A report from the Wall Street Journal on New York. "Kushner, the company once led…
This Post Has 18 Comments
The first 7:40 video from Orange County CA:
As Home Prices Are Reduced, Are Home Values Dropping?
Jul 29, 2022 35% of all active homes have had at least one price reduction. But does this mean home values dropping? We have seen a shift in the housing market as it becomes more balanced. Fears of a looming recession, are causing some to believe that home values will drop. However, price reductions doesn’t necessarily mean home values are dropping.
The second 6 minute video:
Is Now A Good Time to Purchase a Home? | Phoenix Real Estate
Jul 29, 2022
North Florida Real Estate Housing Bubble in Jacksonville Metro Area
Jul 29, 2022 North Florida Real Estate Housing Bubble Week 11. Week eleven of my Bubble Watch series. Should you buy or should you sell? Everyone has the real estate housing market on their minds. Tom Kerr a Realtor in North Florida takes you into the back end of his MLS account to show you what is actually happening now. This is the eleven of a weekly video series to keep tabs on the conditions for just you, a regular person. We call it Bubble Watch. Is North Florida’s Jacksonville metro area housing bubble about to burst?
‘Amazon.com Inc. was the latest company to discuss its belt-tightening efforts this week. During its quarterly earnings call Thursday, the e-commerce giant said it’s been adding jobs at the slowest rate since 2019. After relying on attrition to winnow its staff, Amazon now has about 100,000 fewer employees than in the previous quarter.Here’s a look at the companies tapping the brakes.’
‘Peebles Corporation CEO Don Peebles weighed in on the volatile housing market, arguing that New York City is suffering from a record-breaking number of commercial office vacancies because businesses are moving to “low tax environments.”
‘DON PEEBLES: All cities aren’t created equally. New York City has changed dramatically. People are not coming back into their offices. And as a result of the decline in commercial office space, demand, is very significant. Record-breaking vacancies, record-breaking low occupancy numbers, and that’s affecting, of course, the retail around it and businesses that depend on that.’
‘Clearco has cut a quarter of its staff and signalled it could retreat from several foreign markets as the e-commerce merchant financier became the second prominent Canadian technology company this week to admit it expanded too quickly in anticipation of growth that hasn’t materialized in a worsening economy.’
“This isn’t an easy time for credit businesses; it isn’t an easy time for my business,” Michele Romanow, CEO of the Toronto company, officially known as CFT Clear Finance Technology Corp., and a star of TV’s Dragon’s Den, said in an interview. “We had hired expecting the economy to grow at a certain rate and the economy has not delivered. The last thing a founder wants to do is lay off people. It’s devastating. There really are no other words I have for that.”
‘Ms. Romanow echoed Shopify Inc. CEO Tobi Lutke, when he admitted on Tuesday he had been wrong to believe e-commerce growth would keep soaring at the same rate as early in the pandemic – a miscalculation that prompted the company to lay off 1,000 people.’
‘The California State Teachers’ Retirement System reported a 1.3% loss on its investments for the most recent fiscal year, the first drop since 2009, fueled by sharp declines in stocks and bonds. Calstrs outperformed its larger peer, the California Public Employees’ Retirement System, which lost 6.1% on its investments in its most recent fiscal year.’
‘Another round of layoffs has struck Austin, Texas-based multi-channel lender Open Mortgage, after a prior round was reported in June by RMD. Open Mortgage Founder and CEO Scott Gordon confirmed for RMD that layoffs had taken place, but did not specify how many or what percentage of the workforce was impacted.’
“In the traditional purchase mortgage channel, we are experiencing the same headwinds as every other lender nationwide — rising interest rates, record-low inventories, and inflation creating weaker demand,” Gordon told RMD in a statement. “As a result, we have made the difficult decision to reduce our operations and corporate staff to align with the lower traditional purchase volume expected this year. “
The West’s most important water supply is drying up. Soon, life for 40 million people who depend on the Colorado River will change.“We thought we could engineer nature… huge mistake,” the general manager of the Colorado River District says
An attorney…. Knows nothing about the business end of engineering and construction. I’ll personally wager a hundred dollar bill with anyone who can prove he’s not a tree hugging fool.
Back in the day when the western U.S. was being developed and populated engineers occupied most of the infrastructure management positions.
Exactly….and they all moved on to consulting and were replaced by short sighted limpwristed bureaucrats.
The first 7:40 video from Orange County CA:
As Home Prices Are Reduced, Are Home Values Dropping?
Jul 29, 2022 35% of all active homes have had at least one price reduction. But does this mean home values dropping? We have seen a shift in the housing market as it becomes more balanced. Fears of a looming recession, are causing some to believe that home values will drop. However, price reductions doesn’t necessarily mean home values are dropping.
The second 6 minute video:
Is Now A Good Time to Purchase a Home? | Phoenix Real Estate
Jul 29, 2022
The third 6 minute video with PDF slide:
Cape Coral Southeast Real Estate Market Update
Jul 29, 2022
https://drive.google.com/file/d/1QkFYkcRCSmNzDRUqylDEusgV-5XaU2on/view
The last 24 minute video:
North Florida Real Estate Housing Bubble in Jacksonville Metro Area
Jul 29, 2022 North Florida Real Estate Housing Bubble Week 11. Week eleven of my Bubble Watch series. Should you buy or should you sell? Everyone has the real estate housing market on their minds. Tom Kerr a Realtor in North Florida takes you into the back end of his MLS account to show you what is actually happening now. This is the eleven of a weekly video series to keep tabs on the conditions for just you, a regular person. We call it Bubble Watch. Is North Florida’s Jacksonville metro area housing bubble about to burst?
