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Posts posted by callmejoe
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http://www.transients.info/2014/11/former-nuclear-director-at-department.html
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http://www.zerohedge.com/news/2014-10-28/has-never-happened-without-massive-bubble-bursting
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If you listen to Clif High's latest IDIR, he says there's going to be huge dumping of houses on the market, starting in Nov.
USA, Canada, UK, Australia, new Zealand, China
Banks dumping properties to raise money.
Really bad from Nov to March, after which it gets worse
Very substantial drops in house prices
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First Majestic Silver CEO Calls on Fellow Miners to Form OPEC-Like Cartel & HALT PHYSICAL SILVER SALES to End the Paper Manipulation
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....The real-estate industry is mobilizing to kill a proposed levy on non-resident owners of apartments valued at more than $5 million.....
Brokers warn of economic calamity if officials slap a luxury tax on apartments owned by someone who lives in the city less than half the year.
The measure would raise about $665 million annually by requiring part-time New Yorkers to pay a 0.5 percent surcharge on dwellings valued at more than $5 million. The tax would rise incrementally to 4 percent for units valued at more than $25 million.
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http://www.bloomberg.com/news/2014-10-12/bargains-for-rich-as-costlest-london-homes-get-cheaper.html
Bargains for Rich as Costliest London Homes Get Cheaper
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Most definitely a webbot hit
Big money investors pull out of California dramatically: Large purchases from LLCs and LPs for trustee sales are down by over 80 percent from peak reached in 2012. -
Sterling Allen of Pure Energy Systems News needs money to keep running PESWiki. Here's the donation page.
If people genuinely wish to move to a better world with free energy and other good stuff like that, please step up and help keep resources such as this alive. It's up to us to pull together and help one another. The governments will do they can to suppress info on free energy and we should show that the will of the people trumps big corporations' self interests.
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http://www.gizmag.com/quant-e-sportlimousine-approved-europe-roads/33020/
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This is from the latest Clif High's report
By late Nov /Dec, you should start seeing ..... the housing market described for 2014 in the US and in Britain, as getting ready for a depression style deflation or a dump of pricesIt's going to get real ugly in terms of how that occurs as there is this race ... to get out -
This is what he said
By late Nov /Dec, you should start seeing ..... the housing market described for 2014 in the US and in Britain, as getting ready for a depression style deflation or a dump of pricesIt's going to get real ugly in terms of how that occurs as there is this race ... to get out -
I'm listening to the latest Clif High's report.
He said that all those non western people who have been buying property in the USA
will be abandoning American real estate because they saw all those troubles in Ferguson.
Especially at the high end of the market
They will or are trying to get out now before the Ferguson effect reaches where they have invested
These foreign buyers are the very last people propping up the market and they're leaving
He also includes Britain in this forecast as well.
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From the great man himself, Richard Russell
My current recommendation is that my subscribers buy physical silver. Silver, currently under $20 an ounce, is dirt cheap.
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http://www.zerohedge.com/news/2014-08-01/suddenly-wall-street-bailing-housing
....traders are looking for the exits from housing debt and the door is very narrow....
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http://www.zerohedge.com/news/2014-07-26/so-you-want-launder-money-out-china
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http://www.businessinsider.com/chinese-all-cash-buyers-in-us-housing-2014-7
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Joseph Farrell's thoughts on that Russian project
http://gizadeathstar.com/2014/07/two-russians-plan-build-tesla-wireless-transmission-station/
...the announcement of the Plekhanovs might be serving open notice that Russia intends to change the game in a rather dramatic fashion, for such a power system, if it could be made to work, would challenge the reigning petro-dollar paradigm, and that, of course, is now openly admitted to be a strategic goal of the BRICSA nations. ...
