Housing Bubble

Don't Show Jim Bullard This Chart

St. Louis President James Bullard said that "though equity valuations are high"... "we are not in anything like what we saw with the housing bubble.” He is right: on a Price-to-Sales ratio, we are much higher...

How Governments Outlaw Affordable Housing

The current planners don't want more housing. The government planners only want a certain type of housing. Meanwhile, the renters live in smaller and smaller units, and drive further and further. But there's one thing of which we can be sure. "Capitalism" will be blamed for it all.

Russian Oligarch Suffers 50% Loss On Singapore Real Estate Sale

A Russian national suffered a 52% loss on a recent purchase of a Singapore apartment, bought from the developer at $12.8 million or $3,146 psf in June 2010, and which was subsequently sold for $6.2 million or $1,524 psf by a private treaty.

"It's Just Crazy" (Again): 2-Bedroom LA House Sells 40% Above Asking

“It can’t be sustained,” said David Berson, chief economist at Nationwide Insurance and a former chief economist at mortgage giant Fannie Mae, referring to the frenzied buying. “It can’t go on forever.” For now, however, the second housing bubble in a decade is back front and center, courtesy of the Federal Reserve once again.

Economic Depression And Denial: "We Want To Believe We Aren't Japan"

"And so the longer it goes on, people seem to believe the greater the chance that something just has to go right. It is a happy a comforting thought, aided in emotional manipulation by the constant mainstream optimism. In that belief, every minor uptick is extrapolated far beyond its true significance as that thing that will surely restore positive balance and order."