
Peter Schiff: Banks Have A Bigger Real Estate Problem Today Than They Did in 2007
• https://www.zerohedge.com by Tyler DurdenBanks are more vulnerable to the housing market now than they were in 2007.
ON AIR NOW
Click to Play
Banks are more vulnerable to the housing market now than they were in 2007.
Rent control sounds like a good, humanitarian idea. Certainly, few if any tenants would quarrel with this policy. Nor would any person of good will, given the recent skyrocketing of rents.
Prices are falling in pandemic boomtowns like Austin, Texas; Ogden, Utah; and Boise, Idaho.
Peter Thiel's floating city in French Polynesia. Elon Musk's self-sustaining city on Mars. Bill Gates' smart city in Arizona.
People are upset over the homelessness problem in American cities.
-landlords have no choice but to offer concessions "With vacancies on the rise, some landlords are doling out one-time discounts to attract renters while maintaining high asking rents on paper"
Here's when 9 experts say it's going to happen.
"It is difficult to get a man to understand something, when his salary depends on his not understanding it."
A new Redfin report Friday revealed the latest rumblings of a worsening housing affordability crisis. It showed the number of residential real estate deals that fell through in August surged to the highest level in a year.
A group of renters in the expensive California suburb Berkeley stormed an event where landlords were celebrating the end of a COVID-era ban on evictions, plunging the event into violence and sparking a brawl that saw an elderly landlord get punched i
...Lowering Effective House Prices in a Big Way, but Don't Get Picked Up by House Price Data
...Worst Decline Since Recessions Of 1970 And 2008 (Higher Mortgage Rates + Tighter Mortgage Credit Box = Heartaches On Heartaches!)
Hawaii's chief housing officer, Nani Medeiros, announced plans to resign claiming that she and her family were threatened over a potential land grab by the state. Hawaii Governor Josh Green's 'Build Beyond Barriers' program was created under
Hawaii's chief housing officer, Nani Medeiros, announced plans to resign claiming that she and her family were threatened over a potential land grab by the state. Hawaii Governor Josh Green's 'Build Beyond Barriers' program was created under
China's Country Garden had big ambitions for its luxury Malaysian high rises, but the development is regarded as a 'ghost city' nearly a decade after construction began
Higher interest rates are absolutely strangling the real estate industry, and there is no relief in sight.