Use Your 401(k) Withdrawal or Loan to Buy a House?
401(k) withdrawal or 401(k) loan to buy a house: pros and cons
China – A Reversal Of Urbanization?
Submitted by Pater Tenebrarum via Acting-Man.com,
Economic and Demographic Changes
We have discussed China’s debt and malinvestment problems in these pages extensively in the past (most recently we have looked at various efforts to keep the yuan …
"It’s Turning Into A Ghost Town" – One In Five Calgary Offices Is Now Empty
As we’ve covered extensively in the past (here and here), home prices and vacant offices in Calgary have been a complete disaster as a result of the collapse in oil prices. Recall the troubling divergence in home prices that Calgary is experiencing in …
Real Estate Agent Responsibilities & Duties – What to Do If You’re Mistreated
Buying or selling a home is often the single biggest financial decision people make in their lives. Whether you are a first-time homebuyer, are looking for a second home, or need to sell property, you will likely hire a real estate agent for assistance…
Wee Willie Winkle
Most of you are probably acquainted with the Internet-based real estate web site known as Zillow, which is a public company under the ticker symbol Z. They haven’t been public that long, and although they aren’t doing as badly as some IPOs (Lending Clu…
The Curious Story Of The Chinese Tycoon Found "Chopped Up Into 100 Pieces" In A Vancouver Mansion
Two days ago we introduced you to “the rich kids of Vancouver” for whom the most important decision in any given day is whether to spend half a million dollars on a new Lamborghini or on an investment such as “two expensive watches or some diamonds.”
…
Wells Fargo Finally Reveals Its Full Energy Exposure:: $32 Billion To Junk-Rated Oil And Gas Companies
Following its recent critical profile by Bloomberg which earlier this week penned, “Wells Fargo Misjudged the Risks of Energy Financing”, which came about 4 months after we wrote an almost identical report, the biggest US bank by market cap knew it had…
State Of Fear – Corruption In High Places
Submitted by Pater Tenebrarum via Acting-Man.com,
Mr. X and his Mysterious Benefactors
As the Australian Broadcasting Corporation (ABC) reports, a money-laundering alarm was triggered at AmBank in Malaysia, a bank part-owned by one of Australia’s…
The Bearish Case Against Oil Gets… Bearier…
My 15 year old son and I went to the NY Hedge Fund Roundtable event on the energy sector at the Penn Club last week. It’s good to have your children see you perform. The discussion surrounded the price of oil, LNG and the impact Elon Mu…
According To This Beige Book The Fed Should Be Hiking Rates Now
Perhaps its a remnant from 2014 and 2015, but the first thing we noticed when skimming through the April Fed Beige Book is that “weather” continues to play an impact on the US economy: after declining from 26 mentions of the word “weather” in the Janua…
The New Middle Kingdom Of Concrete And The Red Depression Ahead
Submitted by David Stockman via Contra Corner blog,
No wonder the Red Ponzi consumed more cement during three years (2011-2013) than did the US during the entire twentieth century. Enabled by an endless $30 trillion flow of credit f…
"My Daddy’s Rich And My Lamborghini’s Good-Looking": Meet The Rich Chinese Kids Of Vancouver
By now, the only people in the world who are not aware that Vancouver has been overrun by Chinese “hot money-parking” oligarchs, who rush to buy any and every available real estate leading to such grotesque charts as the following showing the ridiculou…
Hate Taxes? You Certainly Are Not Alone…
Submitted by Michael Snyder via The Economic Collapse blog,
At this time of the year, millions of Americans are rushing to file their taxes at the last minute, and we are once again reminded just how nightmarish our system of taxation has become. …
The Salary Needed to Buy a Home in 27 Different U.S. Cities
Source: Visual Capitalist
The post The Salary Needed to Buy a Home in 27 Different U.S. Cities appeared first on The Big Picture.
What in the World is Going on with Banks this Week? Emergency meetings, banker summits, crashing European banks…….
Written by David Haggith – The Great Recession Blog
Just about every major banker and finance minister in the world is meeting in Washington, D.C., this week, following two rushed, secretive meetings of the Federal Reserve a…
What Is Paul Ryan Up To?
While many establishment Republicans would love Paul Ryan to emerge in Cleveland to rescue the party from what they think is a doomed presidential bid, as The Hill reports, some among their number recognize that any effort to take the nomination away f…
Manhattan’s Real Estate Woes Get Worse: No Demand In Building Where Ackman Splurged $90 Million
Over the weekend, we asked the question, Did the Canary of New York’s Luxury Housing Market Just Die, following reports of the bankruptcy of a New York luxury real estate developet. Now, just two days later, we learn that another high-end real estate d…
Chesapeake Forced To Pledge Entire Company As Collateral To Preserve Existing Credit Facility
As we enter the critical spring borrowing base redetermination season, which as we previewed previously is the biggest threat to near-insolvent energy companies whose banks may, and in many cases will, decide their assets are worth far less and as a re…
This Vancouver Home Just Sold For More Than $1 Million Above The Asking Price
Not a day passes without the Vancouver real estate market succeeding to amaze us all over again.
Just over a month ago we were amazed to learn that, in confirmation of the local buying frenzy, the Vancouver home shown on the photo below sold for $735,…
Did The Canary Of New York’s Luxury Housing Market Just Die: Real Estate Developer Files For Bankruptcy
We’re starting to see some concerning developments in the luxury real estate market. First, we observed as Urbancorp, one of Toronto’s largest property developers, quietly canceled a condo complex they had been working on, and instead converting th…
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Bogleheads Latest Posts
- Re: "Does it Pay to Diversify by Style? May 30, 2023White Coat Investor wrote: ↑Mon May 29, 2023 4:53 pm Charles Joseph wrote: ↑Mon May 29, 2023 6:15 am White Coat Investor wrote: ↑Mon May 29, 2023 5:01 am Charles Joseph wrote: ↑Sun May 28, 2023 6:39 pm No it does not. I think the proper answer is "No it did not in the last […]RationalWalk
- Re: Minor child settlement award – 529/UTMA? May 30, 2023Many thanks to all who responded. After a bit more research, it seems the UTMA can be supervised by a parent in my state up to age 21. Irrespective of what type of account the court allows, I'll have to submit a yearly report until the child is 18. @Grt2bOutdoors: I hate annuities with every […]TierArtz
- Re: Personal consumer details of a tiny house May 30, 2023I bought a small house (but not tiny) two years ago. It’s my first house. It was built in 1900, was a rental property for over a decade, and needed a lot of work. I assumed smaller house meant smaller renovation costs (time/money). With few exceptions, I’ve been very surprised at how little of the […]beachtech
- Re: The Benefits of Being Underemployed May 30, 2023Not quite the same as being underemployed, but at my previous job I was on a team that the company basically didn’t know how to utilize, but kept us around because they (correctly) could see that we had good skills and they ought to find a way to put us to good use. We had […]StrangePenguin
- Re: Sony X90CK May 30, 2023Make sure you understand what you need and don't buy into too much hype. I own both an 65" LG OLED and a higher end 75" Sony LCD. Love both for their own purposes. Both Sony and LG make excellent sets. The Sony is in a brightly lit room and I play a lot of […]idc