Using Veritas to Construct the "Per…

29-04-2017 Hits:94676 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:85562 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:85939 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:90040 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:88470 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:88209 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:59349 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:87809 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:87350 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:87697 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:94114 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:91394 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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From the Real Deal, NYC's pre-eminent real estate rag:

Home prices increase nationwide, fall in NYC
Home prices increased in June over May in 23 out of 25 areas surveyed by real estate data company Radar Logic. Sales in the most expensive zip codes, based on median home prices, made up a larger percentage of total sales since the beginning of 2009 than in previous years. The number of sales requiring jumbo loans increased, so jumbo transactions now make up a larger share of total transactions, according to the report. In Manhattan specifically, condominium prices rose 3 percent in June but remained 13 percent lower than their year-ago level, according to a separate Radar Logic report also released this week. Transactions were down 42 percent year-over-year, and per-square-foot prices also fell, the report says. TRD

Foreclosures rise throughout state
The percentage of residential loans in foreclosure in New York state increased for all types of loans in the second quarter, according to data released this week by the Mortgage Bankers Association. The percentage of prime fixed-rate loans in foreclosure rose to 1.33 percent, while the percentage of adjustable-rate loans in foreclosure rose to 5.76 percent. For subprime loans, 31.32 percent of adjustable-rate mortgages were in foreclosure, while 8 percent of fixed subprime loans were in foreclosure. New York came in 23rd out of all 50 states in the number of delinquent loans and 25th in the number of foreclosures started in the quarter. The delinquency rate for mortgage loans on New York residential properties stood at 8.11 percent at the end of the second quarter, not including loans in foreclosure, according to the data. Of all the mortgages in the state, 11.7 percent, or 234,254, were delinquent or in foreclosure, according to Crain's. TRD 

Michael Stoler -- More lenders likely to force developers to go rental or sell off debt
Between the thousands of condominium developments in various stages of development and the reduction in sales volume, it is not surprising to learn that lenders are taking back the keys for high-rise condo projects or forcing developers to turn their condos to rentals. During the first week of the month, Fortress Investment Group took over the defaulted mortgages and acquired possession of the Sheffield 57, the condo conversion of the 50-story building at 322 West 57th Street. The property was purchased in 2005 for $418 million by a partnership of Kent Swig, Yair Levy and Serge Hoyda.

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 for ample visual evidence f this phenomeon, and what can potentially happen to the rental NYC rental market in the next year or tow.


Rooftop cabanas, barbecue, outdoor shower -- such is the life of a renter

The waterfall shower atop 200 Water St.
The waterfall shower atop 200 Water St.
On warm summer days, it's clear why rooftops are a popular amenity for New Yorkers crammed into small apartments. But this season in particular, rental building rooftops across the city seem to be getting more elaborate, as the recently unveiled waterfall shower atop 200 Water Street shows. That seems counterintuitive in a recession, but one reason for the souped-up amenities is that rental buildings are competing for tenants with ailing condos that are now leasing out their units, said Jodi Berman, a project manager at Rockrose Development, who is overseeing rentals at 200 Water Street. "Especially in the Financial District, a lot of condos have started renting out units," Berman said. "We kept that in mind when we were designing the lounges and the gym." That means elements like cabanas and outdoor fireplaces, which have been around for a while in the condo world, are now starting to pop up in rental buildings. Click here to read the full story and view the slideshow.  By Candace Taylor


Goldman Sachs top source of sublease space
The leading source of the sublease space now flooding the city's commercial office market is Goldman Sachs, which has put 597,000 square feet on the market at 77 Water Street. Barclays has put 456,842 square feet on the market at 277 Park Avenue. All together, sublease space in New York City has ballooned 139.2 percent since the second quarter of 2007 and now stands at 17.1 million square feet. At the height of the last recession, between 2001 and 2004, sublease space never topped 14.4 million square feet.  [NYO]

Despite poor economy, nearly a third of top retailers expand in NYC

Thirty percent of top national retailers expanded their presence in New York City over the last year, according to an annual report released by the Center for an Urban Future this week. The report, which tracks 277 retailers with two or more stores in the city, looks at data from July 2008 through July 2009. In addition to the 30 percent of retailers that expanded despite the poor economy, 30 percent of the stores listed maintained the same number of locations they had in the five boroughs the year before. "I would have thought a significant majority of chains would have contracted," Jonathan Bowles, the center's director said. "It's no suprise that there's a lot of national retailers in New York City -- the biggest surprise is that a significant number of national chains expanded." TRD

Florida real estate hit by exodus
From the South Florida Web site: Florida’s population declined last year for the first time in 63 years as the steep global recession put the brakes on migration there and sent many residents packing, new University of Florida research shows. Florida lost 58,000 residents compared to a year earlier, as the nation’s fourth largest state reported a population of 18.7 million people. The number of Floridians lost represents a city roughly the size of Pensacola, Homestead or Kissimmee. “It’s really both a cause and an effect,” said Stan Smith, director of the Bureau of Economic and Business Research at the University of Florida. “The recession is causing people to leave and this is an effect of the recession.”  By John Kennedy