Build them and they will rent, and then Blackstone will buy.
Less Whoopie, More Shopping, Leads Developers to Overdo It
“Since 1995, the number of shopping centers in the U.S. has grown by more than 23 percent and the total gross leasable area by almost 30 percent, while the population has grown by less than 14 percent.”
Ravens Discovered to have Low Time Preferences
“ravens anticipate the nature, time, and location of a future event based on previous experiences. The ravens' behavior is not merely prospective, anticipating future states; rather, they flexibly apply future planning in behaviors not typically seen in the wild.”
New Apartments Everywhere
In 2017, the ongoing apartment building-boom in the US will set a new record: 346,000 new rental apartments in buildings with 50+ units are expected to hit the market,” three times the number of units that came on line in 2011.
Will the SEC break the Cryptocurrency Perpetual-Motion Machine?
Currency developers are working faster than Hayek ever imagined.
Neighborhood Groups Defend Their Own Walls
That’s always the argument, allow a builder to try and satisfy demand and it’s considered “a great gift.” Development entails risk. How soon people forget the video of homes in a new subdivision in Victorville, California being bulldozed.
Bitcoin Showdown
There is no Janet Yellen in the crypto-world to arbitrate this sort of monetary brouhaha. Decentralization is the silky petals of the crypto flower, but this battle between the miners and what is known as Core, a group of developers is thorny and no one knows how it will come out.
Risky Banking Turns Japanese
The problem is Japanese customers do not deposit dollars, so to buy dollar-denominated assets Japanese banks must borrow in dollars typically on a short-term basis.
Thus, the perils facing all bankers -- borrowing short to lend long.
Joined at the Hip: Trump and the DJIA
When the mood changes the President’s fortunes will change with the market’s.
Sessions' Pot War is Up in Smoke in Nevada
Judging from the lines out the doors at dispensaries in just my neighborhood, I don’t doubt his projection. Even with it being a scorching 107 degrees this afternoon, Las Vegans were waiting patiently in the sun to go up in smoke.
Is Clooney Selling at the Top?
While Clooney and Co. cash in, Salon reports, “The legal weed market appears to be impacting booze’s bottom line.” Significant numbers of Millennials, Gen-Xers and Baby Boomers are switching from liquor to weed as it becomes legal.
Yellen Says No More Financial Panics in Her Lifetime
Yellen follows in the footsteps of two great Fed Chair prognosticators.
Testosterone, the Austrian Business Cycle, and the Madness of Central Bankers
Are memories too short? Or testosterone too high?
Las Vegas Housing: not exactly 2005....Yet
The real story is in the resale market where inventory is down to 1.7 months. “May’s resale closings (4,962) are the highest one month total that we have documented since the summer of 2005, 12 years ago,” write Dennis and Andrew Smith.
Bubbles in Bond Land
The country’s Ministry of Finance figured their dodgy credit history would translate into offering an 8.25% yield, but demand was so strong the bonds sold at a 7.9% coupon. Memories are short
America's Troubles: The Boomers or Democracy?
"There is something wrong with the Boomers and there has been for a long time,” writes Gibney in the forward to A Generation of Sociopaths: How the Baby Boomers Betrayed America and the author’s beatings continue for 400 plus pages.
Bitcoin Mania Bypasses Las Vegas
"HowMuch.net on Wednesday put things into perspective and demonstrated that for all the buzz and excitement bitcoin has generated, it still has a long way to go to be even remotely relevant.
Richard Cantillon: Sleepless in Seattle
“there are currently 13 high-rise apartment or condo buildings of at least 24 stories in development or planning in the downtown area. The average is 39 stories. Another 24 high-rises are in the proposal pipeline, according to city and industry reports,”
Italian Banking, Texas Style
“Italian finance officials and the European Commission are racing to find a solution for two troubled banks in the northern Veneto region that have weighed on the nation’s financial system.”
Real Estate President to 86 1031s?
It would indeed be ironic if Donald Trump of all Presidents would get behind 86ing 1031s.