“…In the left ditch is the weakness of landlord dependency, rent controls, and other government subsidies of transitory housing.

In the right ditch is an array of market subsidies to encourage home ownership, even if that form of home ownership is really money rentership – and, pardon my cynicism, our lending overlords want it that way.

Wouldn’t you want to have 40% of society’s earnings if you could get it?”

via Irvine Housing Blog – Irvine Real Estate and Irvine Homes – Housing Subsidies, Debt Expansion, and the Death of American Liberty.

“Fitch Ratings calculates that 23 percent of multifamily loans in Nevada that rely on commercial mortgage-backed securities are in arrears…”

via Apartment owners face tough circumstances – Las Vegas Sun.

“Mortgage fraud caused the collapse of the America housing market.

Mortgage fraud caused the collapse of the financial markets and the insurance markets, and threatened the global economy.

Mortgage fraud was practiced on a systemic level by major Wall Street investment banks, major commercial banks, mortgage banks, and virtually the entire real estate industry…”

via How Wall Street cashed in on the American Dream, and nearly killed it.