China’s Ghost Cities and the Asian Real Estate Bubble
After meandering throughTom Woods’ blog I saw this 60 Minutes video he posted about the Chinese ghost cities. This isn’t like the North Korean city of Kijŏng-dong, which was built by Kim Il-Sung with no intention of every… Continue reading
Effects of QE3 in the Housing Market
In yet another attempt at jump starting the economy, the Federal Reserve’s latest major stimulus action, known as QE3, is likely to have less effect on the housing market than Fed Chairman Ben Bernake would hope.
QE3, shorthand for the third “quantitative… Continue reading
A Case Study in Government Stupidity: Cincinnati, OH
The names and pictures of this building and those involved have been changed to protect the identity of the stupid.
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We all know the government has a bad habit of spending an ungodly amount of money for no good… Continue reading
Gurunomics
In the real world I work in real estate investment (yes, it’s been an interesting ride over the past couple years). Like just about every other industry, it’s important to educate yourself about the field. Unfortunately, while there is a… Continue reading
Household Formation Discouraging Sign for the Housing Market
As if the employment issue, 11 months of housing supply on the market, and an estimated 6 million houses waiting in the wings as “shadow inventory” wasn’t enough bad news for the real estate market, consider this: household formation has… Continue reading
Existing Home Sales Fall Sharply
I predicted back in March that the housing market was in for another significant decline as the first time home buyer tax credit expired, option ARMS were about to reset and banks were accumulating large stocks of shadow inventory. Unfortunately,… Continue reading
The Impact of Housing Fraud on the Real Estate Market
By Cesar Zambrano at ForexFraud.com
During the middle part of this decade the United State housing market was the talk of the town. Real estate was the asset for many investors to buy. Homes were appreciating at such a high… Continue reading
Swift Wits: The Best Stock Over the Last 5 Years Was… Priceline?
Once described as “a giant succubus that takes your money” on Saturday Night Live by a William Shatner impersonator, Priceline has made a huge comeback.
According to MSN Money Priceline has been the best stock over… Continue reading
Housing Is NOT About to Recover Says Dean Baker
Here Dean Baker discusses why the housing market recovery is nowhere near sustainable: Continue reading
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