zero hedge Tue 2009-09-01 20:16 EDT
Submitted by Contrary Investor The ``Other'' Real Estate Issue - Revisited... ...CRE will continue to be a problem child issue for some time to come...relative to prior historical CRE reconciliatory cycles, we're just getting started.
Mish's Global Economic Trend Analysis Wed 2009-08-26 16:00 EDT
Last week the Wall Street Journal ran an article about how trust securities sank Guaranty Financial Group and six family-controlled Illinois banks in early July. Please consider In New Phase of Crisis, Securities Sink Banks. Federal officials on Thursday were poised to seize Guaranty Financial Group Inc., in what would be the 10th-largest bank failure in U.S. history. Guaranty's woes were caused by its investment portfolio, stuffed with deteriorating securities created from pools of mortgages originated by some of the nation's worst lenders. Delinquency rates on the holdings have soared as high as 40%, forcing write-downs last month that consumed all of the bank's capital. Guaranty is one of thousands of banks that invested in such securities, which were often highly rated but ultimately hinged on the health of... Security losses are a non-operating item and are listed after pre-tax operating income on the call report. This is very unusual and possibly reveals another cancer hiding on many banks balance sheets. those garbage trust-preferred securities problems are on top of the widely expected fallout from commercial real estate problems affecting small to medium-sized regional banks. Thus, banking woes are much deeper in many areas than either the FDIC or Fed is admitting.
Capitalized Banks Direct Result; Criticizes; Mish's Global Economic Trend Analysis; Stupid; Wonderful Chain.
Tue 2009-06-16 00:00 EDT
Jesse's Café Américain: Second Largest US Commercial Retail Real Estate Company Files for Bankruptcy; General Growth Properties bankruptcy
bankruptcy; Commercial Retail Real Estate Company Files; Jesse's Café Américain; largest.
Thu 2009-02-26 00:00 EST
condo loses 73% from 2006 to 2008; real estate bubble exemplar
Thu 2009-01-15 00:00 EST
The Prime Solution: Interview with Eric Hovde, by The Institutional Risk Analyst (IRA); ``he manifest statist, anti-market tendencies of Ben Bernanke and Tim Geithner should disqualify both of these men from future roles in the economic rebuilding effort''; FICO demise predicted; ``There isn't going to be any [real estate] development in New York once the current projects are complete. Nothing.''; Bear, AIG should all have been put into bankruptcy; ``the same economic team that lit this fuse and let this fuse go 12 years ago is now about to come back into power...It is stunning to me that we are not seeing a wholesale switch-out of these Goldman Sachs participants or their protégés''
Eric Hovde; Institutional Risk Analyst; interview; Prime Solution.
Thu 2009-01-15 00:00 EST
SO AGAIN -- HOW DID IT HAPPEN? by Peter T. Treadway, The Dismal Optimist | The Big Picture; ``excess internationally derived high powered money creation and Minsky private sector credit creation'' ``near term further deleveraging and deflation will prevail globally...too early to buy stocks or real estate or art despite the apparent values''
Thu 2009-01-15 00:00 EST
``Yes, there is a mortgage interest deduction, and a capital gains exclusion for a primary residence - but there is also a property tax for real estate. This is a tax disadvantage compared to stocks and bonds.''
Thu 2009-01-15 00:00 EST
Calculated Risk; Commercial Real Estate Loan Defaults; Reis; triple.
Wed 2008-12-10 00:00 EST
Michael Hudson: The Obama Letdown; public infrastructure investment brings vast windfall gains for well-located real estate
Sun 2008-11-23 00:00 EST
Sun 2008-11-23 00:00 EST
Fri 2008-11-07 00:00 EST
