Category Archives: Crisis

Biden Out

Posted on July 22, 2024 by grim

From CNN: Harris seeks to rally Democrats after Biden drops out of race

Posted in Crisis, National Real Estate, Politics | 242 Comments

Expensive, no end in sight

Posted on June 25, 2024 by grim

From the Joint Center for Housing Studies at Harvard: THE STATE OF THE NATION’S HOUSING 2024 Both homeowners and renters are struggling with high housing costs. On the for-sale side, millions of potential homebuyers have been priced out of the … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 22 Comments

Covid claims another

Posted on June 15, 2024 by grim

From NorthJersey.com: Coach USA bus company files for bankruptcy. How will it impact NJ riders? Paramus-based Coach USA — one of the largest private bus companies in the country — filed to begin Chapter 11 bankruptcy proceedings this week. Dan … Continue reading →

Posted in Crisis, Employment, New Jersey Real Estate, NYC | 16 Comments

Fire all the professors

Posted on May 13, 2024 by grim

Not real estate related, but had to post this snarky masterpiece: From The Atlantic: No One Knows What Universities Are For Last month, the Pomona College economist Gary N. Smith calculated that the number of tenured and tenure-track professors at … Continue reading →

Posted in Crisis, Economics, Employment | 57 Comments

The Worst Time?

Posted on May 11, 2024 by grim

From Kiplinger: Is This the Worst Time To Buy a Home? The Federal Reserve is holding interest rates steady, and mortgages are hovering over 7%. House prices are still rising. Housing supply is still not close to meeting demand.  Is … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 35 Comments

The first to fall

Posted on April 25, 2024 by grim

From the NY Post: Once the West Coast’s crown jewel, San Francisco’s real estate market is crashing San Francisco, once the crown jewel of the West Coast, is now teetering on the brink of collapse — and it seems like … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 74 Comments

The boomers won’t go

Posted on April 17, 2024 by grim

Hat Tip VSG & Chi – From the WSJ: Boomers Bought Up the Big Homes. Now They’re Not Budging. Baby boomers bought up many of the big homes across the U.S. when they were raising their families. Now they’re staying … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 59 Comments

Six figures ain’t what it used to be

Posted on March 21, 2024 by grim

From CNBC: The salary a single person needs to live comfortably in 25 major U.S. cities Here’s the income a single person needs to live comfortably in the 25 U.S. cities with the highest cost of living:

Posted in Crisis, Demographics, Economics, Employment, National Real Estate, NYC | 101 Comments

NYC may see it’s glory days again

Posted on February 27, 2024 by grim

Hat tip to 3b for the Fortune doom loop article: The ‘prophet of urban doom’ says New York City is in major trouble, and it’s just the first inning of the ballgame: ‘The cycle is out of control’ As nicknames … Continue reading →

Posted in Crisis, Demographics, Economics, Employment, Housing Bubble, NYC | 101 Comments

Dying? Already dead.

Posted on February 21, 2024 by grim

From Fast Company: How the starter home became a dying American dream When 26-year old Memphis resident DeMario Johnson returns to his home after working a long day servicing waterwells for the local utility in Raleigh, North Carolina, he doesn’t … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 93 Comments

Flooding kicks off new wave of Blue Acres buyouts

Posted on February 13, 2024 by grim

From ABC News: Flood-stricken New Jersey residents look into government-funded home buyout program The flooding in parts of New Jersey over the past few months left mounts of headaches for residents. Countless residents from those affected areas came out to … Continue reading →

Posted in Crisis, New Jersey Real Estate, Politics, Unrest | 77 Comments

NYC’s rent controlled time bomb

Posted on February 11, 2024 by grim

From Bloomberg: Why NYC Apartment Buildings Are on Sale Now for 50% Off Even in the crisp afternoon sunlight, the two-bedroom Manhattan apartment has a ghostly pallor, its cracked walls yellowing like an ancient black-and-white photograph. Paint chips are falling from … Continue reading →

Posted in Crisis, Demographics, Economics, NYC, Politics, Price Reduced | 55 Comments

Jersey Shore Timeshares

Posted on February 7, 2024 by grim

Sorry, this one is behind the paywall, but I couldn’t help but post it. From the Philadelphia Business Journal: With Jersey Shore home prices soaring, owners are now selling fractions of their houses With skyrocketing home prices and rental rates … Continue reading →

Posted in Crisis, Housing Bubble, New Jersey Real Estate | 127 Comments

#hodlforever

Posted on January 25, 2024 by grim

About time the rest of the industry noted the behavioral trend that we were one of first to identify and discuss. 2) Mortgage lock-in, and this is one of the major trends I’m looking at in the near future. Should … Continue reading →

Posted in Crisis, Economics, Housing Bubble, Mortgages | 59 Comments

“Drive till you qualify”

Posted on January 9, 2024 by grim

From Business Insider: Millennials are moving to ‘the most boring places in the world’ For nearly two decades millennials morphed dense, amenity-rich urban neighborhoods across America into exclusive playgrounds for the young and childless. Compared with Gen Xers and baby … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 43 Comments