Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Recent home buyers could be facing negative equity”: CoreLogic. In Sydney, Australia’s largest property market and Petri dish for one of the world’s biggest housing bubbles, home prices fell 4.6% in June compared to a year …
The PE firm as global landlord. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Private equity firm Blackstone, the undisputed king of property funds, continues to bet big on global real estate. In the last week it raised $9.4 billion for Asian …
This is where the big problem lies. The balance of the nation’s budget had led to local governments raising property values and thus raising property taxes. High property taxes raise rents, they raise food prices, and they raise the general …
Blackstone Group, Cerberus Capital and others face a little problem. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Demand for rental housing in Spain may have hit a wall, so to speak, while supply remains more or less unchanged, according to a …
https://www.youtube.com/watch?v=b17L9PyI5-s
by Martin Armstrong In Illinois is a State that should just commit suicide and be emerged into surrounding states. It is following the EXACT pattern as the fall of the city of Rome itself. Constantine the Great moved the Roman capital from Rome …
by ludwigvon An “Audible Gasp” Was Heard When The Chicago Fed Unveiled Its “Solution” To The Pension Problem An audible gasp went out in the breakout room I was in at last month’s pension event cosponsored by The Civic Federation …
BEIJING (CBSNewYork) — China is rolling out a high-tech plan to give all of its 1.4 billion citizens a personal score, based on how they behave. But there are consequences if a score gets too low, and for some that’s cause …
By Bob Shanahan Image from Shutterstock.com California crime is on the rise and many residents of the Golden State are now regretting the passage of a significant law implemented a few years ago that essentially emboldened criminals despite its good …
https://twitter.com/OccupyWisdom/status/986447271591137280
According to police, 15,000 people protested the rising cost of housing in Berlin on Saturday, amid concerns over gentrification. https://youtu.be/Vls0S7snopo
by DCG From Kansas City.com: A Missouri couple decided to turn their entire yard into a flower garden. It turns out, that was against a city ordinance, which says half of residents’ yards must be grass turf. But the wife is …
The London property market is already in trouble. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The British government has suddenly realized that the London property market is “becoming” a “destination of choice” for laundering the proceeds of overseas crime and …
“This plan, far from solving or alleviating the problem, is likely to make it a whole lot worse.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Spain’s second biggest bank, BBVA, just announced that it’s resurrecting the 100% mortgage, a high-risk …
There are several reasons why Malta remains one of the best places in the world for investors, especially those looking to invest in real estate. The year-round good weather, the fact that most people in Malta speak English, and the …
Californians fed up with housing costs and taxes are fleeing state in big numbers from CNBC. residents, although even middle-class residents are saying goodbye. The trend is a symptom of the state’s housing crunch and, for some, high taxes. …
by Martin Armstrong Property values in Illinois are collapsing thanks to the State being over the edge with its fiscal mismanagement. The state employee pensions are bankrupting the state and are now destroying the value of property in the States …
by dustin_slothman If you’re out of the loop, people are starting to dig for answers as to why there will be two or three sometimes four Mattress Firms across from one another at intersections. Someone raised the question of money laundering …
Image from pexels From Peter Churchouse, Editor, The Churchouse Letter If you want to profit from real estate stocks, you need to know one important thing… Not all real estate stocks are the same. Some real estate stocks offer growth… Others …
by GoldCore London Property Crash Looms As Prices Drop To 2 1/2 Year Low – London homeowners cut property prices by another 1.4% in January – Average price for a London house dropped by £22,000 to £600,926 in 2017 – …
In your opinion, is China positioned better than the U.S. over the next few decades? In China, we have seen certain areas booming while other have fallen. Massive quantities of stimulus has been entering the system since the Financial Crisis. …
Former chief economist of the Bank for International Settlements, William White, told Bloomberg TV recently that “the system is dangerously unanchored.” This is not the first time White has issued a warning that global financial markets were not on sound …
https://www.youtube.com/watch?v=NuFkpvN-_tI It was in February of 2016 when, looking at the latest trends in the Hong Kong housing market, we wrote that in January [2016] Hong Kong home prices tumbled the most since July 2013, and after a 12 year …
by Umar Farooq A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is revealing the weaker links in the U.S. real estate market. “There are a lot more problem loans out there than …