The apartment glut cometh – adios housing market!
This is not unique to Denver. I witnessed it first-hand in New York City over the holidays. Douglas Elliman, the high profile NYC real estate brokerage, issued a report which showed that NYC real estate prices plunged in Q4, with the median sales price dropping nearly 9% from Q3.
suggest that the current bubble is already popping in several bubble areas per this canceled contract data: LINK. I also am confident that the weakness that is developing in NYC will soon spread to the rest of the country. – from the Jan 15th Short Seller’s Journal
Miami was the leading indicator of the demise of the mid-2000’s housing bubble. An apartment glut quickly appeared as speculators took almost free money and put deposits on apartments being built by reckless builders. Builders always get reckless when other people’s money is cheap. Greenspan and Bernanke made sure there was plenty of cheap capital for developers. Wolf Richter details the current apartment market implosion occurring in Miami – LINK – and coming to city near you soon.
Full article at:
http://news-uncensored-fresh.blogspot.be/2017/02/the-apartment-glut-cometh-adios-housing.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).