Tag Archives

Archive of posts published in the tag: mortgage market

Frozen Contract Terms

In an effort to make housing more affordable federal regulators have done the opposite, but this cost is hidden by the lack of innovation which has locked the market for housing. To paraphrase Glenn Reynolds, by subsidizing the markers of success they have raised the cost in ways even they do not understand.  If you cannot afford a house one would be better served to rent than to add debt you cannot handle.  Somebody pays.

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Confusing Cause and Effect

from Barron’s, The Road to Ruin by Thomas Donlan excerpts: The U.S. learned nothing from the financial crisis. The biggest problem perceived today in the Obama administration is that the rate of home ownership is at the lowest level since

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