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A recent study by Georgia State University researchers found that three corporations own more than 19,000 homes in Atlanta’s five metro counties.
A car rammed into the Chinese Royal Palace where Xi Jinping’s main office hall and residence are located An unknown individual attempted to use a vehicle to forcefully enter the main office hall and residence of Xi Jinping within the Chinese Royal Palace in Beijing, China. The driver was quickly …
🚨 BREAKING: Federal Reserve Chair Jerome Powell‘s alarming statement from today: „THERE WILL BE BANK FAILURES!“ Seems like he knows exactly what will happen when BTFP ends on Monday March 11th! ⏰ The new era is called crypto and it’s waiting! #XRP pic.twitter.com/ERadTiMcML — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) March 7, 2024 ALERT: …
“The city manager said two people turned down a six-figure job after not being able to find housing” If you had read this headline 5 years ago you would have thought it was satire pic.twitter.com/wlGwYP4Q5L — Amy Nixon (@texasrunnerDFW) March 6, 2024 In a twist that sounds like satire but …
Maverick Kyle Bass has divulged his latest real estate conquests, shedding light on where the smart money is flowing these days. The famed investor, renowned for his audacious bet against the housing market in 2008, is once again lending his advice to Wall Street. In a sit-down with Clay Fink …
Chinese property giant Country Garden is in trouble after a creditor filed a petition to liquidate the real estate company over unpaid debt. Country Garden Holdings Co. faces a liquidation threat over unpaid debts, it was reported on Wednesday. The turmoil comes amid a prolonged property slump in China, with …
Anything to get Joe re-elected bro — Not Jerome Powell (@alifarhat79) February 27, 2024
by confoundedinterest17 Director John Carpenter had two films, “Escape From New York” and the less popular “Escape From LA.” Carpenter’s vision of a dystopian future with Manhattan as a prison island, filled with criminals and Los Angeles as a just a weird, dystopian area filled with gangs and sleazebags. Apparently, Carpenter read George Orwell …
ATTENTION: Housing defaults have just hit the highest levels since 2013 This is now starting to look scary pic.twitter.com/IP2J3mCYHs — Bravos Research (@bravosresearch) February 18, 2024 Home prices just saw the largest year-over-year decline, dating back to 1964: https://t.co/kn2vAsyI15 — Reef Insights (@ReefInsights) February 20, 2024 Na pic.twitter.com/eBLQWa1HGM — Darth …
BREAKING: Illegals ass*ult NYPD officers in the Randall’s Island migrant housing facility pic.twitter.com/VjsG0iX3f5 — Libs of TikTok (@libsoftiktok) February 20, 2024 The last group who asaulted officers were let out that week with low bail amounts. What’s stopping more of them from committing the same crime? — Libs of TikTok …
Authored by Charles Hugh-Smith via oftwominds, Unleash the powers of unlimited credit and excess capital on a limited, essential resource such as shelter and this is what we end up with: artificial scarcity, rent-serfs and half-vacant neighborhoods owned by absentee landlords. Ideologies sound wonderful in the abstract, but run aground …
US Housing: 99% Of Americans Cannot Afford To Buy a House in 2023 The US housing is now beyond reach for the average American as prices have skyrocketed in the last four years. According to a new report, 99% of Americans cannot afford to buy a house anywhere in the …
The 2008 US housing market crash stands as one of the worst collapses in economic history — and its lessons remain relevant as China deals with its own real estate crisis. Beijing is facing a narrow policy path toward an economic rebound this year, and the International Monetary Fund has …
As the housing crisis deepens, the corrosive impact of Airbnb on communities becomes increasingly evident. With over 1,000 San Diegans falling into homelessness each month, the question arises: How many Airbnb properties sit empty, exacerbating the crisis? Complicating matters further is a colossal loophole in the ordinance meant to regulate …
Regional bank share prices have tumbled since New York Community Bancorp (NYCB) reported surprisingly large losses on real-estate loans. Don’t blame this mini-bank panic only on underwater office buildings. Primary culprits are Albany’s destructive rent-control laws. NYCB last month reported $552 million in credit losses, including a $185 million charge-off …
