While Supply Rose, Demand Plummeted
A weekend topic starting with Curbed New York. "Since it took off about a decade ago, the co-living industry has gone to great lengths to sell an image of communal bliss. If you were a minor player with a master…
Determined To Make An Economy Out Of Trading Non-Productive Assets Between Each Other At Higher And Higher Prices
A weekend topic starting with Kyodo News. "Skyrocketing property prices in South Korea are leaving ordinary people struggling to find affordable housing, especially in the capital Seoul and surrounding areas. A survey showed that the price has come close to…
Lenders Are Worried This Runup Will End The Way The Last One Did
It's Friday desk clearing time for this blogger. "Stagnant prices in Southwest Austin may be in line with the predictions of some local real estate experts that the market is cooling off. In a survey of more than 500 real…
They Are So Deep In The Hole
A report from 9 News in Colorado. "In many of the nation’s top housing markets, including Colorado, roughly one in five houses sold is now bought by someone who never moves in. 'The fear is that the larger, corporate investors…
There’s Going To Be A Lot Of Owners Holding The Bag On This Thing
A report from Mansion Global. "Prices have soared as demand significantly outclips supply. But amid all the excitement, more contracts are also falling through, and many prospective buyers are placing offers sight-unseen, only to back out later. 'There is a…
How Many People Have Gone To Jail As A Result Of The Panama Papers?
A report from the Globe and Mail in Canada. "Rohana Rezel is on a mission to shine light on Vancouver’s hidden real-estate market. Mr. Rezel, a senior software architect, is also one of a small group of citizen researchers who’ve…
It’s Possible The Market Overshot And Is Now Settling At A New, Higher Plateau
A report from the Real Deal on Florida. "Ken Griffin has left Faena House. The CEO of Chicago-based Citadel sold his remaining penthouse at the ultra-luxury Miami Beach condo building, a three-bedroom, 4,243-square-foot unit, for $11.2 million. Griffin paid $60…
Escaping All Proper Control
A weekend topic starting with China Worker. "The following is a document discussed at the 2015 congress of the ISA’s China, Hong Kong and Taiwan section. This appeared in our book Building the Socialist Alternative (published by chinaworker.info November 2015,…
The Same Force Leading To New Supply Reduces The Ability Of Buyers To Keep Interested
A weekend topic starting with NBC DFW. "Invitation Homes CEO Dallas Tanner told CNBC he believes the U.S. housing market is 'extremely healthy' right now. 'I would expect that home prices stay relatively stable, if not continue to grow in…
A Reversal Of The Unsustainable Spike Is Unfolding
It's Friday desk clearing time for this blogger. "Contrasted with the relatively healthy real estate market of May 2019, single-family sales were down 9.7 percent in Massachusetts last month. 'You have to go all the way back to 2015 to…