Here’s a story about a Lego house that was built for a BBC show called “Toy Stories”. It ws just demolished. Read More View the Lego House

Does anyone see the eerie similarities between “cash for clunkers” and “teaser home loans”? Marguerite Quantaine wrote a letter to the editor of The Wall Street Journal, here is portion of what she wrote: “With America still reeling from the collapse of the housing market brought on by teaser loans promising people homes they couldn’t [...]

Who knew less than 140 characters could potentially cost more than $50,000, in the form of a defamation lawsuit? That’s something Amanda Bonnen is discovering the hard way. In May, the Chicago resident did what many of Twitter’s users do–she tweeted a complaint. Specifically, she tweeted THIS complaint: @JessBi23 – Who said sleeping in a [...]

In case you didn’t read the latest issue of NewsWeek magazine, you might not be aware of this…… the recession is over. Based on a formula called the three P’s. But wait there’s more, find out who NewsWeek blames for the recesson, I mean the recession that is now over. Recession is Over Newsweek The [...]

The Obama administration is looking into creating a plan where mortgage borrowers who have fallen behind on their payments may now have the United States government make the payments for them, and then pay the government rent in the process. Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would [...]

The average length of unemployment is higher than it’s been since government began tracking the data in 1948. The recent unemployment numbers have undermined confidence that we might be nearing the bottom of the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad. The Bureau [...]

This might be the start of a new trend, condo associations filing for bankruptcy because of the housing bust … From the Daily Business Review: Bankruptcy: $1 million debt sends condo association into Chapter 11. Facing almost $1 million in claims by unsecured creditors, a troublesome recreational lease, and at least 100 unit owners delinquent [...]

How did we get into this housing mess, anyway? In her new book, author Alyssa Katz argues that ‘delusional thinking’ set the stage for the current crisis. You may want to add this to your summer reading list: “Our Lot: How Real Estate Came to Own Us.” Here’s an interview with the author. If you [...]