Close to 50% of US Workers Can’t Afford to Rent One Bedroom Housing
An update on the already desperate and worsening state of the market for renters in the US.
Read more...Category Archives: Real estate
US History Shows Spending on Infrastructure Doesn’t Always End Well
Despite promoters’ claims, infrastructure projects often aren’t great public successes.
Read more...This Reddit Lament Sums Up Wonderfully What Lots of Home Buyers Will Grapple with as Housing Market “Normalizes” and Work from Home Fizzles
As Covid-exodus home purchases peters out, over-eager buyers are waking up with hangovers.
Read more...How Monopoly Was Invented to Demonstrate the Evils of Capitalism
Monopoly iencourages its players to celebrate exactly the opposite values to those its inventor intended to champion.
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Buyers’ Strike? Mortgage Applications Drop 8% Below 2019, as Home Buyers Get Second Thoughts about “Raging Mania”
Falling mortgage applications and rising home inventories signal a coming housing market pullback.
Read more...SoftBank-Funded Silicon Valley Unicorn Katerra, Which Was to “Transform” the Construction Industry, Collapses
Katerra, one of the rare unicorns with a real or at least plausible business, fell to Covid. Lawsuits will fly.
Read more...Despite Federal Moratorium, Eviction Rates Returning to Pre-Pandemic Levels
The eviction process is restarting, even when it is premature under the law. What will the collateral damage be?
Read more...Michael Hudson on American as Absentee Landlord on The Greyzone: Biden Administration, New Cold War, Super Imperialism, Dollar Weaponization
Michael Hudson discusses geopolitics including currency power plays, global institutions like the IMF, the new Cold War, and Bill Gates
Read more...Homeless Reflect on Life in a New York City Hotel Room, One Year Later
Covid housing for the homeless has been beneficial not just for public health but for many of the individuals in the program.
Read more...Even Credentialed Young People Pessimistic About Their Futures
The fact that even well-placed young people are insecure and pessimistic is further proof of the impact of inequality and rentierism.
Read more...Despite Federal Moratorium, Increasing Number of Texas Renters Face Eviction as State Protection Expires
A Texas program meant to financially help renters who have fallen behind has barely taken root.
Read more...Another Blow to Tax Evasion and Money Laundering: UK Targets Art Market After US Goes After Anonymous Shell Companies
The US and UK are making life a bit harder for tax cheats.
Read more...Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth
Why it’s time for a widespread debt writedown.
Read more...New Zealand’s Feeble Attempt to Curb Sky-High Housing Prices
New Zealand, awfully late in the game, is trying to Do Something about insane housing prices.
Read more...