Apr 28, 2020 |
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Imagine if Freddie Mac and Fannie Mae had been taken out of government conservatorship before the coronavirus pandemic. Many housing pundits, including Federal Housing Finance Agency Director Mark Calabria, continue to advocate for this. If Freddie and Fannie were public in 2019, can you imagine the disruption in the housing market when more than 1,573,000 Freddie and […more]
Apr 28, 2020 |
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Apr 28, 2020 |
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Former Vice President Joe Biden blasted big banks for failing to reserve enough Payroll Protection Program funds for small businesses and called corporate America “greedy as hell” after taxpayers “bailed their asses out” in 2008 when they were near insolvency. The nation’s largest banks are “only alive because of the American taxpayer,” yet they gave […more]
Apr 28, 2020 |
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Apr 28, 2020 |
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This topic was explored in last Friday’s Housing Notes. In order to understand what is happening now, we need to ween ourselves off of what happened before this crisis and focus on finding data exclusive to the post-COVID-19 era. In Manhattan, that data set is not yet apparent because we are in nearly a total […more]
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Apr 28, 2020 |
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The new Squibb Bridge will open to the public on May 4. | Jamie Warren, Brooklyn Bridge Park The embattled pedestrian pathway will reopen in early May Meet the new bridge, same as the old bridge. The Brooklyn Bridge Park Corporation will reopen the Squibb Bridge on May 4, after a years-long debacle to replace […more]