Comment

The Coming Tax Nightmare Over Forgiven Mortgage Debt in California

Do you think homedebtors are ready for their California tax bill on forgiven debt? That HELOC will get them. Continue reading

Posted in Best Of The Storm, Home Economics | Tagged Foreclosures, HELOCs, Home Equity, Taxes | Leave a comment

Do We Owe Baby Boomers Their Imagined Home Equity for Retirement?

Will the baby boomers fund their retirement from succeeding generations home purchases? Should they? Continue reading

Posted in Best Of The Storm, Fresh Perspectives, Home Economics | Tagged Baby-Boomers, Home Equity, Home Prices, Retirement | 2 Comments

Losing the Red Queen’s Race

The Red Queen’s Race is an apt analogy for the meltdown in assets and debt now swamping the global economy. Continue reading

Posted in Best Of The Storm, Fresh Perspectives, Home Economics | Tagged HELOCs, Home Equity, Home Prices, National Debt | Leave a comment