Earlier this week, Toxie, NPR's cutest toxic asset
died. One of the mortgages bundled into this asset was an investment property in Bradenton, Florida, which, like many Florida homes, has never been occupied or served as anything other than a financial instrument. Boston.com's Big Picture recently took
a look from above at the effects that this (and previous) housing bubbles have had on the development of Florida's cities and landscapes. How do you design a city that nobody plans to live in? (
Previously)
posted by schmod
on Oct 1, 2010 -
82 comments
There are still some
smart people left on Wall St. Hedge fund manager, John Paulson, made a cool $15B for his fund as the housing market imploded. His cut? $3-4B. Not too shabby for a year's worth of work.
[more inside]
posted by blahblah
on Sep 26, 2008 -
45 comments
The Specter of Recession in 2007. With the US housing bubble falling for the first time in over a decade, oil traders are dumping inventories (and driving down prices) in fear of a US-led global recession brought on by the end of the biggest housing bubble in history.
Previous.
posted by stbalbach
on Oct 4, 2006 -
40 comments
The Global Housing Price Bubble is bursting. Prices are already declining in Australia and Britain. The Economist has another
story that outlines how a global bursting of this bubble could be deleterious to the world's economy. The bubble is bigger than the stock market bubble of the late 90s. Will there be a smooth landing or will spending collapse when it cannot be funded on housing price gains?
posted by sien
on Jun 16, 2005 -
52 comments