Interesting Housing News Links (March 21, 2009)

* Fear Itself (Columbia Daily Spectator)

Ive noticed a sort of complacency about the 21st century. Were in the midst of one of the worst economic disasters in recent history, yet the world around us looks pretty much the same. Financial despair isnt really visible, and when we walk out onto Broadway, things look more or less the way they did a year ago. To many students, the events happening on Wall Street are still, on a superfici…

* Outrage goes over the top (Daily Progress)

This pop-culture phenomenon seems to be more than an over-night fad. It now appears to be intense and relentless enough to have gained a name: octuplet outrage.

* Sickening mess (Tulsa World)

Our current financial mess is sickening. The crooks who are the most to blame for the problem are the ones who benefit most from the “solution.” What ever happened to personal responsibility? They have no shame.

* Civil servant tried to kill wife to stop divorce losses (Sarah Knapton, Telegraph)

Martin Hewlett, 45, left Anne Dreisler for dead after knocking her from her bicycle near their home in Worthing, West Sussex on Feburary 29 last year.

* Britain at risk of serious social unrest report warns (Murray Wardrop, Telegraph)

Bouts of social upheaval are set to disrupt economies and topple governments around the globe over the next two years, the Economist Intelligence Unit warned.

* Mortgage Mess Questions (Chicago Sun-Times)

I understand most of the blame for the current state of the real estate market is the result of banks approving buyers that had no business purchasing a home or did not fully understand the terms of the type of loan they were getting into. However, why does no one talk about the appraisers? They are the ones who inflated housing prices so buyer’s could take out home equity loans or not need as …

* L.A., Riverside-San Bernadino post jobless rates above 10% (Washington Business Journal)

Los Angeles and Riverside-San Bernadino are among the 18 labor markets now have unemployment rates of 10 percent or more, according to a U.S. Bureau of Labor Statistics report issued Thursday.

* Corzine backs off plan to cut deductions (Gannett News Service)

TRENTON — Homeowners with household incomes of $150,000 or less will be able to retain their property tax deduction in 2010, under a revised budget proposal Gov. Jon S. Corzine announced Thursday.

* Promises of increased fraud investigation vanish as mortgage scams flourish (San Francisco Examiner)

As Ponzi after Ponzi is exposed to the cold light of the media, regulator after regulator “vows” to fight financial fraud.

* RAMSTACK: Sheriff vs. mortgage banker (Washington Times)

The nation’s dilemma over banks trying to collect debt and people trying to avoid losing their homes played out last week before the Senate Judiciary Committee.


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