It's the Real Estate Crash That I Warned You About (again)

Monday, 20 March 2017 17:49

It's the Real Estate Crash That I Warned You About (again) ^Featured

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I've issued several warnings late last year warning of the real estate bubble peaking and popping. I feel I'm especially qualified to do such since I quite accurately called the bubble burst of 2007 - namely housing (look here and here), homebuilders (look here), commercial real estate (look here and here and here and here and there) and banks (Bear Stearns and Lehman, among many others). Well, exactly ten years later, guest what?

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I warned thoroughly last year about the NYC markets. Reference Is There A New Real Estate Bubble? Well, Prices Have Past Their 2007 Highs & Outstripped Income Growth and Using Veritaseum To Streamlining Real Estate Sales At The Peak Of A Bubble and several vdieos.

5:51
The Real Estate Crash Is Starting
Reggie Middleton
- 5 months ago
- 10,857 views
The real estate crash is about to start. Here's how it's going down in 2016 - 2017. See https://blog.veritaseum.com/current-analysis/1-blog/210-i......

On Potential Banking Crisis & Real Estate Crashes

Reggie Middleton

1 year ago

2,029 views

Discussing the Blackstone Stuyvesant deal and how it's related to Morgan Stanley's 40% earnings drop, and Goldman and JPM and Citi, and the Blockchain...
Welcome to Harlem NYC, Poster Child of Central Bank Excess, Causing the Next Real Estate Crash

Reggie Middleton

5 months ago

1,431 views

I sit down on 125th and Malcolm X Blvd to discuss the extreme price appreciation In Harlem, how it got that way, and what connections the bubble has with greater NYC, the US and

This Tiny Part of NYC is the 6th Priciest Place in the WORLD! Bubble, Bubble, Pop, Pop

Well, today look at numbers at that tiny part of Brooklyn, NY...

Now, I know many of you are saying, "Wow, that's a good think isn't it?" Well, if you take a look at the long term appreciation rate of housing, you see a very diferent number, something along the lines of 3% to 5%.

So, 3-5% annually, is a far cry from 51% quarterly. What happes when the extreme appreciation rate hit Manhattan directly after the worst housing bust in the history of this country. Let's look as some of the more tony parts of town...