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Bill Clinton’s Inconvenient Truths about housing

http://upload.wikimedia.org/wikipedia/en/c/c9/Charging_Bull_statue.jpg

Oh, dear. Charles Gasparino is playing the blame game over the 2008 banking-system collapse.

Isn’t this subject so 2009 or 2010? Apparently not.

Charles is targeting Bill Clinton, who just so happens to be speaking tonight at the Democratic National Convention. Call it a pre-emptive hit against Clinton.

Gasparino makes some good points about the housing bubble and Clinton’s role in helping to create it. But he kind of quickly glosses over the obvious: Wall Street failed because Wall Street failed.

If you really want to understand the housing bubble and subsequent banking system mess, check out WGBH’s excellent ongoing series, via its Frontline show, “Money, Power & Wall Street.” Channel 2 ran one of the episodes last night. It was mesmerizing, as top bank executives (mostly women, it should be admirably noted) finally admit four years later exactly what happened and why all the bank risk-taking was so reckless and harmful.

Hint: They weren’t blaming Bill Clinton, the Community Reinvestment Act, Barney Frank or George W. Bush, etc., etc.

Read other posts about: General real estate stories

One Response to “Bill Clinton’s Inconvenient Truths about housing” »»

  1. Comment by Funny | 09/08/12 at 9:30 am

    Clinton absolutely was part of the problem in that sense, but isn’t the point he believed in the same economic paradigm that all politicians have flocked to since Reagan?

    Obama, did after all, point out the problem in his speech. 30 years of same mined policy got us in this hole, and the other party’s only answering is doubling down on failed trickle down, supply side policy.

    Now, Obama might not have the right answers, but the other side isn’t even bothering to figure out new ones.

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    Boston Back Bay Condos 1st and 2nd Quarters 2012



    Back Bay condo sales in the 1st Quarter of 2012 - 80
    Back Bay condo sales in the 1st Quarter of 2011 - 82

    Back Bay average condo sales price in the 1st Q of 2012 - $1,261,255
    Back Bay average condo sales price in the 1st Q of 2011 - $1,306,435

    Back Bay median condo sales price in the 1st Q of 2012 - $789,750
    Back Bay median condo sales price in the 1st Q of 2011 - $828,895

    Back Bay condo 1st Q 2012 sales price per square foot - $804
    Back Bay condo 1st Q 2011 sales price per square foot - $809

    Back Bay condos days on market 1st Q 2012 - 142
    Back Bay condos days on market 1st Q 2011 - 133

    Back Bay condo sales in the 2nd Quarter of 2012 - 170
    Back Bay condo sales in the 2nd Quarter of 2011 - 118

    Back Bay average condo sales price in the 2nd Q of 2012 - $1,100,149
    Back Bay average condo sales price in the 2nd Q of 2011 - $1,329,678

    Back Bay median condo sales price in the 2nd Q of 2012 - $761,000
    Back Bay median condo sales price in the 2nd Q of 2011 - $840,000

    Back Bay condo 2nd Q 2012 sales price per square foot - $787
    Back Bay condo 2nd Q 2011 sales price per square foot - $823

    Back Bay condos days on market 2nd Q 2012 - 80
    Back Bay condos days on market 2nd Q 2011 - 133

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    Beacon Hill Condos Sales Stats 2012



    Boston Beacon Hill Condos 1st and 2nd Quarters 2012



    Beacon Hill condo sales in the 1st Quarter of 2012 - 35
    Beacon Hill condo sales in the 1st Quarter of 2011 - 25

    Beacon Hill average condo sales price in the 1st Q of 2012 - $808,840
    Beacon Hill average condo sales price in the 1st Q of 2011 - $852,720

    Beacon Hill median condo sales price in the 1st Q of 2012 - $549,000
    Beacon Hill median condo sales price in the 1st Q of 2011 - $542,250

    Beacon Hill condo 1st Q 2012 sales price per square foot - $747
    Beacon Hill condo 1st Q 2011 sales price per square foot - $675

    Beacon Hill condos days on market 1st Q 2012 - 108
    Beacon Hill condos days on market 1st Q 2011 - 198

    Beacon Hill condo sales in the 2nd Quarter of 2012 - 65
    Beacon Hill condo sales in the 2nd Quarter of 2011 - 69

    Beacon Hill average condo sales price in the 2nd Q of 2012 - $677,684
    Beacon Hill average condo sales price in the 2nd Q of 2011 - $661,045

    Beacon Hill median condo sales price in the 2nd Q of 2012 - $516,250
    Beacon Hill median condo sales price in the 2nd Q of 2011 - $511,750

    Beacon Hill condo 2nd Q 2012 sales price per square foot - $743
    Beacon Hill condo 2nd Q 2011 sales price per square foot - $686

