Posts tagged "Economic issues"

Near Record Area Employment Driving Chicago Real Estate Market

Near Record Area Employment Driving Chicago Real Estate Market
In theory the Chicago real estate market should be driven by the local employment picture more than anything else. It comes down to the demand for housing – how many people CAN buy a home and also WANT to buy a home. And, with the exception of the small retired and independently wealthy population, it’s... Read more »

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 »
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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 »

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 states  – 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 »
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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 »

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 »

Fiscal Responsibility: Is The US Any Better Than Italy?

Fiscal Responsibility: Is The US Any Better Than Italy?
I assume you’ve been following the trials and tribulations of Italy and Greece lately. If not I’ll give it to you you in a nutshell: their profligate spending has finally caught up with them and they are on the verge of defaulting on their debt, their borrowing costs have skyrocketed, and the situation is so... Read more »
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Proof That Capitalism Has Failed

I originally got the idea for this graph from an email sent to me by a friend. I later learned that the graph came from Erick Brockway’s blog. He had plotted the S&P 500 but I decided that GDP per capita was more meaningful and that data was available over a longer time period. During... Read more »