November 18th – YOLO

Closing Announcement: RanchHarbor recently closed on Glenbrook Apartments, a 112 unit value add property in Boise, Idaho.  Glenbrook is our second acquisition in the Boise market.  We are excited about the closing and renovations are already underway. REBusiness Online

Want to see more opportunities from us?  Sign up here: RanchHarbor Investor Portal Access

What I’m Reading

YOLO: While the data is difficult to measure, there is a lot of anecdotal evidence that gains from crypto investment are finding their way into the housing market.  John Burns Real Estate Consulting 

Relief: The logjam at the ports has eased up somewhat. The number of containers at the L.A. port lingering long enough to trigger the fines — nine days or longer — has fallen 29% according to port Executive Director Gene Seroka.  Lots of work to be done but this is a step in the right direction.  Bloomberg

Confidence Game: Despite rising construction costs and a labor shortage, homebuilder confidence readings are still near all time highs.  Calculated Risk 

In the Money: Fannie Mae and Freddie Mac are going to start backing loans of nearly $1MM as home prices continue to soar.  Wall Street Journal

Coming Home: Companies are beginning to re-shore their manufacturing as supply chain woes persist.  Washington Post

Chart of the Day

Allocations to Alternatives continue to increase rapidly.  

Image

Source: Brad Johnson

WTF

Playing Possum: A New Zealand woman called the police to report that a possum was holding her hostage.  After arriving on the scene, the possum was released without charge.  The Guardian

Doggy Style: A man was beaten and threatened with a knife after catching his boyfriend “humping” their dog because Florida.  The Smoking Gun

Basis Points – A candid look at the economy, real estate, and other things sometimes related. 

Visit us at RanchHarbor.com