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There has been a deluge of articles recently about the upticks in the housing data…[yet, while] I do not dispute the improvement in the data regarding home starts, permits, pending sales, etc.,… [see graph below] these data points are still mired at very depressed levels so the assumption is that if home building is stabilizing then it is only a function of time until home prices began to rise as well. Right? Not so fast.. [Let me explain.] Words: 1100
January 29th, 2012 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »

The explosion of Australia’s mortgage debt is viewed by many economists and commentators as the key factor behind Australia’s unaffordable housing [and the primary] reason why Australia’s housing bubble is larger than that experienced in the United States in the mid-2000s. [Another factor is] the strangulation of fringe urban land supply via increasingly restrictive planning processes. [Let me substantiate that contention by comparing the two countries housing situation via a number of descriptive graphs. Words: 817
November 6th, 2011 | Posted in Real Estate | Read More »

Canada, France and Switzerland stood alone among nine markets measured in recording annual price gains, based on second-quarter data, with inflation-adjusted price increases of 5%, 5% and 4%, respectively, compared to declines of 6% in the U.S., the U.K. and Australia, 10% in Spain and 14% in Ireland. In fact, Canada’s home prices have escalated 44% since 2005 – with a high of 68% in Vancouver – and they are up 7.7% in the past 12 months! Words: 1244
September 22nd, 2011 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »
Is a second recession in so short of a time in the offing? It certainly seems that way. The hope for a continued recovery has grown dim lately as many of the economic indexes are moving towards contractionary territory… There are several concerns pressing the U.S. economy and, in the words of David Rosenberg, chief economist at Gluskin Sheff, “one small shock” could send us into a second recession. [We, for our part, believe that even] another round of Quantitative Easing by the Fed…may not be enough to offset the real problems facing the U.S. economy. [Let's take a closer look.] Words: 1295
July 23rd, 2011 | Posted in Economic Overview,Economy | Read More »
Tens of millions of American families are about to go through economic hell and most of them don’t even realize it…Most Americans realize that things seem “harder” these days, but most of them also have faith that things will eventually get better. Unfortunately, things aren’t going to get any better. The number of good jobs continues to decline, the number of Americans losing their homes continues to go up, people are having a much more difficult time paying their bills and our federal government is drowning in debt. Sadly, this is only just the beginning. [Let me explain.] Words: 1256
July 3rd, 2011 | Posted in Economic Overview,Economy | Read More »
The rat-through-the-snake process of working down existing and prospective distressed properties is likely far from over, and how that process plays out will no doubt have an impact on how much housing prices will ultimately adjust. [Let's take a look at some differing points of view in that regard.] Words: 497
May 14th, 2011 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »
The housing crash is still in process and here are 10 reasons why it is still a terrible time to buy. Words: 1670
September 26th, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »
Here are [6 of my 11] my prognostications in the areas of the economy, domestic politics, global geopolitics, and the investment markets: The US Dollar will fall to record low; house prices will fall a further 10%; interest rates will rise; unemployment rate will rise to 11%; oil prices will exceed $100; the stock market will drop 30%. Let’s hope I’m wrong! Words: 681
March 15th, 2010 | Posted in 2011-12 Forecasts,Economy | Read More »
Most investors didn’t take warnings about the future of the economy and the financial marketplace – warnings that a ‘Category 6 Fiscal Storm’, a ‘Debt-Driven Meltdown’, a ‘Systemic Banking Crisis’, a ‘Financial Train Wreck’, a ‘God-Awful Fiscal Storm’, etc. was in store for the U.S. – seriously until it began. Perhaps this time around, before the other shoe drops, we should become more informed so we will be better positioned to survive and prosper regardless of what comes next. Words: 2128
March 3rd, 2010 | Posted in Asset Allocation,Economy,Investing | Read More »
The next phase of the real estate disaster is upon us. It’s just shifted from subprime to Option ARM and with many economists predicting unemployment will stay in the double digits, foreclosures will only accelerate, which will add to bank losses, which will add pressure to the financial system and broader economy. Words: 547
January 19th, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »