CalPERS Short-Changed by CIM in Pay-to-Play/Bribery Scandal; Looks Like Apollo Stiffed CalPERS Too
How CalPERS was cheated by conniving fund managers, as is pervasive among private equity investors.
Read more...Category Archives: Real estate
New Evidence on the Consequences of Gentrification for Children
Contrary to widespread beliefs, gentrification does not appear to harm children. But that may be because it operates differenlty than most assume.
Read more...Flood the Market
Buyouts can save Houston’s flood-soaked homeowners — if they can get one. Instead, ordinary homeowners fail to qualify, and real estate speculators make out.
Read more...It’s Official: Parts of California Are Too Wildfire-Prone To Insure
California is leading a trend of climate-change-induced insurance redlining.
Read more...Why I Hate Houses
Houses suck.
Read more...Softening Real Estate Markets in Prime West Coast Cities: Does China Trump IPOs?
Looking at undercurrents in West Coast economies and what they might portend for the US.
Read more...Reforestation as a Solution for Carbon Capture: Hype and Reality
Advocates for reforestation must consider who owns the land to be reforested, and how the reforestation is to be done.
Read more...Grenfell Tower Fire: A (Non-)Progress Report
Plus ça change….
Read more...New York City’s Newly Passed Green New Deal, Explained
NYC last week passed a modest Green New Deal. This initiative falls far, far short of where climate change policy needs to go, but is certainly an improvement on the fossil fuel-friendly agenda of the Trump administration (and its predecessors).
Read more...Do Real Estate Markets Make Our Cities Less Livable?
Author Samuel Stein talks about how capitalism shapes cities.
Read more...Amazon Drops New York City Headquarters Plan in a Snit
Does the testy abandonment of its New York City “HQ2” scheme mean we’ve hit Peak Amazon?
Read more...Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble?
China gets a cold and California real estate gets pneumonia.
Read more...Kamala Harris Tells Big Lie: That 2012 Mortgage Settlement Was a Good Deal for Homeowners
Kamala Harris’ supposed big accomplishment, of getting California a better deal in the 2012 mortgage settlement, isn’t anything to boast about.
Read more...Wolf Richter: Housing Bubble Trouble in Silicon Valley & San Francisco
Housing is going pear-shaped in California tech-land….and you can’t blame it on a tech bust.
Read more...Michael Hudson: The Vocabulary of Economic Deception
Michael Hudson gives a wide-ranging interview, discussing the importance of euphemism in obscuring power relationships and exploitation.
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