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…
A Distraction Posing As An Innovation
A holiday topic starting with the Dallas Morning News in Texas. "In 2021 the city’s office of homeless solutions launched an initiative to house 6,000 individuals, and despite the aggressive plan and $72 million, the office’s director said she doesn’t…
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…
An Example Of Government Mismanagement
A weekend topic starting with Deseret News in Utah. "These days, just about anywhere along the Wasatch Front you can find workers building houses, pounding nails into wood-framed structures, installing sheet rock or putting finishing touches on homes designed to…
The Grim Reaper Has Got A Firm Grasp On The Property Market
It's Friday desk clearing time for this blogger. "Christina and Dave Clausi’s family of five moved into a three-bed, two-bath home in McKinney, Texas this July. After renting in the city for four years, the first time homebuyers finally found…
Given The Heavy Discounts Developers Have Been Extending, Eager Second-Hand Homeowners Will Need To Further Reduce Prices To Complete Any Transaction
A report from Reuters. "The Federal Reserve has issued a slew of private warnings to lenders with assets of $100 billion to $250 billion as part of increased efforts to tighten supervision, Bloomberg News reported on Wednesday citing people familiar…
The Idea That You Must Buy Isn’t As Strong As It’s Made Out To Be
A report from the American Statesman in Texas. "The receiver for struggling Austin developer StoryBuilt is asking investors for $2.5 million in new funding as the company attempts to avoid a financial meltdown. The request was made during an online…
Folks Are Selling Out, And They Have No Choice
A report from The News in Tennessee. "Prickly towers of horseweed have shot up almost five feet in the yard of 2814 Kenway Road. Green Hills is full of modest homes on spacious lots that have become prime targets for…
A Ponzi-Style Inverted Pyramid Of Indebtedness Now Threatened With A Tsunami Of Bankruptcies, Deflation, And Oversupply In Everything
A report from WDSU in Louisiana. "According to the New Orleans Metropolitan Association of Realtors, houses are sitting on the market longer and sales are down 24 percent compared to this time last year. Real estate broker Samantha Bush has…
Relying On Capricious Luck Will Only Invoke Murphy’s Law
A weekend topic starting with the Modesto Bee in California. "Joyce Fritz, founder of 12 Doors Real Estate and her team ran statistics with different resources to determine an accurate median starter home price in Modesto, she said. Data from…