How Climate Change and Widespread Unaffordable Home Insurance Will Wreck Property Values
The death spiral of home insurance in climate afflicted areas has begun. The will and means to tackle underlying issues are sorely wanting
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Wolf Richter: DOGE Seeks to Shed Vast Amounts of Government Office Space. Here’s How Much the Government Leases, and Where, and What Leases it Can Shed During Trump’s Term
For CRE, the motto in 2024 was “Survive till 2025” via extend-and-pretend. Now it’s 2025, and here comes the government’s office space.
Read more...How Los Angeles Can Fireproof Communities, Not Just Houses
Ideas about how to reduce fire risk in Los Angeles do not appear to go far enough.
Read more...Actuaries and Scientists Warn Climate Shocks Risk ‘Planetary Insolvency’ as Power Struggles About How to Rebuild LA Begin
A new report shows a 50% GDP fall from 2070 to 2090 due to climate change. Los Angeles gives a taste of coming struggles about what to do.
Read more...Trump’s HUD Secretary and Our Reverse Robin Hood Housing System
A Trump-Turner housing agenda appears destined to continue the worst aspects of the US approach to affordable housing.
Read more...Rebuilding Rate for Santa Cruz Mountains Lightning Complex Fire Bodes Ill for Los Angeles Reconstruction, Even Before Getting to Insolvency of California State FAIR Plan Wildfire Insurance
The pace of rebuilding after the Santa Cruz Mountains wildfire in 2000 bodes ill for the likely speed of Los Angeles reconstruction.
Read more...This Week’s Unholy Mix of Drought, Wind, and Fire in Southern California: A Warning of an Accelerating Insurance Crisis in Climate-Risk Areas?
More and more homeowners are understandably worried about what insurance increases might look like in the face of intensifying climate risks.
Read more...Will Trump Take On the Housing Cartels?
The DOJ case against RealPage for orchestrating a rental housing price-fixing cartel will tell us a lot about the economic direction of Trump 2.0.
Read more...Should the NYC Council Revisit Airbnb Restrictions? Rival City Hall Rallies Fight it Out.
The fight between AirBnB and tenants in New York City enters a new chapter as the city considers relaxing its short-term rental ban.
Read more...“The Next Crash Could Be Much Bigger Than the Last Two”
Rentierism in housing in the UK has reached what looks like nose-bleed, self-correcting, and thus potentially crash-inducing levels.
Read more...Wall Street Journal Tries “Recovery Finally Underway” Office Space Patter as Securitized Office Mortgage Delinquencies Hit a New Post-Crisis High of 10.4%
The Journal gets egg on its face for trying to call a bottom in the office space market even as delinquencies were accelerating
Read more...Trump Nominates Corporate Lobbyist and Foreclosure Fraudsters Defender Pam Bondi as Attorney General
Pam Bondi has a terrible record as far as going after corporate misconduct is concerned, which explains Senate enthusiasm for her.
Read more...Forget Snowbirds. These Sunbirds Are Flocking North
Hotter days and higher flood risk are prompting people across the South to consider moving north.
Read more...Bank Servicers Whittling Away at Hard-Won Protections Against Foreclosure Abuses: The Maine Example
Banks are slowly making gains in court rulings that will help them again engage in foreclosure abuses.
Read more...Longer-Term Treasury Yields & Mortgage Rates Explode, Yield Curve Un-Inverts Further as Bond Market Gets Spooked
Stock jockeys love Trump and bond vigilantes do not. What do their diverging views say about the prospects for the US economy?
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