This Is The Big Bad Wolf
A report from the Oregonian. "Tenants who still have a source of income are finding that rents are flattening, to their benefit. And some apartment managers, hoping to fill units in a market that had a recent flood of new…
It’s Like Parachuting In The Dark, We Don’t Know How Fast We Are Falling
It's Friday desk clearing time for this blogger. "Rising mortgage delinquency rates in Florida are raising fears that the coronavirus pandemic will lead to a foreclosure crisis as bad if not worse than the one that followed the 2008 housing…
Just Another Boom-And-Bust Cycle, Although The Bust Is Happening At Lightning Speed
A report from Los Angeles Magazine in California. "'The hysteria over what’s happening right now is simply out of line with reason and reality. The Great Recession was driven by the collapse of a $15 trillion subprime bubble. Back then…
There’s Been A Lot Who Have Just Kind Of Disappeared, Mailed In The Keys, And Just Vacated
A report from The Wall Street Journal on Florida. "U.S. prosecutors are looking to seize a penthouse in a luxury condominium tower in Miami that they say a son of the Republic of the Congo’s president bought with money embezzled…
They Didn’t Want The Faucet Of Money To Get Turned Off
An editorial from Jonathan Miller in Forbes. "When the Covid-19 crisis began half way through March, the Manhattan housing market was placed on 'pause,' as were many housing markets around the country. That was the beginning of the problem this…
What Are Overripe Bananas Worth? Nothing
A report from the Real Deal on Florida. "The co-founder of a blockchain company paid $5.2 million for a unit at Regalia in Sunny Isles Beach, well under its previous trade price. The 5.5K sf unit last sold for for…
We Were Living In A Time Of Superlatives, Sailing Freely On The Wind Of Tourism
A weekend topic starting with Eugene Weekly in Oregon. "The Eugene City Council heard a range of testimony in favor of and against a proposed ordinance requiring short term rental (STR) operators to obtain a business license. Mike Grudzien, who…
The Overabundance Of Vacant Foreclosed Residential Properties
A report from CBS New York. "As New Yorkers flee the city amid the coronavirus pandemic, parts of the city’s real estate market are rife with empty apartments. CBS2’s Jessica Moore reports the industry is dealing with nearly record low…
There Are A Lot Of People Who Would Love To Sell But They Are Too Exposed Financially
It's Friday desk clearing time for this blogger. "The Corcoran Group Founder and Shark on ABC’s Shark Tank Barbara Corcoran joins Yahoo Finance’s Zack Guzman to break down her latest outlook on real estate amid the coronavirus. Corcoran: You're going…
Many House Owners Are In Trouble As They Cannot Find Tenants To Fill Their Vacant Flats
A report from CBC News in Canada. "The days of cut-throat competition in Toronto for an affordable rental unit — or any unit, for that matter — are gone, at least for now. Pauline Lierman, director of market research for…