    Beacon Hill condos days on market 2nd Q 2012 - 67
    Beacon Hill condos days on market 2nd Q 2011 - 80

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    Brighton Condos Sales Stats 2012



    Brighton Condos 1st and 2nd Quarters 2012



    Brighton condo sales in the 1st Quarter of 2012 - 41
    Brighton condo sales in the 1st Quarter of 2011 - 47

    Brighton average condo sales price in the 1st Q of 2012 - $254,685
    Brighton average condo sales price in the 1st Q of 2011 - $254,324

    Brighton median condo sales price in the 1st Q of 2012 - $237,000
    Brighton median condo sales price in the 1st Q of 2011 - $250,000

    Brighton condo 1st Q 2012 sales price per square foot - $316
    Brighton condo 1st Q 2011 sales price per square foot - $297

    Brighton condos days on market 1st Q 2012 - 28
    Brighton condos days on market 1st Q 2011 - 84

    Brighton condo sales in the 2nd Quarter of 2012 - 91
    Brighton condo sales in the 2nd Quarter of 2011 - 73

    Brighton average condo sales price in the 2nd Q of 2012 - $268,434
    Brighton average condo sales price in the 2nd Q of 2011 - $255,140

    Brighton median condo sales price in the 2nd Q of 2012 - $255,500
    Brighton median condo sales price in the 2nd Q of 2011 - $254,000

    Brighton condo 2nd Q 2012 sales price per square foot - $337
    Brighton condo 2nd Q 2011 sales price per square foot - $311

    Brighton condos days on market 2nd Q 2012 - 59
    Brighton condos days on market 2nd Q 2011 - 99

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    Charlestown Condos Sales Stats 2012



    Charlestown Condos 1st and 2nd Quarters 2012



    Charlestown condo sales in the 1st Quarter of 2012 - 43
    Charlestown condo sales in the 1st Quarter of 2011 - 47

    Charlestown average condo sales price in the 1st Q of 2012 - $491,085
    Charlestown average condo sales price in the 1st Q of 2011 - $485,918

    Charlestown median condo sales price in the 1st Q of 2012 - $435,000
    Charlestown median condo sales price in the 1st Q of 2011 - $467,500

    Charlestown condo 1st Q 2012 sales price per square foot - $432
    Charlestown condo 1st Q 2011 sales price per square foot - $444

    Charlestown condos days on market 1st Q 2012 - 112
    Charlestown condos days on market 1st Q 2011 - 125

    Charlestown condo sales in the 2nd Quarter of 2012 - 115
    Charlestown condo sales in the 2nd Quarter of 2011 - 72

    Charlestown average condo sales price in the 2nd Q of 2012 - $474,847
    Charlestown average condo sales price in the 2nd Q of 2011 - $423,006

    Charlestown median condo sales price in the 2nd Q of 2012 - $452,000
    Charlestown median condo sales price in the 2nd Q of 2011 - $408,500

    Charlestown condo 2nd Q 2012 sales price per square foot - $438
    Charlestown condo 2nd Q 2011 sales price per square foot - $437

    Charlestown condos days on market 2nd Q 2012 - 81
    Charlestown condos days on market 2nd Q 2011 - 60

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    Fenway Condos Sales Stats 2012



    Fenway Condos 1st and 2nd Quarters 2012



    Fenway condo sales in the 1st Quarter of 2012 - 19
    Fenway condo sales in the 1st Quarter of 2011 - 20

    Fenway average condo sales price in the 1st Q of 2012 - $404,579
    Fenway average condo sales price in the 1st Q of 2011 - $320,828

    Fenway median condo sales price in the 1st Q of 2012 - $375,000
    Fenway median condo sales price in the 1st Q of 2011 - $291,500

    Fenway condo 1st Q 2012 sales price per square foot - $513
    Fenway condo 1st Q 2011 sales price per square foot - $436

    Fenway condos days on market 1st Q 2012 - 42
    Fenway condos days on market 1st Q 2011 - 180

    Fenway condo sales in the 2nd Quarter of 2012 - 79
    Fenway condo sales in the 2nd Quarter of 2011 - 58

    Fenway average condo sales price in the 2nd Q of 2012 - $358,981
    Fenway average condo sales price in the 2nd Q of 2011 - $321,013

    Fenway median condo sales price in the 2nd Q of 2012 - $360,000
    Fenway median condo sales price in the 2nd Q of 2011 - $292,000

    Fenway condo 2nd Q 2012 sales price per square foot - $519
    Fenway condo 2nd Q 2011 sales price per square foot - $491

    Fenway condos days on market 2nd Q 2012 - 86
    Fenway condos days on market 2nd Q 2011 - 51

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