Category Archives: Real estate

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.

Wolf Richter: Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises?

How much apartment building debt is there, and who holds it?

Privatized Regulators and Corrupt Corporations Caused Deadly Grenfell Tower Fire, Now Threaten Collapse of UK Housing Market through “Cladding Crisis”

Tne Grenfell Tower Inquiry digs up some gruesome corporate dealing, plus the UK’s property market could seize up.

NYC Landlords Suing Pandemic-Slammed Small Businesses by the Hundreds for Missed Rent

Pandemic-starved businesses are facing off against landlords who want rent paid. New York City illustrates some of the legal and practical issues.

Covid Profits of Pharmaceutical Monopolies vs Peoples’ Lives

The WTO is set to consider a proposal supported by 99 countries to waive intellectual property protection for Covid treatments.

Tapped-Out Tenants Take Charge as Landlords Pursue End Runs Around Eviction Moratorium

Tenants face harassment and lockouts to pressure them to leave their homes — but renters are fighting back.

Replacing Rentier Capitalism Is One of the Defining Challenges of Our Age

Housing itself is just the most egregious tip of a very large iceberg. Everywhere you look, COVID-19 is widening the gulf between those who own assets and those who owe debts.

The Other Eviction Moratorium: Storefront and Office Tenants are Hanging on. But for How Long?

New York City’s struggle between commercial landlords and their tenants over rents owed versus lousy recovery prospects reveals a lot about perverse incentives.

Michael Olenick: The Real Origins of Trump – The Foreclosure Crisis

The foreclosure crisis was a key element of Trump’s win in 2016, yet the Democrats are still in denial about its costs.

Residential Evictions Bearing Down on Many Tenants

Winter is coming, and unless something major changes, with it, evictions.

Housing Market Goes Nuts, Everyone Sees it, But it Can’t Last

A contrarian take on housing.

Why Has Mayoral Candidate Scott Stringer Invested New York City Pensions in Private Equity Firms Like Blackstone?

The New York City pension system provides more proof that investing in private equity hurts performance.

Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson

Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump’s MMT.

San Francisco Rents in Free-Fall. New York Rents Swoon. Expensive Cities, College Towns, Cities in Texas, Other States Sag. But in 16 Cities, Rents Jump Double-Digits

Tracking the damage in big city residential rents.