Housing Prices

Tyler Durden's picture

A Manhattan "Pool In The Sky" - For The Billionaire Who Has Everything Else





If you have a lot of disposable cash, and a desire to go swimming 28 storeys above the Manhattan streets in a pool connecting two buildings, you're in luck.

 
Tyler Durden's picture

George Soros Warns "China Resembles US In 2008", Hard Landing "Practically Unavoidable"





China's massive credit growth in March (and $1 trillion surge in total social financing in Q1) is a "warning sign" according to billionaire George Soros, "because it shows how much work is needed to stop the slowdown." Speaking at an event in new York this evening, Soros commented on "troubling developments" in China, the anti-corruption drive's impact on capital outflows and the real-estate bubble "feeding on itself." His conclusion, rather ominously, was that despite all the naysayers and fiction-peddlers, China "resembles US in 2007-8," before credit markets seized up and spurred a global recession.

 
Tyler Durden's picture

Bank Of America Reveals "The Next Big Trade"





Markets have stopped focusing on what central banks are doing and are "positioning for what they believe central banks may or may not do," according to BofA's Athanasios Vamvakidis as he tells FX traders to "prepare to fight the central banks," as the market reaction to central bank policies this year reflects transition to a new regime, in which investors start speculating which central bank will have to give up easing policies first.

 
Tyler Durden's picture

BofA Notices Something Troubling: China's Debt Bubble Has Burst





We have noticed a sharp jump since mid-2015 in the total value of reported defaults of shadow banking products, defined here as non-bank-loan debt instruments that include bonds, trusts, and credit products offered by peer-to-peer (P2P) and various offline wealth management companies (WMCs).... The question is whether the government is closing the stable door after the horse has bolted. We suspect that the answer is yes.

 
Tyler Durden's picture

On Goldman's "Dubious Advice To Short Gold”





Those betting against Goldman Sach’s retail investment advice have generally been on the right side of things. The same thing is about to happen again. “Short gold! Sell gold!” said Goldman’s head commodity trader, Jeff Currie, during a CNBC “Power Lunch” interview. Currie’s advice was in response to the question “Is there any commodity you are recommending that can help our viewers make some money?” Currie’s provided several reasons for shorting gold, blatantly wrong.

 
Tyler Durden's picture

China's Latest Problem: Surging Subprime-Housing Loans





Government efforts to tackle a glut of vacant housing in China by spurring home lending have triggered a bigger problem: a surge in risky subprime-style loans that is generating alarm. Home buyers in China normally put down a third of the cost of a new property upfront. But a rapid rise in buyers borrowing for their down payments—an echo of the easy credit that cratered the U.S. housing market and sparked the financial crisis—has led authorities to clamp down

 
Tyler Durden's picture

2016: The End Of The Global Debt Super Cycle





The credit markets are signaling that the debt fueled expansion that began in 2010 is turning to bust. This is the most precarious moment in financial market history because as the world slides into recession global central banks have no ability to soften the oncoming recession with debt creation. The world economy is on the precipice of another Great Depression.

 
Tyler Durden's picture

Meanwhile In San Francisco - $400/Month To Live In A Box In Someone's Living Room





"Peter Berkowitz is my new favorite guy. The 25-year-old illustrator recently moved to San Francisco and instead of settling for some landlord’s price-gouging, he found some other cool kids who let him build a box in their living room. Peter’s rent is just $400 a month."

 
Tyler Durden's picture

"It's Worse Than 2008": Toronto's "Condo King" Weighs In On The Death Of Alberta's Housing Market





"This is a unique event that is annihilating anywhere in the world that produces oil.”

 
Tyler Durden's picture

Futures, Oil Dip On Stronger Dollar Ahead Of "Hawkish" Yellen Speech





With Europe back from Easter break, we are seeing a modest continuation of the dollar strength witnessed every day last week, which in turn is pressuring oil and the commodity complex, and leading to some selling in US equity futures (down 0.2% to 2024) ahead of today's main event which is Janet Yellen's speech as the Economic Club of New York at 12:20pm, an event which judging by risk assets so far is expected to be far more hawkish than dovish: after all the S&P 500 is north of 2,000 for now.

 
derailedcapitalism's picture

Do You Need A Roommate?





As discussed in length by Zerohedge and other financial sites across the internet, housing prices continue to rise globally with no end in sight. Aided by low interest rates, increases in inequality and capital flight (from corrupt governments), the millennial generation is caught in the cross fire and forced to either live with family longer (increase in missing households) or take on more roommates.

 
Tyler Durden's picture

The New "Middle Class" – Making $250,000 A Year In Palo Alto Qualifies For Housing Subsidies





Welcome to the new normal, where in bubble communities, $250,000 per year is now a middle class income. Nothing to see here.

 
Tyler Durden's picture

"Sweden Most At Risk Of Asset Bubble" Moody's Warns, After Taking A Look At Swedish House Prices





"Moody's believes that the Riksbank will find it difficult to achieve its objective of significantly pushing up consumer price inflation in a deflationary global environment, while the sustained and strong growth in mortgage lending and house prices risks leading to an (ultimately unsustainable) asset bubble."

 
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