‘Amazon.com Inc. was the latest company to discuss its belt-tightening efforts this week. During its quarterly earnings call Thursday, the e-commerce giant said it’s been adding jobs at the slowest rate since 2019. After relying on attrition to winnow its staff, Amazon now has about 100,000 fewer employees than in the previous quarter.Here’s a look at the companies tapping the brakes.’
https://finance.yahoo.com/news/microsoft-google-latest-tech-giants-232957843.html
That’s a long list.
‘Peebles Corporation CEO Don Peebles weighed in on the volatile housing market, arguing that New York City is suffering from a record-breaking number of commercial office vacancies because businesses are moving to “low tax environments.”
‘DON PEEBLES: All cities aren’t created equally. New York City has changed dramatically. People are not coming back into their offices. And as a result of the decline in commercial office space, demand, is very significant. Record-breaking vacancies, record-breaking low occupancy numbers, and that’s affecting, of course, the retail around it and businesses that depend on that.’
https://finance.yahoo.com/news/nyc-commercial-real-estate-facing-140233875.html
Wa happened to frozen soup line Larry?
‘Clearco has cut a quarter of its staff and signalled it could retreat from several foreign markets as the e-commerce merchant financier became the second prominent Canadian technology company this week to admit it expanded too quickly in anticipation of growth that hasn’t materialized in a worsening economy.’
“This isn’t an easy time for credit businesses; it isn’t an easy time for my business,” Michele Romanow, CEO of the Toronto company, officially known as CFT Clear Finance Technology Corp., and a star of TV’s Dragon’s Den, said in an interview. “We had hired expecting the economy to grow at a certain rate and the economy has not delivered. The last thing a founder wants to do is lay off people. It’s devastating. There really are no other words I have for that.”
‘Ms. Romanow echoed Shopify Inc. CEO Tobi Lutke, when he admitted on Tuesday he had been wrong to believe e-commerce growth would keep soaring at the same rate as early in the pandemic – a miscalculation that prompted the company to lay off 1,000 people.’
https://www.theglobeandmail.com/business/article-michele-romanows-clearco-cutting-a-quarter-of-staff-as-financier/
‘The California State Teachers’ Retirement System reported a 1.3% loss on its investments for the most recent fiscal year, the first drop since 2009, fueled by sharp declines in stocks and bonds. Calstrs outperformed its larger peer, the California Public Employees’ Retirement System, which lost 6.1% on its investments in its most recent fiscal year.’
https://ca.news.yahoo.com/calstrs-posts-1-3-loss-205624794.html
How did you lose yer shack mate,?
My pension plan invested in Wall Street, buying lots of Bernie madoff stocks.
Teachers aren’t worth it anyways.
‘Canadian real estate prices are falling at one of the fastest rates ever, averaging nearly $1,000 per day last month.’
https://betterdwelling.com/many-of-canadas-peak-real-estate-buyers-might-already-be-underwater/
‘Another round of layoffs has struck Austin, Texas-based multi-channel lender Open Mortgage, after a prior round was reported in June by RMD. Open Mortgage Founder and CEO Scott Gordon confirmed for RMD that layoffs had taken place, but did not specify how many or what percentage of the workforce was impacted.’
“In the traditional purchase mortgage channel, we are experiencing the same headwinds as every other lender nationwide — rising interest rates, record-low inventories, and inflation creating weaker demand,” Gordon told RMD in a statement. “As a result, we have made the difficult decision to reduce our operations and corporate staff to align with the lower traditional purchase volume expected this year. “
https://reversemortgagedaily.com/articles/layoffs-strike-again-at-open-mortgage/
The West’s most important water supply is drying up. Soon, life for 40 million people who depend on the Colorado River will change.“We thought we could engineer nature… huge mistake,” the general manager of the Colorado River District says
https://www.greeleytribune.com/2022/07/25/colorado-river-drought-water-crisis-west/
“We thought we could engineer nature… huge mistake,”
If the SW hadn’t developed so much, Lake Mead wouldn’t be so empty. There are just too many straws sipping from the Colorado.
https://www.zerohedge.com/political/we-have-technology-la-plans-recycle-wastewater-taps
California drinking their own sewage.
Same thing happens on the International Space Station.
Why not? Space station astronauts do it.
Bend OR Housing Prices Crater 12% YOY As Mortgage And Appraisal Crime Go Prime Time
https://www.movoto.com/bend-or/market-trends/
As one Oregon broker declared, “Buyers and sellers are financial cripples.”
“We thought we could engineer nature… huge mistake,” the general manager of the Colorado River District says
https://www.linkedin.com/in/andrew-mueller-03878b7
An attorney…. Knows nothing about the business end of engineering and construction. I’ll personally wager a hundred dollar bill with anyone who can prove he’s not a tree hugging fool.
Back in the day when the western U.S. was being developed and populated engineers occupied most of the infrastructure management positions.
Exactly….and they all moved on to consulting and were replaced by short sighted limpwristed bureaucrats.