Las Vegas house flippers booked an average gross profit of $51,500 per deal in the first quarter. That’s up 29 percent from the same period last year and the biggest haul since at least early 2005
After state government paid $43 million to brothel owner Lance Gilman for Tesla’s land and now has forked over another $59 million in transferrable tax credits, taxpayer have “invested” $214,000 in each $22.00/hour job.
Without legislative action, Illinois will be the Greece of the USA Zone after “Moody’s followed S&P’s downgrade Thursday, citing Illinois’s underfunded pensions and the record backlog of bills that are equivalent to about 40 percent of its operating budget.”
An increase in lending might just kick start the money multiplier and then some honest-to-goodness, noticeable, government-can’t-deny-it price inflation might be just around the corner.
instead of leading the turn as they normally do, new home sales have lagged, both in time and quantity. A yawning gap has opened between the rate of growth in full time jobs, and the new home sales rate.”
The American dream of paying on a big fat, paycheck sucking and mobility stifling mortgage is just waiting for you. Take the plunge. Make America great.
“Construction labor costs are rising an average of 4% to 5% annually, outpacing inflation, according to Anirban Basu, chief economist of the Associated Builders and Contractors. ‘The situation is going to get worse,’” he told Grant.
Jimmy Webb, writes in his new book The Cake and the Rain, “My imagination soared under the influence of these Beatles (and “world class LSD”). Sgt. Pepper was nothing less than a heroic album. It was as important as any music ever written.”
The Vegas convention sweet spot on the calendar has come and gone and I figured that would be his explanation for the tepid market in rides. No, he said it's a supply problem. Too many drivers. He told me,
The shortage of supply, increases in costs, and millennials finally catching the home ownership bug has median prices jumping. Nationwide, “the median was $316,200 last year versus $240,900 in 2005.”
“Virtually all major builders are migrating away from the luxury homes that dominated the early years of the economic expansion and are focusing on lower price points to cater to this burgeoning clientele,”
The home market is still highly sensitive to interest rates. Employment/building permits is an interesting ratio that for the moment looks good, but could flip in a hurry.
It seems Lord Keynes had one thing right when he wrote, “Banks and bankers are by nature blind. They have not seen what was coming…
Despite nine full years of zero-to-slight interest rates, “suddenly” has arrived. “Total US bankruptcy filings by consumers and businesses in March spiked 40% from February
No doubt it’s time. Grant’s Interest Rate Observer points to the Fed’s 111.7 to 1 leverage ratio this week and quips “the central bank’s financial documents come to look like exhibits from some Delaware bankruptcy-court proceeding.”
McCurdy should notice what’s going on in Denver. “Colorado’s restaurant labor market is in Defcon 5 right now, because of weed facilities,”
While economists are worried about too few houses being built, squatting in vacant homes has become an epidemic in Las Vegas,
As John L. Smith wrote, “Few have enjoyed as much success combining skinny girls and whiskey as Jack Galardi.”
