A hub for independent voices and hard truths
Despite the recent market-rescue efforts, Chinese real estate is now seen as the number one source for the next global credit event among investors surveyed by Bank of America Corp. (Bloomberg) — A spurt of home sales in China’s biggest cities is losing momentum less than two weeks after authorities …
by Martin Armstrong A leaked memo from June 2022 reveals that Canada’s Justin Trudeau was warned that the mass influx of immigrants would exacerbate the housing crisis. “There is broad agreement among experts that homebuilding has been insufficient in comparison with housing demand in recent years, particularly with the increase …
NEW YORK CITY – Another bus full of asylum seekers pulled up Wednesday night to the Port Authority Bus Terminal, and as more families arrive in New York City – single adult migrants were shuffled around to new locations. One woman, who only went by her first name, “Rosa,” told …
Teachers in Portland, Ore., are on track to strike if their school district refuses to provide subsidized housing for poor public school students and lobby for expanded rent control, an approach that has led to school shutdowns in other liberal cities as powerful teachers’ unions pursue left-wing priorities. After months …
“As Canadian, I strongly believe that this country will face one of the biggest collapse in housing bubble. This government, speculators could try to delay it, but no one could stop it. The fact is here, and no one can deny ! History repeats itself, is chosen. It has begun!” …
British Columbia and Ontario premiers beg for the Bank of Canada not to raise rates. Ontario Premier Doug Ford is asking the Bank of Canada to stop hiking interest rates, saying Ontario families and businesses are struggling to get by and can’t afford another increase. The bank has raised rates 10 …
by confoundedinterest17 You know Bidenomics isn’t working at all when the best I can say about it is … the current housing bubble isn’t as bad as the house price bubble of 2006. We are truly in Biden’s ShamWow economy! Yes, if I look at real home prices less real median …
“The most incredible part about housing affordability? How much worse it is outside of the US. In New Zealand, it costs 250% more to buy than rent. In Canada, it costs 230% more to buy than rent. In Australia, it costs 150% more to buy than rent. In the UK, …
by Chris Black The real problem is diversity and real estate speculators. Whites fleeing chocolate cities and expensive rents means tons of high rises in midsize urban enclaves are completely em… Continue reading by subscribing. Username Password Remember Me Forgot Password
Amidst harsh criticism of the Biden administration and Hawaii government officials for their response to the devastating and deadly Maui fires, the Hungarian government has reportedly stepped up to provide shelter for 250 Maui families. There had been ample warning of the serious risk of wildfires and millions of dollars available …
I’m just sick after watching this. My sister is a housing officer in the UK. Lovely 4-bed houses instantly given to immigrants while locals live in overcrowded slums. And the immigrants scam the system, have multiple homes, register in more than one borough… The arrogance on this woman’s face, clearly …
via Mike Shedlock: Some deny there is a housing bubble. I believe the bubble is obvious. Case-Shiller home price index and Real Disposable Income via St. Louis Fed, chart by Mish. Chart Notes Case-Shiller is a measure of repeat sales of the same house. This is a far better measure …
by FATKEDLUVSCAKE As you all know the world is in one massive housing bubble. We have all seen the massive Evergrande completely collapse. Institutions like Charles Schawb jacked to the tits on mortgage back securities to the tune of 180 billion plus. These CDOs that they could have sold but …
Canada likely sitting on the largest housing bubble of all time: Strategist The Canadian housing market is at high risk of unravelling, according to one expert. The level of debt that Canadians have taken on in comparison to their incomes has put many in a precarious position should mortgage rates …
