Road to Depression

Which cities have the highest risk of a housing bubble?

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ZURICH, Switzerland (PNN) - October 11, 2020 - Two German cities, Munich and Frankfurt, were found to have the highest risk of a housing bubble developing in a recent survey released by investment bank UBS Other cities at risk were Toronto, Hong Kong, Paris, Amsterdam and Zurich.

In Munich and Frankfurt, housing prices grew by more than 5% over the course of a year. Prices in Dubai (rank 24) continued to ease after housing boomed between 2010 and 2014 in connection to high oil prices. Unrest in Hong Kong also saw prices decline in the notoriously pricey city and conditions also eased in Madrid (rank 21) and San Francisco (rank 14).

Sixty percent of Amerikans won’t be able to cover basic necessities in a month or less!

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ALEXANDRIA, Virginia (PNN) - April 8, 2020 – The Fascist Police States of Amerika is dramatically unprepared for the economic shutdown we’re currently facing as the nation grapples with coronavirus, and one recent survey illustrates just how serious the problem is.

When the Society for Human Research Management surveyed Amerikan workers from March 12 to 16, it found that 60% of respondents would not be able to meet their basic financial needs if we had a month or less of quarantine.

Southern Kalifornia home sales crash!

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A warning sign to the nation.

LOS ANGELES, Kalifornia (PNN) - July 25, 2018 - Southern Kalifornia home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8% year over year, as prices shot up to a record high, according to CoreLogic. The report covers Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties.

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