Posts in category "Economic issues"

What Will The Next Housing Crisis Look Like?

What Will The Next Housing Crisis Look Like?
On Monday I published a guest post on how mortgage lending standards have come full circle since the original housing crisis. In an effort to promote the American dream of home ownership regulators have once again eased up on the requirements for getting a mortgage. Meanwhile, it looks like Fannie Mae and Freddie Mac as... Read more »

Chicago Area Employment Picture Bodes Well For Housing Market

Chicago Area Employment Picture Bodes Well For Housing Market
Although I rarely write about the Chicago area employment picture I do maintain that data as part of my Chicago real estate market statistics page. As I was updating it recently I realized that it’s worth taking a step back and reviewing where we’ve been and how it is really helping the Chicago area real... Read more »

San Francisco's Google Bus Protests And The Affordable Housing Mythology

San Francisco's Google Bus Protests And The Affordable Housing Mythology
Earlier this week I posted on the growing tensions in the bay area caused by the rapid increase in housing costs that is displacing renters employed outside the tech industry. Some of the residents of San Francisco and Oakland who are concerned about the ever shrinking supply of affordable housing have been staging protests against... Read more »
Advertisement:

San Francisco Housing Affordability And The Google Bus Protests

San Francisco Housing Affordability And The Google Bus Protests
It’s a well known fact that people are never happy. Housing prices go down and everyone bitches about the loss of wealth. Housing prices go up and people complain about housing affordability – or the lack thereof. Such is the case in San Francisco and Oakland these days, which seem on the verge of all... Read more »

Illinois Makes Forbes' List Of Death Spiral States

Illinois Makes Forbes' List Of Death Spiral States
Yeah Illinois! We made Forbes’ list of death spiral statesĀ  – states to avoid when buying a home or investing in municipal bonds. States ended up on this list by excelling in two areas: 1) having a high ratio of inhabitants dependent upon the state relative to the number of people productively employed and 2)... Read more »

Hurricane Sandy Will NOT Be Good For The Economy

Hurricane Sandy Will NOT Be Good For The Economy
I decided to write this post just in case the premise of its title is not obvious to everyone. Apparently it’s not since I was watching a bit of CNBC earlier this morning and caught Jim Cramer explaining how Hurricane Sandy will boost GDP. Technically he’s correct and it will create jobs and it will... Read more »
Advertisement:

How Politics And The Government Caused The Financial Crisis

How Politics And The Government Caused The Financial Crisis
As you know it’s very fashionable to lay the blame for the financial crisis on greedy Wall Streeters (especially if you are a politician or work in Hollywood or spend your days occupying something) but as I’ve pointed out in the past the government is largely to blame for the mortgage crisis. It just never... Read more »

Further Evidence That The Housing Market Is Turning The Corner

Further Evidence That The Housing Market Is Turning The Corner
Back in February Warren Buffet commented that he would buy up a couple of hundred thousand single family homes if it was practical because he thought they were such an attractive investment. I point this out not because I believe you should believe everything that comes out of Warren Buffet’s mouth but because it makes... Read more »

The Missing Solution For Underwater Mortgages

The Missing Solution For Underwater Mortgages
The government and the mortgage industry have spent a lot of energy trying to figure out how to help homeowners with their underwater mortgages. There are initiatives underway to help homeowners refinance their mortgages or to write down the principal balances for homeowners that would like to stay in their homes at a lower cost.... Read more »
Advertisement:

Low Mortgage Rates: It's Not Just About The Monthly Payment

Low Mortgage Rates: It's Not Just About The Monthly Payment
I just locked in a 7 year ARM the other day at 2.875%. No doubt that is one of the lowest mortgage rates in decades and it is one of the primary drivers of my buying a house at this time after renting for about 12 years. In the economic analysis the low interest rate... Read more »
  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Getting Real On Facebook

  • Subscribe To Getting Real

    Subscribe to RSS Feed RSS Feed

    Enter your email address:

    Delivered by FeedBurner

    Google
  • Meet The Blogger

    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

  • Recent posts

  • Tags

  • Monthly Archives

  • Latest on ChicagoNow

  • Advertisement: