YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: housing bubble
  • The Chicago Heist

    Cook County has experienced some of the worst effects of the housing crisis of any area in the US. As it stands today, there are 199,778 homes (9.16% of all) that are vacant in Chicago. As a resident of Cook County for a good portion of my life, I have seen the steady rise of …

  • Fannie Mae Needs More of Your Money

    Fannie Mae, one of the federal government’s big mortgage lending outfits, stated today that it needs more taxpayer-funded bailouts to stay afloat. The mortgage giant, still recovering from its tailspin three years ago due to the real estate crash and subsequent seizure by the federal government, has reported three straight quarters of multi-billion dollar losses, …

  • The Decision: Is college worth it?

    During the summer I work as a camp counselor, specifically with K-1st graders.  As I was meeting the family of one my young campers, the dad asked me where I attended college.  I told him Drake University and he then looked at his children and said, “See, we’re always thinking about college.  It’s so important.”  …

  • A reason to raise the debt ceiling? Not a chance.

    This article from Politico is good only for a laugh.  According to the author of the article: Mortgage firms Fannie Mae and Freddie Mac could lose the top-notch ratings made possible through their government conservatorship. Tucked into Moody’s recent report is a footnote estimating that, without explicit government support, Fannie Mae and Freddie Mac would …

  • Pick an Agency, Any Agency: FHFA

    As fiscal conservatives continue to seek avenues through which to derail the federal gravy train, it helps from time to time to take a look at the mind-numbingly long list of federal departments and agencies that are on board. Of course, this list is hardly exhaustive – just one that is publicly available – but …

  • Is the college tuition bubble going to burst?

    Are college tuition rates the heir to inflated housing prices — a bubble about to burst?  Here are eight arguments why they are (and here’s the source and explanations for the arguments): Tuition is, and has been, increasing at double triple the rate of inflation Students are borrowing more than ever to pay for college …

  • Central Planning…

    …does not work. Despite numerous efforts by the Obama administration to keep the housing market at its bubble level, they have failed. The money has run out. The spigot is dry.  The S&P/Case Shiller home price indices for January have been on the fall since December. Prices haven’t dropped sharply, yet. The only reason for …

  • Pop Goes the Weasel

    In a piece by David Leonardt at the New York Times, he tries to defend the Fed and its recent grab at more regulatory powers. However, the evidence he provides is more damning than anything.  The article starts with, “If only we’d had more power, we could have kept the financial crisis from getting so bad.” Well, …

  • Our Current Crisis: Austrian Style

    For a great Austrian economic primer to the crisis, read this study from the Foundation for Economic Freedom: Get it here.

  • Media continues trend of reporting data it doesn’t understand

    Data on June 2009 new residential sales were released by the Commerece Department Monday, and government officials were quick to promote the news with a positive spin. “The evidence is clear that home buyers are taking advantage of Recovery Act tax incentives, declines in home prices and relatively low mortgage rates,” U.S. Under Secretary for …