"Many buyers and sellers are playing the waiting game, but there is some movement, especially in foreclosures.
THEY filed into the Eagle Rock open house alone and in groups. Others came in pairs, as if boarding Noah's ark. Some had been looking for two years, some longer.
" (2008-4-20)
April 19, 2008
The muted market
April 18, 2008
Classical Proportions, Modern Practicality: A Style That Makes Sense
"Ihave always associated classical architecture with gravitas -- the large imposing columns and pediments that grace the front of serious places, like courthouses and banks. It hasn't seemed a living tradition that can inform land-use planning and the architecture of everyday life.
" (2008-4-19)
April 17, 2008
Getting it right on the money
"A global crusade is under way to teach personal finance to the masses?EVERYBODY wants it. Nobody understands it. Money is the great taboo. People just won't talk about it. And that is what leads you to subprime. Take the greed and the financial misrepresentation out of it, and the root of this crisis is massive levels of financial illiteracy.?For years John Bryant has been telling anyone who will listen about the problems caused by widespread ignorance of finance. In 1992, in the aftermath of the Los Angeles riots, he founded Operation HOPE, a non-profit organisation, to give poor people in the worst-hit parts of the city ?a hand-up, not a handout? through a mixture of financial education, advice and basic banking. Among other things, Operation HOPE offers mortgage advice to homebuyers and runs ?Banking on Our Future?, a national personal-finance course of five hour-long sessions that has already been taken by hundreds of thousands of young people, most of them high-school students. ..." (2008-4-3)
April 16, 2008
Merrill, Citi Results Could Damp Bank Rally
"After JPMorgan gave financial stocks a boost, the two subprime-battered firms set to report what are expected to be gloomier results.
" (2008-4-16)
April 15, 2008
Rep. Frank threatens tough mortgage rules
"Rep. Frank says Democrats in Congress and President Bush will agree on a bill to help homeowners get into lower cost mortgages, but it won’t be through the bankruptcy courts." (2008-4-15)
Foreclosures continue to soar, worst is not over
"The onslaught of homes facing foreclosures has yet to ebb, a research report showed Tuesday, with bank repossessions skyrocketing last month." (2008-4-15)
April 14, 2008
Credit Card Issuers Tighten Standards
"As the subprime crisis deepens, lenders get more cautious about doling out credit to consumers.
" (2008-4-14)
Finger on the spot
"Deciding what to saveWHEN a house is on fire, most people find the initial decisions about what to save quite easy. Humans (and by tradition women and children) first, then pets (dogs before goldfish), then photos. But after that it gets a bit tricky. The antique armoire or the new computer? Expensive or sentimental items?Conservationists face a similar problem deciding where to set up protected areas. One might think it would make sense to create them where they could save the maximum number of species. After all, about 50% of plant species and 71% of vertebrate species are concentrated in ?hotspots? that cover only 2.3% of the Earth?s surface. ..." (2008-4-14)
Apartment rental costs are all over the map
"A curious thing happened during 2007 while the mortgage market was imploding: Median apartment rental prices in major cities shifted dramatically." (2008-4-14)
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