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One year ago, when we first started discussing the Vancouver housing bubble, which as we first speculated - and was later confirmed - was the result of Chinese oligarch money-launderers parking "hot cash" in this offshore housing market (at least until a 15% property tax on foreign purchases made Seattle the new Vancouver), we said that Vancouver houses had become the de facto new Swiss bank account, and because of that the houses - once purchas
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Uncertainty around the election spooked wealthy home buyers in the fourth quarter, continuing 2016's slowdown in luxury real estate, according to several new reports

Sales in the Hamptons, Aspen and Los Angeles fell by double-digit percentages in the fourth quarter, as the supply of unsold homes grew and prices came under pressure, according to market reports Douglas Elliman and Miller Samuel Real Estate Appraisers & Consultants.
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Donald Trump hit the ground running after his Inauguration on Friday, when two hours into his Administration he suspended a plan by Barack Obama to slash premium rates on some federally backed mortgages. The plan would have lowered FHA premiums by a quarter point. It’s an interesting first step for a President who made his fortune in RE. Housing should be used for shelter, not for speculation. Rapidly rising house prices do not strengthen a nati
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The risks of a correction in Canada’s housing market have risen, and home prices would need to fall by as much as 30 per cent or more to return to trend levels, Macquarie Capital warned in a new report.
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This time is different!
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A sea level increase is probably politically easier than an interest rate increase anyway.
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When is a down-payment not a down-payment? When its a loan.
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Yeah, but in Vancouver you get all that hot, sunny weather.
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Unless you have spent time talking with Las Vegas residents, you can't fully appreciate how common and accepted strategic default is in that town.
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Home values are falling at an accelerating rate in many cities across the U.S.
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The U.S. consumer may be on the mend as we head further into 2011, but the same story of resurgence does not apply to many of the U.S. big-box retailers.

From Wal-Mart to Sears to Target to Best Buy, if you look at what is happening in the retail space, "it looks pretty scary," says retail expert Howard Davidowitz.
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Some local governments will be facing tighter budgets than expected if the county property appraiser's forecast of double-digit drops in land values across most of Pinellas holds true.

"It's going to be a tough budget year," Pinellas County Property Appraiser Pam Dubov said.
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Housing has been going sideways for seven months now, mainly due to lax lending standards (at FHA), the First time Homebuyers Credit, and the Fed's mortgage-backed securities (MBS) buyback program. But once the props are removed, the market will fall sharply.

So where's the real demand for housing?

Here's a hint: There isn't any.
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Robert Shiller: Home prices have been going up for nearly a year now, according to our data, the S&P/Case-Shiller indices ... Normally we could extrapolate that kind of upward trend because historically home prices have shown a lot of momentum. But I think we're in a very unusual circumstance because of the massive bailouts, the homebuyer tax credits, the Fed's purchase of mortgage-backed securities -- and these things are coming to an end.
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Good rules but why does the government have to come up with them? Why can't the banks figure this out themselves?