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Did You Know?


DID YOU KNOW? How do you make housing more affordable? Build lots. In Dubai they have built too much so now Dubai house prices have plummeted to their lowest levels in over 10 years last quarter, according to Cavendish Maxwell. The average single-family home price sunk 24% over the past year to $495,500, a level not seen in over 11 years despite a global recession and regional economic meltdowns over the past decade. (Penta)
 
DID YOU KNOW? While Hispanics comprise only 18% of the U.S. population, the group accounted for nearly 63% of new U.S. homeowner gains over the past decade. Hispanics took out 9.4% of mortgages in the U.S. last year, (WSJ)

DID YOU KNOW? The Chinese economy grew by 6.2% in the second quarter, down from 6.4% in the period before, and the slowest in decades. (WSJ)
 
DID YOU KNOW? Sir James Dyson's recent purchase of the 21,000sf Singapore penthouse atop Wallich Residences at Tanjong Pagar, was the most expensive home on the market in the city-state when it hit the market in 2017 for $79.5 million. He bought it for a discount of almost 33%......that's roughly a quarter of the price that Ken Griffith paid for his Manhattan 220 Central Park South penthouse that still requires a complete finish out. (FT) 
 
DID YOU KNOW? This month the U.S. economy will have been growing for 121 months, the longest run since records began in 1854. The debt of non-financial businesses is at an all-time high of 74% of GDP. (Marketwatch)
 
DID YOU KNOW? 23% of Baby boomers in a recent study had ZERO retirement savings. If they paid on average $2,000/month on rent over the past 40 years, that alone is just shy of $1 million..... $500,000 if their rent averaged $1,000/month. (Marketwatch)



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