The Market – Page 46

Inland Empire Construction Permits Down 96% from 2005

The Wall Street Journal is running a story saying that Inland Empire construction permits “have plunged 96% from 45,299 in 2005 to a projected 2,000 this year.” Hurry up and read it before Rupert puts up a pay wall.

GOOD.is | Jobless in the City (Raw Image)

GOOD.is | Jobless in the City (Raw Image). You never think about it, but with roughly 12 million people living in the area, Los Angeles’ 10% unemployment rate means there are 1.2 million people (roughly the city of Detroit) out of work and looking for jobs. That’s 2.4 million idle hands. It’s kind of crazy toContinue reading “GOOD.is | Jobless in the City (Raw Image)”

Curbed LA: Chief Bratton: My Mortgage Has Me Moving On

Curbed LA suspects a balloon payment on Chief Bratton’s home mortgage may have contributed to his the timing of his resignation.

THE GREAT AMERICAN BUBBLE MACHINE

Note: THE GREAT AMERICAN BUBBLE MACHINE was originally published in Rolling Stone. For whatever reason Jann “Yawn” Wenner hasn’t put a digital copy online. That may change. Fortunately there is a scanned copy in PDF form. Finally an OCR copy has been made and posted by – of all people – an SA goon namedContinue reading “THE GREAT AMERICAN BUBBLE MACHINE”

Ladies and Gentlemen: The Pay Option ARM

I often attempt to explain to friends and family, in simple and straightforward terms, the basic mechanism of the pay options adjustable rate mortgage. I often feel that I’ve done a poor job in this effort. Fortunately, I’ve found other who have done a much better job at this. Dr. Housing Bubble (www.doctorhousingbubble.com) is aContinue reading “Ladies and Gentlemen: The Pay Option ARM”