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
Simple solutions are almost always the best solutions. If you're cold, put on a jacket. If your car engine light clicks on, take it into the shop. And, if your coffee loses its piping hot bite…well, heat that baby up. Most of us are fans of the bold, burly sting of a fresh-off-the-brewer coffee at… READ THE REST
It happens every year – and it still feels like a chilly slap across the face each time. Winter rolls in…and you're uncomfortably reminded that the next few months will feel like something you just have to survive. However, there are ways to battle the elements. Assembled below are 30 surefire methods for assuring the… READ THE REST
Lots of people think they can write. But a quick check of social media posts, blogs, and even some astonishingly mainstream media outlets prove that isn't always the case. Writing isn't easy. Writing well is even harder. And, writing well on a tight timeline is tougher still. But, if you've got the talent and ability… READ THE REST