New York City’s struggle between commercial landlords and their tenants over rents owed versus lousy recovery prospects reveals a lot about perverse incentives.
Read more...The foreclosure crisis was a key element of Trump’s win in 2016, yet the Democrats are still in denial about its costs.
Read more...Winter is coming, and unless something major changes, with it, evictions.
Read more...A contrarian take on housing.
Read more...The New York City pension system provides more proof that investing in private equity hurts performance.
Read more...Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump’s MMT.
Read more...Tracking the damage in big city residential rents.
Read more...New York City disproves popular beliefs about flight from cities and rent declines.
Read more...A rallying cry for the Post Office.
Read more...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 needs to develop better taste in friends.
Read more...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...A spike in mortgage delinquencies says more bad results are coming, particularly with no new stimulus in sight.
Read more...An inadequate second stimulus is guaranteed. The only question is “how inadequate”?
Read more...Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time.
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