Here's an Australian TV documentary about China's housing bubble which has given rise of bizarre ghost malls, ghost highrises, and even ghost cities. It's symptomatic of the growing divide between China's rich and poor, which has left many Chinese without adequate housing. Unlike the US bubble, the Chinese property bubble isn't founded on cheap credit, which makes the analyst hosting the show believe that it won't burst in the same way as American one.
Property developers in London built more than 1,900 luxury flats in 2018, the majority of which have so far failed to sell; all told, there are 3,000 luxury flats on the market, a high-water mark for a city whose property market was hijacked by offshore oligarchs and criminals who converted much of the housing stock… READ THE REST
China's real-estate bubble is the largest in human history, and despite years of warning signs, it has grown and grown, spilling over into the rest of the world. READ THE REST
After 20 years of unprecedented lows, Canada's central bank is gradually raising rates; this, combined with strict rules on new loans, empty house taxes in overheated cities like Vancouver, and mandatory ownership disclosures (which keep money launderers out of the market) are depressing the Canadian housing market, and the prognosis is not good. READ THE REST
It probably sounds trite, but a quality light source in an emergency really can make the difference between life and death. While you hope to never need it, a powerful, functioning flashlight or headlamp should not only be part of your pack for any outdoor excursion, it should also be stationed in your vehicle for… READ THE REST
It's an option virtually every small business and freelancing professional will eventually consider — do I need to rent office space? Whether it's the result of a growing staff, growing responsibilities, or simply maturing as a company, there's usually a moment for any professional organization when getting a centralized office starts to make a lot… READ THE REST
The cloud is definitely growing up. A decade ago, you'd have been hard-pressed to find many comfortable with saving all of their documents, media, and other important files with a cloud service provider. Today, everyone is on board the cloud storage train. But, with growth comes maturity too. For many users, it's not enough to… READ THE REST