Celente, a heterodox thinker whose vast body of work includes predicting, among other things, the Great Recession, likens the contemporary financial system to the plantation economy, only circumstances are far more propitious for today’s plantation owners because they don’t lodge and feed their serfs. “You get a job at Walmart …
Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country’s overall growth. That’s according to the International Monetary Fund’s latest staff report on China, completed in late December and released Friday. The prediction …
Over the weekend, a building housing three of the most prominent conservative organizations in Minnesota was set on fire. It’s being investigated by the ATF as arson. Over the weekend, a building housing three of the most prominent conservative organizations in Minnesota was set on fire. It’s being investigated by …
by confoundedinterest17 Joe, are you kidding about the sizzling economy? Karine Jean Pierre is also guilty of comedy or gross propaganda. So right up front – and the Fed has been talking about this, though no one listens: The “core services” PCE price index has gotten stuck at 3.5% over the past …
A recent Axios survey reveals a significant shift in economic priorities, with 88% of respondents emphasizing gas, groceries, and housing costs over stock market performance. Moreover, 37% rate their financial situation as poor, signaling widespread challenges. This data prompts a reevaluation of traditional economic indicators, urging a focus on the …
via Mike Shedlock: There’s a recurring claim that the price of rent will decline as soon as the near-record number of housing units under construction are completed. Let’s investigate the claim. Housing units completed from the Census Department, Rent of Primary Residence from the BLS, chart by Mish. The price …
via Mike Shedlock: Housing starts and permits continue to flounder as completions slowly rise. Housing data from Census Bureau, chart by Mish. Housing starts dropped 6.6 percent in December according to the Census Bureau’s New Residential Construction Report. Building Permits Privately-owned housing units authorized by building permits in December were at …
by Mike Shedlock More of This for More of That The GOP House Ways and Means Committee supports expanding child tax credits and an affordable housing expansion. In return, Democrats will allows the GOP to extend immediate 100% depreciation of specified investments. As an added bonus (I wonder who fought …
Hold onto your hats, Austin – the housing market saga just took another twist, and it’s not for the faint of heart. According to a tweet by @nickgerli1, despite a jaw-dropping 16% drop in home values from the mid-2022 peak, the reality check hits harder. Real estate in Austin is …
Canada finds itself perched on the edge of a substantial housing bubble, sustained by an open immigration policy straining the nation’s infrastructure. As the housing market remains inflated, experts warn of an imminent Minsky Moment, signaling potential economic instability. The situation is exacerbated by alarming statistics on household debt, which …
One problem is that they allow residential condos and housing to be bought by off shore individuals, which then sit vacant or be used as short term rentals. This money is coming from places like HK and Macau. It's driven up prices on the west coast and Toronto for that …
The housing crisis intensifies as Wall Street-backed corporate landlord, Invitation Homes, acquires 264 homes in Las Vegas for $98 million. This mega-deal is part of a $650 million exchange, involving nearly 1,900 single-family rental homes between Starwood Capital and Invitation Homes. With 3,500 homes now owned in Clark County, Invitation …
by confoundedinterest17 Bidenomics has cast a gloom over the housing market. Mortgage rates up 130% under Biden while housing prices have soared. For the average American, 2023 was the worst year ever for housing affordability—and now there’s more data to back it up. According to Redfin data analyzed by Creditnews …
Diversity Offices on College Campuses Will Soon Be Illegal in Texas Lukeville Port of Entry Turns Into Garbage Pile After 80,000 Illegals From Africa, Middle East, Latin America Pass Through Migrant encounters at southern border hit record 302K in December, sources say
This is what a concentrated market looks like The top 10 stocks make up a staggering 35% of the S&P 500 index Such an elevated level was last seen during the Dot Com bubble pic.twitter.com/9Yeez17XMl — Bravos Research (@bravosresearch) December 25, 2023 Home prices may pick up speed after the …