“Investors will this week be offered the chance to buy a novel security backed by thousands of foreclosed homes across the US purchased by the private equity giant Blackstone and converted into rental properties. The sale will be closely watched by bankers, hedge funds and private equity firms, with a belief that strong demand for […]
The same old same old is back in Dubai: http://www.ft.com/intl/cms/s/0/24335522-2c20-11e3-8b20-00144feab7de.html “Speculators fuel property surge in Dubai“ I did a strategy session with Dan Denning at Port Phillip Publishing earlier this year (March) discussing the bullish outlook and highlighting how we would get a repeat of past behaviour, just like that starting again in Dubai. You […]
The new Bank of England Governor, Mark Carney, had this to say, September 2013, as a column in the FT: http://www.ft.com/intl/cms/s/0/a0e95652-1960-11e3-83b9-00144feab7de.html “A plan to finish fixing the global financial system“. Seems he hasn’t given up after all ! But oh how isn’t this simply echoing everything I wrote about in my book? The downturn after […]
Western economies are recovering out of the land-price-led lows of 2010 in text-book fashion; the 200 years of history of which I describe in my book Secret Life of Real Estate and Banking. Further buying by the Chinese in the UK and Europe: http://www.telegraph.co.uk/technology/news/10380821/George-Osborne-trumpets-Chinese-investment-in-London.html Chinese internet company Rekoo, also a social gaming company, is to […]
Madness really: Governments instituting housing policy designed to get more people onto the property ladder, especially in the UK; policies they know will just add to the cost of a house. This is partly a conspiracy. High house prices keep people working harder, enslaved to bank debt to afford entry, which makes for a tired […]
I think the cycle turned quickly this time, more quickly than prior cycles. http://www.theguardian.com/business/2013/sep/22/britain-runs-out-of-bricklayers “housing boom brings year of the 40k brickie“ It appears slower than past cycles both because we are living through it and also I think because expectations for results have sped up with technology innovation. I am still of the opinion […]
As reported in the FT last month: http://www.ft.com/cms/s/0/020103b6-0b4e-11e3-bffc-00144feabdc0.html “Central bankers have given up on fixing global finance” “The world is doomed to an endless cycle of bubble, financial crisis and currency collapse. Get used to it. At least, that is what the world’s central bankers – who gathered in all their wonky majesty last week […]
Seems to me we are back to business as usual… http://www.bizjournals.com/southflorida/news/2013/09/03/south-florida-home-pricing-jumps-more.html …where papers are reporting jumps again in house prices. Note how this is taken as hugely beneficial for the economy. All it does; it guarantees yet another cycle. And you should know this has every likelihood of again running to 18.6 years.
Perhaps its believable that events go in cycles; that what happens in the past tends to repeat sometimes, tho never exactly of course. But could you believe that the cycles take place in set time frames? From the volatile events of September 11, 2001; 30 months to the Madrid bombings, 45 months to the london […]
So who’d have thought… Banks bidding at auction to hold onto their own distressed properties / bad loans…. Read more at this link: http://www.heraldtribune.com/article/20130706/ARTICLE/130709746/2107/BUSINESS?Title=New-Big-lenders-bidding-to-keep-homes “They are speculating that the properties will appreciate even more in the next couple of years…“ And the real estate cycle turns exactly as previous ones have.
Get Your FREE Copy of:
Follow @Phil_J_Anderson on Twitter