Generation Y Meets it's First Housing Bubble!

Regarding these two web sites:

http://www.buydanshouse.com

http://iamfacingforeclosure.com/

Yes, Generation Y, you do not need to fear the first housing decline you've ever seen in your life times. That's because the panacea of all panaceas, the Internet, will save you. Just take your whole life and splatter it onto the Internet in blog format, add a litle Youtube, and Web 2.0 and everything will work out. Putting a blog up will generate so much interest that you'll get a buyer in no time! With all those pageviews to your website you might even be able to pay for your mortgage payments with Ad revenue!... Worked for the MillionDollarHomePage didn't it?

Comments

Thinking about ICOs.

The ICO craze is in full swing. Etherium goes from 30 cents to > $300. The Ten-X ICO and others raise millions in no time. The secondary market for it shoots up massively. The two questions I ask in every bubble are: Where is the money coming from? How can I monitor that source of money to know when the money is going to stop coming? My best guess for where the money is coming from in the ICO bubble is China. China is the home of all the big Bitcoin mines and has a cottage industry of schemes to exfiltrate money out of China and into anywhere else. The "money" is also coming out of Bitcoin to some extent and into other crypto currencies due to high transaction fees. What Countries are using crypto currency? If we look at bitcoin search trends for Bitcoin : We see the U.S is at number 10. And Ethereum, the smart contract cryptocurrency powering the newly hatched ICO world: We see that the U.S is way down the list at number 18. Google under

What's Bernanke going to do during the housing crash?

A Recent NY Times article on the Japanese Housing Bubble got me thinking. Especially this quote: Japanese economists say the United States is not likely to suffer a decline that is as severe or long-lasting as Japan's, because they see a more skilled hand at the tiller of the American economy: the Federal Reserve. Japan's central bank, the Bank of Japan, failed to curb the stock and real estate bubbles until mid-1989, when it was too late and prices were sky-high, they said. Translation: It's different this time! Is it really? Let's listen to some words from Mr Bernanke : But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to

Keeping up to date on China Stock/Economic news

I have been trying to get a daily reading list together so I can more closely follow economic developments in China. I was trying to stay as far away from western viewpoints of China as possible. Reading western news sources is like reading about science in newsweek vs reading china business based and focuses news sources -- which is more like reading the actual technical journal articles. Ok here's my notes on the topic so far: http://www.chinaview.cn/business/index.htm -Decent - basically Xinhua's (Official Chinese News Agency) business section http://english.gov.cn/service/business/sbw.htm -brief gov news agency business headlines. http://www.chinadaily.com.cn/english/bw/bweconomy.html -Not bad with a lot of original information! for example: Quote: "Tax treaty benefits In this article, we shall analyze the process of adopting a Mauritius company as a holding vehicle. The China-Mauritius tax treaty offers some tax benefits in structuring a tax efficient holdin

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