Using Veritas to Construct the "Per…

29-04-2017 Hits:85784 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:80012 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:79872 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:84351 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:80891 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:83138 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:54149 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:82274 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:82124 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:81993 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:88018 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:85893 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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More from the Real Deal:

Distressed NY metro-area assets hit market
At least one of the projects on the city's list of stalled development sites may soon be changing hands. Chinatrust Bank has named Eastern Consolidated as the exclusive broker in the sale of two non-performing commercial mortgages, at 75 First Avenue in Manhattan and 333 Fairmont Avenue in Jersey City. Originally slated to become residential condominiums, 75 First Avenue is now listed by the Department of Buildings as one of nearly 400 stalled construction sites in New York City. 

This is just the beginning of a long stream of distressed properties. See "Who are ya gonna believe, the pundits or your lying eyes?"and Who are you going to believe, the pundits or your lying eyes, part 2 . Here, a picture is worth a thousand words. By the way, these pics and videos are about a 5 minute drive or 15 minute walk away from the projects described below.

In addition:

Abandoned buildings blight Flushing Avenue
Across the street from the affordable housing complex Marcy Houses lies a block of Flushing Avenue that has been particularly hard-hit by recent construction stops. The block, which is predominately populated by Hasidic Jews, is located on the north side of Flushing Avenue, between Lee and Marcy avenues. The partially built block is situated on the border between Bedford-Stuyvesant and South Williamsburg. At 587-589 and 591 Flushing Avenue sit two vacant seven-story condos, with a total of 30 units. The buildings are on the market as a package with an asking price of $15.75 million, according to real estate Web site Zillow.com. They do not have a certificate of occupancy, a Department of Buildings spokesperson said, meaning more work needs to be done before the building is ready for occupants. Click here for the full slideshow.  

I am very familiar with these projects, which were the result of over ambitious Hasidic developers trying to capitalize the push of the Hasidim out of Williamsburg into adjacent Bed Stuy (actually, the Hasidic populated area was gentrified, pushed out by the glass and metal, trendy condo crowd in Williamsburg). The Bed Stuy developments were doomed from the start, some of which were built on top of heroin needles.