Categories: The American Dream

Bill Clinton's drive to increase homeownership went way too far

Posted by: Peter Coy on February 27

Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration...

Bennie and the Feds

Posted by: Dean Foust on January 08

This video of New York musician Rick DellaRatta riffing on the current mortgage-fueled mess -- and Federal Reserve Ben Bernanke's handling of it -- is making the rounds on the...

The U.S. homeownership rate has fallen

Posted by: Peter Coy on October 26

If homeownership is the American Dream, then what's foreclosure? The American Nightmare? In the latest issue of BusinessWeek I wrote an article called "The Housing Bust's Latest Blow," calling attention...

Here's what the housing boom bought us

Posted by: Peter Coy on September 13

Americans like lots of room. A century or two ago they found it by moving West like Davey Crockett. Now they make more room for themselves by pushing the...

The other side of "the American dream"

Posted by: Dean Foust on July 02

It's only proper that on the same day I post a story about a sheik selling his $135 million mansion in Aspen that I make note of the other side...

Young, married...and mortgaged to the hilt

Posted by: Dean Foust on May 31

Stumbled across this nice article in London's Daily Mail on how the 20-somethings and 30-somethings in the U.K. are becoming a "nation of mortgage slaves." Given the extraordinary run-up in...

Promoting Homeownership--Wisely, for a Change

Posted by: Peter Coy on April 06

I don't always agree with Scott Syphax, the CEO of non-profit Nehemiah Corp., but I think he has a fair point this time. Syphax strongly believes that homeownership is a...

Are there "victims" in foreclosures?

Posted by: Dean Foust on March 26

Journalist Kirstin Downey at the Washington Post has an article today that's burning up the Internet today - and burning up a few bloggers who are staunch proponents of self-determination...

About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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