Category Archives: Crisis

NJ last state in the nation to outlaw pumping gas

Posted on June 24, 2023 by grim

From Jalopnik: Drivers In Oregon Will Finally Be Allowed To Pump Their Own Gas For most of the country, the idea of pulling into a gas station and then waiting for someone to come over and pump your gas for … Continue reading →

Posted in Crisis, New Jersey Real Estate, Unrest | 51 Comments

Home prices finally dip (a little)

Posted on June 23, 2023 by grim

From CNN: US home prices fall by largest amount annually since December 2011 US home prices fell in May at the largest annual rate in more than a decade, according to a National Association of Realtors report released Thursday. The … Continue reading →

Posted in Crisis, Housing Bubble, Mortgages, National Real Estate | 55 Comments

Could be worse, we could be the UK

Posted on June 19, 2023 by grim

From the Guardian: Millions are facing soaring mortgage rates. How did we leave them so vulnerable? There is a cross-party consensus that Britain as a property-owning democracy should promote home ownership. To that end, 7.5 million people hold a record £1.7tn … Continue reading →

Posted in Crisis, Demographics, Economics, Mortgages, Philly | 76 Comments

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

Posted on April 6, 2023 by grim

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

Posted on April 4, 2023 by grim

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

Posted on March 20, 2023 by grim

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