callmejoe Posted July 12, 2014 Report Share Posted July 12, 2014 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 Link to comment Share on other sites More sharing options...
callmejoe Posted July 12, 2014 Author Report Share Posted July 12, 2014 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. .... Link to comment Share on other sites More sharing options...
callmejoe Posted July 12, 2014 Author Report Share Posted July 12, 2014 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. Link to comment Share on other sites More sharing options...
callmejoe Posted July 12, 2014 Author Report Share Posted July 12, 2014 http://www.scmp.com/business/banking-finance/article/1550351/bank-china-laundering-money-would-be-emigrants-cctv-reports Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV Link to comment Share on other sites More sharing options...
callmejoe Posted July 12, 2014 Author Report Share Posted July 12, 2014 http://investmentwatchblog.com/how-foreign-chinese-buyers-impact-us-home-prices-and-what-the-devalued-dollar-has-to-do-with-it/ How Foreign (Chinese) Buyers Impact US Home Prices, and What the Devalued Dollar Has to Do With It Link to comment Share on other sites More sharing options...
drbubb Posted July 12, 2014 Report Share Posted July 12, 2014 "Clif High has predicted that the US housing market will crash soon after June 13th 2014" After June 13th - like End of June / Early July, could prove to be an excellent call for a Top HGX / PHLX Housing Index (INDEX)... update : 5-yr-Chart // PHM-5yrs : PHM-1yr : PHM-vs-HGX-4yrs Link to comment Share on other sites More sharing options...
drbubb Posted July 12, 2014 Report Share Posted July 12, 2014 NEW TAX NEEDED ? “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. Here's My suggestion: TAX EMPTY apartments: If someone can PROVE it is their main home - because they list it as their primary residence for Tax Purposes, then fine. But if not: They should pay a tax, the higher of: == + Tax due from Rental income + Taxed AS IF it were rented out at 50% of Expected Rental income This would encourage people to Live there, or rent it out. Why should the Rich get away with holding these resources without contributing ?? Link to comment Share on other sites More sharing options...
callmejoe Posted July 15, 2014 Author Report Share Posted July 15, 2014 http://www.businessinsider.com/chinese-all-cash-buyers-in-us-housing-2014-7 China Bought $22 Billion Worth Of US Homes Over A Recent 12-Month Span Link to comment Share on other sites More sharing options...
callmejoe Posted July 27, 2014 Author Report Share Posted July 27, 2014 http://www.zerohedge.com/news/2014-07-26/so-you-want-launder-money-out-china So You Want To Launder Money Out Of China? Link to comment Share on other sites More sharing options...
callmejoe Posted August 5, 2014 Author Report Share Posted August 5, 2014 http://www.zerohedge.com/news/2014-08-01/suddenly-wall-street-bailing-housing Suddenly, Wall Street Is Bailing On Housing ....traders are looking for the exits from housing debt and the door is very narrow.... Link to comment Share on other sites More sharing options...
drbubb Posted August 7, 2014 Report Share Posted August 7, 2014 http://www.zerohedge.com/news/2014-08-01/suddenly-wall-street-bailing-housing Suddenly, Wall Street Is Bailing On Housing ....traders are looking for the exits from housing debt and the door is very narrow.... None of this matters all the time the virtuous circle continues of billions in Fed money driving down spreads/rates across the board... but when investors get itchy fingers and decide to sell, this happens... As Bloomberg reports, the $8.2 billion of risk-sharing securities sold in the last year by government-controlled Fannie Mae and Freddie Mac can shift their losses from homeowner defaults to bond buyers. One slice of a deal issued in May traded at 95.7 cents on the dollar yesterday, down from 99.7 cents at the end of last month, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. A plunge like this in one specific mortgage bond as small doors and large crowds do not play well with one another. Link to comment Share on other sites More sharing options...
callmejoe Posted August 30, 2014 Author Report Share Posted August 30, 2014 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. Link to comment Share on other sites More sharing options...
callmejoe Posted August 30, 2014 Author Report Share Posted August 30, 2014 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 prices It's going to get real ugly in terms of how that occurs as there is this race ... to get out Link to comment Share on other sites More sharing options...
drbubb Posted August 30, 2014 Report Share Posted August 30, 2014 PHM / Pulte - holding up pretty well ... update xx A good short now? Link to comment Share on other sites More sharing options...
callmejoe Posted September 9, 2014 Author Report Share Posted September 9, 2014 Most definitely a webbot hit http://www.doctorhousingbubble.com/big-investors-california-llc-lps-purchase-volume-cash-sales/ 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. Link to comment Share on other sites More sharing options...
callmejoe Posted October 15, 2014 Author Report Share Posted October 15, 2014 http://libertyblitzkrieg.com/2014/10/15/meet-the-pied-a-terre-levy-the-proposed-tax-that-could-crush-high-end-nyc-real-estate/ Meet the Pied-à-Terre Levy – The Proposed Tax that Could Crush High End NYC Real Estate ....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. Link to comment Share on other sites More sharing options...
