Nov 19 2016

Housing in a time of rising mortgage rates: A big jump in mortgage rates is here to stay for these reasons.

In the midst of everything that is going on, the bond market took a big hit to the tune of $1 trillion.  What this means is that mortgage rates tied to Treasury bonds had a massive move, the largest in many years.  The 30-year fixed rate mortgage rate jumped to nearly 4 percent, the highest […]

Oct 22 2016

The Suburban Ghetto: Today one in three poor Americans, about 16.4 million people live in the suburbs.

We tend to think of the suburbs as middle class utopias.  When people think of the American Dream they usually draw up a picture of a home with a picket white fence in the suburb.  Poverty is usually left to inner cities and crammed multi-family dwellings.  So it might come as a surprise that over […]

Jul 31 2016

The American Dream has imploded with the Homeownership rate hitting another low: Most Americans too broke to buy a Home.

Owning a home is symbolic with having a piece of the American Dream.  The stereotypical picket white fence with a nice lawn is easily conjured up in the minds of many.  Yet for many, this is only a dream because it will never become reality.  The American Dream has imploded with many other areas of […]

Jun 22 2016

Spending it all on rent: 11 million Americans spend half their income on rent. Another 21 million spend over 30 percent of their income on rent, a record high.

The financial raiding of the American middle class is moving full steam ahead.  The ridiculous structure of the banking bailouts and artificially low interest rates caused hot money from banks and big investors to crowd out regular families in the housing market.  Now here we are 7 years after the official conclusion of the Great […]

Jun 16 2016

Too damn broke to afford a house: Americans are largely missing out on home equity gains and there is little they can do about it.

The housing market is once again too expensive for most American families.  During the last housing bubble, many Americans were able to partake in the mania and enjoy equity gains even if they were as fleeting as a petal in the wind.  This time around most of the gains are going to investors and large […]

Mar 25 2016

China owns the Canadian real estate market: Chinese account for one-third of all Vancouver home sales volume in 2015.

he Canadian housing market makes the U.S. housing bubble seem like a tiny pricing discrepancy.  There have been talks for years that Chinese investors were buying up desirable properties around the globe and many pundits pushed these fears aside.  Their claim was that only a tiny portion of the market was made up by investors.  […]

Mar 20 2016

The housing bubble is getting ready to implode: The scariest chart in real estate shows an impending correction because you can’t afford to buy a home today.

“Definition of economic bubble:  A market phenomenon characterized by surges in asset prices to levels significantly above the fundamental value of that asset.”  We are definitely in another housing bubble.  First, most Americans can’t afford to buy a home without utilizing artificially low interest rates and even then they are stretching their budgets like spandex.  […]

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