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How Foreign (Chinese) Buyers Impact US Home Prices, and What the Devalued Dollar Has to Do With It
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Clif High has predicted that the US housing market will crash soon after June 13th 2014
US Housing Market - Post June 13th, hits a [loosening] language structure that is multiply dimensional. Meanings of [loosening standards] (yet again), as well as [loosening (of laws?)], and [loosening] of the [damed inventory]. However, the result is being forecast as [opposite] what the [banksters] hope for. It will instead produce a [backlash (of prices?)] that will begin in the [south west] and is described as [sweeping/moving across] the [continent]. The [loosening] will NOT be a good thing over all, and is also cross linked over to [secrets revealed] where the [loosening (from banks)] will [expose] both [banksters] and [former banksters] with [piles (huge) of stolen wealth]. (6/3/2014)
http://www.zerohedge...-housing-market
Did China Just Crush The US Housing Market?
..... the marginal buyer in the US luxury housing segment was ... Chinese oligarchs ......
..... all the relentless move higher in ultra luxury properties prices was simply a recycling of China's hot money, which ..... merely ended up in US real estate.....
..."how?"
....it has to do with officially sanctioned "money laundering" services by ... two of China's largest banks: Bank of China and ... Citic.....
PBOC not only was aware of these secretive and law-breaking deals, but was effectively encouraging them....
....why would the PBOC agree to quietly bless this activity which it has, at least openly, blasted vocally in the past?
Simple - to keep inflation in check.
Assuming there is the anticipated resulting backlash and crackdown on Chinese banks, .... this could well be the worst possible news not only for Chinese inflation .... but also for the ultra-luxury housing in the US.
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http://www.zerohedge.com/news/2014-07-10/introducing-ghost-skyscrapers-new-york-city
Introducing Ghost Skyscrapers... In New York City
Late last month, New York Magazine published a lengthy and very important article titled: Stash Pad – Why New York Real Estate is the New Swiss Bank Account. ..... it’s a real shame to see the continued transformation of Manhattan into nothing more than an oligarch playground.....“The Census Bureau estimates that 30 percent of all apartments in the quadrant from 49th to 70th Streets between Fifth and Park are vacant at least ten months a year.”....it appears The Bank of China is facilitating money laundering for wealthy Chinese to move dirty money overseas and park it in real estate. The article is titled, Chinese Purchases of U.S. Real Estate Jump 72% as The Bank of China Facilitates Money Laundering, and noted that in some California communities 90% of purchases are being made by the Chinese. .... -
US Real Estate ... IYR, HGX, PHM
Updated May'23: OverValued at $67? But PE is only 6x
PHM- etc ... 10yr chart: since 2013: Apr.21: $67.13, PER: 5.79, Yield: 0.95%
10yr chart: since 2013:
http://rt.com/business/171496-china-california-homes-property/
China buys $22bn worth of US homes, leads global pack
Chinese buyers spent $22 billion on US homes in the 12-month period ending in March, or about 24 percent of total foreign sales by dollar value, according to a study released Tuesday by the National Association of Realtors (NAR). That’s up from $12.8 billion, or 19 percent, on the previous year.
Total international purchases of American homes jumped to $92.2 billion, according to the NAR, an increase of $68.2 billion on the year before and $82.5 billion for the year ending in March 2012.
Foreign clients made up about 7 percent of transactions in the $1.2 trillion US real estate market.
Thanks to a surging economy that has seen China rival the United States as the world’s economic superpower, newly affluent Chinese customers are the silver lining in the US real estate market, which is slowly rebounding following the 2008 financial crisis.
Chinese buyers, looking for their own piece of the ‘American Dream,’ paid on average $523,148 per property. By comparison, Americans paid an average price of $199,575, according to NAR’s statistics.
Sixteen percent of sales went to Chinese buyers, and is the fastest growing sector, behind Canada at 19 percent, down from 23 percent the year before. Mexico ranked third with 9 percent of sales and India and the UK both accounted for 5 percent.
(Added in edit, a chart):
IYR / iShares U.S. Real Estate ETF ... All-Data :
HGX / PHLX Housing Index ... All Data : 3-yrs : 12mos / 10d
http://i273.photobucket.com/albums/jj235/jimolsen2/AG/HGX-all_zpsgjbktnlq.gif
PHM / Pulte Group Ltd ... All Data : 3-yrs : 12mos / 10d
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It's being promoted on a number of websites
http://www.transients.info/2014/07/russian-physicists-seek-help-to-build.html
US Real Estate ... IYR, HGX, PHM
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