Tag Archives: Great Depression

Interesting Housing News Links (May 06, 2009)

* In Bank Demolition Echoes of the Great Depression (Emily Friedlander, Wall Street Journal)

In an image that echoes scenes of the Great Depression, a Texas bank has just finished up demolishing 16 new and partially built houses it acquired in Southern California through foreclosure. The bank determined that wrecking the homes was more cost-effective than finishing and selling them.

* Report: Too many recyclables in city’s dump (Brian Nearing, Times Union)

Too much paper that ought to be recycled is winding up in the city’s Rapp Road dump, according to a consultant’s report.

* Paying flooding costs with no flood insurance (Brandi Hodges, KAIT)

With more rain on the way folks are wasting no time ripping out what the floods destroyed. For some, cleaning up could clean out their bank accounts. Some people who live along the flooded areas of Trumann have flood insurance but others do not. Insurance is available but it does come at a cost.

* Who really killed bankruptcy reform? (Emily.Flitter, American Banker)

The banking industry expressed grave fears over the mortgage cramdown legislation that failed in a Senate vote last week , but a post-mortem on the scene makes that anxiety seem a little overhyped. With so many different groups vying to kill the legislation, the vote last week was never a nail-biter.

* Police: New system will cut down on false alarms (Lee Mc Guire, KHOU)

Every day, Houston police respond to nearly 300 burglar and panic alarms. Each of those alarms takes two officers nearly an hour to deal with, and almost every one of those calls is false.

Continue reading

Interesting Housing News Links (April 07, 2009)

* President has to bet on economy with the cards he’s been dealt (Thomas L. Friedman, Columbus Dispatch)

* Pa. man admits to defrauding Toms River church members of $1M (Margaret F. Bonafide, Asbury Park Press)

* Foreclosed homes draw crowd, but more investors than homeowners (Clay Barbour, McDowell News)

* Insight: The perils of public ownership (John Plender, The Financial Times)

* To Rent or Buy in 2009? (Sara Sutachan, California Real Estate)

* US should heed IMF’s toxic warning (Hugo Dixon, The Daily Telegraph)

* Obama’s big, bold experiment (Thomas L. Friedman, Akron Beacon Journal)

* Taking plastic from trash to useful fash (Karrah Anderson, Bradenton Herald)

* Predatory lenders become a federal priority (Oklahoman Graphics, Daily Oklahoman)

* Treasury seeks more partners for bad asset program (Christopher S. Rugaber, The Pantagraph)

Interesting Housing News Links (March 23, 2009)

* First-degree murder trial set this week (Natalie Neysa Alund, Bradenton Herald)

BRADENTON In the early morning hours of June 1, 2007, three masked men dressed in black kicked in the door of a Bradenton home in the 1300 block of 17th Street Court East.

* February figures set to fuel fears over UK deflation (Times Online)

Fears that Britain will slide into the grip of economically destructive Japanese-style deflation will mount tomorrow as inflation gauged by the retail prices index (RPI) is set to turn negative for the first time in almost half a century.

* Housing collapse ignites a chain reaction (Periscope)

Brandon Robertson didn’t expect things to turn out this way when he started riding Atlanta’s housing boom 18 years ago.

* George Will: Immigration policy has been hijacked (Gatehouse Media, State Journal-Register)

PHOENIX Police Chief Jack Harris, a solid block of a man with a shock of thick gray hair, is stolid and patient but there are limits.

* As bankruptcy filings mount, attention turns again to reform (USA Today)

Cash-strapped families are seeking bankruptcy protection at nearly the same rate and in the same manner as they did before the much-debated 2005 bankruptcy law reform, a trend critics say proves the reform was a failure.

Continue reading

Baltimore Sun: The greatest danger of recession

Here’s what the print edition of Baltimore Sun has to say today on Great Depression.

The greatest dangers of recession and depression are not unemployment and foreclosure. The greatest dangers of recession are strife, killing and war. World War II was a direct result of the Great Depression. People with jobs and a future are less likely to want to kill other people. Compelling evidence comes from Northern Ireland, whose booming economy of the last decade has supported, finally,…

Read the whole article

Baltimore Sun: The greatest danger of recession

Here is today’s article from Baltimore Sun on Great Depression.

The greatest dangers of recession and depression are not unemployment and foreclosure. The greatest dangers of recession are strife, killing and war. World War II was a direct result of the Great Depression. People with jobs and a future are less likely to want to kill other people. Compelling evidence comes from Northern Ireland, whose booming economy of the last decade has supported, finally,…

Read the whole article