Photojournal of Spain's new squatters: families, young professionals, degree-holders, single mothers, the elderly. "I have grandchildren," she says. "When I die I would like to be able to say to myself that they will have jobs, homes and a happy life. The corralas are important. They set an example to people who are struggling. They show that we can help ourselves and each other. I don't know what the future will hold for any of us, but one way or another I believe that this will be a successful fight. I have to, otherwise I wouldn't be able to sleep at night." [more inside]
14 Year Old Buys House in Florida Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord. [more inside]
Over the past three weeks, Israel has experienced what may perhaps be the largest, spontaneous / grass roots social protest of the secular middle class that it has witnessed in decades. Thousands of demonstrators in cities and towns throughout the country have been protesting cuts in government funding to health care and education, and massive, exorbitant rises in taxes and housing costs -- and demanding change. Tent cities have sprung up in Tel Aviv, Jerusalem and in public gardens and parks throughout the country. And they may not be going anywhere: polls indicate Israeli support is "exceptionally high". [more inside]
Squatters on the Skyline: "Facing a mounting housing shortage, squatters have transformed an abandoned skyscraper in downtown Caracas into a makeshift home for more than 2,500 people." [SLNYTVP]
"The World", an ambitious real estate project conceived at the height of the real estate boom, is sinking back into the sea.
The Compleat ÜberNerd: a fascinating series of blog entries detailing the nitty-gritty behind the mortgage industry by Calculated Risk's "Tanta." If you're curious about automated underwriting systems or the ins and outs of mortgage servicing or if you just enjoy some Mortgage Pig Excel art, Tanta was the blogger for you. Tanta, otherwise known as Doris Dungey, passed away on Sunday morning (NYT obit, CR obit).
The Subprime Primer. [via] An entertaining, lo-fi, comic-book style explanation of the complex Subprime Mortgage mess.
Some see an economic apocalypse. Others see an err.. economic apocalypse. But have no fear! A solution is at hand. [more inside]
BubbleFilter: Real Estate Roller Coaster. [via] US Home prices adjusted for inflation plotted as a first-person ride on a roller coaster. Keep your eye on the bottom right-hand corner for the corresponding year. Don't worry about the dramatic ending. I mean really, how bad could bad get?
If you continue to wait, you may never be able to afford to get into the housing market. The National Association of Home Builders wants you to buy a home now. Should you wait? No, no, no, no! Via Housing Panic.