Monthly Archives: August 2011

Housing Fix: End the Government’s Subsidy ‘Ponzi Scheme,’ Says NYU Professor

More bad news on the housing front today, as the housing market can’t seem to find a bottom. New-home sales fell in July by 0.7% to the lowest point since February, the Commerce Department said Tuesday. Sales for June were … Continue reading

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Bank Of America’s Stock Collapse Brings Back Nightmares Of 2008

NYU finance professor Viral Acharya, the author of Guaranteed to Fail, says that Bank of  America is the most vulnerable of the major banks, as well as the most “systemically risky.”  He thinks it’s possible that, under some economic scenarios, … Continue reading

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The Downsides Of Mortgage Tax Breaks

Every year, homeowners deduct the interest paid on their mortgage from federal taxes,  saving a combined total of more than $100 billion a year. Viral Acharya argues it’s time to wean homeowners off of those subsidies because they favor the … Continue reading

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Should The Government Subsidize Your House?

Excerpt from NPR: Say you own a house in Gainesville, Fla., or St. Paul, Minn. It cost you $172,000 — that’s  the median sales price of a single family home in the United States. You put 20 percent  down when … Continue reading

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White Picket Fence? Not So Fast

Excerpt from The New York Times: The United States spends more than $100 billion annually to subsidize homeowners. Renters get no breaks; homeowners get tons of them. Their mortgage rates are subsidized through the government-sponsored enterprises Fannie Mae and Freddie … Continue reading

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