The Condo Market Turning Down

Porsche Building

The condo bubble has broken in many markets. Even rentals in Miami and other prime markets have begun to decline. In part, the rise in the dollar is now curtailing foreign investment. Likewise, I personally know some British friends who are selling property in the states to take advantage of the huge profit in the drop in the pound when converting back to the base currency.

As with every peak, developers see how condos sell so they have increased the supply right into the peak in prices. This cyclical pattern repeats over and over again. The foreign investors who got into US property back in 2011 have made a fortune in the home currency and are taking profits.

Latest Posts

Central Banks & the Absence of Tools

  Central Bankers are trapped; Keynesian Economics remains the only tool in their quiver, and they are running out of arrows. The Fed Watchers are neck-deep in mainstream media propaganda [...]
Read more

Biden Bans Natural Gas Water Heaters

Joe Biden is passing additional climate change “protections” before leaving office. Before placing a ban on offshore drilling, Biden and/or his handlers turned his attention to American households. His latest [...]
Read more