March 30, 2012 |
Economists generally don't go into politics, which is probably a good thing for Christopher Thornberg , who has declared war on Proposition 13 . The popular 1978 ballot measure that capped property taxes in California is “one of the most horrendous, unfair, regressive taxes in the history of the United States,” the former UCLA economist declared at a televised hearing in Sacramento earlier this month. (You can view it here , starting at about 31:36 minutes.) Zap!
CALIFORNIA | LOCAL
December 16, 2009 |
So here I am at the Beverly Center, looking at a pair of $228 jeans from Bloomingdale's, and I can't remember my duty as an American: Am I supposed to buy these overpriced trousers and everything else in sight to help fuel the economic recovery? FOR THE RECORD: Steve Lopez column: In Wednesday's Section A, Steve Lopez's column referred to the Los Angeles County Economic Development Corp. —where Jack Kyser is chief economist -- as the Los Angeles Economic Development Council.
August 25, 2007
Mortgage: Christopher Thornberg's Op-Ed piece on Friday about Fannie Mae (the Federal National Mortgage Assn.) and Freddie Mac (the Federal Home Loan and Mortgage Corp.) said that Fannie Mae had been around for nearly 60 years. It has been nearly 70 years since it was formed in 1938.
September 1, 2007
Re "Fannie and Freddie, old and new," Opinion, Aug. 24 In his conclusion to an otherwise informative article, Christopher Thornberg resorts to advocating a very untenable position. He strangely claims that Fannie Mae and Freddie Mac have become the opposite of what they were because they are now part of the safe market. Fannie and Freddie have always been part of the safe market. They provided liquidity, but not for speculative or risky mortgage seekers, only for the creditworthy ones.
September 18, 2005 |
Will the real estate bubble burst? And, if so, when? Those were the big questions at a UCLA Anderson School of Management conference on real estate and the California economy, held Thursday at the Skirball Cultural Center in West L.A. The answers are not that simple, a bearish Christopher Thornberg, senior economist of the UCLA Anderson Forecast, told housing developers, lenders, academics and representatives of affordable housing programs.
August 11, 2007 |
The sub-prime mortgage pain convulsing financial markets is nothing new to people who make their livings in real estate and the housing construction industry. For months, the deteriorating market has been taking money out of millions of workers' pockets. Real estate agents are selling fewer homes. Appraisers and construction workers are scrambling for assignments. Mortgage loan company employees are being laid off by the thousands.