Up Shit Creek Without A Boat
A report from Realtor.com. "Basketball Hall of Famer Dikembe Mutombo just sold his condo in New York City. But after waiting much of the year for a buyer, he probably didn't get quite the win he wanted. In February, the…
The Great Wall Of China—Its Economy—Is In Tatters
A weekend topic starting with South China Morning Post. "The catastrophic crash in Country Garden Holdings, once the gold standard in China's property industry, has cost stock and bond investors steep losses. Nearly half of Country Garden's liabilities at the…
Look, We Need To Sell
A report from KOMO-TV in Washington. "According to Redfin, luxury home prices dropped by double digits in several west coast cities. San Francisco saw the biggest loss of more than 12.7% in a year. Seattle is close behind at a…
A Bellwether For The Value Destruction
A report from CBS News. "First Republic Bank's stock price continued to plunge Wednesday. After shedding half their value on Tuesday, First Republic shares tumbled nearly 30% to close at $5.69, with the New York Stock Exchange halting trading in…
This Is A Feature Of Fiat, Not A Bug
It's Friday desk clearing time for this blogger. "Have Northern Virginia home sellers missed the sweet spot? The D.C. region’s red-hot housing market has begun to show signs of fatigue, and in Northern Virginia the market softened in August. 'Overall…