From the category archives:


The Giant Pool of Money

May 13, 2008

One of the highlights of my week is seeing a new episode of “This American Life” pop into my podcasts folder in iTunes. For those of you not familiar with the show, it is a one hour radio program produced by Chicago Public Radio and hosted by Ira Glass. This weeks show “The Giant Pool […]

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SubPrime Mortgages Explained

April 19, 2008

I have read a lot about the subprime mortgage crisis, and found most of the explanations a little hard to get my head around. A friend e-mailed me a link to a presentation (hosted on Google Apps), that I feel, does the best job of explaining the whole subprime mess. Warning: The presentation does contain […]

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New Home Sales Down 26% in 2007

January 29, 2008

The New York Times is reporting that sales of new homes fell by 26% last year.  This is the biggest drop since the US government began keeping records in 1963. Prices are also declining.  The December median new home price declined 10.9% from a year ago, to $219,200.  For the full year, new homes did […]

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Home Prices Still Have Room to Fall

January 5, 2008

A study featured in the January 3, 2008 edition of The Wall Street Journal indicates that national housing prices would need to fall by 15% over the next five years, while rents would need to increase by 4% per year in order for the historical relationship between the two to return to a normal level. […]

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