Excerpts from Reuters: The November 6 U.S. presidential election between President Barack Obama and presumptive Republican challenger Mitt Romney may be decided by a small number of "swing" states - those that could go to either man - where the health of the housing...
Local Government
Carlsbad Pier?
From the nctimes.com: A proposal to put a pier near the mouth of Agua Hedionda Lagoon in Carlsbad may become the latest battleground in the city's multiyear effort to update a planning document that will guide future growth in the seaside town. Kathy Wagner, a...
Repeal Prop 13?
From the latimes.com: Christopher Thornberg, the founder of Los Angeles-based Beacon Economics said his research has convinced him that Prop 13 has caused more problems than it has solved. “Nothing is more hypocritical than Prop 13,” Thornberg said in a phone...
Insiders Inquire Here
More from HW: The FHFA set off a firestorm of discussion in 2011 when it announced an REO-bulk sales initiative that aims to repair the hardest-hit housing markets by selling off bulk assets to investors who have the ability to turn those properties into rentals. The...
Issa and Countrywide’s VIP
These congressmen sure get antsy about being investigated by one of their own. From HW: An investigation by Rep. Darrell Issa, R-Calif., into the Countrywide VIP loan program that allegedly gave connected policymakers in Washington sweetened mortgages has become...
Low Point for Rates?
Hat tip to JD for this this along, from the wsj.com: Ben Bernanke lives in a three-bedroom, 2,100-square-foot, attached town house near the Capitol. It has an appraised value of roughly $850,000, not far from the $839,000 he paid for it in 2004. A public record search...
Libs Demand Principal Reductions
Hat tip to Susie for sending this along from the latimes.com: California Atty. Gen. Kamala Harris is attracting increasing pressure from powerful Golden State players to reject a major settlement with U.S. banks accused of wrongful foreclosures. Lt. Gov. Gavin Newsom...
Is U.S.A. Next?
Hat tip to Daniel for sending this along, from Spiegelonline: The people who could ultimately give Greece the coup de grace are not the kind to throw stones or Molotov cocktails, and they have yet to torch any cars. Instead, they are people like 60-year-old beverage...
Carlsbad Approves Desal Deal
From the U-T: A water agreement between Carlsbad and San Diego County will mean clean drinking water for residents but could ultimately defer some of the city’s redevelopment dreams. City Council members Tuesday approved a contract with the San Diego County Water...
San Diego Housing Commission
Will Carless continues his investigative report on how the City of San Diego is blowing millions: In late 2008, as foreclosures flooded the local housing market and the nation's economy hovered on the brink of meltdown, the San Diego City Council scrambled for ideas...