Ouch! China’s property stocks are back to 2008 lows.
Ouch! China's property stocks are back to 2008 lows. pic.twitter.com/pge6UoKBkC — Ayesha Tariq, CFA (@AyeshaTariq) September 6, 2024
property,
Homeowners across Maine left shocked at sudden property tax spike
Municipalities break down the changes as several towns adjust outdated property tax rates and rising town budgets.
Financial Times: China’s $70bn property rescue plan limps off starting line.
Bullet point summary: Credit demand has slumped, with new renminbi loans to the real economy turning negative for the first time since 2005 in July. The slow take-up comes as policymakers have struggled to stabilize the real estate sector, undermining household confidence in a country where property accounts for most of people’s wealth. Only 10% of …
Perfect storm is sinking markets. Wall Street banks are hiding bad property loans.
Worries about the economy and a seemingly slow-footed response from the Fed, along with concerns over corporate earnings, dragged markets Monday. Put that against the backdrop of a stock market with high valuation, and it had all the makings of a sell-off waiting to happen. “It’s just a perfect storm of slowing growth, crowded positioning …
Florida woman has to sell house after property tax bill soars 174%
Tamra Ransom thought she was one step closer to her American Dream when she purchased her home in Polk county, Florida in May 2023. But less than a year later, she had already listed her property — which she pumped all her savings into — for sale. What caused that sad and sudden u-turn? A …
Property fraud allegations surge as commercial real-estate values fall, exposing schemes and shaking the $4.7 trillion industry.
via WSJ: U.S. prosecutors are cracking down on commercial mortgage fraud, a growing push that is sending shudders through the $4.7 trillion industry by raising questions about the numbers underpinning major property loans. Regulators and federal prosecutors say that property loans based on doctored building financials and valuations have been rising. This type of fraud …
Better Off Than 3 1/2 Years Ago? Home Prices Up 34% Under Biden (Rising Property Taxes And Home Insurance), Mortgage Rates Up 147%, Rent CPI Up 5.3%
by confoundedinterest17 In politics, it is usually discussed whether you are better off today than 4 years ago. Well, not if you are a renter or need to buy a home with mortgage financing. If you are a homeowner, you are better off in terms of home equty. With the Case-Shiller National home price index …
Arkansas Governor Sarah Huckabee Sanders signs law reducing property and income taxes.
BREAKING: Arkansas Governor Sarah Huckabee Sanders has signed a law drastically reducing property & income taxes, and plans to get rid of the income tax altogether soon This is her third tax cut as governor and has done so without cutting any agencies, foolproof that government… pic.twitter.com/P1kmnaUisz — George (@BehizyTweets) June 21, 2024 Arkansas Gov. …
China Property Drag Is Getting Worse, Factory Output Disappoints.
Among a slew of data published on Monday, analysts latched onto the bad news from the property market, which has been the biggest drag on China’s economic growth. Declines in real estate investment and home prices both gathered pace last month. Industrial production rose 5.6% from a year earlier, the National Bureau of Statistics said, …
Naked man walks on anothers mans property and approaches his 2 yo son and cops say its completely legal
Furious dad confronts cops over law that allows adults to walk around naked in front of kids in Oregon An Oregon man raged at a police officer during a disagreement over state laws permitting public nudity in front of children. Thomas Collins, a father from Bend, Oregon, filmed the heated confrontation after a naked stranger …
‘We just can’t take this anymore’: Montana man, 68, begs for ‘moratorium on property taxes’ after his bill reaches $8K a year just ‘to live in our own house’
Kurt claims that over the last couple of years, his annual property taxes have soared from $895 to almost $8,000 — an increase of around 790% — which he says is like paying almost “$700 a month rent to the state to live in our own house.” The state has an Elderly Homeowner/Renter Tax Credit, …
Elderly worker forced to toil just to afford skyrocketing property taxes.
A 68-year-old American on Social Security shares their struggle with skyrocketing property taxes, which have risen from $895 to nearly $8,000 annually. Working tirelessly to cover these taxes, they express frustration at being unable to afford the home they’ve owned since 1995, highlighting the plight of many unable to afford to live in the places …
US wage growth lags behind inflation, worsening affordability crisis for Americans. More people are turning to distressed property auctions to purchase a home.
Despite modest wage growth, the gap between income and the cost of living continues to widen in the US, making essentials like homeownership increasingly out of reach for many. As a result, more individuals are turning to innovative solutions like online property auctions to navigate the challenging market landscape. Affordability in the US is getting …
The New Asian Crisis: China’s real estate meltdown hits family wealth; 70% assets tied to property. 34 top developers in default.
China's Real Estate Collapse At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property. Towards the end of last year, 34 of the top 50 Chinese property… pic.twitter.com/owUbTR8RjW — Reef Insights (@ReefInsights) …
China defends yuan amid dollar pressure; Chinese silver hits limit up; Property downturn escalates, raising state banks’ bad loan ratios.
China Maintains Yuan Defense After Currency Nears Red Line (Bloomberg) — China stuck to a pattern of keeping yuan weakness contained as pressure from a resilient dollar and poor investor sentiment pushes it toward a policy red line. The People’s Bank of China kept its daily reference rate for the managed currency broadly unchanged, implying …
US homeowners experience 6.9% property tax rise in 2023, averaging $4,062, per ATTOM report.
