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Tag Archives: boom and bust
Who’s To Blame For The Housing Crash?
Dennis Prager recommends these three books: Architects of Ruin: How big government liberals wrecked the global economy—and how they will do it again if no one stops them by Peter Schweizer, Paul Sperry’s The Great American Bank Robbery: The Unauthorized … Continue reading
Posted in Economics
Tagged boom and bust, bush administrations, community reinvestment act, Dennis Prager, department of housing and urban development, fannie mae and freddie mac, federal housing administration, government liberals, peter j wallison, tom sowell
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Reasons For The Texan Economic Boom
How is the real estate market different in Texas than in California? Well, much of California’s land, particularly by the coast, is off-limits to development. With less land available to develop, land prices in California have skyrocketed over the past … Continue reading
Posted in California, Dennis Prager, Economics, Real Estate, Texas
Tagged boom and bust, bureau of economic analysis, Dennis Prager, dramatic realignment, industrial powerhouse, Thomas Sowell
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The Housing Boom and Bust: Revised Edition by Thomas Sowell
Get the book here. People charged higher interest rates than average also have higher rates of payments, defaults and foreclosures. The market has accurately assessed the risks. (Pg. 6) From Pg. 16-17: While housing payments often made up more than … Continue reading
Posted in Economics, Real Estate, Thomas Sowell
Tagged boom and bust, conventional mortgages, lower mortgage, mortgage loan applicants, mortgage loan requirements, subprime mortgages
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The Housing Boom And Bust
I’ve been blogging about mortgage refinance for a couple of years, strongly influenced by my free market economics background at UCLA and by this 2009 book by Stanford economist Thomas Sowell: Did You Hear About The 89-Square Foot House? Home … Continue reading
Posted in Real Estate
Tagged boom and bust, economist thomas sowell, foreclosure auction, free market economics, henry cisneros, Thomas Sowell
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Do Banks Discriminate Against White People?
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. The current … Continue reading
Posted in Economics
Tagged boom and bust, conventional home loans, economist thomas sowell, mortgage loan approval, Thomas Sowell, tom sowell
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Why The Housing Boom Went Bust
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. He writes that "the idea that lenders would be offended by receiving monthly mortgage payment checks in the mail from blacks should at least give … Continue reading
Posted in Economics, Thomas Sowell
Tagged boom and bust, checks in the mail, community reinvestment act, community reinvestment act of 1977, economist thomas sowell, Thomas Sowell
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Why Does Real Estate Cost So Much In Coastal California?
I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. From 2000 to 2005, the average home price in the United States increased by one-third. Millions of Americans began using their homes as ATMs, getting … Continue reading
Posted in Economics
Tagged boom and bust, economist thomas sowell, fannie mae, fannie mae and freddie mac, financial qualifications, Thomas Sowell
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