Here is a dead simple solution for foreclosed houses: offer these at cut rate auctions to affordable housing developers like CASCAP in Cambridge, MA. These agencies can use the properties, otherwise fated to decay, for affordable housing for the poor and homeless. Why we won’t embrace this solution: Few businesses understand the sunk cost fallacy.…
Give people about a month after their subprime mortgage payment balloons to obscene proportions and it’s not hard to guess that in some cases, that will lead to divorce and broken homes. The next big wave of resets begins in March 2008, based on the CSFB data in the chart above. Buckle your seatbelts and…
[youtube]https://www.youtube.com/watch?v=ETQj3a221EQ[/youtube] The market crashes, turns to ashes that you’re dancing on while some fat lady cues up for a song. You just don’t panic, so they said in all the good books that I have read. You just lay back and feed your head, but that ain’t clever, that never got nothing to sell, hell,…
Take a look at these Google search trends for the word recession. And for just 2007: You don’t Google it if it’s not on your mind.
