SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ggersh who wrote (125433)11/29/2016 1:20:36 PM
From: John Pitera  Read Replies (1) of 217543
 
Hi ggersh, The past several weeks of the WSJ weekend Mansion section which posts info on very high end properties and multi million dollar places owned by known personalities such as Julia Roberts has been replete with articles of 12 to $30 million plus properties that have been sold after have witnessed 30% to 40% price reductions prior to the property selling..

as well as places selling for 60% of their 2013 sales price.....Now this is ultra high end properties.

I personally believe that the Case shiller numbers showing a new high above hte 2006 level is a bell ringing that we are (speaking in terms of a 5 to 10 year time frame) at a top in real estate.... A further 75 to 200 basis point increase in rates will (if it occurs) manifest itself in higher borrowing and carrying costs for real estate and act to curb prices.

What will be fascinating is what the Republicans do regarding the Debt ceiling, the yearly budget deficit and the cumulative US debt,,, especially as refinancing maturing US debt costs more to issue.

Barron's magazine has been quite vocal that the US should be issuing 100 year US bonds to lock in these historically low borrowing costs.

Many governments from Japan, to France and other countries have been issuing longer and longer maturities on their government debt.

Always interesting times,

John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News