This, from a comment Thursday by one Peter Varhol, deserves its own post: I’ve lived through a couple of real estate downturns now, and the cause always seems the same – lenders loosen standards (inflated appraisals, mortgages at 105% of selling price, inflating income, etc.) to chase more business. Will they never learn from the [...]
My new column is up online, and in the gloriously amazingly redesigned new Time (the paper’s thicker, too). It’s now in something called the “Life” section, which until the very last second we were simply calling “Part 3.” It’s accompanied by a photo of me looking slightly glum, or so I thought until I saw [...]
