In addition to the general dearth of housing properties that has been created in the So Cal real estate market over the last five years, there is also the specter of decreasing demand. As the unemployment/underemployment rate in Los Angeles hovers near 20% people are leaving California faster than they are arriving and we mayContinue reading “It’s a renter’s market”
Tag Archives: New York
Petrodollar Recycling, the Bubble and You: Part II
Yesterday, I commented on how we were getting a demo on how some of the money being spent on oil was coming home and speculating on the real estate market. As insightful as that was, it looks like the downturn in the Dubai real estate market is going to dwarf the rollbacks in US cities.Continue reading “Petrodollar Recycling, the Bubble and You: Part II”
Ever heard of Stephen A. Schwarzman?
Remember me telling you about the Seventh Regiment Armory located the Upper East Side? I finally looked it up. The guy who had his sixtieth birthday party there last year, Stephen Schwarzman, is the person one who took the Blackstone (not to be confused with Blackrock or Blackwater) company public – they were heavy intoContinue reading “Ever heard of Stephen A. Schwarzman?”
QuantumTom 