Category Archives: Race

I Don’t See A Housing Crash In Pico-Robertson

I don’t see housing values dropping much nor rents dropping. They are dropping in Beverly Hills. Pico-Robertson is the heart of Modern Orthodoxy in Los Angeles. If you look around on Shabbat, thousands of Jews are walking to synagogue. In … Continue reading

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The Politics Of The Housing Boom & Bust

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. The median-priced home in the United States is 3.6 times the median income of Americans. In Great Britain, the median-priced home is 5.5 times the … Continue reading

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What Caused The Housing Boom & Bust?

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. From 2000 to 2005, the average home price in the United States increased by one-third. Millions of Americans began using their homes as ATMs, getting … Continue reading

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Barney Frank Blames Race

From ABC News: Asked how the U.S. mortgage market got to this horrible place, Frank said, “We had too little regulation at a point of great financial innovation. Twenty years ago, most loans were made by someone who expected to … Continue reading

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Racism & Financial Collapse

Column by John Kimble: During the 1930s, the federal government responded to the national financial crisis by creating the Federal Housing Administration and the Federal National Mortgage Association as part of a scheme to build a brave new real estate … Continue reading

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