What I’m Reading
Postponed Again: The CDC announced another extension of the housing eviction moratorium. The moratorium, which was scheduled to end June 30th and will now be pushed to the end of July. At least the length of the extensions is getting shorter, I guess. Globe Street
Fighting Back: Restaurants are pushing back against expensive Silicon Valley delivery apps are fighting back by forming local delivery co-ops. Bloomberg
Coiled Spring: While today’s blistering pace of economic growth may slow a bit, it will likely still be quite strong for a while because so many people and businesses are holding off on purchases — either because stuff isn’t available or prices are just too high. Axios
Quick Rebound: The days of discounted pandemic rents are over as big cities see rent increases and national indexes are now above their pre-pandemic projections. Apartment List
Hit Hard: This past year has been rough for EB-5 investors. Not only has their been a rise in lawsuits and fraud cases, but property performance has also been hit hard. Many EB-5 projects are hotels, malls and urban apartment buildings whose revenues have dropped during the past year thanks to COVID. Wall Street Journal
Chart of the Day
US birth rates are collapsing and are now only slightly above death rates. Couple that with declining immigration and it creates a real demographic problem.
Source: The Daily Shot
WTF
Secret Compartment: A man named Shaft Bang Adams with more than a dozen drug convictions was arrested for driving on a suspended license. During a strip search upon being booked, jailers discovered four “crystal rocks” of methamphetamine stored inside the defendant’s “penis skin” because Florida. The Smoking Gun
Kill Shot: A woman was arrested for assaulting her boyfriend with a plate of fried chicken after an argument about gym membership because Florida. Bolde
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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