Crash Course

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Martenson Reports

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Determining the Housing Bottom for Your Local Market

Why We Must Embrace Simplicity Now

Are You Prepared for $200 Oil?

Preparing for Higher Food Prices

Hard Times Ahead for Assets

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My name is Chris Martenson. I think the next twenty years are going to look very different from the last twenty. I want you to understand why.

New here? Start with the Crash Course. This series of videos clearly explains how our economy, energy systems and environment face increasing challenges, and explores likely implications for the future.

My primary goal is to position you for a positive tomorrow by taking appropriate action today. I built this site to help you stay informed, protect wealth, build resilience into your life and community, and connect with other concerned citizens. Hope to see you back here often.

Off The Cuff: It's a Mad, Mad World

For enrolled members only. Enroll now to gain full access to all Martenson Insiders.

In this week's Off the Cuff with Mish & Chris podcast, Chris and Mish set their sights on:

  • The Fed
    • 0% interest rates through 2014 (at least!). There's not even a pretense left now about who it's policies are really directed at helping.
  • Europe
    • In the words of Shakespeare, the latest proposals are simply "sound and fury, signifying nothing". At this point, a deep and prolonged recession is a certainty.
  • Japan
    • Decades of can-kicking are coming to their limit. 2012 could well be the year Japan topples into crisis.

Recorded on Wednesday, this podcast features Chris and Mish tackling the parade of head-scratching news announced by various governments and central banks this week. It's almost as if they're competing with each other for the Darwin award.

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Upcoming ChrisMartenson.com Weekend Seminars

Many of you have been asking when Chris and Becca plan to host this year's weekend seminar. Good news: we now have dates -- for not just one, but two workshops.

The first weekend workshop will take place, per tradition, at the Rowe Conference Center on March 23-25. The second is being held at the Kripalu Center for Yoga & Health on June 29-July 1

Both locations are in western Massachusetts and set in peacefully secluded regions rich in natural beauty.

For those not familiar with these workshops, you're likely asking: 'what are the benefits?' Simply put: these weekends are designed to advance participants' ability to make constructive progress around the material and ideas we address on this site. If you've watched the Crash Course, Chris describes this weekend as all about "what comes next".

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Daily Digest 1/27 - Sting Cost Google Millions, Outlook Still Grim For Greece, Aging Population Stresses Prisons

  • Con Artist Starred in Sting That Cost Google Millions
  • Israel Senses Bluffing in Iran’s Threats of Retaliation
  • Pattern of Intimidation Is Seen in Arrests of Iranian Journalists and Bloggers
  • At Euro Talks, a Calm Arm-Twister From the U.S.
  • For Greece, the Outlook Is Still Grim
  • Number of Older Inmates Grows, Stressing Prisons
  • Waste to Energy: A Great Source of Clean Energy - But is it the Correct Waste?
  • Poland Gives Green Light to Massive Fracking Efforts

Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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Fibershed: A Case Study In Sourcing Textiles Locally

Most of us dress ourselves each morning with garments that were grown, processed, designed and sewn by an anonymous supply chain. A combination of animal, plant, machinery, imagination, and technical skill came together to clothe you, but it is rare to have connection to any of these real life elements.

It is the goal of one central Californian community's members to put a face on their wardrobes, and to uncover, develop, and build a new way of engaging with the textiles of their lives. A bioregional supply chain known as a Fibershed is being grown out of a region with a 150 mile diameter — the epicenter just north of San Francisco. 

The project aims to bring a thriving local alternative to conventional textile manufacturing systems and to support communities in reviving, sustaining, and networking their raw material base with skilled design and artisanal textile talent.  read more »

Determining the Housing Bottom for Your Local Market 

For enrolled members only. Enroll now to gain full access to all Martenson Reports.

by Charles Hugh Smith, contributing editor
Monday, January 23, 2012

Executive Summary

  • Why we may need to revisit how we determine "fair market value"
  • Local factors to consider
  • The importance of sentiment, and how to use it to your advantage
  • The emerging two-tier pricing structure for most markets
  • Five tools that will enable you to estimate how near (or far off) prices in your local area are from a bottom

Part I: Searching for the Bottom in Home Prices

If you have not yet read Part I, available free to all readers, please click here to read it first.

Part II: Determining The Housing Bottom for Your Local Market

In Part I, we examined how the policies of the Federal housing agencies and Federal Reserve have fundamentally socialized the U.S. mortgage markets and are propping up housing sales and valuations via zero-interest rate policy (ZIRP), housing subsidies and various loan guarantees.

Along with the structural factors outlined in my December series, Headwinds for Housing, this is the backdrop for our individual assessments of “is this the bottom in my local real estate market?” 

Why This Time May Indeed Be Different

Before we look at some tools that will help us make that assessment, I want to stipulate that this overview is aimed at small-time investors, not institutional players, and that it may first strike experienced real estate investors as too basic. However, we must be alert to the possibility that this real estate market, so dependent on Central State intervention, ownership and policy, is qualitatively different from previous eras. And so the lessons of previous markets could be misleading, akin to “fighting the last war.” Thus we would be wise to start with the most basic tools as a foundation for further investigation.

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