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The Life of Caliph Washington

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Tag: Real Estate Industry


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California City Votes to Seize Underwater Mortgages

Richmond plans to use eminent domain powers to seize bad mortgages and resell them at property value to new mortgage holders, helping its residents get out from under massive debt. Whether it will work is a big question mark.

Posted on Sep 12, 2013 READ MORE


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How the Rentier Class Cannibalizes the Economy

Rather than mobilizing savings to fund new industries, the banking system that comprises the financial, insurance and real estate sectors merely loads the economy down with debt.

Posted on Jan 11, 2013 READ MORE


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