QUESTION: So i read your article ” Germany About to Raise Property Taxes Significantly “. It is really amazing to read such a piece. It shows me how important Correlations are. Im eager to learn and i hope i can educate myself by reading a book written by you. My question is, is it correct, that […]
The greatest problem with real estate is you cannot pick up and leave. The Federal Council in Germany is planning to re-evaluate the approximately 35 million homes in Germany. It is now expected that the result is likely to be a significant increase in the property tax. Administrative expenses for the state fund-raising action is very significant and […]
It was inevitable that the Swiss market would turn down once it surrendered its banking advantage. The flight from the euro help to mask that decline and transformed it into speculation. Now in Switzerland, we have reach record highs for the past 15 years in vacant single-family houses and apartments reaching 56,518 according to the Federal […]
I have explained that watch the core regions in real estate and you will forecast the rest. Real estate booms and busts always begin in the core regions. As that property rises sharply, people begin to buy what is cheaper the next two over. This is the process of the economic wave in real estate […]
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 […]
https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Sinking-House.mp4 Well, home ownership in America is falling to a 51.6-year low. The actual share of Americans who own their homes fell to 62.9% in the second quarter, which was the lowest since 1965, according to a Census Bureau report. What is happening is two-fold. Net real wages after taxes have been declining. Combine this with […]
Standard Life suspended trading in its UK property fund after reducing the value of the fund by writing down the value of property by 5%. This set off a wave if liquidation that resulted in the fund being suspended. The management clearly read the press and listened to the politicians way too much. It makes […]
QUESTION: Dear Mr Armstrong An anecdote and a question If I may….. My parents were selling their average 3 bed terrace house in Tooting Bec, SW London for £800,000 in Summer 2015. My mother got ill and poor weather meant roof repairs were needed so they took it off the market. In February they relisted […]
Real Estate is in crash mode. London and Hong Kong look the worst after both were off 15%+ in the first month of the turn from September 30, 2015. The Miami market has been flooded with money from South America whereas New York has been the target for Asia and Europe. The U.S. market is […]
QUESTION: Mr. Armstrong, I live in San Francisco (silicon Valley) and due to internet and automation, technology is doing well and Real estate has been strong, perhaps overpriced. Since oct 2015 prices have declined slightly in core while keep rising in the peripheral areas. Rents are very high and demand for rentals is softer in 2016. […]
