Bubble bubble toil and trouble?

The bad news is starting to come in from south of the border. For those interested in following bubblemania, I recommend The Vancouver Housing Market Blog. The LA Times reports: The chief economist of the California Assn. of Realtors has stopped using the term “soft landing” to describe the state’s real estate market, saying she no longer feels comfortable with […]

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Housing the Homeless and Addicted

The New York Times reports on a Seattle initiative to provide homes for homeless alcoholics. They do not require sobriety to get a spot, a development that rankles moralistic conservatives. The reason is economics: it costs less to house them than what is currently spent on health care, detox and criminal justice. New York and some other major US cities […]

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