Category Archives: Real estate

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.