Bidenomics: 🔥🔥🔥 pic.twitter.com/fDhspiCxYK — Wall Street Mav (@WallStreetMav) April 5, 2024 US Homeowners See Biggest Property Tax Rise in Five Years Levies rose 6.9% in 2023, nearly twice the gain a year earlier Report from ATTOM shows average tax climbed to $4,062 US homeowners paid more than $4,000 in property taxes on average last year, …
An American citizen is being grilled in court for defending her property against armed illegal migrants.
Instead of protecting her rights, the system seems to be failing her. It’s a sad state of affairs when law-abiding citizens are punished for defending themselves and their property. Arizona State's Attorney Grills American Woman In Court Because Her Husband Defended Their Property Against ARMED Illegal Migrants Illegal Mules were walking on her property, dressed …
Gold scams rising in China as middle-class investors seek safe-haven assets amid weak stock market, property crisis
Earlier this month, a Beijing-based franchise of a well-known gold brand was sued for fraud in a scheme that had allegedly cheated more than 70 investors out of over 60kg (132 pounds) of gold, the National Business Daily reported late last month. The case is ongoing. Some victims claimed they had invested in gold bars …
Nationwide credit card delinquency coincides with declining U.S. personal savings and a spike in NY property tax delinquency.
Highest YoY Rise in Credit Card Delinquency Rates Below, you'll find a chart showing the year-over-year (YoY) change in credit card delinquency rates. As of Q3 2023, the YoY change stands at 43%. This rapid rise has never occurred. Credit card delinquency rates are currently… pic.twitter.com/FUWyLsmsvW — Reef Insights (@ReefInsights) February 12, 2024 U.S. 🇺🇲 …
China’s property crisis is bleeding into its banking sector, which is being asked to prop up developers
Non-performing loans at China’s big four banks — Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China — jumped 10.4% in 2023, from 1.117 trillion Chinese yuan, about $155 billion, in 2022 to 1.23 trillion yuan. This is according to a Nikkei analysis based on the companies’ …
Chinese banks face rising property bad loans: Bank of Communications’ ratio surged to 4.99%, Industrial & Commercial Bank saw a 9.6% increase.
“#China: Bank of Communications reported that its property bad loan ratio jumped to 4.99% at the end of last year from 2.8% a year earlier. Industrial & Commercial Bank of China saw its bad loans from residential mortgages rise 9.6% to 27.8 billion yuan. We know that the property sector (as outlined in a 2021 …
Frank Luntz — If Letitia James seizes Trump property, the election is over. Trump will automatically win.
NEW: Frank Luntz Warns CNN Seizing Donald Trump's Properties Will Backfire: "You Are Going to Elect Donald Trump" "He’s going to go up in the polls just like he went up every single time they indicted him." "If the New York Attorney General starts to take his homes away, starts… pic.twitter.com/HwyPiO5fGP — KanekoaTheGreat (@KanekoaTheGreat) March …
The city will become a big squatter camp, anyone that still owns property there is an idiot
BREAKING: NYC homeowner is arrested for changing the locks of her home to kick out squatters who broke in. In New York, people illegally living in your property automatically become the legal tenants after 30 days. NYPD police arrested Adele Andaloro for unlawful eviction of… pic.twitter.com/YyaMxCe7wy — End Wokeness (@EndWokeness) March 19, 2024 INSANITY USSA: …
Study reveals police can enter 96% of private land without warrants, undermining property and privacy rights.
Police can traipse onto the vast majority of private property in the country without a warrant thanks to a century-old Supreme Court decision, according to a new study by the Institute for Justice, a libertarian-leaning public-interest law firm. In a study published in the spring 2024 issue of Regulation, a publication of the Cato Institute, Institute for …
Denver offers property owners to house migrants, up to $2,000/month. Over 40,000 migrants arrived since 2023
Property owners in Denver are being asked to rent their places out to migrants as the Colorado city shuts down four public-run shelters. The Mile High City’s migrant services issued an email this week to property owners in the area seeking assistance in housing the city’s “newcomers” to get them out of shelters and into …
San Diego Proposes Ordinance to Ban Homeless Tents on Public Property
San Diego City Councilman Stephen Whitburn, with the support of Mayor Todd Gloria, proposed a new ordinance on Thursday to ban tents and other makeshift structures from public property while also not giving them a chance to say “No” to any city official demand to move. Recent reports found around 4,800 homeless within San Diego, …
US Government Asking Neighbors To Use Their Property To Spy On Commercial Fisherman…
Commercial Fisherman Say They Stand With Raided Amos Miller Organic Farm Because The Same Thing Is Happening To Them 🚨 US Government Asking Neighbors To Use Their Property To Spy On Commercial Fisherman Because They’re Selling Fish “That wasn't raised in a pen, that isn't full… pic.twitter.com/XEmlW14Lps — Wall Street Apes (@WallStreetApes) March 3, 2024 …
Trump faces YUGE Losses From Asset Sales During Property Slump – Value of 40 Wall St. worth 50% less now
The timing couldn’t be worse for Donald Trump as he faces the prospect of having to sell property to cover a massive verdict against him. The former president said in a court filing Wednesday he may soon need “to raise capital under exigent circumstances” to push ahead with an appeal of New York state’s $454 …
China’s property crisis involves gifts for homebuyers, a debt of hundreds of billions, and trillions in local government debt.
Desperate property developers in China have resorted to gifts like new cars, free parking spaces, phones and other consumer goods to attract homebuyers and boost flagging sales. These incentives are just the tip of the iceberg in a crisis involving hundreds of billions of dollars in home builder debt, trillions in local government debt and …