CHESSNOID

Whenever we hear about the S&P Case-Shiller Index, we think about housing price forecasts. Many people look at this index as a reliable source of data. That’s why I think it is interesting to hear the actual person (Robert Shiller) behind this index talk about what he sees in the economy.

Yahoo AP:
A sharp drop [...]

Here is another good article from the Wall Street Journal.  I think they are taking a more populist approach on foreclosures.  You hear financial experts or bailed out bank-sters preaching about moral obligations, duties, and setting the example, but those righteous people always seem to have a vested interest in helping themselves or their constituents. [...]

Why are economists consistently wrong?  They make predictions based on all their academic training and still most of their forecasts miss.  72 out of 72 economists predictions were all wrong in the article below.  Are they all just financial weatherman and hoping to be right some of the times? Some of the things we see [...]

We almost bought a unit at the Pomona lofts about 2 years ago.  There were a couple of bank repos and we offered I think about $140,000, $145,000, and $150,000 directly to the bank (wells fargo).  We planned on putting a 30% down payment and I had a pre-approved mortgage from the bank for the [...]