Addicted To Something So Easy To Get

Macleans reports from Canada. "With all the rage, greed and animosity, the country’s already overheated housing market has hit yet another level—one where desperate, would-be buyers clamour, wild-eyed, for a slice of the action, while existing homeowners go to extreme lengths to protect their...
Read more (32 comments)

The Last 20 Years Were An Aberration

A weekend topic on construction, Builder Online. "I have been sitting on the sidelines and patiently watching the spring selling season play itself out and testing a couple of hypotheses in my head regarding where we are, where we are going, and what strategies might be appropriate to consider. One...
Read more (72 comments)

Recognizing Irrational Exuberance In Others

It's Friday desk clearing time for this blogger. "Prices of real estate started their dramatic rise in or near 1997 with the decline beginning in 2006. The psychological foundation of this 'speculative bubble' defined as price increases not based on fundamental values, was irrational exuberance, a...
Read more (83 comments)

Speculators Have Subverted The Sharing Economy

The Los Angeles Times reports from California. "Airbnb continues to promote an image of helping mom-and-pop homeowners raise a little extra cash, but its platform has drawn far bigger operators who buy properties to rent out full-time. Cities from New York to Santa Monica are trying to figure out...
Read more (58 comments)

A Continuing Trend Toward A Correction

The Tampa Bay Times reports from Florida. "With interest rates near rock bottom, unemployment down sharply and a Florida economy on the rise again, you'd think homeownership would be on the upswing. But cheap mortgages are not stemming the tide. Homeownership peaked in Florida in 2005-2006 at 72.4...
Read more (67 comments)

Robbing People Of Significant Amounts Of Equity

CTV Vancouver reports from Canada. "In recent weeks, Vancouver Mayor Gregor Robertson has called for the implementation of a 'speculation tax' on those who 'flip' properties for profit. He sent a letter to British Columbia Premier Christy Clark asking her consider such a tax, as well as to ask for...
Read more (68 comments)

This Is A Different Market

A report from the Coloradoan. "Critics say rising home prices are threatening the future character of Old Town Fort Collins. With many homes between 900 and 1,200 square feet, Old Town was a viable option for first-time homebuyers attracted by the small sizes and lower prices — up until about five...
Read more (62 comments)

What Started It Was The Buzz

A weekend topic to connect some dots on the price surge in certain markets compared to the slowdown a few months ago. The first two from the Mercury News in California. January 2015: "San Jose and San Francisco lead the nation in house flipping, according to Trulia, but the best days for making a...
Read more (187 comments)