Bad news on the horizon for housing!  http://finance.yahoo.com/news/housing-crisis-may-derail-middle-145855168.html  triffid.  Mr James Dale Davidson saw a housing crisis coming.Now others are seeing it too!


http://finance.yahoo.com/news/housing-crisis-may-derail-middle-145855168.html

We also need federal support for low-income lending; at the moment in 2008 when home prices plummeted, the government essentially outlawed private lending to the working class without adequately funding public programs to fill the gap. The result was nearly a decade of profiteering from cash investors who bought distressed properties for pennies on the dollar, then rented them at above-market rates to folks who couldn't qualify for a mortgage.

The problem is housing.
When we talk about a city's cost of living, we don't mean food, transportation or clothing, which cost about the same everywhere. We mean housing.
We need a government policy all-out in favor of more, denser housing.
Housing is in short supply. For the 40 years prior to 2008, ground was broken on an average of nearly 1.6 million housing units per year. Starts over the past seven years averaged 788,000; even in 2015, a boom year, starts were only 1.1 million.
What happened to the laws of supply and demand? From 2010 to 2013, home prices were 56 percent higher than construction costs, an increase from the 1990s when home prices were 33 percent higher than construction costs; most economists attribute this increase to zoning laws designed to preserve a city's character and to protect home prices.

In Seattle, there are 40 percent fewer homes on the market than just a year ago.

Quote from: the_big_m_in_ok on January 07, 2016, 08:27:44 PM
       triffid,
Did you see the American and Chinese stock markets both 'tank' by losing a $trillion on Wall St., alone?!?!
       That's no little piece of pocket change.   AND it could continue indefinitely.   People thought (some?) that when I started this thread, I was a 'chicken little' windbag who didn't have the truth?   What about now?

       I returned to this Reply, quoted above, for this reason:
http://www.infowars.com/the-financial-crisis-of-2016-rolls-on-china-oil-copper-and-junk-bonds-all-continue-to-crash/


       This's been going on for almost a week, that I know of.
All right, now:  My reason for starting this thread should be more plainly obvious now.   Challenge:  Is there a registered Member on the forum that has contrary issues concerning the subject of this thread?   I don't mind discussing/debating at this late date.   All I have to to is wait for a few more days and then see what going on with the Chinese.  I expect more of the same.
       Right now, I'm in a rent-free living situation where the doors are always locked and there are military veterans around; some of whom were combat trained---even on an elite level.   I've already said---I believe---get at least a sizable knife and make sure it's sharp.
       At.   The.   Very.   Least.
In California where I live, it's possible that anyone over 18 years old can buy and own a Samurai sword(replica).   The same goes for actual, real swords, but they usually start at $5,000 for a common example from Japan.   Real swords are hard to come by for the average American, but replica swords can be available at knife/gun shops or commercial expositions/shows.
       Just my 2 cents-going-on-$2.00's-worth.   You can decide how you want to take this and what to do about it, if you want to.
       Your move.


--Lee

Quote from: the_big_m_in_ok on January 13, 2016, 09:10:29 PM
       Just my 2 cents-going-on-$2.00's-worth.   You can decide how you want to take this and what to do about it, if you want to.
       Your move.

Here it is, from the thread title...only one or two days old:


http://www.express.co.uk/finance/city/632506/China-financial-crisis-2008-economic-crash-repeat-George-Soros?utm_source=traffic.outbrain&utm_medium=traffic.outbrain&utm_term=traffic.outbrain&utm_content=traffic.outbrain&utm_campaign=traffic.outbrain




Okay, right.   My immediately previous posted Reply still stands, obviously.   You at least know what I think.   It's your decision if you want to take what's said in the articles above seriously or not.


Just trying to help.


--Lee