Patrick

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joined 2005 Apr 3, 9:31am   United States 398 posts   1,742 comments   following x   ignore ignoring Patrick x ignore


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Median House Prices: Work vs Gold (thesoundingline.com)
by Patrick on 22 May 2018  6 comments, latest 3 hours ago
http://thesoundingline.com/med Both median US Home prices and family income have been rising since 1963, though home prices have outpaced income. To me, the feature that stands out the most in...

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Owning a rental house is not as lucrative as buying stock (azcentral.com)
by Patrick on 20 May 2018  12 comments, latest 3 hours ago
https://www.azcentral.com/stor Single-family homes in large U.S. cities have generated returns of about 9 percent annually on average, according to the study, which examined results from 1986 to 2014.That would make...

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National glut of apartments (nreionline.com)
by Patrick on 22 May 2018  4 comments, latest 5 hours ago
http://www.nreionline.com/mult Apartment landlords can no longer raise rents like they used to. So many new apartment units are opening that the percentage that vacancy is inching higher across the country.This...

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Why the Fed needs to target housing in determining interest rates (marketwatch.com)
by Patrick on 22 May 2018  1 comment, latest 6 hours ago
https://www.marketwatch.com/am The Federal Reserve should pay more attention to home prices when it sets monetary policy, a leading academic said Monday.In a new research paper circulated by the National Bureau...

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A seller's advice to buyers (thenewstribune.com)
by Patrick on 22 May 2018  5 comments, latest 6 hours ago
http://www.thenewstribune.com/ With the offers, I received several touching letters from prospective buyers telling me that they were offering everything they had, and to please consider them because they were desperate...

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Silicon Valley pastor decries hypocrisy of area's rich liberals (theguardian.com)
by Patrick on 22 May 2018  3 comments, latest 7 hours ago
https://www.theguardian.com/te A Silicon Valley pastor has resigned from his church after calling the city of Palo Alto an “elitist shit den of hate” and criticizing the hypocrisy of “social justice”...

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US housing bonds market getting riskier (finance-commerce.com)
by Patrick on 22 May 2018  1 comment, latest 15 hours ago
https://finance-commerce.com/2 Riskier U.S. mortgages are creeping back into the bond market again.The loans in question are nowhere near the toxic mortgages that brought down the financial system last decade. But...

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Neighborhood amenities determine rents (federalreserve.gov)
by Patrick on 22 May 2018  Posted 16 hours ago
https://www.federalreserve.gov We estimate a neighborhood choice model using 2014 American Community Survey data to investigate the degree to which new housing supply can improve housing affordability. In the model, equilibrium...

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Property tax hikes in Chicago impacting prices (chicago.suntimes.com)
by Patrick on 22 May 2018  Posted 16 hours ago
https://chicago.suntimes.com/n “Homeowners are happy when their property increases in value. But when it’s time to reassess for tax purposes, such increases in value are suddenly unwelcome,” Shaer said. “It’s human...

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You Think It’s All About Guns? (kunstler.com)
by Patrick on 21 May 2018  3 comments, latest 2 days ago
http://kunstler.com/clusterfuc I will venture to say — against the tide of current sexual politics — that adolescence is much tougher for boys these days than it is for girls. Every...

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Housing ATM is Back (But it won't work any better this time) (themaven.net)
by Patrick on 19 May 2018  21 comments, latest 2 days ago
https://www.themaven.net/misht It makes little sense to refi at these rising rates. But here we are. ...But why is there any refi activity all at all?In September 2017 the MND mortgage...

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New Fed study on "Home Prices, Housing Wealth and Home Equity Extraction" (newyorkfed.org)
by Patrick on 20 May 2018  22 comments, latest 2 days ago
https://www.newyorkfed.org/med Tons of great graphs.

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US cell carriers are selling access to your real-time phone location data (zdnet.com)
by Patrick on 16 May 2018  11 comments, latest 2 days ago
https://www.zdnet.com/article/ Four of the largest cell giants in the US are selling your real-time location data to a company that you've probably never heard about before.In case you missed it,...

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Billionaires avoid real estate (therealdeal.com)
by Patrick on 20 May 2018  3 comments, latest 2 days ago
https://therealdeal.com/2018/0 Of the world’s 7.6 billion people, 2,754 of them are billionaires who have cumulatively amassed $9.2 trillion worth of assets, according to Wealth-X’s annual census, and about 3 percent...

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How Blockchain Will Change Investing and Why Real Estate Will Be First (fortune.com)
by Patrick on 20 May 2018  1 comment, latest 3 days ago
http://fortune.com/2018/05/19/ According to Sacks, the advantage of tokens is they reduce or eliminate the “illiquidity discount” for assets that can’t be publicly traded. This discount means people pay less because...

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Wall Street’s new housing frontier: Single-family rental houses (curbed.com)
by Patrick on 20 May 2018  1 comment, latest 3 days ago
https://www.curbed.com/2018/5/ How the foreclosure crisis created the single-family rental industryThe industry is composed of a small number of key players. Invitation Homes and American Homes 4 Rent, the second-biggest single-family...

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Same article in papers thousands of times, always deliberately confusing LAND VALUE with house value (dailymail.co.uk)
by Patrick on 11 Apr 2018  10 comments, latest 3 days ago
It's amazing how many times the same article can get printed, just with a different address and different price. In every case the story is the same:* Look at this...

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Is it time to put a price cap on the real estate market? (born2invest.com)
by Patrick on 17 May 2018  6 comments, latest 3 days ago
https://born2invest.com/articl Prices are slowing or backing off on the high end. Hot markets have gone from $10 million plus to $5 million plus. Manhattan condo sales have plummeted to a...

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Average house price in Canada fell 11% in past year (cbc.ca)
by Patrick on 20 May 2018  Posted 3 days ago
http://www.cbc.ca/news/busines The average price of a Canadian home declined by more than 11 per cent in the 12 months up to April, the Canadian Real Estate Association said Tuesday.The realtor...

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House Prices Across Connecticut Have Failed To Recover Since Peak In 2007 (ctnow.com)
by Patrick on 17 May 2018  9 comments, latest 3 days ago
http://www.ctnow.com/news/hc-c Home prices across Connecticut — hit hard in a housing downturn that gripped the state a decade ago — have yet to stage a broad-based recovery and remain 15...
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The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


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