Category Archives: housing

Why using eminent domain for liens is a bad idea

A couple of weeks ago, Matt Goldstein and Jenn Ablan had an intriguing story: Mortgage Resolution Partners, a politically well-connected firm in San Francisco, was shopping to municipalities the idea of using eminent domain to restructure mortgages.

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Miami Beach Datapoint of the Day

Josh Giersch finds a Zillow map of the SoFi district of Miami Beach – a five-by-five block are south of Fifth Street which has 317 properties for sale, including 21 in just one building. The problem is that with that … Continue reading

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Obama’s Housing Plan Unveiled

I have to say I like the look of Obama’s housing-bailout plan. It’s quite elegant, and makes full use of the fact that Fannie and Freddie are now owned by the US government — which means they can be forced … Continue reading

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A Housing Thought Experiment

I’ve been thinking a bit about the idea of housing as an asset class, and I wondered if it was possible to somehow separate the shelter aspect of housing from the financial-asset aspect in order to work out just how … Continue reading

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Is Foreclosure the Solution?

Ramsey Su has a novel fix for America’s housing woes: No fix at all! Instead, he says that a wave of foreclosures is the best option. For homeowners, says Su, going through foreclosure is a great way to solve both … Continue reading

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How to Fix America’s Housing

Ed Glaeser’s massive, 3,000-word TNR review of the new book by Robert Ellickson is a thought-provoking must-read for anybody interested in the dynamics of the housing boom and bust, and the policies which should be followed now. I’m not going … Continue reading

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Mortgage Payment Datapoint of the Day

What happens to home prices when mortgage rates fall sharply? The median home price was $175,400 in December, down 15.3% from $207,000 in December 2007. The median price in November this year was $180,300… The average 30-year mortgage rate was … Continue reading

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Rental Datapoint of the Day

If you want another reason why it’s often better to rent than to buy, even when mortgages are cheap, consider this: rents can go down. A lot. A buddy of mine that works for a private equity shop is renting … Continue reading

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Why Mortgage Payments Should be Lower than Rents

It’s clearly Ryan Avent morning here at Market Movers, since I also find myself with a minor case of siwoti upon reading this: We have folks trying to sell homes of necessity (and increasingly this will be due to job … Continue reading

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The 4.375% Fixed-Rate Mortgage

Remember all that speculation about the Fed trying to drive mortgage rates down to 4.5%? Well, they’re pretty close: here’s a screenshot from the Chase Home Mortgage website. According to Bloomberg, these rates "are for borrowers with excellent credit who … Continue reading

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