by confoundedinterest17 The Talking Heads said it best. Bidenomics is burning down the housing market. Bidenomincs (or trying to recover from Yellenomics) is responisble for interest rates rising to flight inflation and the collapse of mortgage lending. And she was … Janet Yellen. Mortgage demand (applications) decreased 4.2 percent from one week …
by mrmrmrj Everything is fine. Really. This is BEFORE student debt repayments begin again in September. When payments resume, defaults will skyrocket. The entire program is a disaster in slow motion. People will choose housing, rent, food and utilities and likely default on their… pic.twitter.com/W4xIxbx3o0 — Wall Street Mav (@WallStreetMav) …
1. Adjusting for inflation, home prices are up 118% since 1965, while median household income has increased by just 15%. (2/9) pic.twitter.com/NeogOIDjIu — The Kobeissi Letter (@KobeissiLetter) August 21, 2023 Worrying Sign Not Seen Since the Great Recession: Mortgage Rates Could Hit 8% Mortgage rates exceeding 7% are straining the …
The fraud in the housing market is likely at an epic scale. https://t.co/K9NXaFXpXM — Darth Powell (@VladTheInflator) August 21, 2023 Reminder, the Federal Reserve from January 2023 found that there is so much occupancy fraud in the housing market that if they were counted correctly, it would increase the number …
This week, mortgage rates in the US hit their highest since 2001. We are well above the 2008 highs and rising. After the Fed minutes were released today, rate expectations increased. Bumpy road for homebuyers. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) …
from the maui county planning website there is alot of information to be found on the link for county planning THIS IS LONG https://files.hawaii.gov/dbedt/op/spb/Maui_CEDS_draft_2022.pdf pull the PDF , ctrl f search Ohana Other: (1 each) Innovative transit and transit-oriented development; Remove “no ‘ohana” restrictions in developments; Focus building in appropriate locations …
by confoundedinterest17 “Ice Cream Joe” Biden is at Lake Tahoe for a week, probably to avoid being asked questions about his tin-ear respoonse to the tragic Maui fires that have killed 106 people so far. Instead, Joe is inappropriately chuckling (showing he doesn’t care!) and taking photo ops of him …
via Mike Shedlock: The National Association of Homebuilders (NAHB) Housing Market Index (HMI) resumed its slide in August. Traffic remains in the gutter. The NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks …
"Half my paycheque goes to groceries alone" 🚨🚨🚨 Canadian housing and basic things like groceries are unaffordable. 🔊 pic.twitter.com/XnG7b4vijM — Wall Street Mav (@WallStreetMav) August 14, 2023
https://twitter.com/theyhatemetoo/status/1690114764704481281 Homebuyers spend 40% of income on mortgage, exceeding 2008 high. Homeowners are now spending a record 40% of their gross income on their mortgage. This is ABOVE the 2008 high of 39% and up sharply over the last 2 years. After paying income taxes and mortgage costs, most homebuyers …
There is a massive housing owner occupancy fraud scheme being unearthed and the more I review, the worst the news gets "They are 75% more likely to default on their mortgages than declared investors. And they are more likely to default than true owner-occupiers, too. This makes… pic.twitter.com/lpkup3F4ln — Darth …
Vaughan home prices and home sales tank in July. The spring real estate market in Vaughan comes to a grinding halt. Bank of Canada’s 2 rate hikes have slowed the whole GTA market down. Homes sales in Vaughan drop 46% and detached homes in Vaughan drop over $130,000 in just …
https://twitter.com/Econimica/status/1686999658483314688 Stages of a Super Bubble (used S&P 500 from 2010 to 2023). There's nothing to fear, Minsky Moment is here… pic.twitter.com/tdc025i3pd — Minsky Moment (@BP_Rising) August 2, 2023 https://twitter.com/Econimica/status/1686861898225246208
The UK housing market sees weak activity caused by rising interest rates, pushing mortgage rates above 6 percent for home buyers and existing mortgagors looking to refinance. British house prices fell by the most since 2009 in the 12 months to July, according to mortgage lender Nationwide, as the drag …
Source : UK Property: Sellers More Open to Price Cuts as Costly Mortgages Hit Demand – Bloomberg h/t DesmondMilesDant
