Wealthy developers cash in as cost of Buffalo tax break rises to $66.9 million

Wealthy developers cash in as cost of Buffalo tax break rises to $66.9 million Tax break for mixed-use development has been abused to force property owners and renters to pay taxes for luxury lofts Read More → Eyes on the Ties

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Housing Market Flashes Recession Warning

Housing Market Flashes Recession Warning By Mac Slavo The housing market has started flashing a recession warning. The gap between home prices and income are currently pointing to a recession by the 2020 election. According to Benn Steil, the director of international economics at the Council on Foreign Relations, a dynamic similar to the one in 2008 is currently playing out.  “Looking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices and household income,” Steil wrote…

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Robo Realtors Invade Tennessee Housing Market — “It’s Like A Segway With An iPad”

Robo Realtors Invade Tennessee Housing Market — “It’s Like A Segway With An iPad” By Tyler Durden As you might remember, if not, we’ll refresh your memory, we reported on a real estate technology company several years ago that wanted to lower the cost of home-selling by using robots and “big data” instead of commission-based real estate agents. Now it seems the trend of replacing real-estate agents with robots is heating up again. This time, robots have already sold nearly two dozen homes in Tennessee. The home buying process in Tennessee is…

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The Grass Gestapo Is Out of Control: 30K in Fines and Potential Foreclosure for a Too-Long Lawn

The Grass Gestapo Is Out of Control: 30K in Fines and Potential Foreclosure for a Too-Long Lawn By Dagny Taggart A few weeks ago, I noticed a woman standing in my neighbor’s yard doing something I thought was pretty damn strange: she was measuring blades of grass with a tape measure. Then I noticed the city truck parked on the street. Turns out, the woman was with codes compliance or whatever they call it…apparently, her job is to drive around looking for reasons to harass and extort people for things…

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Leading Indicator Of Home Remodeling Activity Warns Big Drop Coming

Leading Indicator Of Home Remodeling Activity Warns Big Drop Coming By Tyler Durden Growth in residential remodeling spending is expected to fall through 2H20, according to the Leading Indicator of Remodeling Activity (LIRA) published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The leading indicator [LIRA] forecasts that annual growth in homeowner expenditures for improvement will plunge 6.3% in the current quarter to just .40% by late spring 2020, an ominous sign that a deep structural slowdown which started in 1Q18 is now spreading like cancer through…

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EMPTYING THE MAGAZINE: Trump Blasting At FED — Dollar VICTIMIZED!

EMPTYING THE MAGAZINE: Trump Blasting At FED — Dollar VICTIMIZED! We Bring You This Critical Alert, Contributed By WealthResearchGroup.com and Their Founder, Lior Gantz, Who I regard as an expert on investing in these critical times. There’s absolutely no doubt that the United States of America has dramatically changed from the country it was half a century ago. The transformation is so massive that once the evolution is completed in ten years from now, you will not recognize it at all. In the past decade, after nearly 8 million Americans lost their homes in…

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Government Fines Elderly Man $30K, Trying to Steal His Home Because His Grass Was Too Tall

Government Fines Elderly Man $30K, Trying to Steal His Home Because His Grass Was Too Tall By Matt Agorist Dunedin, FL — Jim Ficken is not a criminal, has never been in jail, and is a model citizen in the town of Dunedin, Florida. However, the government intends to rob him and steal his home because Ficken’s grass grew too long and Ficken was unable to cut it. The entire police state overreach began for Ficken last year when he was out of town trying to take care of his…

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Housing Market Crash 2.0: The Jury is in for 2018-2019

Housing Market Crash 2.0: The Jury is in for 2018-2019 By David Haggith As happened with the first housing market crash that began in 2007 but didn’t become widely recognized until mid-2008, the present housing crisis began exploding one story at a time last summer, and this blog was perhaps the first to state that summer’s change was the turning point from decades of ascent into a collapse in housing sales and prices. I said the same thing back in 2007, and people didn’t believe me then either. The present…

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Housing Demand Stalls: Homebuilder Confidence Plummets

Housing Demand Stalls: Homebuilder Confidence Plummets By Mac Slavo The signs of a weakening and crash-worthy economy are all around, such as a lack of confidence in the housing market. Demands for new homes have stalled this month, which has caused new homebuilder confidence to plummet. Rising interest rates and the continuous rate of home price growth is hurting new homebuilders’ confidence in the housing market. Not only are homebuilders losing faith, but others are concerned about the affordability of homes now. According to CNBC, sentiment among homebuilders dropped 8…

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Subprime Loans Are Back, Proving We Have Learned Nothing from 2008

Subprime Loans Are Back, Proving We Have Learned Nothing from 2008 By Brittany Hunter For as often as the phrase “history repeats itself” is used, it’s shocking how rare it is for mankind to actually learn from its mistakes. This year marks a decade since the housing crisis rocked the American economy to its core. Its implications were so far-reaching, many are still recovering from the devastation today, making it all the more frustrating that few seem to have learned any sort of lesson from the not-so-distant collapse. Over the…

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