New Orleans Shaun Donovan at HUD is clearly having problems getting his arms around the fact that America is not New York, the evidence starting with the horrible failure of the mortgage modification program or rather the lack of a mortgage modification program. Now throwing more words at the housing crises this weekend in pronouncements [...]
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New Orleans Dueling columns in the Times smashed the drunken or doped spin of the Realtors Association trying to claim that the housing market was “back” and in the “Your Money” section made a soft and shrugging case for home ownership: New Orleans The New York Times ran the article on the front page announcing that the “era” is over when a family in the United States could reliably expect their personal residences to appreciate and create citizen wealth. Housing Fades as a Means to Build Wealth, Analysts Say was headline on the email version. This [...] New Orleans In some ways we all eventually come to grips with the fact that we are a “product of our raising,” as the expression down here goes and in the case of personal real estate and personal debts, I was my father’s son: conservative! When he retired after 38 years with an oil company, [...] |
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