Silver as an investment

Category Archives: Apartment

U.S. Rent Growth Flatlines As Massive Flood Of New Apartment Supply Finally Takes Its Toll

After a slow and steady march higher in the wake of the ‘great recession’ nearly a decade ago, a note today from Rent Cafe shows that average rents in the United States may have finally stalled in July at $1,350 per month after posting a paltry sequential gain of just 0.1%.   Rents are still […]

Record Apartment Building-Boom Meets Reality: First CRE Decline Since The Great Recession

By Wolf Richter of WolfStreet Even the Fed put commercial real estate on its financial-stability worry list. No, the crane counters were not wrong. In 2017, the ongoing apartment building-boom in the US will set a new record: 346,000 new rental apartments in buildings with 50+ units are expected to hit the market. How superlative […]

The American Dream, Twice Removed

I can’t avoid linking that to earlier periods of American poverty (see the photos below), says The Automatic Earth's Raul Ilargi Meijer, times in which ‘leaders’ thought it appropriate to let large swaths of the population live in misery, so everyone else would think twice about raising their voices. A tried and true strategy. But […]

NYC Rents No Longer ‘Too Damn High’ As Landlord Concessions Soar

After years of gouging the precious, Ivy League snowflakes that flood Manhattan every summer with nothing but their $10 million inheritance checks, a dream and the Faconnable shirts on their back, New York City landlords, courtesy of the flood of new apartment supply coming online, are being forced to offer record-high rent concessions to attract […]

Chinese Developers Rethink U.S. Real Estate Projects: “I See Danger…U.S. Real Estate Is Peaking”

For months we’ve been warning that real estate markets in NYC and San Francisco, among others, are getting ready to rollover as the market is about to be flooded with new supply of luxury apartments (see here and here).  Real estate in both markets are just starting to show signs of cracking as the apartments […]

More Troubling Signs For NYC Real Estate As Rent Concessions Soar

The October 2016 Douglas Elliman Real Estate Guide for Manhattan reveals some fairly startling hints about the “health” of NYC real estate.  For months we’ve been writing about the soaring capacity of luxury apartment buildings in New York City and it looks as though that capacity influx is starting to take a toll as the […]

6 Castles That Cost Less Than An Apartment In NYC

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. zerohedge.com / by Tyler Durden on 01/07/2014 14:45 -0500 With Russian, Chinese, and Argentinian (with a record low in the blue dollar today) money washing ashore (in USD or Bitcoin) under the Status of Liberty, the ‘prices’ of upscale apartments in New York City […]

Bring back the condo conversions: Los Angeles apartment to condo conversions pick-up steam, just like it did in the last housing run.

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. doctorhousingbubble.com / By Dr. Housing Bubble / August 18, 2013 Time to slap on some new paint, lay down some hardwood floors, and haul in some granite countertops because it is time to convert that funky apartment building into a […]

A Look Inside Stevie Cohen’s New York Duplex: The Most “Expensive” Apartment In Manhattan

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. zerohedge.com / By Tyler Durden /07/08/2013 10:37 Think the $90 million sale of the penthouse duplex at the still unfinished One57 to an undisclosed buyer is a milestone for New York real estate? Then you haven’t looked at the asking price for Steve […]