Posts Tagged ‘habitat’Keepin’ It Real Estate: A Real Fix for HousingBy ANDREW JEFFERY This post first appeared on Minyanville. While pundits and politicians debate the various aspects of President Obama’s $275 billion housing bailout, one piece of data proves just how misguided federal efforts to revitalize the housing market are: $275 billion could buy more than half of all American homes already in foreclosure. Such [...] So, You Want to Fix the Housing Market?This post first appeared on Minyanville. Yesterday, I criticized Washington’s $700 billion financial bailout plan for missing the point. It fails to address the root of the problems facing the housing market and, by extension, the rest of the economy: Negative equity or a homeowner owing more on his house than it’s worth. On The [...] |