With Blackrock and Tishman Speyer walking away from the humongous New York City residential apartment community Stuyvesant Town, is there a difference in the morality of a commercial enterprise handing back ownership to the lenders versus a normal homeowner. And interesting discussion on CNBC hosted by Erin Burnett:
The economic environment created by the housing crisis and exacerbated by the deplorable policies enacted and looming legislation by the Obama administration, have forced the unemployment rate to remain swollen and the prosepct for improvement in that regard to remain handicapped.
In fact, apartment vacancies are at a 30 year high and, with a over supply of available living opportunites inclusing a shadow inventory, relief in not in sight.
Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts
Monday, January 25, 2010
Monday, February 23, 2009
CNBC's House of Cards Required Viewing
While our governmental leadership continues to throw money all over the countryside without attacking the real problem with the economy, the problems remain as a very serious impediment to economic recovery.
The problem is the fallout of over leveraging by financial institutions in their purchase of toxic mortgages, or derivatives containing these extremely over leveraged mortgages. If you have had trouble keeping your eye on ball on this subject, you are in good company.
Recently, CNBC put together an outstanding overview of many of the aspects of the housing crisis, which whether you realize it or not, directly effects you and your family. David Faber is the host of CNBC's House of Cards. CNBC has put together several outstanding documentaries in recent years and this one is among the best.
Certainly, whether you are an individual involved in the real estate industry or a citizen interested in keeping up with the things that impact your economic health, this is required viewing. Check your local listings as it will continue to be re-broadcast from time to time.
The problem is the fallout of over leveraging by financial institutions in their purchase of toxic mortgages, or derivatives containing these extremely over leveraged mortgages. If you have had trouble keeping your eye on ball on this subject, you are in good company.
Recently, CNBC put together an outstanding overview of many of the aspects of the housing crisis, which whether you realize it or not, directly effects you and your family. David Faber is the host of CNBC's House of Cards. CNBC has put together several outstanding documentaries in recent years and this one is among the best.
Certainly, whether you are an individual involved in the real estate industry or a citizen interested in keeping up with the things that impact your economic health, this is required viewing. Check your local listings as it will continue to be re-broadcast from time to time.
Thursday, July 31, 2008
They Know Nothing
On CNBC's Stop Trading with Erin Burnett a year ago today, Jim Cramer absolutely lost it while discussing the subprime mess.
And what a mess it is. Cramer is just great entertainment and Bear Stearns, trading 109 on this day, is now a morsel of JP Morgan. Since then, the FED has cut over 300 basis points and difficulty in acquiring credit remains at extreme levels as we continue to wring out these excesses and absorb the existing housing inventories.
And what a mess it is. Cramer is just great entertainment and Bear Stearns, trading 109 on this day, is now a morsel of JP Morgan. Since then, the FED has cut over 300 basis points and difficulty in acquiring credit remains at extreme levels as we continue to wring out these excesses and absorb the existing housing inventories.
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