A Rent Control Renaissance Is Underway in the US—and It’s Sure to Make the Housing Shortage Worse
By Jack Elbaum If one needed any more proof that rent control laws suppress investment in new housing, then it is not necessary to look…
Real Estate
A $300,000 Salary Feels Like $100,000 In These U.S. Cities
By Tyler Durden Today in “why, again, do we need inflation?” news, a brand new study by SmartAsset reveals that in several U.S. cities, earning as…
Home Foreclosures And Missed Credit Card Payments Surge As Consumers Buckle
By Tyler Durden In the first quarter of this year, home foreclosures surged, as reported by property data firm Attom. Following a two-year lull, pandemic-related housing…
Where It’s Hardest To Afford A Home
By Tyler Durden Big cities like Hong Kong or Los Angeles are well known for their expensive real-estate markets. But, as Statista’s Katharina Buchholz notes,…
This Housing Bubble Is Different: It’s Much More Precarious
By Charles Hugh Smith And what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining back to the starting point…
How Would You Fix This Colossal Multi-Trillion Dollar Mess?
By Michael Snyder Everyone can see the slow-motion train wreck that is unfolding right in front of our eyes, but nobody has a plan to…
Guess Who Is Now Warning That “Commercial Real Estate Is In Trouble”?
By Michael Snyder What will our financial system look like once the 20 trillion dollar commercial real estate industry implodes? You might want to start…
First-Time Homebuyers Are Absolutely Screwed Right Now
By Tyler Durden Despite a recent softening in the US housing market, a combination of rising borrowing costs and still-high prices have put prospective first-time…
Home Sellers Get Desperate, Shower Buyers With Concessions
By Tyler Durden As the real estate market continues to soften amid rising rates and reduced appetites, home sellers are starting to toss in the…
Times Square Crowne Plaza Hotel Goes Bankrupt
By Tyler Durden Is this the first major commercial real estate domino to fall in the aftermath of Covid’s “work from home” revolution? The corporate…
The “Mega-Bubbles” Have Started To Burst, And That Could Mean Unprecedented Financial Chaos Is Ahead
By Michael Snyder The Federal Reserve giveth, and the Federal Reserve taketh away. In a desperate attempt to help the U.S. economy recover from the…
November Home Sales Suffer Biggest Crash In History
By Tyler Durden As a historic cold front blankets the continental US – because global warming of course – locking down hundreds of millions, and…
Around 450,000 Homebuyers Are Now Underwater As “Early” FHA Delinquencies Hit 2009 Levels
By Tyler Durden As the housing market continues to implode – marking a record drop in pending home sales last month amid canceled deals and…
Home Economics: 2 in 3 Americans Tackling More DIY Projects as Inflation Drives up Costs
By Chris Melore More than two-thirds of Americans find themselves spending more time at home now than two years ago – and the economy may…