Housing Bubble Bursting?

[TD Morgan]

Yay!

At least that means an excess supply of old cargo containers in which we will be able to live when we are priced out of our homes and apartments!

Shippers Warn of Overcapacity, Cancel Scheduled Voyages, Announce Profit Warnings

Maersk Line to Cut 4,000 Jobs as Market Deteriorates

After issuing a surprise profit warning last month, Maersk signaled it, too, was no longer immune to a combination of slowing global growth and massive container ship overcapacity on many routes.

http://www.wsj.com/articles/maersk-line-to-cut-staff-as-market-deteriorates-1446623156


Box Markets are in an Over-Capacity Crisis, Next Year Will be Worse

http://shipandbunker.com/news/world...-over-capacity-crisis-next-year-will-be-worse



Harper Petersen Shipping Index

 

[Randolph Kinney]

We may have a big heart, but our wallet is devoid of cash and our credit cards are reaching their maximum limits.

It is time we send the statue to China with the rest of our jobs and capital.

How about letting China buy up all our bankrupt cities, states and territories?

 

[Randolph Kinney]

Yay!

At least that means an excess supply of old cargo containers in which we will be able to live when we are priced out of our homes and apartments!

I believe the Bay Area already has shipping containers as substitute homes and they are stackable too.

 

[Meandering]

Yay!

At least that means an excess supply of old cargo containers in which we will be able to live when we are priced out of our homes and apartments!

Doesn't even need a burglar alarm.

Still can't go off grid.

No room for the batteries.

.
.

 

[Randolph Kinney]

In Mortgages, Here We Go Again? Not Quite

Real-estate-data firm Black Knight Financial Services said that in August 21% of mortgages to buy homes–as opposed to refinances–went to borrowers with credit scores below 700. That was down from 24% in August 2014 and from 40% in August 2005.

The lack of activity from lower-credit borrowers presents a puzzle for federal regulators and mortgage lenders, which have worked for nearly two years to ease mortgage access.

It also shows the weak base underpinning today’s housing market. While the upper echelon of mortgage borrowers has piled into the market with home purchases and refinances at rock-bottom rates, borrowers with any sort of tarnish on their credit reports continue to be shut out or stay away.

So what’s going on? Part of the issue might be still-sluggish wage growth. Total compensation grew 2% in the third quarter from a year earlier, the Labor Department said last week. That pace was in line with wage growth throughout the recovery.

Combine that mismatch with the near-universal expectation that mortgage rates will soon rise above their sub-4% level, and you have a housing market where something has to give.

http://blogs.wsj.com/economics/2015...ere-we-go-again-not-quite/?mod=trending_now_3

 

[Randolph Kinney]

Europe's Biggest Banks Are Cutting 30,000 Jobs

http://www.bloomberg.com/news/artic...obs-to-go-as-standard-chartered-joins-in-cuts

 

[Meandering]

The first U.S. multi-family condo built of used shipping containers is slated to break ground in Detroit early next year.

Eventually the containers wear out and are retired. That’s when architects and designers, especially those with a “green” bent, step in to turn these cast-off boxes into student housing in Amsterdam, artists’ studios, emergency shelters, health clinics, office buildings.

Exceptional Green Living on Rosa Parks, Detroit: Container to Condo

This 20-unit, four-story condo complex consisting of 93 stacked cargo containers – the first U.S. multi-family residence to be built from these discarded vessels – has been in the works for four years. The project is now scheduled to break ground early next year in midtown Detroit. The units will come rigged with ductless heating and air systems, tankless water heaters and other energy-saving systems. “We’re putting money into these energy efficiencies so that the tenant has reduced energy costs,” says Leslie Horn, CEO of Three Squared, the project’s developer. “And we can build in less than half the time.”

Doesn’t it just make you all teary-eyed when rich liberals do nice things for poor folk like making them live in energy-efficient cargo containers? And hey, they are also bullet-proof, so all those poor people stacked in there won’t be shot during drive-bys! That’s some good planning!

http://www.belch.com/blog/2012/11/24/how-much-is-a-shipping-container-full-of-poverty/

That article has a racist bent, but the sentiment translates across race in my mind.

.

 

[Meandering]

December Interest Rate Increase Is ‘a Live Possibility,’ Janet Yellen Says.

To dream the impossible dream
To fight the unbeatable foe
To bear with unbearable sorrow
To run where the brave dare not go

To right the unrightable wrong
To love pure and chaste from afar
To try when your arms are too weary
To reach the unreachable star

This is my quest, to follow that star,
No matter how hopeless, no matter how far
To fight for the right without question or cause
To be willing to march into hell for a heavenly cause

And I know if I'll only be true to this glorious quest
That my heart will lie peaceful and calm when I'm laid to my rest

And the world will be better for this
That one man scorned and covered with scars
Still strove with his last ounce of courage
To fight the unbeatable foe, to reach the unreachable star

Songwriters
JOE DARION, MITCH LEIGH



Read more: Andy Williams - The Impossible Dream Lyrics | MetroLyrics

 

[Randolph Kinney]

The first U.S. multi-family condo built of used shipping containers is slated to break ground in Detroit early next year.

Eventually the containers wear out and are retired. That’s when architects and designers, especially those with a “green” bent, step in to turn these cast-off boxes into student housing in Amsterdam, artists’ studios, emergency shelters, health clinics, office buildings.

Exceptional Green Living on Rosa Parks, Detroit: Container to Condo

This 20-unit, four-story condo complex consisting of 93 stacked cargo containers – the first U.S. multi-family residence to be built from these discarded vessels – has been in the works for four years. The project is now scheduled to break ground early next year in midtown Detroit. The units will come rigged with ductless heating and air systems, tankless water heaters and other energy-saving systems. “We’re putting money into these energy efficiencies so that the tenant has reduced energy costs,” says Leslie Horn, CEO of Three Squared, the project’s developer. “And we can build in less than half the time.”

Doesn’t it just make you all teary-eyed when rich liberals do nice things for poor folk like making them live in energy-efficient cargo containers? And hey, they are also bullet-proof, so all those poor people stacked in there won’t be shot during drive-bys! That’s some good planning!

http://www.belch.com/blog/2012/11/24/how-much-is-a-shipping-container-full-of-poverty/

That article has a racist bent, but the sentiment translates across race in my mind.

.

Hey, that is the solution to the cost of housing people in jail!

 

[Meandering]

Isn't that the same thing, just stacked differently?

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