What I'm Reading Clogged: This week's housing starts number was a big disappointment, especially given the lack of supply that has helped lead to rising prices. It has a lot to do with a lack of finished lot inventory that has caused a major bottleneck, forcing builders to slow down. ...
May 20th – Shock Absorber
What I'm Reading Shock Absorber: Normal recessions often produce a vicious cycle of foreclosures. When rents and property values fall, building owners stop paying their mortgages and lenders foreclose, pushing prices into a further downward spiral. That hasn’t happened in this cycle as regulators allowed bank to delay loan payments...
April 22nd – Sleight of Hand
What I'm Reading Sleight of Hand: WeWork is once again attempting to go public, this time via SPAC merger. However, the co-working company's aggressive projections and unconventional financial metrics are once again raising investor concerns about its viability. Globe Street More of the Same: When it comes to people moving during...
January 29th – Behind the Scenes
What I'm Reading Behind the Scenes: Unless you live under a rock, you have probably heard about the massive short squeezes (and crashes) in troubled retailer GameStop and struggling theater operator AMC over the past couple of weeks. Both companies' stocks have soared but, despite the increases in valuation, both...