The Collected Works of Author and Blogger Larry Roberts

Archive for December, 2010

Is shadow inventory all in your head? Is it real? Are there really debt zombies roaming the shopping malls spending the money they should be putting toward their mortgage? Home ownership in California means you gorge on HELOCs when times are good, and squat in luxury when your creditors cut you off. Its a great system for Californians. They get to spend as they please and pass the bills off to the rest of America in taxpayer bailouts. I see no reason to believe it will not happen again soon. Welcome to Zombieland: Ladera Ranch, California By Pat Regnier, assistant managing editor -- December 7, 2010: 4:10 PM ET ORANGE COUNTY, Calif. (MONEY Magazine) -- Joshua and Irene Vecchione are…[READ MORE]

In its obsession with home ownership, the government has been ignoring the one group most needed to stabilize housing prices: cashflow investors. Several weeks ago, I asked the question Should Government Mortgage Subsidies Be Offered to Cashflow Investors? Most readers said no. Personally, I would like to see the government get entirely out of the housing market, but as long as they are determined to support prices, perhaps they should look for policies that will be more effective. As Shadow Inventory Grows, Time for More Subsidy? By: Diana Olick -- Monday, 22 Nov 2010 As of the end of August, there were 2.1 million properties either in the foreclosure process or headed for foreclosure, according to CoreLogic. It's come to…[READ MORE]

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