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Sucker Homes: What $1 Million Buys

Written by Gary North on February 25, 2015

million-dollar-home

Anyone who pays $1 million for a home had better be worth at least $5 million, and had better earn $300,000 a year. This article lets you see some real dumps in places close to San Francisco. It also lets you see some homes that would cost $250,000 where I live. People should rent in […]

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Housing Recovery: Thin Ice

Posted on January 27, 2015

housing-market

By Mark Hanson This “housing recovery” has not been about demand, rather house-price super-inflation, which is suspect as price is a “lagging” indicator to demand. Existing Home demand has been extremely weak since mid-2013, when rates popped and the unorthodox demand began to dry up. “End-user” Existing home demand has been weak since 2007. Builder […]

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Housing Bubble II: The Feds Are at It Again

Posted on January 26, 2015

housing-bubble

Uncle Sam wants to make it more affordable for Americans to buy their first home. The recent policy changes affect government-backed home loans and could make it less costly for first-time buyers to come up with a down payment or to afford private mortgage insurance. The changes center on the Federal Housing Administration and mortgage […]

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3D Printed 5-Story House Shell — China

Posted on January 20, 2015

3D-printed-houses

On March 29, 2014, ten 3D printed houses, each measuring 200 square meters, appeared in Shanghai, China. The buildings were created entirely out of concrete using a gigantic 3D printer, and each costs only 30,000 RMB ($4,800). Today, just ten months after the initial project, the company behind these 3D printed buildings, Shanghai WinSun Decoration […]

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Mortgage Rate: 3.8% for 30 Years

Written by Gary North on December 19, 2014

mortgage-rates

The rate of price inflation (median CPI) was up a tiny 0.1% last month.   The CPI was down by -0.3%. The 30-year mortgage rate is at 3.8% There is no “inflation premium” in the mortgage rate today. This sends a signal: “Don’t worry about price inflation. Lend!” This will prove to be a misleading signal […]

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China’s Housing Bubble Has Popped

Written by Gary North on August 27, 2014

china-bubble

Those trusting souls who arrived late to the biggest housing bubble in history have lost a lot of money. They are going to lose a lot more. It’s here at last. Pop. Writes MarketWatch: In one case, scores of property owners surrounded a Shanghai sales office of Greentown China Holdings Ltd. 3900, +8.58% GTWCF, -33.19% […]

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Single Family Housing Market: Stagnant. Apartments: Booming.

Posted on May 20, 2014

apartments

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 […]

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Houses Built by 3D Printers for $5,000 Each

Written by Gary North on May 13, 2014

3d-printing-construction

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 […]

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