Housing

Mike the Mad Biologist

Category archives for Housing

Actually, Apartment Buildings Are Sexy

David Wogan brings up an important point–if we’re serious about global warming, we need to lower the amount of energy buildings use: Consider this: according to the U.S. Energy Information Administration, our nation’s buildings consume over 40 percent of the energy consumed across all sectors – that is even more energy than consumed by the…

I haven’t talked about Big Shitpile (the housing-initiated economic collapse in a while), but this report from the Essex County Register of Deeds (Massachusetts) describes nothing less than the breakdown of the property title system in the U.S.: Yesterday at the Annual Conference of The International Association of Clerks, Recorders, Election Officials and Treasurers (IACREOT),…

A while ago, I raised the problem–an inconvenient truth, if you will–that moving to a renewable energy future is going to be difficult: My impression reading a lot of commentary about renewable energy is that there’s this fantasy that we just have to build a bunch of windmills, install some solar panels, buy a Prius,…

The whole CDO binge (aka Big Shitpile) led to a whole slew of perverse incentives to not help a borrower who is having difficultly paying the mortgage, even though, in the era before mortgages were treated as commodities to be sold, banks routinely went out of their way to avoid foreclosure–usually the costs were too…

By way of Digby, we come across this proposal of how to reach 95% percent renewable energy by 2050. Before I get to some of the issue I have with the study (which is actually pretty good), I want to lay out my general views on energy use. First, I’m not a ‘fan’ of nuclear…

In light of the nuclear power plant partial meltdowns in Japan, there are calls for not expanding the U.S. nuclear power plant capacity, and even shutting down existing plants. What bothers me about this is that there is no discussion of how we make up the energy production shortfall–I’ll get to energy conservation in a…

Leave it to conservatives to actually conduct the War on Christmas (Got Scrooge?). I give you National Review editor Kate O’Beirne on the problem of hunger (italics mine): O’BEIRNE: And then the title of our gathering is so crucial; “Less of Washington and More of Ourselves”. The federal school lunch program and now breakfast program…

I’ve written before about how the housing fiasco required fraud and perjury. Well, there’s no end in sight for the damage done by Big Shitpile. The latest chapter involves foreclosing on homeowners who not only are able to make their payments, but have actually done so. How does this Kafkaesque nightmare happen? Yves Smith explains:…

Our Pro-Bank Policies Are Losing the Elite

They’re almost there. The NY Times’ Joe Nocera on Foreclosuregate: The lawsuit uncovered a raft of similar examples — case after case where the loan officers not only knew that fraud was being committed, but were actively engaged in committing it. “By about 2006,” says the lawsuit, “Countrywide’s internal risk assessors knew that in a…

Over the weekend, as the tweets that only 18% in the U.S. could correctly define what a molecule is and less than a third could define DNA–and these were an open-ended questions–my first thought, after looking at the study (pdf, p. 48), was that all of the open-ended questions did worse than the multiple choice…