Shared: Analyst sees ‘ghost town’ in Inland Empire
July 8th, 2008 at 08:00am Shared from Google Reader:Analyst sees 'ghost town' in Inland Empire
Analyst sees 'ghost town' in Inland Empire
Housing Bubble On 60 Minutes
February 4th, 2008 at 05:00pm This is some the best mainstream media Housing Bubble coverage I've seen and it spells things out pretty clearly. If you aren't sure what exactly is going on this is a pretty good 15 minute overview of the current situation. House of CardsThe Downey Housing Bubble
January 6th, 2008 at 11:16am Dr. Housing Bubble featured Downey this week in an edition of Real Homes of Genius that shows just how screwed up things are in housing right now. I couldn't buy a house even if I wanted to and it's not like I'm making minimum wage. As long as prices are out of touch with people's incomes prices will drop and drop. And on another note I don't think the fact that we just hit a 2 year unemployment rate high is completely unrelated."The greatest weakness in December employment came from sectors battered by the housing slump: construction payrolls lost 49,000 jobs, while manufacturing fell by 31,000 and financial services employment declined by 4,000."
