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Controlling Your Children from Beyond the Grave

Written by Gary North on January 7, 2013

I received this inquiry: I have been purchasing 1 oz gold coins over the past several years as central bank insurance, and am beginning to accumulate a substantial amount. After I die, I’m afraid my heirs will immediately exchange this gold for paper currency units, having no idea or care of the gold’s importance. The […]

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“Chinatown” Next Door Is Booming

Written by Gary North on December 10, 2012

Chinese buyers/investors accounted for 7% of the $82 billion that foreign investors sank into U.S. housing last year. That’s right. Foreigners see U.S. housing as a bargain, which it really is. This is the lowest-price, highest quality urban housing on earth. This is why I’m bullish on buying rental homes today. If you buy right, […]

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Vacant Homes: 14 Million (Early 2009), 14 Million (2012)

Written by Gary North on December 7, 2012

Has housing bottomed? No. In early 2009, there were 14 million empty houses in the United States, for whatever reason. In October 2009, there were 18.8  million. In 2011, there were 18.4 million. Today, there are 14 million. In other words, we are back to the level of early 2009. That was a recession year. […]

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Free Rent in Your State: Check the Statistics

Written by Gary North on December 6, 2012

Home owners who cannot afford their mortgage payments can get free rent. They just stop paying. It’s painless. How long can they get away with this before the lender can foreclose. In most states, at least a year. In New York, three years. You can save up a lot of money if you have three […]

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Home Prices Will Fall Through Next June, Minimum

Written by Gary North on December 6, 2012

Over half of American homes will drop in price between now and next June. That is the conclusion of an article on CNN. This has to do with the fiscal cliff, we are told. The fiscal cliff will produce a recession. The question is this: Why won’t we get a recession anyway? The signs are […]

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More Homeowners Over 50 Are Defaulting on Their Mortgages

Written by Gary North on December 4, 2012

You might think that middle aged homeowners would live in paid-off homes. Not so. They kept buying up. They kept taking on more mortgage debt. Then they borrowed against their equity. We now face a new situation. They are defaulting. Homeowners more than 50 yearsold are falling into foreclosure faster than any other age group, […]

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New Home Sales Fell in October

Written by Gary North on November 30, 2012

The headlines blared this fact. Of course new home sales fell in October. September ends summer every year. Home sales usually decline in fall and winter. Seasonal activity affects real estate demand. We will have to wait until late spring to see if the real estate recovery is sustained. Sales were down slightly: 0.3% from […]

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Housing Market: Good News for Investors

Written by Gary North on November 29, 2012

News from the housing front indicates that house prices are rising. This sounds like good news for home sellers and bad news for home buyers. It looks like good news for home owners, except for property taxes. But when you are self-deluded, you regard your home as your number one investment. It isn’t. It’s an […]

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