FROM Daniel McGinn
As Housing Crisis Worsens, More People Staying Put Sales of new and existing homes dropped more than expected last month, even though houses are cheaper, with the median price reduced from $208,000 last year at this time to $180,000 today. Daniel McGinn is national correspondent for Newsweek magazine and author of House Lust : America's Obsession with Our Homes.
The Housing Crisis Is Eating America's Economy Home foreclosure may become an industry in itself. Today's New York Times features a California company called You Walk Away , which is looking for clients whose mortgages are now worth more than their houses, so they can't refinance to meet rising payments. For less than a thousand dollars, You Walk Away will show them how to deliver their problems back to the bank by foreclosure. Part of the problem is the idea that housing is not just a place to live, but a gold-plated investment whose value just keeps going up. What goes up must come down, leaving tens of thousands of people with increased payments on loans worth more than their houses. Are greedy banks and investors at fault? What about home buyers themselves? And what's the impact on an economy that depends on consumer spending?
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?