Preserve the People’s Post Office: Let Us Do Meaningful Postal Reform
A rallying cry for the Post Office.
Read more...Category Archives: Real estate
New York City Faces Another “Drop Dead”: How Many Other Cities Will Wind Up in Distress?
We are at best only at the end of the beginning of big cities’ Covid-19 pain. What comes next?
Read more...Apollo’s Leon Black, Found in Serial Child Rapist Jeffrey Epstein’s Black Book, Patronized Strip Club in Russia With Trump
Apollo’s Leon Black needs to develop better taste in friends.
Read more...As Courts Re-Open, Britain’s Renters Must Confront the Power of Landlords
Renters and landlords need to come to terms in the Covid-19 new normal. But it’s not shaping up to be pretty.
Read more...Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess
A spike in mortgage delinquencies says more bad results are coming, particularly with no new stimulus in sight.
Read more...Washington Going Full Andrew Mellon as Stimulus Talks Drag, Inadequate Support Guaranteed
An inadequate second stimulus is guaranteed. The only question is “how inadequate”?
Read more...Rents Swoon in San Francisco, Other Expensive Cities, TX-OK Oil Patch Y/Y. But 23 Cities with Double-Digit Rent Increases
Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time.
Read more...Homeowners Beware: Mortgage Servicers Still Can’t or Won’t Shoot Straight
Mortgage servicers are still engaged the abuses they perpetrated in the foreclosure crisis.
Read more...Google Postpones Employee Return till Mid 2021 as Office Buildings Remain Empty, Residential Delinquencies Soar
White collar workers staying away from the office does not bode well for confidence about getting Covid under control.
Read more...New Study Slams Public Pension Funds’ Alternative Investments as Drag on Performance, Identifies CalPERS as One of the Worst “Negative Alphas”; Shows Folly of CalPERS’ Desperate Plan to Increase Private Equity and Debt and Go Bigger Using Leverage
A new paper shows that public pension fund investment in “alts” like real estate and private equity hurt returns and failed to lower risk.
Read more...“Warren’s Eviction Bill Is Economically and Politically Savvy”
Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.
Read more...Lots of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning
No, Case-Shiller is not yet a reflection of home prices during the Pandemic. Be patient.
Read more...Pandemic-Emptied Hotels Could Become Affordable Housing, City Officials Suggest
Potentially thousands of vacant hotel rooms in New York City alone are ripe for conversion into permanent residences, deputy mayor, housing groups and hotel owners agree.
Read more...Grenfell Tower Fire: Third-Year Anniversary (Non-)Progress Report
Some progress on Grenfell Tower: Remediating apartment blocks, ongoing inquiries, regulatory proposals. But not nearly enough. And then there’s the potential IT boondoggle. They were careless people, Tom and Daisy…
Read more...Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich
Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.
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