US house prices up 20% since last year. This shows just how fucked up the economy is. Printing free money for 18 months non stop will collapse society. h/t RATMW
Very interesting chart that shows that Chinese real estate is likely the largest asset class in the world. It also arguably goes some way to illustrating how impactful price falls could be on the global economy. pic.twitter.com/E4lerfo1Sj — Tarric Brooker …
Sydney’s hot property market could be heading for a crash if regulators don’t step in to slow things down. That’s the message from the International Monetary Fund and comes just days after two of our major banks issued their own …
#China #property developer #Evergrande’s EV unit alerts Hong Kong exchange of its “serious shortage of funds”. Says it has suspended paying some of its operating expenses, some suppliers have suspended supplying for projects. pic.twitter.com/2eMct9aa2k — Eunice Yoon (@onlyyoontv) September 24, …
by confoundedinterest17 Pop goes the weasel! (Bloomberg) — The S&P 500 Index extended its decline past 2% Monday afternoon amid growing investor jitters about China’s real estate crackdown potentially sparking a financial contagion. And the Hang Seng fell 3.30% overnight. The benchmark gauge …
by mekonsodre14 Assumptions… 70% of wealth in China is held in property (elsewhere average is btw. 20 to 35%) Evergrande’s international payment obligations are due on Thursday 1/3 of current China GDP is created by construction and property related activity …
Evergrande is a company that has been using a barter system and has been unable to generate cash since 2012. In short, the company has been experiencing cash shortages for years and appears to be making a profit through accounting …
And another and another…Guangzhou R&F Properties also collapsing… pic.twitter.com/9wQebzDOpa — 🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass) September 20, 2021 US debt issues Credit default swaps in US have spiked up.. Welcome to the perfect storm where everything is going to fuck …
by confoundedinterest17 According to Bloomberg, Chinese authorities told major lenders to China Evergrande Group not to expect interest payments due next week on bank loans, which takes the cash-strapped developer a step closer the nation’s largest modern-day restructurings, and guarantees that China’s “Lehman Moment” is …
SOHO: Another property developer in China takes a large sh*t – The house of cards is starting to feel a slight breeze. Cracks in China’s Growth Put Risk-Market Rally on Shaky Ground Fissures in the Chinese recovery are replacing …
The US economy is almost fully reopened at this point. However, several big retailers and shopping malls are either still struggling or shuttering stores and locations at alarming rates. Consumers are just now realizing how ravaging was the carnage. Over …
Buried in the 2700 page infrastructure bill: pic.twitter.com/9IOPlXRQ1k — John Roberts (@johnrobertsFox) August 4, 2021 Per mile user fee? They gonna track our vehicles? Great h/t Violated_Norm
On New Year’s Day of this year, Rochelle Walensky was just a college professor in Massachusetts. You’d almost certainly never heard of her. You definitely didn’t vote for her at any point, because Walensky had never run for office. As …
https://youtu.be/wSHzQvL0dGo
On Thursday, American Homes 4 Rent, which owns 54,000 houses, increased rents 11% on vacant properties in April, the company reported in a statement: … Continued to experience record demand with a Same-Home portfolio Average Occupied Days Percentage of 97.3% …
by Jared Dillian If you own a home or you’re thinking about buying one, I have some bad news. Even after you pay off the mortgage, you still don’t own the property. Not fully, anyway. From a philosophical standpoint, you’re renting …
by Jose Nino via Mises In light of the government’s response to the January 6 storming of the Capitol, anyone with a sense of political sanity can no longer argue that the war on terror is separate from American domestic affairs. US imperialism came …
https://twitter.com/USSANews/status/1373677169310797827 h/t Kalkee
by GoldCore Australian, American and British People Need To Learn Lessons from Ireland ‘First Hand View From Ireland’ – Martin North & Eddie Hobbs Australian financial expert, Martin North discusses the Irish property crash and financial crisis a decade ago …
by Simon Black When Hugh Hefner finally sold one of the most famous homes in the world back in 2016– the Playboy Mansion– the market was a bit slow. And Hefner had to settle for about half of his original $200 …
via jugglingdynamite: Low-interest rates, lax-lending and speculative fever, drove a boom in property demand, size and opulence over the past decade in most of the world’s major cities. Now home prices are unaffordable for most and debt is maxed out everywhere, …
https://www.youtube.com/watch?v=CjE_omcnH9o The increase us of drone sometimes threatens our privacy and even safety. https://marygreeley.com/?p=84149
by Spencer P Morrison, NEE “Consumers are paying the price” for President Trump’s tariffs, CNN claims. Millions will feel the pinch; many thousands will lose their jobs. What CNN fails to mention is that millions of Americans already feel the pinch, and millions more have already lost …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall. The dust has settled and the numbers have emerged: A …
But, but, but, there’s no inflation I’ve been told by Federal Reserve douchebags. Via MSN In 2018, property taxes on the nation’s 87 million U.S. single-family homes rose 4 percent to $293.4 billion, reaching an average of $3,498 per home, …
by Martin Armstrong COMMENT: I just wanted to say how amazed I am at Socrates. The Nationwide Building Society (real estate) here in Britain has confirmed that London was the worst-performing region in Britain and has declined now for 7 years. Just …
by GoldCore via Bloomberg – 3.8% fall y/y in Q1, the seventh straight decline in values – Nationwide – Nationally, U.K. real-estate market remains ‘subdued’ – Some of the weakness relates to Brexit as economic uncertainty impacts sentiment London continued to lead …
If you’re thinking about buying your first home, you probably have a lot of questions. What if, instead of just acting as a roof over your head, your first home could be an investment property? While you might not think …
Josh Sigurdson reports on the recent imprisonment of a man in Nashville, Tennessee who rented his own home out through Airbnb for paying guests without a permit. Layton Jones listed his northwest Nashville home on Airbnb without a permit which …
