SoftBank-Funded Silicon Valley Unicorn Katerra, Which Was to “Transform” the Construction Industry, Collapses
Katerra, one of the rare unicorns with a real or at least plausible business, fell to Covid. Lawsuits will fly.
Read more...Category Archives: Real estate
Despite Federal Moratorium, Eviction Rates Returning to Pre-Pandemic Levels
The eviction process is restarting, even when it is premature under the law. What will the collateral damage be?
Read more...Michael Hudson on American as Absentee Landlord on The Greyzone: Biden Administration, New Cold War, Super Imperialism, Dollar Weaponization
Michael Hudson discusses geopolitics including currency power plays, global institutions like the IMF, the new Cold War, and Bill Gates
Read more...Homeless Reflect on Life in a New York City Hotel Room, One Year Later
Covid housing for the homeless has been beneficial not just for public health but for many of the individuals in the program.
Read more...Even Credentialed Young People Pessimistic About Their Futures
The fact that even well-placed young people are insecure and pessimistic is further proof of the impact of inequality and rentierism.
Read more...Despite Federal Moratorium, Increasing Number of Texas Renters Face Eviction as State Protection Expires
A Texas program meant to financially help renters who have fallen behind has barely taken root.
Read more...Another Blow to Tax Evasion and Money Laundering: UK Targets Art Market After US Goes After Anonymous Shell Companies
The US and UK are making life a bit harder for tax cheats.
Read more...Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth
Why it’s time for a widespread debt writedown.
Read more...New Zealand’s Feeble Attempt to Curb Sky-High Housing Prices
New Zealand, awfully late in the game, is trying to Do Something about insane housing prices.
Read more...Former Board Member JJ Jelincic Sues CalPERS Over Illegal Secret Board Discussion After CIO Ben Meng’s Abrupt Departure and Hiding of Records Related to $583 Million Overstatement of Real Estate Assets
Former CalPERS board member JJ Jelincic is pursuing the thankless task of getting the agency to shape up. He may have found a leverage point.
Read more...The Bullshit Economy: Homebuying “Help”
Introducing “The Bullshit Economy” from Jared Hoist, on products and companies that exist solely to exploit policy failures, in a bad way.
Read more...Why It’s Good for San Francisco that Rents Dropped 29% to Multiyear Low. But They Haven’t Dropped Nearly Enough Yet
Rents in San Francisco have taken a beating. But they need to fall further.
Read more...Housing and the American Dream: Is A House Still a Home?
Single-family home-ownership—elusive for many today—is an aspiration we ought to abandon.
Read more...Why Is Everyone Talking About Squatters’ Rights in Covid-Ravaged Spain?
Squatters versus landlords: the battle lines are drawn as this once-in-a-lifetime crisis threatens to create a whole new generation of olvidados.
Read more...Wall Street Mega-Landlord Blackstone Prepares to Reap the Spoils of Another Crisis
Blackstone was a big winner of the last crisis. Now, it hopes to repeat the feat, albeit using a somewhat different playbook.
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