They Thought They Could Never Go Wrong
A report from Houston Agent Magazine in Texas. "Y’all, I hate to lick all the red off your candy, but the days of a super-hot real estate market are behind us (at least for now). While on the surface, that…
Everyone Wants To Pay Tomorrow’s Price
A report from the Orange County Register. "California's latest homebuying debacle is a pumped-up storyline we've seen before — even if each housing bubble has its own shape and size. The median price of an existing, single-family home in California…
As With Every Financial Crisis, The Central Bank Sets The Stage For A Collapse
A weekend topic starting with Global Finance. "Avaya Holdings Corp, Tuesday Morning, Sorrento Therapeutics—what’s the common thread between these very different companies? Within a few days, the three of them went bankrupt. 'We have had almost unlimited credit for 10…
There’s Just Not Enough Cake For Everyone
It's Friday desk clearing time for this blogger. "Realtor Josh Altman joins Yahoo Finance Live to explain the Los Angeles 'Mansion Tax.' If people think they were not going to be affected because they don't have homes that are worth…
Central Banks Have Swung From Frenetic Money Creation To The Monetary Death March
A weekend topic starting with 48 Hills. "If you were looking for an event that epitomizes the neoliberalization of the University of California, you’d be hard pressed to top the UCLA Institute of Transportation Studies’ 2022 Lake Arrowhead Symposium. Despite being…
The Price Keeps Rising As Everyone Rushes To Grab A Piece Of The Pie, Until … Poof! It’s All Gone
It's Friday desk clearing time for this blogger. "Lee Roberts, 74, the retired CEO of Fort Worth-based RadioShack, has put his five-bedroom, 10-bathroom home at 4400 Overton Crest St. up for auction. Roberts and his wife invested $12 million in…
They Took A Risk As Owners Of Those Securities, They Will Take The Losses
A report from ABC 7. "The feds shut down New York-based Signature Bank to protect investors following the collapse of the Silicon Valley Bank. Signature Bank is a big cryptocurrency lender in New York. On Sunday, the Federal Deposit Insurance…
They Can’t Afford To Pay It All Back Because They Borrowed Too Much
A report from Business Insider. "Home rehabbers are quickly finding that the once-reliable method known as 'BRRRR' — short for buy, rehab, rent, refinance, and repeat — has become much riskier as home prices in hot pandemic markets fizzle out…
Almost 40% Of The Pandemic Pricing Boom Is Already Gone
https://www.youtube.com/watch?v=yXE1IYNfRyc https://www.youtube.com/watch?v=AD2PnEWq4GI
You Are Effectively Trapped, And Your Bank Knows It
A report from Axios on Virginia. "Richmond home prices seem to be leveling off some after soaring for two years, per Redfin. The city of Richmond saw the biggest year-over-year drop in median sales price for single family homes in…