Category Archives: Crisis

Jersey shore is underwater, but you still can’t get a good deal

From CNBC: A hidden time bomb? A ‘Big Short’ investor sees financial disaster brewing in housing markets More than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a “Big Short” investor once again sees … Continue reading

Posted in Crisis, National Real Estate, Risky Lending | 104 Comments

Vacancies and Zombies

From ATTOM Real Estate: Top 10 U.S. Housing Markets with Zombie Properties in Q1 2023 From the Record: North Jersey office vacancy hits 14-year high amid uncertain economy, report finds The flight from offices triggered by the COVID-19 pandemic showed no signs … Continue reading

Posted in Crisis, Demographics, Economics, New Jersey Real Estate | 97 Comments

And then there were 3

From CNN: UBS is buying Credit Suisse in bid to halt banking crisis Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of … Continue reading

Posted in Crisis | 53 Comments