PPCC: Pisitófilos Creditófagos. Verano 2024

[Urederra]

¿Estos no son los dueños de Tinsa?

Cinven adquiere Idealista por 2.900 millones de euros


El fondo compra el 70% de la plataforma inmobiliaria por unos 2.000 millones y EQT reinvierte en la compañía para quedarse con un 18%

https://cincodias.elpais.com/companias/2024-06-28/cinven-adquiere-idealista-por-2900-millones-de-euros.html

¿Valoran Idealista por 2.900 millones y pagan 2.000 millones y pretendieron vender Tinsa por 600?

Cinven cancela la venta de Tinsa para potenciar su crecimiento internacional

Cinven cambia de estrategia con Tinsa. El fondo, que había contratado a Rothschild y Evercore para desprenderse de la tasadora española, ha decidido cancelar los planes para vender la participada. Y, en su lugar, potenciar su estrategia de crecimiento internacional.

El fondo que pilota en España Jorge Quemada se hizo con Tinsa en 2016, cuando adquirió la firma de manos de Advent. Este a su vez lo adquirió de manos de las cajas de ahorros.

https://cincodias.elpais.com/cincodias/2021/07/21/companias/1626887395_079878.html

[R.G.C.I.M.]

Estoy empezando a pensar seriamente que aquí hay gato encerrado.
Y que hay una capa por debajo que no conocemos, pero a veces asoma la patita cual multiverso en contacto con su vecino.
O será que están colisionando y ya no se tocan solo tangencialmente?
Igual si que ha empezado la guerra de las cucarachas y el gato sale de su encierro con tres pies y un bote de zotal en el rabo.
Ya no sé cuál es mi bando, pero tampoco me importa. 😁

Por otro lado, trato de calcular a ojímetro ( siempre el mejor método) , los ingresos por publicidad, venta de datos, comisiones por transacciones, o pagos por estudios y cuotas de afiliación, y no me salen los números para que idealista valga 2800 minolles de €.
Aunque ya debería estar acostumbrado con Nvidia o los magnificent 7.

Es todo circo, jaleo y achicoria, pero nos van a trasquilar.
Otra vez .

Si pueden y les dejan, toquetéenlas.
Yo he hecho el propósito de volverlo a intentar.



Sds.

[sudden and sharp]

[...] Ya no sé cuál es mi bando, pero tampoco me importa.

¿Qué bandos? Risas. Son las (femeninas) risas lo que cuenta. Mira:



















-------
NO es el dedo... es la Luna

¡Diana!

[Derby]

https://www.wsj.com/articles/americas-frozen-housing-market-is-warping-the-economy-35e4f0e5

America’s Frozen Housing Market Is Warping the Economy


America’s Frozen Housing Market Is Warping the Economy © Tamir Kalifa for The Wall Street Journal

If you locked in a dirt-cheap mortgage when interest rates were low, congratulations for being one of the winners in America’s skewed housing market. Renters, realtors and recruiters are among those getting the raw end of the deal.

High interest rates have had an unexpected impact on U.S. housing. Instead of triggering a fall in home prices, as happened with commercial real estate, costlier mortgages have pushed residential values higher. The value of the median existing home rose to a record $419,300 in May, according to the National Association of Realtors. Before the pandemic, it was $270,000.

Blame the “lock-in” effect of ultracheap mortgages secured when interest rates were low, which are trapping owners in their homes. It is an unforeseen consequence of years of easy money. Two-thirds of outstanding U.S. mortgages have a rate below 4%, according to Morgan Stanley’s housing strategist Jim Egan. Were these homeowners to move, they would have to pay close to 7% for a new 30-year mortgage. The gap hasn’t been as wide since at least the late 1980s.

Compounding the lock-in effect, most people have fixed-rate mortgages today. More than 90% of newly issued home loans in recent years were 30-year fixed-rate loans, compared with two-thirds in the run-up to the 2008 housing crash.

As more owners stay put, the number of homes on the market has fallen. Tight supply is pushing prices higher, shrinking the pool of buyers who can afford a home. A household earning $100,000 a year can only afford 37% of home listings today, according to the NAR. In a balanced market where there is around five months’ supply of inventory available the number should be 62%.

The frozen housing market has economic consequences. Spending linked to home sales has dropped. People normally splurge to fix up houses before putting them on the market or to renovate them after they move in. Work has dried up for professionals handling the logistics of transactions, such as attorneys and real-estate brokers. Together with the construction of new homes, these activities normally account for 3% to 5% of U.S. output, the National Association of Home Builders estimates.


