A weekend topic starting with Strong Towns. "In 2008, the list of investors swimming naked was long. Among them were America’s banks, big and small. Their reserves were investments believed to be the most secure, including AA- and AAA-rated mortgage-backed…
A report from Yahoo Money. "About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third quarter, nearly 60%…
A report from the Vancouver Sun. "'Forget Canada. We’ll go somewhere else.' That’s what West Vancouver realtor Nicole Lee says many rich clients from Asia are telling her now that B.C. has brought in a foreign-buyers tax on housing, along…
A report from Bloomberg. "The subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of the same high-risk characteristics is starting to take off. It’s called…