Using Veritas to Construct the "Per…

29-04-2017 Hits:94772 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:85633 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:86006 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:90109 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:88536 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:88272 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:59413 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:87892 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:87428 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:87783 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:94200 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:91485 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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Excerpts taken from The Real Deal commercial newsletter mailings.


2007 record year for new developments

Signs of a bubble top... 

According to a year-end report released by the Corcoran Group, 2007 was a record year for new condos in Manhattan. The volume of new development sales increased 42 percent compared to the previous year and accounted for about 30 percent of total sales. The median price of a new condo increased 30 percent to $1.205 million. New condos saw a 10 percent increase in price per square foot compared to the prior year, increasing to $1,323 per square foot. Big-name properties like the Plaza, 40 Mercer and 40 Bond drove sales prices to a peak in the third quarter, the report said. TRD

Manhattan rents drop

Average rents fell this month for Manhattan apartments, according to The Real Estate Group's monthly market report, defying the traditional seasonal trend of a January rebound after a slow December. The downfall was widespread, encompassing all unit sizes in both doorman and non-doorman buildings. Doorman studio rents were hit hardest, with a 5.4 percent decline from December to $2,608. The next largest drops were in non-doorman one-bedroom rentals, which fell 4.3 percent to $2,807 in the same period, and doorman one-bedrooms, which fell 4 percent to $3,634. more By James Kelly

New permits drop 23 percent

 The number of new building permits issued by the city's Department of Buildings dropped by 22.8 percent in the first half of fiscal year 2008, from July to December 2007, according to a department report released earlier this week. The number of violations issued by the Department of Buildings increased 2.9 percent from 11,979 to 12,332 over the same period. Meanwhile, the number of permits issued for alterations increased by 4.5 percent. TRD

New York falls in Case-Shiller Index

 Average home prices in metro New York dropped .81 percent from October to November, according to the S&P/Case-Shiller Index, which excludes condos. The index also indicated a drop for New York of 4.8 percent from the year before to 203.88 in November 2007. This dive was less steep than that of the report's 10-city index, which fell 8.4 percent from November 2006 to November 2007, the index's largest year-over-year decline ever. The 20-city index fell 7.7 percent over the same period, also a record. TRD

15 CPW studio sells for just $690,000

 More than just the design of 15 Central Park West makes it a throwback -- the limestone tower has small staff apartments on separate floors, meaning the price range for units swings from under $1 million to $20 million and beyond. The buyer of unit S702 paid just $690,000. Also Tuesday, the same buyer -- listed on the deed only as Southfork Holdings -- purchased a condo there for $10.5 million. According to, the cheapest unit at 15 CPW had been $710,000 for a studio. On floors six through eight, 21 studios and three one-bedroom units range from about 350 to 500 square feet, Bloomberg reported. TRD

Brooklyn ZIP has highest subprime foreclosure rate

 The Brooklyn ZIP code 11233, which includes parts of Bedford-Stuyvesant and Crown Heights, had New York State's highest rate of subprime foreclosures in October, according to a Federal Reserve Bank of New York report. The area had 194 subprime foreclosures out of 770 subprime borrowers, a rate four times the national figure of 6.89 percent. [Bloomberg]

Macklowe reaches deal over debt

Struggling real estate baron Harry Macklowe has reportedly reached a deal with Deutsche Bank to hand over control of seven Manhattan office buildings he acquired less than a year ago for $7 billion. Macklowe would still retain his title and Macklowe Properties would still manage the buildings. His $5.8 billion debt was due on Feb. 9; now it has been extended while the buildings could be marketed for sale. Many observers say that Macklowe overpaid when he spent $7 billion on the buildings, and say their value has dropped since he bought them at the height of the city's real estate boom. [WSJ]

Macklowe could sell GM Building this month

Developer Harry Macklowe could reportedly sell the General Motors Building this month to pay off debts with Deutsche Bank. Bids for the 50-story building are due Feb. 15. Macklowe made his stake in the building collateral for a $1.2 billion bridge loan by Fortress Investment Group, which financed the $7 billion acquisition of seven Manhattan office buildings last year. The cost of borrowing has shot up by one-third since Macklowe bought the buildings, said Scott Singer, executive vice president of New York-based Singer & Bassuk Organization. While some say Macklowe paid too much for them, Howard Michaels, chairman of New York-based Carlton Advisory Services Inc., said Macklowe "paid an appropriate price at the time he bought the properties. It was a major score for him. And it was unforeseeable by him or anybody else that the market would change so drastically." [Bloomberg]

Spitzer: State “struggling” with runaway building costs
Gov. Eliot Spitzer, in a somber address Thursday to New York City's developers, said runaway costs and delays for big public projects threaten the city's standing as a world capital. Spitzer's speech to the New York Building Congress centered on how costs threatened to slow a range of projects, from rebuilding the Tappan Zee Bridge to reinventing Governors Island. He called the growth in construction spending, driven by skyrocketing commodity costs, the state's “biggest problem.” Spitzer said he had urged commissioners at the Metropolitan Transportation Authority and elsewhere to get serious about controlling expenses on major projects. more By Alec Appelbaum

Hotel boom spurs fears of over-supply

A boom in hotels has been encouraged by the record high occupancy rate recorded last year. But some question whether too many hotels are being built and wonder if the amount of tourists taking advantage of the weak American dollar could decrease if the global economy weakens. The amount of visitors to New York City in 2007 was up 5 percent from the 2006 record of 43.8 million. To meet the demand, hotel inventory is increasing by 20 to 25 percent. [Sun]