America’s Frozen Housing Market Is Warping the Economy © Roberto Schmidt/Agence France-Presse/Getty Images

The flip side is that millions of households that are locked into cheap mortgage rates can afford to spend elsewhere. They are feeling flush thanks to the $119,000 of additional equity the average U.S. mortgage holder has accumulated over the past four years. This may be one reason why consumer spending has been so resilient in the face of higher interest rates, making it harder for the Fed to bring inflation back to its 2% target.

A less obvious loser is the U.S. labor market. Workers are reluctant to accept job offers in another state if it means sacrificing low housing costs, so labor mobility has taken a hit. One study by economists at the University of California Irvine and UC Berkeley estimates that the lock-in effect discouraged 660,000 moves to a new zip code over the year through June 2023.

Craig Picken, co-founder of Northstar Group, a search and recruiting firm of top talent in the aerospace sector, said that it had become difficult to match companies with the right executives because relocations have financial costs that neither employees nor employers want to shoulder. He gave the example of a vice president of engineering trapped in a “toxic and bureaucratic” workplace with a long commute who nonetheless turned down a new role because he had an existing 3% mortgage.

“His decision came down to an Excel spreadsheet…The salary increase he’d get with the new job was eaten by higher mortgage costs,” says Picken.



Another impact of the lock-in effect is that America’s new homes are shrinking. Houses constructed in 2023 were 5% smaller than those built two years earlier. Builders are trying to keep new homes as affordable as possible for first-time buyers, but the trade-off is less space.

Some housebuilders are winners from the supply crunch, specifically large builders like D.R. Horton that have lending arms. They can use excess profit from high home prices to subsidize buyers’ borrowing costs through mortgage buydowns. They are also less reliant on bank loans to finance construction than smaller rivals. This is one reason why the market share of publicly traded home builders jumped to 51% last year, up from 41% in 2021, according to data provider Zonda.

In theory, if people can’t afford to buy their own homes, landlords should be able to charge more. Rents for individual family homes rose 3% in April compared with a year earlier, according to CoreLogic data. But rents on apartments are barely rising because there is a glut of new supply, offering some relief for tenants for now.

How long could complications caused by the lock-in effect last? Thomas Ryan, economist at Capital Economics, thinks mortgage rates would need to fall closer to 5% for supply to start to normalize. Most projections are for the 30-year rate to be around 6% by the end of 2025. Even at this level, two-thirds of existing homeowners would still have a mortgage in place that was at least 2 percentage points cheaper.

Some homeowners may decide that they can’t delay big life decisions. Divorces and growing families will always force some people to sell up. But this will only boost supply on the margin. The strangest housing market in decades won’t improve soon.

[R.G.C.I.M.]

Por lo menos al gato de chesire no le han cambiado el género.
Aún.
Y al jolgorio y cachondeo tampoco.

Aunque el cursi de Disney le hizo de podemos. 
Todos sabemos que era tabby naranja.  Como Garfield.

Y su reir masculino, cuántico, como el de Sroedinger. 

Yo tengo debilidad por los azules. Incluso cuando no les apetece reir y te miran circunspectos e inquisitivos en amarillo. Podrían ir vestidos de Sherlock y decirte: " alguien ha matado a alguien..."

[sudden and sharp]

Por lo menos al gato de chesire no le han cambiado el género.
Aún.
Y al jolgorio y cachondeo tampoco.

Aunque el cursi de Disney le hizo de podemos. 
Todos sabemos que era tabby naranja.  Como Garfield.

Y su reir masculino, cuántico, como el de Sroedinger. 

Yo tengo debilidad por los azules. Incluso cuando no les apetece reir y te miran circunspectos e inquisitivos en amarillo. Podrían ir vestidos de Sherlock y decirte: " alguien ha matado a alguien..."

Puede ser... Como Pilatos: ¿Donde está la verdad?   [ Que se presente... gorra en mano  ]

[asustadísimos]

MUERTOS VERTICALES.—

Hay dos tipos de muertos verticales:
• políticos (Trump)
• biológicos (Biden)

El próximo presidente de los EEUU puede ser:

Como dice Ruzzarin, el sistema capitalista crea la ficción de que la historia es escrita por la media docena de individuos que triunfan, mientras los demás no saben qué hacer con su 'livertah':
https://www.youtube.com/watch?v=NVPVK6-HowA

Da igual quién sea el presidente y qué retórica dominante haya. Al americano medio —esa mezcla de cuerpo de baile de 'Thriller' y 'hillbillies'—, hay que darle el disgusto de la suelta del nuevo modelo de capitalismo planificado. La salida de Ucrania es el mejor 'trigger' disponible. Habría otros, pero serían peores para el gran capital.

El trump de España es Ayuso. Y el biden, Feijóo. ¿O no?

