Calculated Risk – Fitch Projects additional 25 percent House Price Declines (real terms)
PIMCO, Phil Gross – MOOOOO
From the above articles, there looks to be an additional 33% decline in real prices over the next 5 years for San Francisco. This is good news for those saving to buy a house in 5 years but bad [...]
More real declines in house prices and what to do to avoid the worst
July 24th, 2008 · No Comments
Tags: Economics
The Big Sort – Willful segregation
July 11th, 2008 · No Comments
The Big Sort – book review
Author’s Web Site
I glanced over this book at Borders 2 nights ago and it seems to make a few good points about the willful segregation of Americans over time. The author views it as one of the reasons the US is so polarized and why the idea of compromise has [...]
Sweet Maps! -> Housing & Transportation Affordability Index
July 9th, 2008 · No Comments
Housing & Transportation Affordability Index
Maps + Statistics = Happy Me. You can get a great view of the % of income people spend on housing, gasoline, transportation, mass transit, etc…
What’s scary is that the majority of home owners in San Francisco spend over 45% of their income on housing + transportation costs alone. The numbers [...]
Tags: Economics