tag:blogger.com,1999:blog-1110014885778996459.post4646990791458219290..comments2024-03-29T04:50:03.060-07:00Comments on Idiosyncratic Whisk: Housing: Part 293 - How has Dodd-Frank hurt low tier housing?Kevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1110014885778996459.post-17355681195336567722021-01-07T13:40:00.397-07:002021-01-07T13:40:00.397-07:00I am Leah Hart I live in Ohio USA I’m 32 Years old...I am Leah Hart I live in Ohio USA I’m 32 Years old, am so happy I got my blank ATM card from united hacking company blank ATM card that can withdraw $5,500 daily. I got it from him last week and now I have withdrawn about $15,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it because it is blank just your PIN will be on it, it is not traceable and now I have money for business, shopping and enough money for me and my family to live on.I am really glad and happy i met united hacking company because I met Five persons before him and they could not help me. But am happy now united hacking company sent the card through DHL and I got it in two days. Get your own card from him right now, he is giving it out for small fee to help people even if it is illegal but it helps a lot and no one ever gets caught or traced. I’m happy and grateful to the united hacking company because he changed my story all of a sudden. The card works in all countries that is the good news contact. email address: unitedblankatmhackcard@gmail.com or whatsApp: +1 (208) 425-7799Leah Harthttps://www.blogger.com/profile/14989559852276020488noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-58274640578552802412018-04-16T22:09:55.875-07:002018-04-16T22:09:55.875-07:00OyOyKevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-69407579937227663912018-04-16T21:37:37.309-07:002018-04-16T21:37:37.309-07:00A grim chuckle for Kevin Erdmann.
The Hong Kong M...A grim chuckle for Kevin Erdmann.<br /><br />The Hong Kong Monetary Authority is tightening up, trying to keep its dollar pegged against the US dollar. <br /><br />"Reflecting gradually tightening conditions in the banking system, the three-month Hong Kong interbank offered rate or Hibor rose 4 basis points to 1.26 per cent. Interest rate swaps (IRS), derivatives used for hedging against future rate expectations, rose at an even faster pace. The one-year IRS jumped 12 basis points to 1.89 per cent and five-year IRS climbed 11 basis points to 2.61 per cent.<br />Analysts expect the combination of higher interest rates in the financial system would mean commercial banks also have to raise the important prime lending rate too, raising risks of piercing the city’s massive property bubble."<br /><br />--30--<br /><br />As elsewhere, people say Hong Kong has fantastically expensive property, including housing, due in large part to easy monetary policies. They have not a property bubble, but a "massive bubble." <br /><br />In fact, the government of Hong Kong seems to work with developers to slowly regentrify one neighborhood after another, in succession. This works to the benefit of connected developers and bank lenders. Maps of Hong Kong reveal the island-peninsula has plenty of…farmland left. Yes, farmland. Also undeveloped hills. <br /><br />But even more basically, many neighborhoods could sprout high-rises, but are awaiting their turn. <br /><br />Housing has become so expensive that Hong Kongers are building and buying "nano flats," 200-300 square feet or so to live. <br /><br />As on the West Coast USA, many HK residents take a cynical view of developers, who they think plan to evict them from their long-standing average-quality neighborhoods, to effect an upgrade for rich people. <br /><br />Since the government is in fact following such a game plan, it is difficult to refute this point of view. The macro view is lost (by consensus).<br /><br />Property zoning is a disaster. <br /><br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-56507893448180579072018-04-16T20:25:49.757-07:002018-04-16T20:25:49.757-07:00Thanks Ben.Thanks Ben.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-24636557928983602402018-04-16T18:09:09.477-07:002018-04-16T18:09:09.477-07:00Remarkable insights. Excellent blogging.
I wish ...Remarkable insights. Excellent blogging.<br /><br /> I wish your general message would get out. It is not access to credit that creates house price booms, it is a good economy married to artificial housing scarcity. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com