Category Archives: Real estate

Michael Hudson: The Vocabulary of Economic Deception

Michael Hudson gives a wide-ranging interview, discussing the importance of euphemism in obscuring power relationships and exploitation.

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Wolf Richter: “Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks

Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.

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Don Quijones: Wall Street Mega-Landlord Blackstone Turns Screw on Spanish Government & Property Market

Blackstone is a major operator in the Spanish property market. This post discusses the Spanish government’s plans to enact modest protections for tenants by reforming rent laws. Will the government respond to tenant needs, or give way to the private equity firm’s implicit threat to reduce its Spanish property investments? Alas, it looks likely that the government will fail to deliver on its reform pledge.

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“Fatally Flawed” Paper on HAMP Mortgage Program Gets Program Design Backwards, Botches Regression Analysis, Yielding Propagandistic Findings

How a new paper on HAMP manages, by not understanding the program. to whitewash it as well as promote financialization.

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