What I’m Reading
Open to Interpretation: From state to state, and even judge to judge, a simple-sounding order by the C.D.C. to halt evictions through the end of the year due to the pandemic is being enforced in a far-from-uniform manner. The New York Times
Full Picture: NMHC’s rent payment tracker for September 13th showed a 2.4% YOY decline from the same week in 2019. This confirms a downward trend for rent collections but does show some improvement from the 4.8% decrease in the previous report which was possibly impacted by where Labor Day fell this year. NMHC
Not Subtle: The Federal Reserve doubled down on its aggressive policy this week, indicating that rates will stay near zero for at least three years, despite recent economic gains. Tim Duy’s Fed Watch
Bounce Back? When the pandemic hit, there seemed to be a wide consensus – which included yours truly – that it would be the final nail in the coffin for embattled office share company WeWork. However, the flexible office solutions desired by companies may provide the newly slimmed down co-working giant a lifeline. Yahoo Finance
Everywhere You Want to Be: Amazon is planning to open 1,000 small delivery hubs in cities and suburbs all over the U.S. with the goal of bringing products closer to customers, making shopping online about as fast as a quick run to the store. This sounds an awful lot like taking over vacant retail space to me….. Bloomberg
Chart of the Day
Credit and debit card spending is lagging in pacific coast states versus the rest of the country.
Source: @OxfordEconomics via @SoberLook
WTF
Lovely: A 64 year old woman named Lovely Butts allegedly doused a juvenile relative with bleach and threatened to pistol whip the victim during a confrontation because Florida. The Smoking Gun
You’ll Never Be This Woke: Somehow I missed this gem of an opinion column from the Guardian earlier this summer that reads like something from The Onion – ‘Upward-thrusting buildings ejaculating into the sky’ – do cities have to be so sexist? The Guardian
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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