The DC Real Estate Market is the Poster Child.
A privilege rich foreigners have that Americans lack when buying a home in the US.
Gravity inconveniently inserts itself into a phenomenal boom.
Housing Industry frets about PE firms, the largest landlords in the US
Realtor: Party is over. For many speculators, hangover is next.
Instead of a home, let them buy toxic, rent-based, synthetic structured securities.
What is going on in this glorious housing market of ours?
The bitter irony of the Fed’s handiwork.
Sales down 20% in San Francisco, but prices soar 27% to ludicrous levels.
The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….