Last night I said that homebuyers were more likely to be greedy than lenders. I haven’t changed my mind yet. Instead, I read a story that convinced me even more.
The New York Times describes a couple who bought “a modest home at the southern end of Silicon Valley”. Now they’re suing their broker and real [...]
After home sales started falling last year, I saw a lot of doom and gloom commentary from “experts” afraid that we would enter a 10-year housing slump. Thanksfully, home sales in Madison (and Dane County) are on the rise again. Home prices still haven’t completely rebounded, but I’m glad to see that they’re starting to [...]
It’s something Christine and I aren’t doing. However, it looks like Alan Greenspan’s legacy just might be helping millions of Americans to get comfortable with debt. The entire linked article is worth reading, but I’ll provide a few excerpts:
Today, borrowing against equity in real estate occurs at rates never seen before. Mortgage equity [...]