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Prices Have Now Fallen From The Peak With Many Signs Pointing To Further Declines

This Post Has 5 Comments
  1. From the first 10 minute video:

    New Zealand’s Housing Market Crash Could Spell Disaster for Australia
    Biko Konstantinos
    Mar 20, 2023
    New Zealand’s House Prices are collapsing which is a major warning for the Australian Housing Market. The New Zealand median house price has now fallen 16% from the peak with many signs pointing to further declines. Considering Australia saw the same speculative house price boom post COVID, we could be in for a similar fate to New Zealand’s housing crash.

    The second 7 minute video:

    Orlando & Central Florida Real Estate Market Forecast March 2023
    Living In Orlando – Jacquie Sosa & George Philbeck
    Mar 20, 2023
    Looking to buy or sell a home in Orlando? The market is always changing, so it’s important to stay up-to-date on the latest trends. In this video, we take a look at the Orlando & Central Florida real estate market forecast for March 2023. You’ll learn about home values and what to expect when selling your home.

  2. So, how popular is the BBB? Well, in a surprising upset, and amid the largest voter turnout of the past 30 years, the BBB annihilated competing, squishier political parties in the most recent elections. In fact, they won the most seats of any individual party, according to a report by the Associated Press, now holding 17 of 75 seats.

    This is not the first time a European country has seen a voter backlash over climate policy. In Finland in 2019, the Finns Party ran on moderating the heavy-handed climate policies of their government, and came within 6,800 votes of taking the largest number of seats in parliament. In the end, the brand-new party took the second-most parliamentary seats.

    What’s more, this could just be the beginning. The Dutch are not the only Europeans suffering from climate policies that target food production; farmers and grocers in the UK are similarly upset. The British government is also paying off farmers to stop using their land for crop-growing. Instead, the land is set aside for wilderness preservation. The result, according to local farmers, is an increase in food shortages, with some grocery stores being forced to ration produce when imports are held up.

    Even more telling, people throughout the world are rejecting dangerous climate change mandated agricultural policies. In Sri Lanka, after the government banned the use of fossil fuel derived fertilizers—only climate friendly organic fertilizer was allowed—crops failed on a massive level. Within six months, once self-sufficient Sri Lanka needed to import rice from China as their yields dropped 20 percent. The price of rice soared 50 percent. Tea, Sri Lanka’s primary export, representing 70 percent of Sri Lanka’s export income, dropped 18 percent in only four months after the government’s organic fertilizer mandate took effect. The public had enough and rioting commenced; government buildings, even the Prime Minister’s home, were ransacked and torched. Eventually, the government fell and chaos ensued.

    The fact is that climate change is not harming crop production. Most crops are experiencing higher production over recent decades because of the slight warming trend. In reality, it is climate policies, especially those that restrict the use of fossil-fuel derived fertilizers or increase the cost of essential gasoline and diesel fuel, that diminish farmers’ abilities to produce abundant crops.

    Hopefully, farmers around the world will look at the results of the recent elections in the Netherlands, and take heart that they can only be pushed so far.

    https://townhall.com/columnists/linnea-lueken/2023/03/21/new-farmers-party-sweeps-the-netherlands-will-the-rest-of-the-west-take-note-n2620915

  3. Amazon lays off another 9,000 employees to cut costs
    Scroll back up to restore default view.
    Simon Hunt and Daniel O’Boyle
    Mon, March 20, 2023 at 11:29 AM CDT·1 min read

    Amazon is to let go of another 9,000 employees worldwide as the e-commerce giant ramps up its cost-cutting measures.

    The announcement was made to employees of the firm in a note by CEO Andy Jassy, who said workers in the Amazon Web Services, human resources, advertising and Twitch units would be most impacted by the move, with the cuts taking place over a period of weeks.

    It follows an earlier round of 18,000 layoffs announced in January, as well as the closure of a number of warehouses in the UK and an Amazon Fresh store in London. It is not clear how many UK jobs will be affected as part of the layoffs.

    The Seattle-based e-commerce behemoth, which has seen its share price fall almost 50% over the past year, employs over 70,000 staff in the UK. As of the end of 2022, Amazon employed 1.5 million people worldwide.

    https://www.yahoo.com/lifestyle/amazon-lays-off-another-9-144600935.html

  4. We didn’t expect the leopards to eat OUR faces, say AT1 bondholders
    The Financial Times|1 day ago
    It’s the largest loss ever inflicted to AT1 investors since the birth of the asset class. The fear, as measured by Invesco’s AT1 Capital Bond ETF, is that it changes the rules for everyone: Regulators elsewhere are trying to undo the damage.

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