Another thing: inflation. Just when you thought the construction-cost spike was abating, it hit a new record.
Read more...Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.
Read more...The backstory of what is now arguably the most widely-used form of lending in principal terms, the mortgage.
Read more...Another tour de force with Michael Hudson, covering development, rentierism, economic narratives, debt dynamics, and the rise of China.
Read more...Truss’ legacy will be one of a tanking pound, soaring inflation, and a seemingly inevitably recession.
Read more...The housing market in the US, not surprisingly, is looking pretty punky.
Read more...The gutting of USPS is accelerating. A step backwards for what passes as American civilization.
Read more...Tory policy and legislation on Gypsies and Travellers deprives them of a place to live and targets them with criminal penalties.
Read more...The lack of real convergence between countries in Europe is a major obstacle to the proper functioning of the Euro area.
Read more...Some possible ways to make concrete less of an environmental problem.
Read more...Housing sales and prices continuine on their grim slide.
Read more...East Bay Permanent Real Estate Cooperative takes historic real estate off the speculative market in West Oakland to help residents.
Read more...Mortgage servicers are torturing borrowers who have been unable to pay for over a decade. All they are doing now is ripping off governments.
Read more...REITs are considered “passive” investors but play a very active role in reshaping whole industries, like hospitals
Read more...There is no “housing shortage,” with over 9 months’ supply of unsold houses, the most since the Housing Bust. But prices are still too high.
Read more...