Strategic default has become common and accepted in Las Vegas.
“Even with the Q4 bounce, real final sales have managed to eke out a barely more than 2% annual gain since the recession ended, whereas what is normal at this stage of the cycle is a trend much closer to 4%. Welcome to the new normal.
From John Sheriffus
So, How’d That Securitization Thing Work Out? – TBP Egypt and Tunisia usher in the new era of global food revolutions – Ambrose Evans-Pritchard Political risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip of authoritarian regimes in poor countries that import grain, whether in […]
While most of the positive press in 2010 surrounded the single family home market, perhaps no segment fared as well last year as apartments. Investors piled into multi-family properties for a host of reasons, which leaves the sector at a critical crossroads for 2011.
It often gets thrown around that owning real estate is a good “hedge” against inflation. That is, real estate prices will inherently rise under inflationary pressures. As far as conventional wisdom goes, this seems to be the case. But does this rising inflation = rising real estate prices relationship actually hold true? To investigate this idea further, we looked at three separate data time series: National Median Home Price, Dow Jones Industrial Average (DJIA) and Consumer Price Index (CPI, a measure of inflation).
An Irvine home owner loses more than 25% on his multi-million dollar Irvine property.