Posts Tagged ‘Housing’

  • Nikkei’s Flash Crash Spooks Markets Around the World

    10.11.2017 • United KingdomComments Off on Nikkei’s Flash Crash Spooks Markets Around the World

    But what happened? The Japanese Nikkei index was up more than 2% to another record high by mid-morning yesterday. All was as it should be. Next thing, it was down 1.7%, a terrible lurch of more than 3.5% in a matter of minutes.

  • Japanese Girlfriends Won’t Help You Buy Your First House

    01.09.2017 • United KingdomComments Off on Japanese Girlfriends Won’t Help You Buy Your First House

    If you're under 35, odds are that you won't ever be able to buy a house, especially not on your own. You could ask your girlfriend for help, but if she's Japanese, she'll know better...

  • Housing Bubbles Reaching Critical Levels in Canada, Australia, and Hong Kong

    22.08.2017 • United KingdomComments Off on Housing Bubbles Reaching Critical Levels in Canada, Australia, and Hong Kong

    China’s epic government stimulus saved commodity nations and Hong Kong. It triggered huge debt growth inside China that financed construction with a ravenous appetite for commodities. But now the Chinese policy has changed to reign in the shadow banking

  • Shady Labor Laws Cost Temp Workers 50% of Their Income

    01.08.2017 • SwitzerlandComments Off on Shady Labor Laws Cost Temp Workers 50% of Their Income

    Companies that abuse temp workers usually do so legally by loosely interpreting badly translated laws, making the very definition of 'minimum wage' unclear.

  • 0% Interest Will Cost European Industrial Workers 100% of Their Jobs

    01.08.2017 • SwitzerlandComments Off on 0% Interest Will Cost European Industrial Workers 100% of Their Jobs

    Jean Pisani-Ferri, the economist who wrote Emmanuel Macron's financial master plan, predicted the disappearance of one million industrial jobs over the next 10 years, and this time around it's not China's fault.

  • Student Debt Will Prevent Your Children From Ever Owning a Home

    21.07.2017 • United StatesComments Off on Student Debt Will Prevent Your Children From Ever Owning a Home

    Subprime auto defaults is soaring. Student loans stand at $1.4 trillion, double what it was in 2009. Alas, debt has cast a dark shadow over America's young people, and according to the New York Fed, the consequences extend far beyond them...

  • Low Interest Rates Won’t Save Indian Real Estate

    09.05.2017 • IndiaComments Off on Low Interest Rates Won’t Save Indian Real Estate

    Thanks to demonetization, the banks have received an influx of cash, which has kept interest rates low. But if people need to start buying homes again, lower interest rates just don't help enough. The home prices need to come down.

  • Who is John Galt?

    27.04.2017 • United KingdomComments Off on Who is John Galt?

    That's a good answer to where we’re heading. Our world is growing more and more similar to the world of Ayn Rand’s Atlas Shrugged. Stability and the welfare of all is the justification for a government-controlled financial sector.

  • Why Would You Go to Nicaragua?

    23.03.2017 • Emerging MarketsComments Off on Why Would You Go to Nicaragua?

    That's the same question we had when one of our roving reporters discovered an opportunity there 20 years ago. “You should,” was his reply. “It has some of the best beachfront property in the world. And they’re practically giving it away.” We

  • Indian Real Estate Prices on a Slow Decline

    23.03.2017 • The EconomyComments Off on Indian Real Estate Prices on a Slow Decline

    Over the last few years, in many markets in the country, real estate prices have fallen. Despite this, many sellers are still anchored on to the peak price their home had achieved a few years back. I see this phenomenon play out very well in and around Delhi.

  • Aussie Retirement Funds Forbid Home-Buyers to Dip Into Pensions

    21.03.2017 • The EconomyComments Off on Aussie Retirement Funds Forbid Home-Buyers to Dip Into Pensions

    By Kris Sayce – Port Phillip Insider (Australia) – And so, another political thought bubble is consigned to the waste paper bin of history — for now, anyway. That was the idea of allowing first home buyers to cash-in some of their

  • Aussie Barbecue Tip: Keep the Housing Market Talk to Yourself

    20.03.2017 • InvestingComments Off on Aussie Barbecue Tip: Keep the Housing Market Talk to Yourself

