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Tag Archives: Real estate
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months Back in March, we explained why the “fate of the world economy is in the hands of China’s housing bubble.” The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it […]
Too Good For Too Long
Shutterstock Too Good For Too Long Over-extended systems contract quickly & violently I’m writing this from my home in Sonoma County at the end of an intense week of witnessing firsthand the devastation caused by the many current fires burning in northern California. While it’s hard to focus on anything other than the moment-to-moment developments […]
Only China Can Restore Stability in The Global Economy
Only China Can Restore Stability in The Global Economy Fan Ho East meets west 1963 For those of you who don’t know Andy Xie, he’s an MIT-educated former IMF economist and was once Morgan Stanley’s chief Asia-Pacific economist. Xie is known for a bearish view of China, and not Beijing’s favorite person. He’s now an […]
The 5 Biggest Bubbles In Markets Today
The 5 Biggest Bubbles In Markets Today Bubbles aren’t new—they’ve been around since Dutch tulips—but it’s only recently that they’ve worked their way into the average investor’s lexicon. That’s probably because bubbles happen much more frequently these days. We never used to get a giant speculative bubble every 7–8 years. But that has been the […]
Sorry Vancouver, But Toronto Is The King Of Risky Mortgage Debt
Sorry Vancouver, But Toronto Is The King Of Risky Mortgage Debt Canadian real estate values continue to soar, and a record number of buyers are piling into risky loans. According to the Bank of Canada (BoC), and the Ministry of Finance (MoF), high ratio mortgage borrowers are extending themselves to the limit. While we covered […]
So China’s Authorities Crack Down on Housing Speculation?
So China’s Authorities Crack Down on Housing Speculation? Who’s Behind China’s Wild House Price Bubble? State-Owned Property Developers, Funded by State-Owned Banks. Beijing’s municipal government summoned representatives of state-owned property developers on Monday and told them to stop hyping the already overheated housing market, according to the portal, Chinese Real Estate Business (CREB), cited by […]
A Murderous Complacency
A Murderous Complacency Dark omens are circling everywhere in today’s markets murder: a flock of crows ~ Miriam-Webster dictionary Many view the appearance of crows as an omen of death because ravens and crows are scavengers and are generally associated with dead bodies, battlefields, and cemeteries, and they’re thought to circle in large numbers above sites where […]
When Assets (Such as Real Estate) Become Liabilities
When Assets (Such as Real Estate) Become Liabilities December 27, 2016 It will be the middle class that accepted the notion that “real estate is the foundation of family wealth” that will be stripmined by higher taxes on immobile assets such as real estate. Correspondent Joel M. submitted an article that struck me as a […]
“War, Confiscation Or Redistribution” – An Anecdote On Systemic Reset
“War, Confiscation Or Redistribution” – An Anecdote On Systemic Reset Excerpted from One River Asset Management’s Eric Peters’ comments… Anecdote: “People work in order to convert their time into a unit of account,” he said. “We call that money, and it’s an invention that allows us to store time.” Most people have stored little or none. […]
This Will Be Largest Evaporation of Wealth in Modern History
This Will Be Largest Evaporation of Wealth in Modern History It’ll devastate China’s economy and reverberate around the world Only a handful of countries have a higher savings rate than the Chinese do. For a still relatively poor emerging country with GDP per capita about a fifth of that in the U.S., the Chinese get […]
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 […]
Norway’s Interest Rate Conundrum
Norway’s Interest Rate Conundrum Current Situation The ECB recently stimulated more than expected, cutting rates by five basis points and expanding quantitative easing. It is already expected that Norges Bank (The Norwegian Central Bank) will cut rates next week, seeing accelerating inflation as temporary. They have a 2.5% inflation target mandate “over time,” giving them lee-way. They see demand […]
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” […]
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics The Triumph of Politics All of life’s odds aren’t 3:2, but that’s how you’re supposed to bet, or so they say. They are not saying that so much anymore, or saying that history rhymes, or that nothing’s new under the sun. More and more theys seem […]
