Earlier, we learn … Illicit Chinese Cash Stops Flowing Into Canada Real Estate Canada Loses Luster as Destination for Illicit Chinese Cash Chinese fugitives who touched down in Vancouver or Toronto with suitcases of illicit cash might find it harder to keep their fortunes. More HERE Apparently a lot more is being channeled into the United […]
Canucks in Florida, go home
U.S. families may have a few choice words for Canadians hoping to buy a property down south. That’s because many Americans feel they’re being shut out of the recovering housing market—forced to wait, watch and rent the homes they’d like to purchase, as Canadians, Chinese and institutional investors, among others, outbid them and snap up […]
Is another bubble forming in the U.S. housing market?
Sign of Another U.S. Housing Market Bubble? In fact, since the industry nearly collapsed six years ago, new-home construction for builders like Lennar is now clearly on an upswing. According to the March 2013 report from the U.S. Commerce Department, new home construction was on pace for more than one million units for the first […]
Canada heading into a slow-motion version of the U.S. housing bust: Robert Shiller
For some time, there has been talk of a growing housing bubble in Canada. Robert Shiller, the economist who famously predicted the U.S. housing bubble, has toldCBC News’ Neil Macdonald, “I worry that what is happening in Canada is kind of a slow-motion version of what happened in the U.S.” Macdonald writes that Shiller and other […]
Paul Krugman’s Conpiracy Theory On Housing Bubble
Krugman’s Call for a Housing Bubble In 2009, Lew Rockwell posted this quote of Paul Krugman’s from a 2002 New York Times editorial: To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. Krugman. 2002. Calling for a housing bubble. What’s […]
Home prices soaring back, economists say, but don’t cry bubble yet
Home sales are hot. Prices are climbing. Supplies are increasingly tight. All these positive signs for the housing market are nice, but many wonder the same thing: Is this a new bubble, or what? It’s easy to see how today’s housing market could trigger flashbacks to the frothy mid 2000s boom. Bidding wars are rampant, […]