The real estate market is already in the deepest depression in modern U.S. history. If you think it can't get any worse, think again. In several cities, the real estate market is about to drop even more. Home values in many of those cities, such as Las Vegas, have already collapsed ...read more

The world is changing. Currently, as a nation, we have a large and well-trained section of our work force dedicated to residential construction. Unemployment within the construction industry now exceeds 20%. That number takes into account only workers getting unemployment compensation. There are also many self-employed individuals, ineligible for unemployment ...read more

I still get the sense that Krugman truly doesn’t understand the Austrian position. For example, he asks, “Why is there overwhelming evidence that when central banks decide to slow the economy, the economy does indeed slow?” But because the Austrian theory says the bust occurs when the central bank backs ...read more

It’s getting more expensive to live in Baltimore….at least if you’re a renter. According to a recent article in the Baltimore Sun rents are up more than 6% over what they were last year in the Baltimore metro area. If you count the drop in various concessions — like waived application ...read more

Investment ideas are cyclical. They come and go, like fashions or cicadas, obeying their own curious rhythms. In the last few years, rare was the investment thinker who said you should buy a house. Housing was in a bubble that was deflating. But the investment seasons turn. Today some smart investors ...read more

The issue with the recent robo-signing scandal is that clear title could disappear in the American mortgage market. Part of the outrage is that U.S. banks have been foreclosing on mortgages which they don’t even own. Part of the reality is that the convoluted process of securitisation means banks may ...read more

When we have a look at markets today, well...it's depressing. Day after day we all have to put up with the fraud of serious looking men and women in suits making a complete mockery of common sense, reason, and good judgement. As exhibit A in the case ...read more

In a place like upstate New York, north of Albany, where April is more generally known as “mud season,” and the wait for “ice-out” on the big lakes takes forever, and on frigid nights the windigos steal through the tops of the tall pines — it would seem foolish to ...read more

L: Doug, People want to know more about Argentina and why you like it so much. So, let’s talk about Argentina. Doug: Sure. This is a good time, too, because I’m having a sort of house-warming party at the world-class resort we’re building in Salta province, northwest Argentina. With the stipulation ...read more

The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. As John Mauldin, a former faculty member himself, knows, we’re very selective with our speakers. And there was no one in ...read more