This has 'scam' written all over it, but here's the pre-foreclosure realtwhore selling herself and her home on eBay and Craigslist

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HousingPANIC - The Housing (Bubble) Crash Blog with an Attitude Problem | 07/02/08 5:34

Everyone gets their 15 minutes... Even realtor would-be-hookers.I hadn't wanted to post, because my my gut says 'scam alert', but have at it.. [ permalink ]

  Eli Broad: Economy in Worst Slump Since WWII

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The Big Picture | 07/02/08 2:30

More straight talk from an old hand in the building sector: "Billionaire investor Eli Broad said the U.S. economy is in the "worst period'' of his adult life as a housing market recovery remains "several years'' away. "This is worse than any recession we've had since World War II,'' Broad, 75, said in an interview yesterday....

  Book Review: Confessions of a Subprime Lender

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The Big Picture | 06/30/08 19:23

Interesting looking book flagged by the WSJ, called Confessions of a Subprime Lender. The story is told by Richard Bitner, who founded his own subprime mortgage company right as the industry was taking off. Over five years, the company boomed. Confessions of a Subprime Lender is his insider story -- disillusionment, fraud,...

  Why the Disconnect: Population vs Pros, part II

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The Big Picture | 06/30/08 13:49

As per our earlier discussion: We know health care costs have skyrocketed, that education costs are through the roof, and that Housing doubled over 7 years and has since fallen modestly from those levels (about 15-20%). Then there are the commodities: Let's look at a few data points, to see who is less in touch with reality:...

  Should Congress Let Home Prices Fall ?

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The Big Picture | 06/29/08 16:30

"Recent reports about falling home prices have rallied support for the plan." [Rep. Barney Frank, Democrat of Massachusetts] acknowledged that the plan may not do enough to help homeowners or the housing market. Mr. Frank, chairman of the House Financial Services Committee, said that even after a bill like this, “you may...

  Report: Manhattan real estate market loosening up

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Interest Rate Roundup | 06/27/08 10:37

The credit crisis is having serious impacts on many different markets. It now appears the crisis is softening up Manhattan's commercial property market. As a Bloomberg story chronicles today ... "Manhattan office rents fell 2.2 percent in the second, the first decline in the most expensive U.S. office market since 2005,...