Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Posted on May 20, 2014
Builders ramped up construction in April, but they were mostly building multifamily apartment buildings. A monthly report from the U.S. Census Bureau showed total housing starts up 13 percent month to month, but that was driven by a 43 percent monthly jump in buildings with five or more units. Single-family housing starts rose just under […]
Continue reading →Written by Gary North on May 13, 2014
A Chinese firm can build ten houses a day for under $5,000 each. The construction is based on cement and used materials. You can see them here. This is a revolution. Give this another decade — maybe less. This will hit the construction industry like a ton of 3D-made bricks. Want a weekend getaway home […]
Continue reading →Posted on April 29, 2014
So you want to get into the real estate investment game without having to pick up a plunger to unstop a toilet when your tenant calls in the middle of the night. Your best bet might be a real estate investment trust, or REIT. Like bonds, the key to REITs is the non-correlation of the […]
Continue reading →Posted on April 26, 2014
The housing sector may or may not get better after a slow start to 2014. But regardless, it certainly won’t save the broader economy — at least not according to two professors who run a popular economics blog. On House of Debt, Princeton’s Atif Mian and University of Chicago Booth School of Business’s Amir Sufi […]
Continue reading →Posted on April 19, 2014
Should you rent or buy a home? Depends on where you live. To help make the decision simpler, RealtyTrac crunched the numbers and created an interactive map of the rent/buy fault lines across America, Baltimore has the most advantageous market in the U.S. for home buyers, with a net difference of $1,160 between renting and […]
Continue reading →Written by John Odermatt on April 18, 2014
Violent attacks on homeless people by tax-siphoning State agents have seemingly increased in recent times. Perhaps law enforcement has always lashed out against the less fortunate who are unable to protect themselves and the growth of Internet media has assisted by shining a spotlight to expose these incidents. Regardless of the reason why, incidents that […]
Continue reading →Posted on April 1, 2014
Despite harsh weather, home prices in the U.S. held up in February, with four states setting record highs, according to CoreLogic data released Tuesday. Home prices in Colorado, Nebraska, North Dakota and Texas hit peaks, and another 18 states were within 10% of their peak prices (see the above chart from CoreLogic). Factors driving home […]
Continue reading →Written by Gary North on December 26, 2013
A large number of Americans have decided not to borrow to buy a home. Last week, applications fell 6.3%. These figures are seasonally adjusted. This is in response to rising mortgage rates, which began in May. Since then, home sales have begun to fall. Mortgage applications had been rising for 18 months. The Federal Reserve’s […]
Continue reading →Written by Gary North on October 14, 2013
The most affordable city: Akron, Ohio (86%). The least affordable: San Francisco (14%). Most of the most affordable cities are in Ohio. Most of the least affordable cities are in California. How affordable is housing in your city? You can check this easily by using the handy list that is available on another site. Click […]
Continue reading →Written by Gary North on September 26, 2013
The Federal Reserve System’s policy known widely as QE3 is a massive subsidy of the rich at the expense of the middle class. This is the conclusion of Stephen Roach, who for years was chief economist for Morgan Stanley. He calls this policy destabilizing. He says this: the FED “is courting an increasingly treacherous endgame […]
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