    By Selva Freigedo – Port Phillip Insider (Australia) – Last weekend, I (Selva Freigedo) made a big mistake. During a barbeque at a friend’s house, I brought up the Australian property market. Friendly chatter turned into a heated argument, and

  • Confidence in Australia’s Housing Market Erodes

    17.03.2017 • InvestingComments Off on Confidence in Australia’s Housing Market Erodes

    Only 11.6% of Australian consumers now think that property is a safe place for savings. That's down from 28% in September 2015. In other words, as recently as just over two years ago, nearly one-third of consumers thought housing was a safe bet. Today,

  • Housing Trouble Down Under

    15.03.2017 • InvestingComments Off on Housing Trouble Down Under

    By Kris Sayce – Port Phillip Insider (Australia) – Trouble mounts. Not for Donald Trump, but for Aussie housing. As the Sydney Morning Herald explains: ‘Hundreds of new home owners have been left in limbo after the collapse of a land developer

  • What’s Ailing America?

    10.03.2017 • The EconomyComments Off on What’s Ailing America?

    By Kris Sayce – Port Phillip Insider (Australia) – The Wall Street Journal reports: ‘U.S. household net worth climbed to a record $92.8 trillion in the fourth quarter of 2016, as the end-of-year surge in stocks and a steady climb in home prices

  • Deluded Bankers Play Down Threat of Australian Housing Bubble

    09.03.2017 • InvestingComments Off on Deluded Bankers Play Down Threat of Australian Housing Bubble

    By Kris Sayce – Port Phillip Insider (Australia) – We guess the inference here is that because all these supposedly non-socialists advocated a dumb policy idea, it must be a perfectly sane idea for a socialist government to implement. Of course,

  • Prepare for a Boom in the Australian House-Sitting Industry

    08.03.2017 • The EconomyComments Off on Prepare for a Boom in the Australian House-Sitting Industry

    We had a good laugh reading today’s Australian Financial Review in relation to a story on Victoria’s new vacant property tax. The attempt to raise tax revenues and decrease vacant homes can be avoided by unconventional means.

  • Australian Housing Prices Now Up 250% People are borrowing more and more as interest rates go lower and lower

    06.03.2017 • The EconomyComments Off on Australian Housing Prices Now Up 250% People are borrowing more and more as interest rates go lower and lower

    They’re falling over themselves to get a loan to get on the property ladder. On the other hand, credit is being dumped by savvy European investors who know that if the proverbial hits the fan, it’ll get real ugly.

  • Australia Doubles Grants Available to Home Buyers

    03.03.2017 • InvestingComments Off on Australia Doubles Grants Available to Home Buyers

    By Kris Sayce – Port Phillip Insider (Australia) – We enjoyed this news story from the KPIX CBS affiliate in San Francisco: ‘California could have to hand over some documents on cellphone use it tried to keep under wraps. ‘On Friday, a

  • Is Foreign Investment Driving Australia’s Housing Boom?

    13.02.2017 • Investing

    By Vern Gowdie – The Daily Reckoning (Australia) – The impact of foreign investors wading into Australia’s property market has gained a lot of traction in the press — and among politicians too. Resulting in a tightening up of foreign

  • Green Energy Threatens to Drive Australian Gas Prices Up

    08.02.2017 • Investing

    By Kris Sayce – Port Phillip Insider (Australia) – We’ve banged on about high house prices for so many years that we’ve almost lost count of when we started. We think it was back in 2005, when we started writing The Daily Reckoning eletter.

  • A Letter From the Editor: Let Free Markets Reign

    01.12.2016 • Investing

    By Merryn Somerset Webb – MoneyWeek Magazine (Great Britain) – The consensus view on Philip Hammond’s Autumn Statement is that it wasn’t very interesting. But the consensus may be wrong. To see why, consider something he dropped in around the

  • More Trouble for Aussie Economy

    01.12.2016 • Politics and War

    By Kris Sayce – Port Phillips Insider (Australia) – It’s piling up. By ‘it’s’, we mean trouble. Business investment down. Economy on the edge of recession. Housing market on verge of collapse. You see — trouble. Then again, we’ve said

  • Philip Hammond’s Looking for Market Failure in the Fund Management Sector

    01.12.2016 • Central Banks

    I wrote in this week’s MoneyWeek editor’s letter that Philip Hammond’s abolition of letting fees for tenants should be seen as the start of this government’s intention to intervene wherever it sees “market failure.”