What I’m Reading
Head for the Border: Onshoring and nearshoring production trends will increase emphasis on logistics facilities near border locations and intermodal hubs with sizable rail and road infrastructures. San Diego, Detroit and San Antonio could emerge as winners as well as several Atlantic coast port cities. Globe Street
Hitting a Wall: Inflation and high mortgage rates are taking a bite out of homebuyer budgets, leading to fewer sales and supply gains. Redfin
Stop and Go: The Fed is trying to avoid the whipsaw monetary cycles of the 1070s where it tightened into a recession then quickly eased, causing inflation to surge again. Wall Street Journal
Shrinkage: A lack of IPOs and a wave of REITs being taken private by investment giants has led to shrinkage in the publicly traded real estate universe. Bisnow
Incentives: 71 cities and towns are offering financial incentives for remote tech workers to abandon Silicon Valley. Its working. The Wall Street Journal
Chart of the Day
The word bad doesn’t even begin to describe China’s demographic situation. Forecast to cut in half in 80 years. 100% self imposed thanks to the one child policy (which was finally ended in 2016). Yikes.
Source: The Lancet
WTF
Need for Speed: A horse was disqualified from a race that it won when it tested positive for meth. KCCI 8
What a Way to Go: An elderly woman who fell into a country club’s pond was subsequently killed by two alligators because Florida. Tampa Free Press
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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