Historical trends indicate Canada’s hottest six real estate markets are more unstable than a generation ago, especially after steep house price increases between 2002-07. Before 2000, house prices tended to hover within a narrow range of between 3 and 4 times provincial annual median income. Today, house prices are anywhere from 4.7 to 11.3 times the median income.
Overdose is a must see ABC /Four Corners documentary on the current financial and economic crisis as it developed over the past decade and as it is expected to evolve over the coming decade. “This is the story of the greatest financial crisis we’ll ever see…the one that’s on its [...]
When the value of a firm’s real estate appreciates by $1, its investment increases by approximately 6 cents. The ability to pledge collateral enhances a firm’s debt capacity, and providing outside investors with the option to liquidate pledged assets acts as a strong disciplining device on borrowers. Therefore, asset liquidation [...]
Altos Research presents a prescient look at the US housing market. Always two steps ahead of the street, Altos provides compelling evidence that the US housing market remains in rough condition. Although one month old, this presentation is an eye opener: The US Housing Market – It's worse than you [...]
Dylan Asks: What the heck is wrong with the economy? Peter Schiff and Henry Blodget (yes, that Henry Blodget) answer. You might not like what they say. Visit msnbc.com for breaking news, world news, and news about the economy Share, Print or PDF
KC Fed President Thomas Hoenig on leverage and housing. Unbelievably, individuals still think that housing will go up by 10% a year once a recovery takes hold!!!!!!!!!! Hoenig responds: “If the American people are looking for the housing market to be their investment opportunity, I think they’re making a mistake.” [...]
This second edition of the report is the first of the semi-annual sequels for the original paper to provide timely updates on the state of the housing market in Canada. The Elusive Canadian Housing Bubble – Summer 2010 Also…Let’s see what $500k buys in Toronto: Share, Print or PDF
*Director: Charles Ferguson *Cast: Matt Damon In theaters: October 8th, 2010 From Academy Award® nominated filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, [...]
Enterprising? Desperate? National Inflation Association: As the unemployed and jobless become desperate in California many begin turning their homes into income generators. One house in particular caught my eye recently by turning their living room into a restaurant. In a sign that America is slowly becoming more like a third [...]
China, billionaires, social policy, food, populations, perma-bears, and more…
Bankers blame borrowers. Borrowers blame mortgage brokers. The only ones that really suffer, however, are the homeowners.
Timmy G. on the future of Fannie and Freddie. It looks like US housing will be sucking the US Treasury’s teet for some time to come. Bill Gross – aka the Bond King – comments. He essentially says that Fannie Mae and Freddie Mac should ignore market pricing, risk and [...]
With neighborhoods undergoing profound change, some positive, some negative, it may be time to dig up the research on neighborhood development. In 2001, Brookings Institution conducted research on the gentrification experiences of a number of US cities and wrote a primer on the subject: Abstract: This paper serves as a [...]
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