Jun 6 2015

The crisis in housing: Not enough homes are being built and rents are outstripping wage gains.

There is an economic crisis happening in the housing market.  The working class is finding more of their wages sucked into the housing financial puzzle. Stagnant wages combined with rising home prices and rents are putting a lid on household formation.  It probably doesn’t help that many young families are caught in the low wage […]

Feb 10 2015

The Canadian housing market will implode in dramatic fashion: 5 charts highlighting the inevitable pop to Canada’s real estate boom.

The Canadian housing market is deep into bubble territory.  We all know that bubbles can go on for longer than most people think.  But with the crash in oil prices and people fully believing their own hype, the market is setup for a big fall from grace.  It is interesting how most from the outside […]

Jan 6 2015

The American Dream no longer involves owning a home: Record number of young living at home and rents increase while income falls.

Inflation is an insidious money grabber. When incomes are stagnant or falling, any tiny amount of inflation is tantamount to a wage a cut. The largest expense for Americans is housing payments. This can be in the form of rent paid to a landlord or mortgages paid to a bank. Either way, money is getting […]

May 28 2014

You are too broke to own a home in America! The typical American household making $50,000 a year cannot afford to purchase the typical $200,000 median priced home without straining their budget.

People continue to scratch their heads as to why regular home buyers in America are unable to enter the housing market. Prices are up but this is mostly because of investor money that is obsessed with chasing yield in a low yield environment orchestrated by the Federal Reserve. The reason home sales figures continue to […]

Jun 9 2013

The return of irrational exuberance to Las Vegas: The growing worries of another Las Vegas housing bubble.

It is rather clear that large institutional investors are diving into investment real estate once again.  This time these investors are supplanting individuals but are targeting very familiar markets in Arizona, Nevada, and Florida.  One of those markets is Las Vegas.  Las Vegas had one of the most spectacular real estate bubbles that we have […]

Oct 17 2012

Inflation by any other name – Rising rents have pushed up the CPI to highest monthly change in three years. Shifting the Fed bailouts onto the working class and poor.

The Consumer Price Index (CPI) attempts to measure the change in price for a basket of American goods and services.  I say attempts because measures like the “owner’s equivalent of rent” are simply an estimation as to what a home owner’s place would rent for.  In the early 2000s with home prices surging, it missed […]

Jan 9 2012

Las Vegas real estate and the dynamics of a lower priced housing market – With median home prices around $100,000 they now reflect the reality of a lower paying service sector economy. Foreclosures and short-sales make up over 70 percent of all sales activity.

Las Vegas is a case study in the limits of the housing bubble but also the reflection of a new economy driven by a demand for lower price real estate.  Wedged in the story of a collapsing real estate market is a new reality that many families are craving lower priced properties.  Few places in […]

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