About the Blog

I shall post videos, graphs, news stories, and other material. We shall use some of this material in class, and you may review the rest at your convenience. I encourage you to use the blog in these ways:

--To post questions or comments about the readings before we discuss them in class;
--To follow up on class discussions with additional comments or questions.
--To post relevant news items or videos.

There are only two major limitations: no coarse language, and no derogatory comments about people at the Claremont Colleges. This blog is on the open Internet, so post nothing that you would not want a potential employer to see.

Sunday, November 13, 2011

How to Survive a Housing Crisis



Strong Growth, Smart Regulations

2000-2010
From USA Today
-Texas GDP grows 26.8 percent, reaching $1.207 trillion
-Texas passes New York; now 2nd largest state economy

2006-Fall 2009
From Dallas Fed
-Home values fell 10.3 percent nationwide, but grew 4.6 percent in Texas

October 2011:
From RealtyTrac
-CA Foreclosures: 55,000
-TX Foreclosures: 9,800

Home Equity Loans deepened the housing crisis but the Texas Homestead Act insulated Texan homeowners
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