Silver as an investment

Category Archives: Vacant Homes

ZeroHedge: How Vancouver Is Being Sold To The Chinese: The Illegal Dark Side Behind The Real Estate Bubble

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. One month ago, when describing the latest in an endless series of Vancouver real estate horror stories, in this case an abandoned, rotting home (which is currently listed for a modest $7.2 million), we explained the simple money-laundering dynamic involving […]

ZeroHedge: These Vancouver Homes Sold For Millions In 2011 And Have Been Vacant And Rotting Since: Here’s Why

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Five years ago, in July of 2011, the house at 4182 West 8th Avenue in Vancouver in sold for $4.6 million. It now rests vacant, abandoned and rotting.   Six years ago this $6.2-million Point Grey home boasted unobstructed vistas […]

Here’s What’s Killing the American Dream

Wolf Richter   www.wolfstreet.com   www.amazon.com/author/wolfrichter First-time homebuyers, the bedrock of a healthy sustainable housing market, are still largely missing in action. In February, they accounted for 29% of all homebuyers. But in the long-term data going back to 1981, according to the NAR, first-time buyers accounted for 40% of all purchases. And that’s a problem for […]

Housing Industry Frets About the Next Brick to Drop

Wolf Richter   www.wolfstreet.com   www.amazon.com/author/wolfrichter Stephen Schwarzman, CEO and co-founder of Blackstone Group, the world’s largest private-equity firm with $290 billion in assets under management, made $690 million for 2014 via a mix of dividends, compensation, and fund payouts, according to a regulatory filing. A 50% raise from last year. The PE firm’s subsidiary Invitation Homes, […]

ZeroHedge: California Housing Market Cracks in Two, Top End Goes Crazy

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Wolf Richter   www.wolfstreet.com   www.amazon.com/author/wolfrichter That the housing market is seriously twisted is apparent by the mortgage conundrum: despite historically low mortgage rates of around 4% for a 30-year fixed rate mortgage, mortgage originations averaged only $357 billion per quarter so […]

ZeroHedge: New Home Sales Explode Higher Thanks To… Record High Average New Home Prices?

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. New Home Sales rose a magnificent (seasonally-adjusted annualized rate) 18% in August – the biggest monthly rise since January 1992 albeit with a 16.3 90% confidence interval, meaning the final number may well be +1.7%. At 504k, new home sales […]

ZeroHedge: How A Few Wall-Street Backed Firms Manipulate The Entire US Housing Market

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Private equity firms are the ultimate smart money on Wall Street; they know how to wring out the last dime from their own clients, such as pension funds and rich individuals, through hidden fees, obscure expenses, […]

ZeroHedge: Fourth Turning Accelerating

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Jim Quinn of The Burning Platform blog, “In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to […]

ZeroHedge: Mindblowing Fact Of The Day: China Has Over 52 Million Vacant Homes

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Over 1 in 5 homes (with $674 billion of mortgages) in China stand empty… and if you think that urbanization will fix that, as WSJ reports, a 10 percentage point rise in the urbanization rate (already at 54%) would result […]

ZeroHedge: Real Economy Bites Housing Bubble 2

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter When the home-sales curve kinked south last fall, soothsayers had some handy reasons: The fiscal cliff, the threat of a government shutdown, and the potential government default that no one took seriously made home buyers uncertain. […]