Tag Archives: real estate

When Assets (Such as Real Estate) Become Liabilities

Correspondent Joel M. submitted an article that struck me as a harbinger of the future: In Greece, Property Is Debt: “At law courts throughout Greece, people are lining up to file papers renouncing their inheritance. Not necessarily because some feckless … Continue reading

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Where Will All the Money Go When All Three Market Bubbles Pop?

Everyone who’s not paid to be in denial knows stocks, bonds and real estate are in bubbles of one sort or another. Real estate is either an echo bubble or a bubble that exceeds the previous bubble, depending on how … Continue reading

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No Bubble Here: Rent a Bed for $1,000/Month

Those who say there are only two sure things in life, death and taxes, should add a third sure thing: realtors and stock market mavens will deny there’s a bubble even when it’s obvious to everyone the bubble has already … Continue reading

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Rich Middle Class, Poor Middle Class

his great generational injustice is the direct consequence of central banks lowering interest rates to zero and inflating asset bubbles. How can middle class households have similar incomes but some are asset-rich and others are asset-poor? Spending and saving habits … Continue reading

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Are Capital Inflows Propping Up U.S. Markets?

It seems likely that significant capital inflows are helping prop up asset valuations in the U.S. Nobody really believes the official narrative that the “recovery” is powering the remarkable strength of U.S. stocks, bonds and real estate. The real Main Street … Continue reading

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The Housing “Recovery” in Four Charts

The unintended consequences of the Fed’s unprecedented interventions will rip the heart and lungs out of the housing market The housing “recovery” since 2010 can be summarized in four phrases: diminishing returns, unprecedented central state/bank intervention, unintended consequences, end-game. Three charts … Continue reading

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