Tag Archives: The American Dream

If Renting is Good Enough for Time’s Man of The Year…

Posted on December 21, 2010 by Jon Maddux

For better or worse, things have changed, and our perception of what success is should be changing with the times. If the worlds youngest billionaire, and now “Man of the Year” can build an empire and change the world from a rented house, you shouldn’t feel bad because you decide that home ownership isn’t the right thing for you. Continue reading →

Posted in Fresh Perspectives, Home Economics, Social Mood Swings | Tagged Facebook, Renting, The American Dream | Leave a comment

Housing’s Perfect Storm

Posted on October 23, 2010 by irvinerenter

Owner occupants should never consider home price appreciation in their purchase decision. For one, most people dramatically overestimate how much house prices will go up. When people start factoring in appreciation, they are usually just playing games with numbers to find some rationalization for an emotional decision they already made. Continue reading →

Posted in Best Of The Storm, Foreclosures, Fresh Perspectives, Home Economics | Tagged Foreclosure Affidavits, Foreclosure-Gate, Foreclosures, Home Price Appreciation, Home Prices, Shadow Inventory, Squatting, The American Dream | Leave a comment

The Bright Side of Homeownership

Posted on August 31, 2010 by irvinerenter

The truth is that home prices cannot rise faster than inflation unless we are inflating a bubble. The only thing surprising is that reasonable people who understand this are being heard right now. Usually, the bullshit from the NAr and the general level of kool aid intoxication in the media makes more noise. Continue reading →

Posted in Best Of The Storm, Fresh Perspectives, Home Economics, Social Mood Swings, What You Need To Know About Buying and Selling Real Estate | Tagged Home Prices, Homeownership, The American Dream | 1 Comment

Government Subsidies Diminish Home Ownership

Posted on July 26, 2010 by irvinerenter

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

We Can’t Afford To Subsidize Housing

Posted on July 22, 2010 by Jon Maddux

From 1994 to 2005, the homeownership rate reached record highs, thanks largely to innovations in the mortgage-finance market that reduced down payments and minimized equity. This shifted the basic wealth-building proposition of homeownership away from savings to an almost exclusive focus on capital gains. Continue reading →

Posted in Best Of The Storm, Fresh Perspectives, Home Economics | Tagged Alt-A Loans, Home Prices, Homeownership Rates, Subprime Loans, The American Dream | 1 Comment