The signs of a classic bubble, such as a run - up
in real estate speculation and oversupply, are also absent, and even though home prices are high, there is no reason to think they'll plummet.
Not exact matches
If
real estate speculation continues to boil, especially
in Greater Toronto, Morneau's measures «will force more volume out of the traditional banking space and... into this unregulated space,» predicts credit market analyst Ben Rabidoux, a principal at North Cove Advisors.
Instead, we are seeing an even more extreme version of what negative
real interest rates
in the US produced: leveraged asset
speculation, particularly
in the biggest asset class, residential
real estate.
Governor, I think some of your comments around
speculation in the Toronto
real estate market — of course I live there and feel it every day with agents knocking on my door.
Do you have an idea of the extent of the link between securitization and
speculation in the
real estate market that contributes to the rising house prices and astronomical sums
in securitization at present?
Just as
real estate lending fuels land
speculation, so the withdrawal of such credit leaves property markets to decline, sometimes with a crash, as occurred
in Japan after 1990 when its financial bubble burst.
Quantitative easing subsidizes U.S. capital flight, pushing up non-dollar currency exchange rates Quantitative easing may not have set out to disrupt the global trade and financial system or start a round of currency
speculation, but that is the result of the Fed's decision
in 2008 to keep unpayably high debts from defaulting by re-inflating U.S.
real estate and financial markets.
B.C.'s new tax has driven
speculation that foreign investors may now be looking to buy properties
in Toronto instead, where homes sales
in the Greater Toronto Area jumped 21.5 per cent
in September, according to Toronto
Real Estate Board data released earlier this month.
Overconfidence and the Bank of Japan's loose monetary policy
in the mid-to-late 1980s led to aggressive
speculation in domestic stocks and
real estate, pushing the prices of these assets to previously unimaginable levels.
The elevated values of home prices
in recent years resulted from a combination of
speculation on perpetually rising
real estate values, coupled with reckless lending.
Banks now lend mainly to other financial institutions, hedge funds, corporate raiders, insurance companies and
real estate, and engage
in their own
speculation in foreign currency, interest - rate arbitrage, and computer - driven trading programs.
The general U.S. market may tank due to a variety of factors, such as a combination of international and domestic events, from reports of high
speculation in real estate markets to poor economic growth and growing debt.
ALBANY — Last August, a lunch between the top Senate Democratic fundraiser Michael Gianaris and
Real Estate Board of New York president John Banks led to
speculation that the traditional alliance between developers and Senate Republicans might be eroding
in the wake of dust - ups over issues like 421 - a tax credits.
The
speculation about the
real estate deal and the lieutenant governor's political future led to a rare, testy exchange with reporters at the State Fair
in Syracuse last summer, where Duffy was once again filling
in for Cuomo.
Speculation about Greenfield's political future began to swirl
in May when it was revealed that he had opened a separate state campaign account that had raised large sums from
real estate investors including Thor Equities» Joseph Sitt.
If there's anything more complicated than the global forces of thermal expansion, ice sheet melt and ocean circulation that contribute to worldwide sea - level rise, it might be the forces of
real estate speculation and the race - based historical housing patterns that color present - day gentrification
in Miami.
So begins The Cloud Sketcher, a passionate tale of love and war and art that ranges from the ice fields of the Arctic Circle at the dawn of the last century to the ruthless world of New York
real estate speculation in the 1920s.
The general U.S. market may tank due to a variety of factors, such as a combination of international and domestic events, from reports of high
speculation in real estate markets to poor economic growth and growing debt.
Sorry, but the
speculation only cut of when the FOMC got rates above a threshold that deterred
speculation because positive carry from borrowing to buy
real estate disappeared, which finally happened
in September of 2005, when the FOMC was still tightening.
This crisis was mainly the result of loose mortgage lending, which spurred rampant
speculation and even fraud
in U.S. mortgage securities and
real estate.
The bank also warned that climbing
real estate prices
in the Toronto area appear to now be driven,
in part, by
speculation.
From my angle, the Fed will slowly be forced to recognize that problems developed from
speculation in residential
real estate, CDOs, overdone arbitrage strategies and private equity are either a) too big to solve through monetary policy, without causing a lot of inflation, or b) they will try to «solve» the problem anyway, and hope that inflation doesn't rise too much.
Truth is data on
real estate developers, speculators and flippers is sparse, but, as the report authors cite, «there is a creeping sense that, even
in just the past 6 - to - 12 months,
speculation is starting to pick up.»
In September, when first the
Real Estate division transaction was announced then Indaba filed its 13d, there was
speculation that the preferred dividend would be reinstated, arrears paid and the company would be sold (the company announced they were exploring options).
As another measure to tackle housing affordability, beginning
in the 2018 tax year, the provincial government will enforce a new annual
speculation tax on residential
real estate targeted at foreign and domestic homeowners who do not pay income tax
in BC.
«The sources of demand that are pushing prices higher are many-fold and the sources of investment
speculation...
in the
real estate part of our economy are many-fold and more domestic than foreign.»
However, with
real estate as of late, there has been too much emphasis on capital gains (buying low selling high) or
in other words,
speculation.
