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,…
A report from the Beacon Online in Florida. "Volusia County’s overall property values and the tax base have reached new record highs. The real estate market and the tax base are rising, despite the coronavirus pandemic. 'Hotels were hurt. Restaurants…
A weekend topic starting with Bisnow New York. "New York City’s commercial property values are expected to fall substantially this year. A summary of the past year said that the real estate markets 'collapsed' after the coronavirus gripped the city,…
A report from the Philadelphia Inquirer in Pennsylvania. "The deal was simple: Property mogul Chris Rahn got to buy a bundle of 22 vacant, publicly owned lots on the cheap. In exchange, records show he was expected to build homes…
A weekend topic starting with Bloomberg. "Property investors are about to discover just how much the global fallout from the coronavirus pandemic has spread from deserted and cast-off buildings to their bottom lines. In an estimated $10 trillion global pool…
A weekend topic starting with KPIX in California. "Rent collection has dropped from 80.4% nationally at this time last year to 75.4% at the start of December. Meanwhile tenants are fleeing urban centers left and right. 'I’ve even seen properties…
A report from CNBC. "'Everybody I know is leaving,' said Michael Kronenberg, who owns a downtown Manhattan apartment. 'It’s not just New Yorkers. My partners, long-time clients and investors of mine that live in Connecticut or New Jersey, they are…
It's Friday desk clearing time for this blogger. "A wave of foreclosures is likely coming that will hit low-income homeowners. As of August, over 10% of the eight million single-family mortgages backed by the Federal Housing Administration were delinquent by…
A weekend topic starting with the Los Angeles Times. "When Steve Qunell won a seat on the City Council last year in this town of 8,000, he figured he’d be dealing with potholes and affordable housing. Instead, he finds himself…
Two reports from the Los Angeles Times in California. "Adam Lambert couldn’t quite turn a profit in the Hollywood Hills. The 'American Idol' alum sold his modern digs last week for $2.92 million, or $75,000 shy of what he paid…