The Billionaire Next Door Driving Up Housing Costs for Everyone
The rich are busy turning the 20th-century dream of owning your own home into the grubby 21st-century reality of renting your own home forever.
Read more...Category Archives: Real estate
“The Right to Housing, Not Vacation Homes”
Efforts to curb AirBnB running unlicensed hotels, which cannibalizes residential housing, have not gone far enough.
Read more...Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.
Read more...Is China’s Economy Collapsing? Economic War! Michael Hudson & Richard D. Wolff
A wide-ranging talk, using Western bashing of China’s economy as a point of departure.
Read more...New Technologies to Get Around Old Laws: Algorithms Being Used to Evade Antitrust Rules, Fix Prices and Worse
Is organizing a price-fixing cartel still illegal if an algorithm tells you to do it?
Read more...Prices of New Houses Drop Further, -18% Year-Over-Year, Sales Drop, High Inventories Rise Further, Supply Jumps
More unhappy news on the residential real estate front: lotta unsold houses out there!
Read more...The Environmental Impact of Housing and Heating
Good news on the climate change front: some easy fixes to housing would have an impact.
Read more...Russia, China Unite Against US Empire
Michael Hudson on China’s wobbles, Russia-China cooperation, the revolt against colonialism and neoliberalism, and the conflict in Gaza.
Read more...WSJ’s Greg Ip Discusses China Crisis Risk
Fed whisperer Greg Ip expresses cautious concern about China, based on the latest IMF forecasts.
Read more...30-Year Treasury Yield Spikes Past 5%, 30-Year Mortgage Rates Hit 8%, Mortgage Applications Plunge
Treasury bond bloodbath, housing Market in deep-freeze, as delusions fade.
Read more...The Increasing Financialization of Germany
The FIRE sector capitalizes on Germany’s industrial decline as government diverts money from social programs to military.
Read more...US Home Insurers Are Leaving Climate Risk Areas. We Need Affordable Housing Now
When the US housing crisis meets the looming insurance crisis, only government intervention will avert catastrophe.
Read more...Hot Temperatures: A New Player in Housing Markets
Identifying a new source of climate change housing price risk: heat, as in too much.
Read more...Hoisted from Comments: China’s Unsustainable, Unbalanced Growth Model and Its Current Economic Wobbles
Musings on the routes for China out of its economic problems and whether China will actually take them.
Read more...China Schizophrenia: Jake Sullivan Makes Demands, Press Fulminates Its Ambitions as While Overhyping Current Economic Wobbles
The West’s discomfort over China’s influence and economic stature is sometimes a bit too obvious.
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