April 12th – The Great Invasion

What I'm Reading Invasion of the Nerds: Residents of Silicon Valley set their sights on Austin, Texas during the pandemic, making the city even more tech centric.  The migration is also exporting Bay Area problems to Austin, resulting in a housing shortage that is threatening to price locals out, soaring...

April 6th – Take My Money

What I'm Reading Bidding War: Yield-chasing investors are snapping up single family homes, competing with homebuyers and driving up prices.  The wave of institutional capital hitting this space is massive and has created an environment where prices are rising much quicker than incomes, prompting JBREC to issue a report concluding...

January 25th – Rocket Fuel

What I'm Reading Rocket Fuel: Morgan Housel's latest piece about how COVID has substantially accelerated wealth and income inequality is an outstanding read and makes a strong case for an economic boom in the coming years - at least for some.  This section on mortgage refinancings  and the accompanying chart...

January 21st – Misplaced Priorities

One Big Thing President Joe Biden comes into office with a housing plan that includes a $15,000 first-time homebuyer tax credit.  IMO, encouraging first time homebuying is a worthy goal but doesn't really solve our current problem - not enough houses are getting built to satisfy existing demand, which would...