The Next Gigantic Housing Bubble That Everyone Expects To Burst
• http://www.businessinsider.com, Mamta BadkarCanada avoided many of the mistakes that the U.S. made in its housing market.
Contents Pages by Subject
Housing
32 Percent Of Americans Would Have No Problem Walking Away From Underwater Homes
• http://www.businessinsider.com, Mandi WoodruffAll underwater homeowners eventually come to a crossroads: Either continue funneling money into a home that costs more than it's worth or strategically default –– ending their payments and waiting for the lender to foreclose.
Catherine Austin Fitts: Attention If You Are In The Real Estate Market
• http://www.dailypaul.com, by reedr3vI used to have a deputy who said that the FHA mortgage insurance funds were where mortgages went to die.
Babyboomers and Strategic Defaults: A Demographic Study
• www.thedailybell.com,by Mike "Mish" ShedWhy did people walk away? Did they struggle with morality? Would they recommend walking away to others?
Owners Lose Possessions After Home Near Twentynine Palms Is Mistakenly Foreclosed
• CBS NewsThe owners of a modest home near Twentynine Palms lost their cherished possessions after a bank mistakenly foreclosed their residence. The couple, however, didn’t have a mortgage on the home.
Build a Dome
• http://www.domehome.comThe structural framework of a Timberline Dome consists of 2" x 6" wooden struts and our unique heavy duty SteelStar Connector system. The color-coded struts are bolted to color-coded connectors using two wrenches.
U.S. Attorneys and the Contrived Prosecution of Victoria Sprouse
• The AgitatorFederal prosecutor Matt Martens was able to rig both the prosecution and the defense by seizing Sprouse’s assets and forcing her to drop her attorney and depend upon public defenders that had no intention of mounting a defense.
CHART OF THE DAY: The 'Housing Recovery' In One Unequivocal Chart
• businessinsider.com, Joe Weisenthal and Eric PlattThis needs virtually no explanation. It's a chart of the frequency of the phrase "Housing Recovery" in news articles over the past 5 years.
Poor Carpenter Builds An Incredible Treehouse In The Wilds Of Canada
• http://www.businessinsider.com, Jill KrasnyJoel Allen was just 26 when he quit his job as a software developer to pursue his lifelong dream of inventing a get-rich-quick scheme.
Bankrupt California County Weighs Drastic Plan to Aid Banksters
• New York TimesDesperate for a way out of a housing collapse that has crippled the region, officials in San Bernardino County, are exploring a drastic option — using eminent domain to buy up mortgages for homes that are underwater.
Iceland forgives mortgage debt of its population
• http://www.youtube.com, by telesurenglishThe government of Iceland has forgiven the mortgage debt for much of its population.
Some Lose Homes Over as Little as $400
• APOutdated state laws allow big banks and other investors to reap windfall profits by buying the houses for a pittance and reselling them, the National Consumer Law Center said in a report being released Tuesday. Local governments can seize and sell
California lawmakers approve foreclosure-protection law
• ReutersThe legislation would bar banks from moving ahead with foreclosures while still negotiating with homeowners over loan modifications. It would also allow lawsuits against banks for so-called "robo-signing,"
5 Compelling Reasons To Flee The Market And Rent Instead
• http://www.businessinsider.com, Emily CoRent is higher than ever and rising in many cities. In fact, recent data released by Trulia revealed that rents in May have increased by six percent year over year.
Foreclosures up for first time in 27 months
• ReutersForeclosure starts rose year-over-year in May for the first time in more than two years as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, data firm RealtyTrac said on Thursday.
Even After The Housing Crisis, You're Still Better Off Renting
• http://www.businessinsider.com, Jack OtterAfter an epic bust in the housing market, buying real estate might seem like a moronic financial move.
Deploying Urban Space
• http://www.inthesetimes.org, BY Maggie GarbIn Rebel Cities, David Harvey says places like Tahrir Square and Zuccotti Park are key tools for revolution.
Police ‘violently’ arrest 14 protesters at Minnesota foreclosed home
• RawstoryMembers of Occupy Minnesota are accusing police of abusing their power by using physical violence to arrest demonstrators peacefully protesting at a foreclosed home in Minneapolis. “In the latest incident in an ongoing showdown, officers violently
The Housing Bust Was Just A Preview For The Coming Catastrophe
• http://www.businessinsider.com, Peter SchiffI first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market “experts” laughed at when I warned of trouble brewing in the seemingly indestructible American economy.
The Firm Who's Suing The Bankers Is No Better Than Them
• godlikeproductions.comIn summary - you win? YOU LOSE - because the firm will impose in essence a lis pendens on your home (for 30-40 yrs) until you pay them the award settlement fee 30%. Even if you do get your house for 'free' as a settlement - (non monetary) you have
Florida foreclosure case could slam banks
• ReutersThe Florida Supreme Court is set to hear oral arguments in a lawsuit that could undo hundreds of thousands of foreclosures and open up banks to severe financial liabilities in the state where they face the bulk of their foreclosure-fraud litigation.
Landmark Lawsuit by US Home Owners Implicates Obama
• http://wakeup-world.com, By Madison RuppertA new lawsuit, which is bordering on the unbelievable, implicates the Obama administration and some of the world’s largest banks in the largest international money laundering case in history.
Falling home prices drag new buyers under water
• ReutersMore than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a tiny down payment are partly to blame. That figur
For Some, 'Frustration' Over Mortgage Settlement
• http://www.npr.org, by Yuki NoguchiEarlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general.
The Great American Foreclosure Song
• http://www.commondreams.org,A handy new music video explains, in lay person's terms, the foreclosure crisis and loan modification fiasco.
Something 'Crazy' Is Happening In The Southern California Housing Market
• http://www.businessinsider.com, Joe WeisenthalIn the areas around San Diego, the all-in cost of renting a house is more expensive than buying a house.
This Reporter Waded Into The Wreckage Of The Foreclosure Crisis And Found Out It Was Far From Over
• http://www.businessinsider.com, APWhen Frank Verna pulls up to a battered, four-unit apartment building at lunch hour, he's just over a mile as the seagull flies from the gated oceanfront palaces of South Florida's wealthiest.
Home prices fall to 2002 levels
• www.dailypaul.comThe housing market started the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002.
ROBERT SHILLER: Suburban Home Prices Will Not Rebound In Our Lifetime
• www.businessinsider.comMany young people are choosing to live at home for a longer period of time instead of buying. Moreover, would-be homebuyers are settling into modern apartments and condominiums, further hindering a housing rally.
Bank Whistle-Blower Wins $18 Million Payday in Foreclosure Deal
• Washington PostAttorney Lynn Szymoniak had spent a career investigating insurance fraud when a bank moved to foreclose on her Florida home in 2008. Almost four years later, the fraud she said she uncovered by combing through mortgage documents earned her $18 millio
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