Mar 3 2011

Phoenix real estate breaks a record with 50 percent of all home sales coming from all cash investors. Locals barely can buy with FHA insured loans. Can a desert market dependent on cheap oil and survive in the $100+ a barrel world?

The Phoenix real estate market is a fascinating case examination of an area guided by FHA loans for first time buyers and all cash investors purchasing 50 percent of properties.  In January of 2011, the latest month of stunning data, 1 out of every 2 homes sold went to an all cash buyer.  We are […]

Feb 23 2011

The financial disaster of continuing to bailout commercial real estate through the shadows of Federal Reserve jargon. Why you haven’t heard of this trillion dollar bailout.

The media has done a fantastic job painting over the enormous sinkhole of a problem that is commercial real estate (CRE).  U.S. banks hold over $3 trillion in commercial real estate loans on properties that were once valued at over $6 trillion.  Today those values are down to roughly $3 to $3.5 trillion depending on […]

Dec 21 2010

Las Vegas is to the real estate bubble what Detroit was to the US automobile industry – Empty condo projects, apartments poorly built to face the desert sun, and the collapse of commercial real estate.

If Wall Street is the hub of American finance then Las Vegas was the manifestation of credit dreams going viral.  Las Vegas, the beating heart of Nevada had a tremendous boom with the real estate bubble because it played into the narrative of making it big.  Where else can unknowns strike it big and have […]

Nov 26 2010

The shadow bailout of the commercial real estate industry – bailing out the Ritz, failed million dollar unit condo projects, and buying empty shopping malls. Why the Fed wants to destroy the US dollar and continue the failed bailouts of the banking sector.

It is amazing that so little information about commercial real estate has made it onto the mainstream media.  Few in the public realize that commercial real estate (CRE) has actually fallen harder than residential real estate yet 99.9 percent of all media coverage has been strictly on residential real estate.  The CRE market is enormous […]

Nov 12 2010

The stalling of the California housing market – California Foreclosure Prevention Act has institutionalized a drawn out foreclosure process. 470,000 MLS listed and distressed homes in the state. California construction industry employing the same number of workers as it did in the early 1990s.

The state of California continues to grapple with the collapse of the enormous housing bubble.  The Governor earlier in the week called for a special emergency session to deal with a $6 billion deficit that emerged just weeks after the state budget was signed and the ink dried.  States with a large dependence on the […]

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