• Archives

  • Blog Stats

    • 667,738 hits
  • Categories

Almost 40 millions of Americans live in housing they cannot afford

http://www.cnbc.com/2017/07/13/harvard-study-heres-how-many-americans-cant-afford-housing.html Ester Bloom Thursday, 13 Jul 2017 | 9:22 AM ET Harvard study: Almost 40 million Americans can’t afford to pay for housing According to new research by Harvard University, almost 40 million Americans “live in housing they cannot afford.” Homeownership has gone down and rental prices keep going up, meaning that millions of residents […]

via A shocking number of Americans live in housing they can’t afford, according to Harvard study — Livinglies’s Weblog

Advertisements

Subprime mortgages are making a comeback

Apparently the biggest banks in the US didn’t learn their lesson the first time around… Because a few days ago, Wells Fargo, Bank of America, and many of the usual suspects made a stunning announcement that they would start making crappy subprime loans once again! I’m sure you remember how this all blew up back […]

via The Subprime Mortgage Is Back: It’s 2008 All Over Again! — Easy Money

This is very bad news for the economy as this will make the real estate bubble grow even larger and guarantees that the next real estate crash will be several orders of magnitude worse than the last one.

 

New rules for financial advisers

ONE OF THE most important investor protections in decades took effect on June 9. The new rule, issued by the Department of Labor, sets in motion a seemingly commonsense requirement that those who advise on retirement investments must put their clients’ interests ahead of their own. Yet it marks a revolution in retirement security, the result […]

via The Department of Labor new rule: Financial advisor trap — Justice League

I am not a huge fan of government regulation but it should be self-evident that anyone that advises individuals or companies on retirement investments should absolutely be required to put their client’s interests ahead of their own.

Spanish bank Banco Popular has collapsed

Editor’s Note: The collapse of Spanish megabank Banco Popular happened this month after government and regulators assured investors it had passed a stress test with the European Banking Authority. The failed bank was taken over by Santander, another megabank, but the shareholders lost everything as did the suppliers of contingent capital in the coco bonds. […]

via Too Big to Fail, Not too soon to Tell — Livinglies’s Weblog

This article is just more proof that you cannot trust any big bank, or any supposed government banking regulators. Nothing will change until they start jailing the top executives of the big banks after they have had to do the “perp walk” on live nationwide television.

Bank locally, buy small and go off-grid for real freedom

Editor’s Note: Small credit unions typically have creative lending solutions the big banks reject. Instead of becoming entrapped by a huge life-long mortgage and living at the mercy of large municipal utilities- why not look for a solution that can provide an entirely different type of freedom? By Abigail Curtis, BDN Staff Posted April 29, […]

via Sunday Solution: Bank Locally, Buy Small and go Off-Grid — Livinglies’s Weblog

%d bloggers like this: