The Next U.S. Housing Crisis Has Arrived: Existing Home Sales Post Their Biggest Decline In 4 Years

Things just continue to get even worse for the U.S. housing industry.  New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of their value, and existing home sales just posted their biggest decline since 2014.  For years, we had been witnessing a real estate boom in the United States, but now that has officially ended.  It is starting to feel like 2008 all over again, and many of those that work in the industry are really starting to freak out.  The Federal Reserve has been aggressively raising interest rates, and it is having the exact same effect on the housing industry that it did just before the last recession. (Read More...)

The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America

American Flag - Chinese FlagHas the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once?  As you will read about in this article, the Chinese are on a real estate buying spree all over America.  In fact, in some cases large chunks of land are actually being given to them.  Yes, you read that correctly.  China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people.  Do we really want a foreign superpower to physically own so much of our territory? (Read More...)

Why Are The Chinese Gobbling Up Real Estate And Businesses In Detroit?

Detroit Michigan at Milwaukee Junction looking southwest at Russell Industrial Complex - Photo by no body atollSomething very strange is happening to Detroit.  Once upon a time, it was the center of American manufacturing and it had the highest per capita income in the United States.  But now the city is dying and the Chinese are moving in to pick up the pieces.  Lured by news stories that proclaim that you can buy homes in Detroit for as little as one dollar, Chinese investors are eagerly gobbling up properties.  In some cases, this is happening dozens of properties at a time.  Not only that, according to the New York Times “dozes of companies from China” are investing in businesses and establishing a presence in the Detroit area.  If this continues, will Detroit eventually become a city that is heavily dominated by China? (Read More...)

45 Signs That China Is Colonizing America

Just because you were once the most powerful nation on earth does not mean that you will always be the most powerful nation on earth.  Every single year, hundreds of billions of dollars leaves the United States and goes to China.  This enormous transfer of wealth has had a dramatic effect on both countries.  In case you haven’t noticed, many of our formerly great manufacturing cities such as Detroit are rotting away while shining new factories and skyscrapers are going up all over China.  If you go into any major retail store today and start turning over products, you will find that hundreds of them have been made in China and that very few of them have been made in America.  As a nation, we buy far, far more from China than they buy from us.  As a result, China is absolutely swimming in cash and they have been looking for things to do with all that money.  One thing that China has done is loan the U.S. government over a trillion dollars and this has given the Chinese a tremendous amount of leverage over us.  China has also started to buy up businesses, real estate and natural resources all over America.  This kind of “economic colonization” is similar to what China has already been doing in Africa, South America and Australia.  The formula is actually very simple.  We send them our money and then they use it to buy us.  With each passing day China’s ownership over America grows, and it is frightening to think about where all of this could end. (Read More...)

27 Amazing Statistics About The Real Estate Crash That Never Seems To End: More Foreclosures, More Underwater Mortgages And More Home Price Declines

The real estate crash that never seems to end appears to be getting even worse.  Home prices continue to go down, the number of underwater mortgages is soaring and the number of foreclosures set an all-time record in 2010.  The peak of the housing market was in 2005 and the subprime mortgage crisis erupted in 2008.  Shouldn’t things be getting better by now?  How many years is this real estate crash going to go on for?  Home builders and those that work in the construction industry are deeply suffering because new home sales continue to hover around record lows.  Mortgage professionals are having a really hard time because very few people are seeking home loans and many of those that are seeking loans cannot get approved.  Real estate agents all over the country are pulling their hair out in frustration and large numbers of them have left the industry completely.  The United States has never had such a prolonged real estate slump in the post-World War 2 era.  Unfortunately, there are a whole lot of indications that the real estate crash is going to get even worse. (Read More...)

Will 2011 Be A Nightmarish Year For The U.S. Housing Market?

As we come to the end of 2010, there seems to be very few reasons to be optimistic about the U.S. housing market as we enter 2011.  Home prices have fallen for several months in a row, mortgage rates are going up, mortgage delinquencies are increasing again, the mortgage industry is mired in horrific legal problems and the underlying economy is still extremely sluggish.  During 2009 and throughout the first half of 2010 the U.S. housing market experienced a time of stabilization and it looked like the housing industry might recover, but when the tax breaks expired things started to get bad once again.  Now many analysts are publicly using the term “double-dip” when speaking about prospects for the U.S. housing market in 2011. (Read More...)

The ABC’s Of The Great American Housing Crisis

It doesn’t take a genius to realize that a horrific housing crisis in unfolding right in front of our eyes.  Yesterday it was announced that existing home sales plummeted 27 percent in the month of July.  Today it was announced that new homes sales dropped to the lowest level ever recorded in July.  But why is this happening?  Why is the American Dream still dying for millions of American families?  Wasn’t the recession supposed to be over by now?  Weren’t home prices supposed to be moving back up by this time?  Well, in this article we will attempt to succinctly break down the ABC’s of the Great American Housing Crisis.  Hopefully this will help people understand why all of this is happening. (Read More...)