Category Archives: Crisis

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