Surging prices are a demand killer, but real estate industry laments the medicine didn’t work.
Murk everywhere. There isn’t even an agreement what “leveraged loans” are. No, banks are not off the hook. That was wrong too. They hold 57% of these instruments, the Bank of England found.
Oh dear, Vancouver, Calgary, Edmonton, and Winnipeg. But there are some warm-spots too.
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In 2013, I called Goldman Sachs a “snake-oil salesman” for underwriting a $1 billion J.C. Penney stock offering. Investors got wiped out. Now the longer-dated bonds, including a 100-year bond, have collapsed.
For the 9 counties, the median price in June dropped back to June 2017 levels.
“For developers and agents in most parts of the country who rely on foreign buyers, there is really no alternative to buyers from China”: CEO of Juwei.com
Most other regions in the UK cling to price gains.
Inflation gets pitched as something inherently good the Fed is trying to make sure folks gets enough of. But someone’s paying the price.
Kudos to the private equity firm. These things don’t happen overnight for companies. They happen overnight only for investors.