The Tables Turned
A report from 6 Sq Ft in New York. "While some of Donald Trump’s family businesses have managed to profit from his presidency, his condo buildings in New York City continue to see significant price drops. From 2016 to 2020,…
Stubbornly High Unemployment Has Crushed Many Family Finances And Made House Payments A Challenge
It's Friday desk clearing time for this blogger. "The Chicago City Council enacted the COVID-19 Eviction Protection ordinance in June. After selling two single-family homes to financially maintain his remaining portfolio, Derrick Rowe, a landlord on the South Side, now…
Even Those Who Staked A Claim In The Boom Are Finding Themselves Unable To Survive The Bust
A report from the Star Tribune in Minnesota. "On a good month, the upper floor of Michael and Krista Browne’s Minneapolis duplex near the University of Minnesota could pull in $2,750 to $3,000 as an Airbnb rental. For the Brownes…
It Looks Like Lots Of People And Businesses Are Voting Early — With Their Feet
A weekend topic starting with the Wall Street Journal. "Protesters frustrated that marches on the streets haven’t resulted in more dramatic police reforms have found a new stage: the homes of big city mayors. In San Jose, Calif., a group…
Some Very Tragic And Difficult Stories Of Property Owners Who Are In Extreme Financial Distress
It's Friday desk clearing time for this blogger. "The contours of the ruin caused in New York City are emerging. City unemployment rate climbed to nearly 20 percent in July with nearly a fifth of jobs wiped out, year-to-year. Many…
Homeowners Are Selling Up Like Never Before
A report from Patterson Press on New Jersey. "Burned-out and abandoned, the Victorian house at the corner of Auburn and Fair streets symbolized Paterson’s drug scourge so much that three years ago someone sprayed-painted 'Crackadopia' across its side wall. Brian…
There Was An Acknowledgment That ‘Hey, There’s A Big Problem Here’
A report from the Star Advertiser in Hawaii. "Munro Murdock, Hawaii Legal Short-Term Rental Alliance (HILSTRA) president, said owners and operators across the isles are feeling the pain from delays in reopening Hawaii tourism through a pre-arrivals testing program. 'First…
Looming Evictions And Landlord Mortgage Defaults Are Going To Be Significant
A report from Arlington Now in Virginia. "The numbers don’t lie, folks. In our Just Reduced world, where just months ago, there were a dozen (at the most) homes with reduced prices each week in Arlington County, we’re now seeing…
This Flood Of Units Has The Potential For A Negative Impact On A Market Struggling To Maintain The Status Quo
A report from Business Insider. "Overall mortgage delinquencies rose a seasonally adjusted 8.22% in the second quarter, according to the MBA. That marked a nine-year high, and a nearly 4% increase from the previous quarter, the largest quarterly jump in…
An Extension Of What Happened In 2008 And 2009
A report from Geekwire. "'We’re running naked through the jungle with a Bowie knife clenched between our teeth, which is the way Redfin was born to be,' CEO Glenn Kelman told analysts. 'We’re omnivorous. We’re going to try to take…