Housing Starts and Stops
Yesterday’s New York Times had a sobering profile of the housing market in Cleveland, which has experienced the post-boom collapse earlier and more deeply than most of the rest of the nation. While the situation in Cleveland, as elsewhere, has many causes and more than enough blame to go around, the piece includes a telling passage about what happened when Cleveland tried to take action against the predatory lenders who took over the subprime lending market in the early 2000′s to make unaffordable loans to homeowners crammed full of high costs and fees. Read the rest of this entry »
