Is a real estate tax finally on the way in China? It would sure shake up the stock market there
China is edging toward a national property tax system. The Ministry of Finance expects to get approval for a pilot program in December to roll out in 2011 in cities such as Shanghai and Chongqing, according to Caixin Online. There won’t be any decision until after the...If you're looking for a slowing real estate market in China, you sure won't find it in Hong Kong
Traders and investors hoping that China will soon loosen financial restrictions designed to cool China’s real estate market won’t find any good news in the August 30 land auction in Hong Kong. A parcel in Kowloon Tong went for $165 million in an auction run by Hong...If China were to have a real estate bust, what would it look like?
The consensus is that China has a real estate bubble. The only argument is whether it will burst in some crash that will take down China’s economy or come in for a relatively soft landing that slows China’s economic growth but in no measure extinguishes it. It’s tough...Sell Rayonier (RYN)
I’ve already sold Rayonier (RYN) out of the Jubak Dividend Income Portfolio today, May 28. And now I’m selling it out of Jubak Picks as well. Nothing wrong with the stock—when the real estate market does finally turn, this timber and real estate REIT will do quite...China fiddles while real estate market gets ever hotter
I love a good dither. Especially when it’s cloaked in language that makes it sound like decisive action This morning’s headline in the Financial Times reads “Beijing acts over housing bubble.” Sounds like China did something significant to control an inflating asset...Buy Deltic Timber (DEL)
Deltic Timber (DEL) owns 439,000 acres of timber land in Arkansas and Louisiana. Most of that the company uses to produce timber and pulp wood, but the company is turning an increasing piece—well at least increasing until 2007 put the kibosh on the real estate...Is this the end of the housing recovery? Even talking about an end to government subsidies sends the market into a tizzy
The program that gives first time home buyers an $8,000 tax credit is due to expire at the end of November. The Federal Reserve will talk about winding down its buying of mortgage-backed securities in its two-day meeting this week. Will that be the end to the rally...Update Rayonier (RYN)
Considering that investing in timber seems to be falling out of favor, shares of Rayonier (RYN) have held up extremely well over the last six weeks. The stock is essentially unchanged at $42.96 on September 18 from its August 5 price of $42.29. Now normally I don’t...Corus signals the next wave of bank failures
Here we go again. On Friday, September 11, regulators seized Corus Bank of Chicago. It’s the biggest bank failure to date with its roots in the commercial real estate and construction loan market. And it marks the start of the long-feared next stage of the...Psst! Want to make some money on the collapse in commercial real estate? Here's a fund manager who knows how
The commercial real estate sector is in chaos. And the market is still collapsing with delinquencies on commercial mortgages still climbing. (For more on the commercial mortgage meltdown see my post, “Danger to banks from commercial mortgages still...Inflation is coming no doubt but later than you'd think
To make money off inflation you need to get both the direction and the timing right. Get the direction wrong—buy gold, on a bet that inflation is climbing when inflation is actually falling, for example—and you lose money. Get the timing wrong—buy gold, again on a bet...Sell Plum Creek Timber PCL
Results for Plum Creek Timber (PCL) have been grim lately. But, unfortunately, I don’t think we’ve heard the last of the bad news. In fact the second half of 2009 could bring significant disappointments. So I’m going to take my punishment now and sell these shares...Jim’s Daily Email Alerts:
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