Category Credit crisis

While a staggering number, this might also represent some kind of bottom. I mean, seriously, it’s hard to imagine that things could get worse than having 63% of all residential real estate on the market being distressed. I’m not saying…

Hawaii was one of the last areas to get hit by subprime, but it appears prices there are now sharply down. Which means bargains for Canadians, as their currency is strong against the dollar.

Bandos are squatters who live in foreclosed homes, which often still have the lights and water on. Vandos like to party in such places, trashing them as they go. What happens to neighborhoods after several months (or several years) of…

Well no, it could go to zero and then bankruptcy. Mish details how this once mighty company cratered, while all the time saying things were just fine, thanks for asking. Truly, a poster child for all that was wrong with…

Home defaults are different in Thailand. First off, you can’t just walk away. Even after a foreclosure, you are still liable for any additional losses. But most important, says a Thai businessman to a visiting American, walking away from a…