Silver as an investment

Category Archives: property

London House Prices “Battered From All Sides”

This week we discussed Algebris Investments’ ranking of the world’s largest financial bubbles. London property ranked second on the list, behind Australian property (see here). There is growing evidence the former is bursting. In its October 2017 survey, the Royal Institute of Chartered Surveyors (RICS) reported the largest proportion of respondents seeing a drop in […]

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 […]

Dead Mall Stalking: One Hedge Fund Manager’s Tour Across Middle-America – Part 2

Via AdventuresInCapitalism.com, Continued from Part 1… Malls are bearing the brunt of changes in retail, but they’re only the canary in the coal mine. Let’s start with a simple premise; commercial real estate (CRE) will change more in the next decade than it has in the past hundred years. Anyone who thinks they can fully […]

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 […]

L.A. To Worsen Housing Shortage With New Rent Controls

Authored by Ryan McMaken via Mises Institute, Los Angeles, home to one of the least affordable housing markets in North America, is now proposing to expand rent control to “fix” its housing problem.  As with all price control schemes, rent control will serve only to make housing affordable to a small sliver of the population while rendering […]

NYC Isn’t The Only Place The “Rent Is Too Damn High”; Euros And Canadians Also Struggle To Make Rent

Jimmy McMillan III, the now infamous founder of the “Rent Is Too Damn High Party”, as well as a self-described karate expert, Vietnam War vet, former postal worker and male stripper, has made it his mission for the past two decades to fight rising rents in New York City that have persistently pushed lower-income families […]

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 […]

Protesters Plot “Border Wall” Rally For Tomorrow…At Zuckerberg’s Sprawling $100mm Hawaiian Estate

Back in 2014 Mark Zuckerberg paid $100 million to purchase 700 acres of beachfront property on the North Shore of Kauai.  The estate includes 1,000’s of feet of pristine shoreline providing the perfect “safe space” for the 30-year-old Silicon Valley Billionaire and his family.   Unfortunately, there was just one little problem with the purchase…technically […]

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 […]