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Tag Archives: Housing Bubble
A Palace For Fannie (Mae)—–Why The Imperial City Must Be Sacked
A Palace For Fannie (Mae)—–Why The Imperial City Must Be Sacked To hear the establishment media tell it, you would think that Attila the Hun was fixing to sack the Imperial City. Would that Donald Trump were that bold or dangerous. Then again, he is a showman of no mean talents. So if there is a maquette […]
Former Fed Advisor Asks “Has The Fed Bankrupted The Nation”
Former Fed Advisor Asks “Has The Fed Bankrupted The Nation” Volcker, Greenspan, Bernanke and Yellen. Which one does not belong? Logic dictates that Volcker should have been odd man out. After all, there is no legendary “Volcker Put.” The towering monetarist made no bones about never being bound by the financial markets. The same can certainly not […]
Chinese Take Over Canada’s Real Estate Market, Buy One-Third Of All Vancouver Homes Sold In 2015
Chinese Take Over Canada’s Real Estate Market, Buy One-Third Of All Vancouver Homes Sold In 2015 “Housing in Vancouver is insane — it was insane when I left and it’s more insane now.” That’s from 33-year-old Kevin Oke, co-founder of LlamaZoo Interactive who left Vancouver for Victoria two years ago because he couldn’t afford to buy a […]
A Desperate China Begged Fed For “Plunge Protection Playbook” As Its Market Crashed
A Desperate China Begged Fed For “Plunge Protection Playbook” As Its Market Crashed Last June, China’s stock market miracle ended in tears. The SHCOMP’s inexorable, parabolic ascent was to a large degree facilitated by an explosion of margin debt, the likes of which could not be found in any other major market across the globe. […]
The Vacant Condos in Vancouver
The Vacant Condos in Vancouver Suddenly lurking in the shadow inventory. The magnificent housing bubble in Canada has been stumbling recently, propped up largely by the two largest cities, Toronto and Vancouver. Home prices declined 0.1% in January from a month earlier, the second month in a row of declines, according to the Teranet-National Bank […]
How Vancouver Is Being Sold To The Chinese: The Illegal Dark Side Behind The Real Estate Bubble
How Vancouver Is Being Sold To The Chinese: The Illegal Dark Side Behind The Real Estate Bubble One month ago, when describing the latest in an endless series of Vancouver real estate horror stories, in this case an abandoned, rotting home (which is currently listed for a modest $7.2 million), we explained the simple money-laundering dynamic involving Chinese “investors” […]
Australia’s Housing Bubble: In the Grip of Insanity
Australia’s Housing Bubble: In the Grip of Insanity Perverse Incentives We haven’t written about Australia’s residential real estate bubble for some time (readers may want to check out last year’s post “Australia’s Bubble Trouble”, which contains numerous relevant charts and data). Property auction in Sidney Our friend Jonathan Tepper of Variant Perception has recently visited […]
Signs of Mortgage Meltdown in Australia
Signs of Mortgage Meltdown in Australia “Not a question of if but when there will be a mortgage crisis.” Real estate is local – until it isn’t. Cities have their own housing bubbles that implode on their own time. But once contagion spreads to mortgages and banks and infects confidence of real estate investors and […]
Hong Kong Housing Bubble Suffers Spectacular Collapse: Sales Plunge Most On Record, Prices Crash
Hong Kong Housing Bubble Suffers Spectacular Collapse: Sales Plunge Most On Record, Prices Crash Two months ago, we observed the record plunge in Hong Kong home sales when according to Land Registry data, a paltry 2,826 registered residential transactions were record, down 14.4% from October and what we thought was an amazing 41.7% less than in November […]
How The Rothschilds Made America Into Their Private Tax Fraud Backyard
How The Rothschilds Made America Into Their Private Tax Fraud Backyard Back in September 2012 we first presented “the world’s biggest hedge fund nobody had ever heard of”: a small, previously unknown company called Braeburn Capital which, however, managed more cash than even Ray Dalio’s Bridgewater, the world’s largest hedge fund. How had the little firm operating out […]
Canada’s “Other” Problem: Record High Household Debt
Canada’s “Other” Problem: Record High Household Debt Earlier today, the Bank of Canada surprised some market participants by failing to cut rates. True, the loonie was plunging and another rate cut might very well have accelerated the decline, further eroding the purchasing power of Canadians who are already struggling to keep up with the inexorable rise […]
Average Canadian house price up another 12% to $454,342
Average Canadian house price up another 12% to $454,342 But if B.C. and Ontario are stripped out, average house price declined by 2.2% last year Hot markets in Toronto and Vancouver are skewing the national average price of a Canadian home higher, CREA says. (Daniel Acker/Bloomberg) The average price of a Canadian home increased by […]
Can We See a Bubble If We’re Inside the Bubble?
Can We See a Bubble If We’re Inside the Bubble? We want this time to be different so badly, we can almost taste it. If you visit San Francisco, you will find it difficult to walk more than a few blocks in central S.F. without encountering a major construction project. It seems that every decrepit low-rise […]
Condo sales with no cash down payment proposed by B.C. developer
Condo sales with no cash down payment proposed by B.C. developer Buyers would get a discount, which would become a virtual down payment Townline wants to sell condos in The Strand development in Port Moody, B.C., to buyers who don’t have the cash for a down payment. (Townline) A B.C. developer wants to sell condos […]
