Using Veritas to Construct the "Per…

29-04-2017 Hits:82091 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:77728 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:77298 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:82044 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:78636 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:80930 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:47813 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:79638 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:79162 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:79711 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:84682 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:81635 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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City launches program to turn foreclosures into affordable homes
In response to the glut of unsold condominiums and stalled residential construction sites, this week city officials announced a $20 million pilot program which will turn vacant buildings into as many as 400 affordable housing units for low- to middle-income families. Funding for the Housing Asset Renewal Program, which the city hopes will prevent neighborhoods from deteriorating as more buildings are left vacant, will come from the City Council and the Department of Housing Preservation and Development. A notice of funding availability will be distributed to banks and developers in mid-July and projects will be selected based on who offers the steepest discounts and where the abandoned homes are located.  [Crain's]

For those who haven't seen my pics and videos, please reference Who are ya gonna believe, the pundits or your lying eyes?, Who are you going to believe, the pundits or your lying eyes, part 2  and A Micro View of the Macro Damage to be Caused by Imploding Commercial Real Estate  for a grassroot view of what's going on in NYC. There is a massive wave of BIG losses coming the way of banks and lenders in the NYC metro are this year and next - all stemming from the condo crisis.

 

NYC sales price down 22 percent, REBNY report says
The average sales price of a home in New York City sank 22 percent to $644,000 in the second quarter of 2009 from $824,000 at the same time last year, according to a report released this week by ResidentialNYC.com, the real estate listings Web site maintained by the Real Estate Board of New York. The report, which tracks data about co-ops, condos and one- to three-family homes in all five boroughs from the city's Department of Finance, found that the number of home sales in the city dropped 35 percent to 7,194 from 11,008 in the second quarter last year, while in Manhattan, sales plummeted 47 percent to 1,788 from 3,348 in the prior-year quarter. Second-quarter reports released by city brokerages last Thursday showed a more dramatic drop in sales - a decline of at least half from the second quarter of 2008. the Real Deal

New rental report shows 60% drop in volume
Residential brokerage Prudential Douglas Elliman this week released its first-ever quarterly rental Manhattan market report, revealing an eye-popping 58.3 percent drop in rental transactions from last year as waves of unemployment battered the city. The report, which tracked data about the rental market that has never before been published, determined that 2,346 apartments were rented in the second quarter of 2009, down from 5,624 during the same quarter of 2008. That drop coincided with a 17.5 percent decrease in the average rental price per square foot to $44.16, from $53.50 in the prior-year quarter. Meanwhile, the number of rental listings swelled by nearly a third to 7,290 from 5,658 in second-quarter 2008. Though the rental market has been widely believed to be healthier than the sales market, the results largely mirrored the slowdown shown in recent sales reports, said Jonathan Miller, the president of real estate appraisal firm Miller Samuel, who prepared the report.  By Candace Taylor

Shaq's Star Island sale may set price floor
From the South Florida Web site:
The recent revelation that basketball star Shaquille O'Neal finally sold his mega-manse on swanky Star Island for $16 million - a substantial discount from the $35 million he once sought - might not thrill his neighbors. They include Rosie O'Donnell, Gloria Estefan, Sean "P. Diddy" Combs, Lenny Kravitz and billionaire Phillip Frost, and it's a safe bet none would welcome being added to the list of celebrity poster children for the luxury housing crunch. The sale price of $16 million is a mind-numbing drop of 54 percent from his original list price in 2005 of $35 million.  By Sally Apgar