callmejoe Posted October 28, 2014 Author Report Share Posted October 28, 2014 http://www.zerohedge.com/news/2014-10-28/has-never-happened-without-massive-bubble-bursting This Has Never Happened Before Without A Massive Bubble Bursting Link to comment Share on other sites More sharing options...
callmejoe Posted November 13, 2014 Author Report Share Posted November 13, 2014 "World’s Richest Restaurateur" Sees An Imminent Crash In America's "Crazy" Real-Estate Market Link to comment Share on other sites More sharing options...
callmejoe Posted November 19, 2014 Author Report Share Posted November 19, 2014 http://www.zerohedge.com/news/2014-11-19/open-floodgates-chinese-inquiries-us-real-estate-soar-35-after-easing-visa-rules Open The Floodgates: Chinese Inquiries On US Real Estate Soar 35% After Easing Of Visa Rules It’s bad enough that American financial oligarchs have leveraged free money polices of the Federal Reserve to purchase tens of billions of dollars in real estate only to rent it back to people who were kicked out of their homes during the 2008 crisis, but the government is now going out of its way to allow Chinese (and other foreign criminals) to launder money via U.S. property........ Apparently, the level of ill-gotten funds flowing into U.S. real estate still hasn’t reached the level desired by policy makers. As such, China and the U.S. have extended the terms of multiple entry short-term tourist and business visas to 10 years from one year.Reuters reports the result has been a 35% jump in Chinese interest..... Link to comment Share on other sites More sharing options...
callmejoe Posted November 26, 2014 Author Report Share Posted November 26, 2014 http://www.zerohedge.com/news/2014-11-26/california-housing-market-cracks-two-top-end-goes-crazy California Housing Market Cracks in Two, Top End Goes Crazy Link to comment Share on other sites More sharing options...
callmejoe Posted January 18, 2015 Author Report Share Posted January 18, 2015 http://www.zerohedge.com/news/2015-01-17/pin-meet-housing-bubble-20 'Pin' Meet 'Housing Bubble 2.0' .... No amount of government data manipulation, feel good propaganda spewed by the captured mainstream media, or Ivy League educated Wall Street economist doublespeak, can change the fact this economy is in the dumper and headed much lower. The Greater Depression is resuming its downward march toward inevitable war....... Link to comment Share on other sites More sharing options...
callmejoe Posted January 21, 2015 Author Report Share Posted January 21, 2015 http://www.zerohedge.com/news/2015-01-21/americas-ultra-luxury-housing-bubble-has-burst-deals-have-slowed-trickle America's Ultra Luxury Housing Bubble Has Burst: "Deals Have Slowed To A Trickle" Link to comment Share on other sites More sharing options...
callmejoe Posted February 8, 2015 Author Report Share Posted February 8, 2015 http://www.zerohedge.com/news/2015-02-07/nyt-exposes-criminal-money-laundering-underworld-supporting-manhattans-luxury-housin The NYT Exposes The Criminal Money-Laundering Underworld Supporting Manhattan's Luxury Housing Bubble We will let readers go through the article on their own, but we will highlight something that we have been writing virtually every year since late 2011, and which, as usual, got us branded as conspiracy theorists if only in the beginning. Because, you see, once it hits the NYT it all magically becomes fact. The New York Times documented a decade of ownership in this iconic Manhattan way station for global money transforming the city’s real estate market. The Times also found a growing proportion of wealthy foreigners, at least 16 of whom have been the subject of government inquiries around the world, either personally or as heads of companies. Lacking incentive or legal obligation to identify the sources of money, an entire chain of people involved in high-end real estate sales — lawyers, accountants, title brokers, escrow agents, real estate agents, condo boards and building workers — often operate with blinders on. As ... a former manager of the condos at Time Warner, said: “The building doesn’t know where the money is coming from. We’re not interested.” What becomes clear combing real estate records is that many Time Warner buyers have taken even greater steps, beyond using L.L.C.s, to keep their names out of sight. On many deeds, the line for the buyer’s signature is left blank, is illegible or is signed by a lawyer or other representative. Phone numbers are registered under lawyers’ names; the owner’s line on renovation permits is signed by Time Warner staff members; tax statements are addressed to the L.L.C.s. And because most of the sales are in cash, there are few mortgage statements, another public document that might identify an owner or trigger scrutiny. Nobody knows where the money comes from. Why? Because most of the time it has been obtained illegaly There is much, much more in the NYT article, most of it dealing with the revealed identities of the buyers, most of whom one can say with absolute certainty are either domestic or offshore tax-evaders, oligarchs or outright "organized" crime lords, or even worse Link to comment Share on other sites More sharing options...
callmejoe Posted February 8, 2015 Author Report Share Posted February 8, 2015 Now that reminds me of that leaked phone call which the Turkish PM had with his son. The latter was suggesting that they go and spend $5m (or some amount like that) on a property because they needed to stash some cash somewhere very urgently. Link to comment Share on other sites More sharing options...
callmejoe Posted June 11, 2015 Author Report Share Posted June 11, 2015 zerohedge @zerohedge 1h1 hour ago Foreclosure completions have soared 50% from a year ago which means much more inventory is coming to market Link to comment Share on other sites More sharing options...
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