Using Veritas to Construct the "Per…

29-04-2017 Hits:85766 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:79996 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:79857 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:84335 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:80877 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:83124 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:54132 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:82257 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:82110 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:81979 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:88002 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:85878 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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 The increase in home sale is most likely banks dumping their REO and pre-foreclosure inventory at cut-throat pricing that existing homeowners who are looking to sell cannot match. That is bad news, very bad news. It means that you are getting the lower price points, but you are not truly reducing the natural inventory of existing homeowner sellers and new homebuilders, just the synthetic inventory created by banks with bad deals on the books. It is concievable that natural inventory is actually increasing. I haven't looked into it, but it is a distinct possibility, even a probability!

 Reference last year's (and even the year before that) posts. It wasn't that hard to see this coming. In addition, the housing metric that everybody is following (Case-Shiller) is extremely optimistic when considering many urban areas, ex. Miami, NYC, Pheonix, Vegas, Philly, etc. due to the exclusion of practically everything but single family, owner oocupied, detached, homes with the resale being mandatory.

My housing market forecasts  from 2007 were right on point.
The contruction of the Case-Shiller index excludes a lot of inventory commonly found in urban areas: mutlifamily, condos and co-ops, investor properties and recent flips. See "A reminder concerning popular housing indices"  and " The Real Trend in US Housing Prices...".

It may be of use to remember how much inventory the homebuilders still hold as well. These posts (nearly all of the links on this page) are over a year and a half old. Notice how prescient they were.

Straight Talk From the Homebuilder CFO: How independent are the independent auditors?
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)  ...lass. As I stated before, the purpose of senior level classes is to give you a peak behind the curtain of how homebuilders operated. The good (none), the bad (lies) and the ugly (incompetence). You...

Thursday, 11 October 2007

Straight Talk From the ex-Homebuilder CFO: Divergence
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Tuesday, 06 November 2007

In lesson 9 I stated I would walk through a financial model in lesson 10 to show the huge reduction in book value (that isn't being taken by the builders). I got sidetracked and gave a macro view
Thursday, 11 October 2007

Tuesday, 06 November 2007

  Straight Talk From the Homebuilder CFO: The Coming Land Recession, Pt I
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)

...less and thus they are worthless. (1) Land and Debt are four letter words.  One of the golden rules to being a homebuilder is to finance land with equity and use debt for financing your homebuilding o...
Thursday, 11 October 2007
 
Straight Talk From the Homebuilder CFO: The Coming Land Recession, Pt II
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Thursday, 11 October 2007

Tuesday, 06 November 2007