The farms were abandoned
in the 1960's when
speculation made the land worth more for
real estate than farming.
Inspired
in part by the SLG's proximity to the housing
estate behind it, and the gallery's links with the residents, the works are underpinned by Kuri's reflection on the role of
speculation in real estate.
Few could have anticipated the rapacious development Harlem is undergoing today, as
real estate investment and
speculation displace longtime residents and remake the neighborhood into yet another yuppie frontier, with galleries, as is usually the case, playing their vanguard role
in driving up rents.
If last year's overnight whitewashing of graffiti haven 5Pointz
in Queens revealed anything, it's that the fleeting form of graffiti tags is as susceptible as ever to the whims of property owners and
real estate speculation.
In conjunction with this show, another exhibition called The
Real Estate Show Extended / Berlin: Group exhibition on the subject of Gentrification,
Real Estate Speculation and Selling out the City was presented at Kunstpunkt Berlin.
The
Real Estate Show was a Colab sponsored illegal occupation exhibition on the subject of landlord speculation in real estate [1] held on New Year's Eve in January 1980 in a vacant city - owned building at 123 Delancey Street in the Lower East Side of Manhat
Real Estate Show was a Colab sponsored illegal occupation exhibition on the subject of landlord speculation in real estate [1] held on New Year's Eve in January 1980 in a vacant city - owned building at 123 Delancey Street in the Lower East Side of Manh
Estate Show was a Colab sponsored illegal occupation exhibition on the subject of landlord
speculation in real estate [1] held on New Year's Eve in January 1980 in a vacant city - owned building at 123 Delancey Street in the Lower East Side of Manhat
real estate [1] held on New Year's Eve in January 1980 in a vacant city - owned building at 123 Delancey Street in the Lower East Side of Manh
estate [1] held on New Year's Eve
in January 1980
in a vacant city - owned building at 123 Delancey Street
in the Lower East Side of Manhattan.
When asked about the cause of these fires, the scientist said it was
in part
real estate speculation and
in part the lumber industy which first planted the wrong trees and then basically gave up on the woods alltogether when the market collapsed (or something like that).
A recently completed passive solar museum
in Ordos, China stands
in a billion - dollar «ghost town,» one of many built on a wave of
real estate speculation that some economists say may crash soon.
Extensive top - of - market
real estate speculation arises
in regions that, long range models predict, will see relatively minor adverse impacts.
The conventional economic wisdom is that financial
speculation, mostly
in real estate combined with a decade of overspending and a lack of savings
in general, led to a bubble
in economic growth (e.g. GDP) that then popped resulting
in a recession.
If offshore
speculation is driving up
real estate values
in Vancouver and Toronto to the point where our legal assistants are moving to Edmonton, our young associates are moving to the far - flung suburbs, our children can't afford to live
in the neighbourhoods they grew up
in, and we may not have anyone rich enough to buy our own homes when its time to sell, perhaps some thought should be given to cooling down that market.
It was precisely
in the last months of 2013 that
real estate speculation began to decline
in China thanks to the threat (ultimately carried out) of higher property taxes.
In April 1974 the Ontario government caught the
real estate industry by surprise with the Land
Speculation Tax.
«This is not a time for
speculation of what she should've done, but a time of reminder for what we all need to be doing to assure safety
in this industry,» Brian Copeland, GRI, CIPS, of Village
Real Estate Services
in Nashville, Tenn., writes on Facebook.
«It's clear that rampant
speculation on
real estate is driving up prices
in Vancouver.
As citizen anger over foreign investment and skyrocketing
real estate prices boils over
in Metro Vancouver, Mayor Gregor Robertson has called on Premier Christy Clark to intervene
in property markets with a «
speculation tax.»
(Sunday, May 24/15) Both Mayor Gregor Robertson and uber condo marketer Bob Rennie, a key Robertson supporter, have come out
in favour of imposing a housing
speculation tax as a means to dampen the influence of investors
in Vancouver's red - hot
real estate market.
As economist John Tuccilllo recently said, the number one trend
in America right now is skepticism and the result has been an increased degree of
speculation in all types of decision making... including selecting a
real estate agent or company to work with.
Canadian housing markets have boomed
in recent years with extremely high levels of starts, sales and price gains, but the report's authors say «the country's
real estate markets have generally lacked the degree of
speculation that dominated past boom - bust cycles and the excesses have been far less than those evident
in the U.S.»
«Most of our optimism stems from the fact that the global
real estate community learned some hard lessons since the early 1990s, limiting
speculation and controlling overbuilding
in the ensuing years,» said Jacques N. Gordon, Ph.D., international director of research for the company.
There has been
speculation as to whether the lease accounting changes will have a broader impact on corporate leasing decisions, as well as a shift
in preference for owning rather than leasing
real estate.
«The housing market today contrasts sharply with predictions a decade ago that the Internet would «disintermediate»
real estate agents, including
speculation that NAR membership would fall
in half.
Overall it seems the English council tax / property tax system favors landlords over homeowners and does little to discourage
speculation or «parking» money
in English
real estate by foreigners or by anyone else.