Here You See A Cliff
Two reports from the Wall Street Journal. "The pandemic has raised important questions about the future of New York City. Clues to the answers—or a way to bet on them—can be found daily in the price moves of four real-estate…
No One Will Make Buyers Unhappy On The Price
A report from Business in Vancouver in Canada. "Metro Vancouver’s condominium rental market – which involves approximately 69,000 units owned by investors is riding out the pandemic well, but tenants are increasingly taking over the driver’s seat. 'The condo rental…
The Normal Waterfall Of Events
A report from the Record Eagle in Michigan. "Linda Witulski fell in love with Elk Rapids about 15 years ago on a vacation. She bought a home in the Lake Michigan shoreline village and turned it into a short-term rental…
Mass Foreclosures And Permanent Job Losses Will Snowball Into A Larger Crisis
A weekend topic starting with Market Watch. "Commercial real estate’s COVID-19 woes can’t be patched up with more debt. That’s Lisa Pendergast, executive director of the CRE Finance Council, an industry group focused on the $4.6 trillion commercial real estate…
Mid-Year Housing Bubble Predictions
What's your housing bubble prediction? From six months ago. "The end of the year is going to be very different from the beginning of the year. The year will start off well, and those in defensive positions (cash, The Precious)…
Some Will Just Exit The Market, While Others Will Go Bust
It's Friday desk clearing time for this blogger. "Not being able to pay rent is a big stressor as thousands of Washingtonians remain unemployed. It’s causing stress not only for tenants but also for small mom and pop landlords. 'My…
Vacant Units Have No Value
A report from the New York Times. "The coronavirus has dealt a blow to the Manhattan real estate market unmatched in recent history, and the prospects of a near-term recovery remain unclear. The median sales price fell 17.7 percent, compared…
Some People Are Just Not Going To Get Mortgages
A report from the Wall Street Journal. "The new coronavirus epidemic in New York obliterated the spring selling season, according to a Wall Street Journal analysis. Apartment sales were down 54% in the second quarter compared with the same quarter…
It’s Literally A Race To The Bottom
A report from ABC News in Australia. "Owners of units in Sydney's Opal Tower have launched legal action against the NSW Government after discovering more than 500 new defects in the beleaguered building. Apartment owner Andrew Neverly said he had…