Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Real estate

Is There A Housing Recovery Underway?

A couple of OK months (i.e., not downright bad) in the residential real estate market has the optimists declaring (again!) that a bottom has been reached for home prices. The data are hardly definitive but provide “green shooters” the opportunity to claim that the worst is behind us. Most of those making this claim have [...]

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China Collapse?

The Daily Bell provides an overview of China’s real estate market which they (and others) claim has already collapsed. This collapse is expected to bring  down the Chinese economy and what remains of the world economy. Here is an excerpt from the article: And here is some of the text that accompanies the video below [...]

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China Troubles Ahead

Mish has written a disconcerting piece on China’s lending bubble as it relates to real estate. China’s housing market valuations are much worse than ours were at the peak. In Beijing, housing values are 22 times incomes. A quote from one of Mish’s sources states: A 90-square-metre (968-square-foot) apartment in Beijing cost 1.6 million yuan [...]

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Healthcare and Detroit: Murdered by Government

The recent passage of Obamacare is madness not seen before in this country. Any cursory review of government indicates that it fails at everything it does. It destroys rather than heals.  Just a few examples are the following: Social Security is insolvent. Medicare and Medicaid are insolvent. The Post Office, despite being a monopoly, is [...]

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Time to Pony Up Again, Taxpayers

Image via Wikipedia Image via Wikipedia Obama announced his new budget, which exceeded most people’s expectations regarding spending. The deficit is likely to be worse than projected because of rosy revenue assumptions. Today WaPo announces that serious problems are developing in the FHA: The share of borrowers who are falling seriously behind on loans backed [...]

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