Mar 24 2010
The Bulk of Californians Bought or Refinanced During the Peak – 4.6 Million Moved into a New Housing Unit from 2005 to 2008. 1.7 Million Additional Homes priced under $249,000.
I think looking deep into the housing data of California helps illuminate the story of the housing bubble, but also the drawn out aftermath. Of the 12 million occupied units in California, over 4.6 million people entered their new housing unit between 2005 and 2008. This occurred during the peak time. So to really get [...]
Dec 16 2009
Housing’s Treacherous Path: From 44 Percent Homeownership to 70 Percent. The Levittown Dream and Nothing Down Madness. How a Nation lost its way with Homeownership.
It is a fascinating case study in the perceived power of homeownership that even after our economy was brought to its economic knees by a massive housing bubble that the government, Wall Street, home buyers, and sellers somehow view homeownership as our ticket to getting out of the financial mess. That is, the housing poison [...]