A hub for independent voices and hard truths
The real estate sector has been deteriorating amidst an unprecedented rate hike cycle Yearly change in home prices has been sharply dropping from its highs, similar to the 1979, 1990 and 2006 pic.twitter.com/HgQNr18wzk — Bravos Research (@bravosresearch) July 27, 2023 We may be in for protracted home price retracement Rather …
via JOHN RUBINO: Rising interest rates don’t hit everything all at once. Some sectors feel the pinch immediately while others keep chugging along, seemingly oblivious to tightening money. But eventually, the pain spreads far enough to hurt and/or scare everyone, which brings on the cycle-ending recession and bear market. That …
https://twitter.com/BernieSpofforth/status/1682283846761324544
The commercial real estate crash is happening.📉 Values for office, retail, and apartment buildings are already down -11%. Morgan Stanley thinks values could crash -40% when all is said and done. Big problem for US Economy. pic.twitter.com/iA64qrjfsS — Nick Gerli (@nickgerli1) July 10, 2023 2) We're already seeing owners of …
Margins are falling across more sectors. Are companies getting less greedy? Or are they more attuned to less intense demand for their goods/services, better supply, and the potential to lose market share? From @greg_ip on 'greedflation'https://t.co/w5UjBVQhR3 pic.twitter.com/7E4rJhW6yH — Nick Timiraos (@NickTimiraos) July 6, 2023 But despite all that, things are …
by AC Folks, homes are not selling right now.. we had an ok q1 and up to 4 weeks ago things were selling. In most areas I cover we might sell 1-3 homes a week, normally 20+ 10 year yield above 4%! Real estate is still in troubles, new cuts …
“The urban doom loop is accelerating. As commercial buildings empty and default, tax revenue declines, defunding city services like police, fire safety, and more.” The urban doom loop is accelerating. As commercial buildings empty and default, tax revenue declines, defunding city services like police, fire safety, and more. 🔊 https://t.co/ZO4wb5w9zu …
It’s a bunch of kids out of college running the models Maybe they have a shot at figuring it out h/t B3stAuD1t0rofA11tiME
by Martin Armstrong Dutch researchers at the University of Amsterdam and Erasmus released a study entitled “Buy-to-Live vs. Buy-to-Let: The Impact of Real Estate Investors on Housing Costs and Neighborhoods.” The study examined a legal Dutch ban on buy-to-let or rental investments. Researchers studied home prices, sales, and the demographics of residents …
via naturalnews: Regional banks are currently scrambling to sell down their commercial real estate loan portfolios to minimize their risk amid fears of more bank runs like those seen late last year. The stress seen in the commercial real estate sector right now is weighing heavily on banks and regulators alike, and …
by confoundedinterest17 Between work at home, Bidenflation and The Feral Reserve, commercial real estate and regional banks are suffering … and it could get a lot worse. And Joe Biden (aka, Negan) in general. Living in Negan Country! By Kevin Stocklin, Epoch Times The work-from-home trend has been taking its toll on …
by Michael What is going to happen to our banking system as trillions of dollars worth of commercial real estate loans go bad? Many months ago, I warned that the greatest commercial real estate crisis in U.S. history was coming. At the time, a lot of people didn’t believe me …
by Simian_Stacker lololololol pic.twitter.com/9eHXg1CN6v — KKGB (@INArteCarloDoss) June 6, 2023 Banks Cutting Losses on Distressed Office Loans Earlier this year, RXR dropped a bomb on New York commercial real estate. CEO Scott Rechler signaled that his firm might hand lenders back the keys of two office towers that he likened …
Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real estate market, per FT. — unusual_whales (@unusual_whales) June 6, 2023 Good Morning Everyone! Delinquencies spiked …
by flaming_pope You know it by heart now. “Californians are being forced to flee California.” And in the exact same breath. “OMG, everyone’s buying homes with CASH.” “The housing market’s booming right now!” Let me rectify your observations for you. Cash strapped Californians are not “forced” nor “fleeing.” They’re conquering your neighborhood and causing …
by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230601a1.pdf Under the proposed rule, the agencies would require institutions that engage in covered transactions to adopt policies, practices, procedures, and control systems to ensure that AVMs adhere to quality control standards designed to ensure the credibility and integrity of valuations. The proposed standards are designed to ensure …
Guest Post by Michael Maharrey at SchiffGold.com: Could the commercial real estate market be the next thing to break in this bubble economy? The rampant money creation and zero percent interest rates during the COVID pandemic on top of three rounds of quantitative easing and more than a decade of artificially low …