Posted by Leonard Steinberg on May 9th, 2014 The New York Times has an opinion editorial by Peter Dreier about the housing recovery. While housing has recovered extremely well in large Urban centers and some other parts, reports about rising home prices suggest that the tens of millions of people whose homes lost value just have… [Read More]
IS HOME OWNERSHIP FADING IN FAVOR OF RENTING?
Posted by Leonard Steinberg on April 24th, 2012 The press is reporting that the U.S. homeownership rate may fall two percentage points to 64 percent, below historic norms, amid about six million additional foreclosures and tight lending standards, according to Pacific Investment Management Co.’s Scott Simon. This translates to about 4 million homeowners turning into renters…. [Read More]
MARTHA STEWART SMILING: CONGRESS VOTES AGAINST INSIDER TRADING AMONGST ITS OWN.
Posted by Leonard Steinberg on February 3rd, 2012 Miracles do happen: the Senate voted Thursday to strengthen insider-trading bans for its members (the kind of law that applies to non-elected citizens of our land), and in the process agreed to ban bonuses for Fannie Mae and Freddie Mac executives. The Senate overwhelmingly passed on a… [Read More]
GINGRICH FOR PRESIDENT: REPENT FOR YOUR ROLE IN THE US HOUSING BUST!
Posted by Leonard Steinberg on November 19, 2011 Republican presidential candidate Newt Gingrich, certainly one of the most eloquent, informed and intelligent of all the Republican candidates, is now embroiled in a rather major embarrassment: After consistently and repeatedly blaming Freddie Mac and Fannie Mae for the Housing Bust that still wreaks havoc on our economy,… [Read More]
THE FUTURE OF FANNIE MAE AND FREDDIE MAC?
While politicians bury their heads in the sand and focus on pointing fingers for blame, building mosques and Bristol Palin, the single largest problem our economy is dealing with is still housing. Until we have a solid plan in place to clean up the housing mess and a solidly revised plan for the future of financing housing, the… [Read More]