A Sort Of Monomania
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…
As Loans Get More Delinquent, That’s When The Real Costs Come Into Play
A report from the South Florida Business Journal. "The Related Group proposed a 37-story apartment building with no on-site parking in downtown Miami. There’s an over-supply of condos on the market in downtown Miami and condo sales have slowed during…
There Is A Butterfly Effect Happening In The Wake Of These Rental Market Corrections
A report from Realtor.com. "Steve Mariucc is prepped to take a loss on his New York City apartment. The NFL Network analyst has put the Upper East Side condo on the market for $2,595,000. The offensive guru purchased the three-bedroom…
It’s Coming, It’s Just A Question Of How Bad Is It Going To Be
Two reports from the Wall Street Journal. "Even with recent gains, more jobs have been lost—nearly 11 million—than were cut in the wake of the 2007-09 recession, when 8.7 million were eliminated. Economic production, despite a sharp bounce-back in the…
There Is Blood On The Streets
A report from Seattle PI in Washington. "Seattle condos are breaking records – well, it is not necessarily a good thing. Politics, protesting, poor city governance and the Coronavirus-epidemic have all contributed to a 130% increase in Seattle condos for…
Pay Attention To What It Takes To Get To The Next Lower Price
A report from Bankrate. "You’ve listed your home at what you both believe is an accurate price, and you’ve hosted many showings, but so far, no one has made an offer. So why hasn’t your home sold? 'Pricing is usually…
The Ponzi Scheme Refrain Came Through Loud And Clear
It's Friday desk clearing time for this blogger. "The good news for buyers is that inventory is rising in places such as Arlington County and Alexandria, up 39% and 38% respectively compared to a year ago. 'We’re seeing huge increases…
Tomorrow Isn’t Yesterday
A report from ABC News on New York. "'Everyone's scared. A lot of major landlords are extremely nervous,' Chris Okada, a broker and investor in Manhattan, told ABC News. 'I mean, the Upper East Side is a ghost town. There…
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,…
This Is Not About Reform, It Is About Revolution
A weekend topic starting with the Brooklyn Rail. "Reaching out to and organizing these dispersed tenants is a daunting task, but a devoted core forms to coordinate the effort, and eventually begins to organize into neighborhoods and city blocks to…