17 posts tagged with GreatRecession. (View popular tags)
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I think that’s well-put, and that the similarity between the terms is no accident; hipsterism is an especially salient iteration of neoliberal subjectivity, one that gains currency by being slippery and inarticulable. These concepts become normalized by becoming boring and frustrating to talk about. The apparent vagueness in the terms seems to make them unalterable. The struggle to define them reflects the stakes of keeping them amorphous, capable of absorbing more and more behavior, making the way of thinking they describe feel inescapable, natural.[more inside]
The Kellers are caught up in a little-known horror of the U.S. housing bust: the zombie title. Six years in, thousands of homeowners are finding themselves legally liable for houses they didn't know they still owned after banks decided it wasn't worth their while to complete foreclosures on them. With impunity, banks have been walking away from foreclosures much the way some homeowners walked away from their mortgages when the housing market first crashed.[more inside]
Some neighborhoods in Oakland are as devastated as any of the worst hit regions across America — Atlanta, Las Vegas, Phoenix. Now the morphing of the housing bust and foreclosure epidemic into a lucrative multi-billion dollar opportunity for major investors is also uncannily centered upon Oakland and the greater Bay Area, where companies flush with hedge fund cash are buying up homes by the thousands. The entire sweep of the US housing bubble, financial crisis, and foreclosure wave can therefore be told by looking at persons and companies with intimate links to Oakland and the Bay Area. What follows is one account.