Silver as an investment

Category Archives: foreclosure

Rental Insecurity: Survey Finds 1 In 5 American Renters Missed A Payment In Past 3 Months

A new survey conducted by recently found that Americans, despite historically low unemployment levels and surging stock indices which would both seem to suggest that ‘everything is awesome’, are having a very difficult time making ends meet.  Per the survey, some 20% of renters admit they were unable to make their monthly payments on […]

NYC Foreclosures Surge 79%; Most Since 2009

A few weeks ago we noted that New York’s ‘smart money’ at a variety of U.S. banking institutions were tripping over each other to underwrite dividend recaps for owners of expensive commercial real estate projects just as buyers of those properties suddenly dried up completely (see: NYC Commercial Real Estate Sales Plunge Over 50% As […]

Meet The Money-Laundering, Nigerian Oil Magnate Behind New York’s $50MM Condo Foreclosure

Last night we noted that yet another luxury condo at Manhattan’s One57 tower, a member of “Billionaire’s Row,” a group of high-end towers clustered along the southern edge of Central Park, had gone into foreclosure – the second in the span of a month.  The 6,240-square-foot, full-floor penthouse in question, One57’s Apartment 79, sold for […]

New York’s “Billionaires Row” Suffers Biggest Foreclosure In History

In the latest sign that NYC’s ultra-high end property market is on the verge of imploding after a wave of overly aggressive development, another luxury condo at Manhattan’s One57 tower, a member of “Billionaire’s Row,” a group of high-end towers clustered along the southern edge of Central Park, has gone into foreclosure – the second […]

The American Dream: An Endangered Ethos

Authored by Danielle DiMartino Booth via, Few words are slipperier than ‘ethos’ to grasp. Even the best translation of the word – essence – is hard to get your arms around. Perhaps that is why so many of us were blissfully unaware until recently that the very essence of the American Dream was slipping through […]

Existing Home Sales Hit Decade High As Prices Jump More Than 7%

So much for concerns that rising rates would slam the US real estate market. According to the NAR, in January, Existing home sales jumped by 3.3%, well above the 1.1% consensus estimate, and more than reversing last month’s revised -1.6% drop. The annuallized pace of sales rose to 5.69 million, above the 5.54 million estimate, […]

The Election Of Donald Trump Is Already Having An Enormous Impact On The Economy

The election of Donald Trump has sent shockwaves through the U.S. economy and the U.S. financial system.  Since November 8th, the Dow has hit a brand new all-time record high, the U.S. dollar has strengthened greatly, and bank stocks are way up.  But not all of the economic news is good news.  Unlike stocks, bonds […]

Rich Flee Chicago Amid Racial Strife, Civil Unrest: “Turning Into A Crime Infested Hell Hole”

This article was written by Joshua Krause and originally published at The Daily Sheeple. Editor’s Comment: Those who pull the strings are apt to push racial division and general chaos, as the economic avalanche falls in on the population at large. Uncertain about why finances and money become so difficult, most will fall into the […]

U.S. Housing Market One Chart Says it All / By: Mike Whitney / Mar 22, 2014 – 05:53 PM GMT Get a load of this chart from DataQuick’s National Home Sales Snapshot. It’ll tell you everything need to know about housing. (Note: MSA=metropolitan statistical area) As you can see, prices are flatlining or drifting lower while sales are sinking like a stone. That’s the whole ball of […]

The 1% Also Don’t Pay Their Bills: 10 Ultra Luxury Properties In Foreclosure / By Tyler Durden / 12/08/2013 15:37 As we reported yesterday, something odd is happening in the US, which supposedly is deep in a “housing market and economic recovery” – foreclosures on ultraluxury homes, those worth $5 million and over, have soared by 61% in 2013 (even as overall foreclosures continue to decline due to the well-known […]