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Real Estate Goes BERSERK As Evictions Loom, Businesses Move To Texas and Florida!

READY FOR MASS EVICTIONS?

source / The Money GPS

Looking at the latest trends, we can see that homebuyers are taking advantage of historically low interest rates. This allows them to carry an extreme amount of debt spread over decades at a fixed cost. Of course, most people don’t take into account that over these decades, the actual amount paid for the home could be more than double the asking price of the home. Either way, people aren’t going to stop taking on more debt. As it grows, it puts additional pressure on the fragile system, and will only be a detriment long term. But hey, who cares, right?

 

US home prices rise at fastest pace in more than 6 years

US home prices rise at fastest pace in more than 6 years

WASHINGTON (AP) – U.S. home prices jumped in October by the most in more than six years as a pandemic-fueled buying rush drives the number of available properties for sale to record lows. That combination of strong demand and limited supply pushed home prices up 7.9% in October compared with 12 months ago, according to Tuesday’s S&P CoreLogic Case-Shiller 20-city home price index.

1 year price change major cities append.jpg (1136×741)

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Real Estate Optimism Blows Past Pre-Virus Levels in Canada – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-29/real-estate-optimism-blows-past-pre-virus-levels-in-canada?srnd=premium-canada

2020-12-28_12-18-10_0.png (1017×550)

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People leaving Hawaii permanently doubled in 2020

US Census Bureau: Hawaii’s population continued to decline

Editor’s note: A previous version of this story said the number of residents leaving Hawaii doubled in 2020, based on an erroneous interpretation of the data taken from the Grassroot Institute of Hawaii press release, which drew on another source for its figures. The U.S.

A Nation’s Economy Divided: Breadlines vs. Bread Makers

https://www.bloomberg.com/features/2020-economic-recovery-inequality/?srnd=premium-canada

LADPH Asks Hollywood to Stop Filming Amid Case Surge

LA County Health Officials Ask Hollywood to ‘Strongly Consider Pausing’ Production Amid Covid-19 Spikes

The Los Angeles County Department of Public Health has asked the entertainment industry to “strongly consider pausing” production for the next couple of weeks due to the surge in coronavirus cases in the state. Los Angeles Mayor Eric Garcetti (D) issued an emergency authority order earlier this month, asking residents to “cancel everything” amid the recent spike, yet Hollywood has continued to film.

Ten Ways Covid-19 Has Changed the World Economy Forever

Ten Ways Covid-19 Has Changed the World Economy Forever

(Bloomberg) — Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and far-reaching change.Measured by output, the world economy is well on the way to recovery from a slump the likes of which barely any of its 7.7 billion people have seen in their lifetimes.

Fed, Treasury Provide One-Week Reprieve for ‘Main Street’ Program After Demand Surges – WSJ

Fed, Treasury Provide One-Week Reprieve for ‘Main Street’ Program After Demand Surges

The Treasury Department and Federal Reserve said Tuesday they had extended the cutoff date for the Main Street Lending Program from Dec. 31 to Jan. 8 to process a last-minute crush to deliver loans.

Global banks generate record $125bn fee haul in 2020 | Financial Times

Global banks generate record $125bn fee haul in 2020

Investment banks across the world generated a record $124.5bn in fees this year as companies raced to raise cash in order to survive the pandemic. The windfall came as lenders earned high fees underwriting debt and equity offerings for clients such as aerospace group Boeing, property rental site Airbnb and telecoms group SoftBank, according to data provider Refinitiv.

Charles Schwab to Officially Move Headquarters to Denton County on Jan. 1 – NBC 5 Dallas-Fort Worth

Charles Schwab to Officially Move Headquarters to Denton County on Jan. 1

The Charles Schwab headquarters is officially coming to North Texas on Jan. 1. According to Denton County, the move is significant for the financial sector, both in North Texas and on a larger scale. The financial services firm announced a $26 billion merger with TD Ameritrade in October 2020.

NFL player to be paid in bitcoin

NFL player to be paid in bitcoin

In May 2019 NFL player Russell Okung tweeted “Pay me in Bitcoin” and now that appears to be happening. The Carolina Pathers tackle will receive half of his $13 million salary in the cryptocurrency. The arrangement comes by way of bitcoin startup Zap, according to industry site coindesk.


Real estate has been going much higher in many areas in the U.S. as we have seen changes in work habits but also with interest rates. As they continue to drop, we have seen more interest in refinancing, and an increased appetite for debt. Mortgages are growing. Debt is accelerating.


— APPENDICES —

— The Money GPS: Aim Higher (Instagram Dec 17, 2020)

— The Money GPS: Never lose money (Instagram Dec 16, 2020)

— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)

— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)


— FOOTNOTES —

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Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

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What if the stimulus included more money for people. Is $1200 enough? $2000? Is this going to solve any deep rooted problems? What about the disgraceful 5600 pages filled with billions that have nothing to do with where people actually need help? #StimulusChecks #StimulusBill

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We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt

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IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta

 


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

#money #finance #invest

 

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hope
January 2, 2021

It is the need of hour to stay at home avoid corona virus, but do not sit idol and work online and make full use of this hostage period. I am making $75 per hour on my laptop. Here is link to work no instant expense join for free for more detail …….earn75. com
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jpthiran
January 2, 2021

…lol…and mass scale defaults are guaranteed…another very large scale financial crisis is around the corner…

Over It
Over It
January 2, 2021

They already TOLD you what their new “economy” will be. MORE businesses destroyed, sky high energy costs, and what little you are left with will be consumed in CARBON TAXES to your new communist government. They are telling you to your face now “YOU WILL OWN NOTHING AND BE HAPPY” ~ Neither by consent, conquest or fraud will I EVER peacefully accept communism, and yes, thats what is happening here, a communist coup. There IS NO peaceful solution to a communist takeover… Start getting that in your head. You WILL have to fight for freedom, very soon… The REAL NAZls are… Read more »

Dr. Cowan and Sally Fallon Morell Discuss The Contagion Myth

Election Hammer: The beginning was a supersized domestic cyber surveillance system built by Brennan with help, Feb 2009.