Kai Ryssdal: Forty-six years ago Schwartz, and a guy named Milton Friedman, who’d later go on to win the Nobel Prize for economics, wrote a…
For anyone who owns a home, the past six years have seemed anything but normal. Nationally, home prices are down some 35 percent in that…
The latest American Association of Individual Investors (AAII) sentiment survey numbers were released yesterday, and amazingly, were virtually unchanged from the week prior. For the second week in a row, bearish investors remain at 17%,…
Following the bubble, the housing market’s pain has been deep and persistent.
This isn’t merely a cyclical downturn. Even six years after the market peaked, the healing process has not yet begun. The industry isn’t in recession: it’s in a depressi…
The World’s Number One Real Estate Agent Just Filed For Bankruptcy
John McMonigle claims to be the world’s number one real estate agent with $2.5 billion in residential sales over the past six years. This 46-year-old realtor may well have been a “big …
There was an eyebrow-raising piece in the WSJ on Friday, U.S. Families Slice Debt to Lowest in Six Years.
The opening sentence contains a rather laughable leap:
U.S. families—by defaulting on their loans and scrimping on expenses—shouldered a…
Link
Excerpts:
• Mortgage Debt. Nearly two in three people age 55 to 64 had a mortgage in 2007, with a median debt of $85,000.
• Social Security. Nearly 3 out of 4 people file to claim Social Security benefits as soon as they’re eligible at age …