[Derby]

https://www.ft.com/content/e3498742-ca89-40cb-8fd5-2bc10ed60197

Biden vows to stay in fight with Trump as pressure to quit mounts

US president’s team says he will take part in September debate despite disastrous Thursday performance

Joe Biden and his wife, Jill Biden. ‘Ultimately it will be Jill who makes the decision’ whether he stays in race, said a Democratic donor © Mandel Ngan/AFP/Getty Images

Joe Biden said on Friday that he was pressing on with his re-election bid despite mounting calls by Democrats for him to bow out after a disastrous debate performance against Donald Trump.

The US president told supporters at a campaign rally in Raleigh, North Carolina that he was there for “one reason, because I intend to win this state in November”. The crowd responded with a chant for “four more years”.

In comments that sought to address his poor performance in Thursday’s debate, Biden said: “I know I’m not a young man, to state the obvious. I don’t walk as easy as I used to . . . I don’t debate as well as I used to.”

He added: “But I know what I do know, I know how to tell the truth . . . I know how to do this job . . . When you get knocked down you get back up.”

The president’s comments came as Democrats reported widening panic in the party on Friday after a “disastrous” debate performance, with supporters concluding Biden would struggle to beat Trump at the ballot box in November.

“The only way it could have been more disastrous was if he had fallen off the stage. Big donors are saying . . . he has to go,” the operative said. “If Biden stays in, we will have to watch him on a trapeze wire until November.”

Top Democratic lawmakers, donors and party insiders were rattled on Thursday night after the president frequently stumbled over his words in the debate, gave rambling answers and in some instances appeared to lose his train of thought.

The debate had been seen as a crucial opportunity for Biden to turn around his faltering re-election campaign, which has been weighed down by concerns about his age and the cost of living. He trails Trump in most national and swing state opinion polls.

Before Thursday’s debate, predictive polling models saw a close race, with FiveThirtyEight calling the race a coin flip. But political betting markets moved dramatically against Biden during and after the debate — and a Real Clear Politics average of betting odds on Friday showed Biden with just a 19 per cent chance of winning the presidency.

The Democratic operative said the easiest path forward for the party would be if Biden’s wife, Jill, or other longtime political advisers in his inner circle convinced him to drop out.

Other Democrats are quietly calling for former President Barack Obama or former President Bill Clinton and Hillary Clinton, the former Democratic presidential nominee, to be persuade Biden to step aside.

“There’s lots of gallows humour among Democratic members this morning. The talk about whether Biden continues is fully out in the open,” a Democratic congressman told the Financial Times on Friday morning.

“We need a new nominee,” said another Democratic lawmaker.

A top New York financier said that a small number of influential donors had reached out to Ron Klain and Mike Donilon, two of Biden’s closest longtime advisers, urging the president to do “the right thing for the party and country”. 

“Ultimately it will be Jill [Biden] who makes the decision,” said another top financier. “She’s the voice of reason and I can’t imagine she will want to go through four months of this . . . Joe will listen to her.”

The Biden team sought to project confidence on Friday, saying the president had raised $14mn on Thursday and Friday morning. It said that the hour after the debate was the single best of grassroots, or small-dollar, fundraising since Biden launched his re-election bid.

A campaign spokesperson said Biden was now “riding the momentum” of his “decisive win” as he took his campaign to North Carolina.

After his rally in North Carolina on Friday, the president is set to attend several closed-door meetings with deep-pocketed donors, including a campaign event on Friday night in Manhattan and two on Saturday in the Hamptons and New Jersey.

Trump is set to hold his own rally on Friday afternoon in Virginia, a state he lost to Biden by 10 points in 2020 but where the latest opinion polls show the two men in a statistical tie.

[senslev]

NOS LLEVAN A LA GUERRA. EKAI Center en ZARAUTZ

https://www.youtube.com/watch?v=BMEAII9Uhx0

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional/20240628/page/2/textview

Idealista vuelve a romper moldes

https://www.expansion.com/inmobiliario/mercado/2024/06/28/667dbc88e5fdea5a5c8b45af.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/expansion-nacional/20240628/page/12/textview

SpaceX alcanzará una valoración récord de 196.000 millones

Saludos.

[Cadavre Exquis]

https://www.expansion.com/mercados/2024/06/28/667ddf83e5fdea064d8b4577.html

https://www.pressreader.com/spain/expansion-nacional/20240628/page/17/textview

Atom Bank prefiere la semana de cuatro días al trabajo híbrido

Saludos.

[Cadavre Exquis]

https://www.expansion.com/mercados/2024/06/27/667d9109468aeb206e8b4594.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/empresas/banca/2024/06/27/667d889fe5fdea0e568b45a6.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/economia/2024/06/28/667dad7f468aeb4f708b45a2.html

https://www.expansion.com/catalunya/2024/06/27/667d3682468aeb1f318b4588.html

Saludos.