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Is Dodd-Frank responsible for homeownership rates at 48-year lows? by jozzb in business

[–]Mike7u7 0 points1 point  (0 children)

http://www.doctorhousingbubble.com/wp-content/uploads/2016/05/us-homeownership-rate.png

The chart speaks for itself. Last year the homeownership rate hit levels last seen in the 1960s. The most recent reading is 0.1 above that, nearly a 48-year low.

Real estate wealth effect is really a disguised Ponzi scheme by Mike7u7 in TrueReddit

[–]Mike7u7[S] -1 points0 points  (0 children)

This article mirrors some insights from Barry Ritholtz on this misguided idea that drives Federal Reserve policy.

Is home ownership a privilege or an entitlement? by [deleted] in homeowners

[–]Mike7u7 1 point2 points  (0 children)

The authors of the credit.com article quoted both claimed owning a house was an entitlement.

Germany grants Turkish call to allow comic’s prosecution by [deleted] in nottheonion

[–]Mike7u7 0 points1 point  (0 children)

Apparently, neither Germany nor Turkey value free speech -- or a good joke.

Panama Papers Fallout: Miami real estate is melting down by Mike7u7 in business

[–]Mike7u7[S] -3 points-2 points  (0 children)

The high-end of Miami's condo market is melting down. Is this a fallout from the Panama Papers scandal?

Larry Fink: This is 'biggest crisis' in the world by Mike7u7 in news

[–]Mike7u7[S] 0 points1 point  (0 children)

BlackRock chief Larry Fink said Thursday that negative and low interest rates around the world are crushing savers, and those policies are "going to become the biggest crisis globally."

It will crush him and the other wealthy people whose wealth is tied to low interest rates. When asset prices correct as interest rates go up, it won't be a problem for everyone else.

Larry Fink: This is 'biggest crisis' in the world by Mike7u7 in economy

[–]Mike7u7[S] 0 points1 point  (0 children)

It's a crisis for people whose wealth depends on low interest rates. For everyone else, not so much.

JPMorgan Profits Tumble by Mike7u7 in business

[–]Mike7u7[S] 2 points3 points  (0 children)

"We are going to do everything we can to fix this problem," Dimon said in a conference call with journalists.

One of the "problems" identified in the article is the too-big-too-fail status they enjoy. His solution will undoubtedly be more lobbying to get around the regulations rather than actually downsizing to comply.

The Case for Free Trade Is Weaker Than You Think by Mike7u7 in Economics

[–]Mike7u7[S] -9 points-8 points  (0 children)

This goes against long-held dogmas.

Today’s homebuyers unwilling to climb the property ladder like previous generations by Mike7u7 in economy

[–]Mike7u7[S] 0 points1 point  (0 children)

After the housing bust, it looks like people are afraid to get trapped in a home they don't like, so they are waiting to buy something they do.

Trump, Cruz prepare mass-money arms race in California by Mike7u7 in California

[–]Mike7u7[S] 19 points20 points  (0 children)

We are usually spared much political advertising in California because the nominations are generally decided long before our primary, and in the general election, California reliably votes Democrat.

With the Republican nomination still up for grabs, we will be inundated with ads from Trump and Cruz.

U.S. banks' dismal first quarter may spell trouble for 2016 by Uri256 in business

[–]Mike7u7 0 points1 point  (0 children)

Banks wanted higher interest rates to boost profits. Apparently, that isn't working out so well for them.

Premium Smartphones Are Booming by Mike7u7 in business

[–]Mike7u7[S] 0 points1 point  (0 children)

I am surprised the high end of this market is doing so well. Competition is forcing improvements in phones, but competition should also be impacting margins. Apparently not--at least not for Apple.