What I'm Reading The Laundromat: “In the United States, as in many countries, real estate is an attractive investment for kleptocrats looking to park dubiously sourced money, as it continues to be one of the least transparent industries. This lack of transparency, and the flood of corrupt and illegal cash...
December 9th – Dwindling Reserves
What I'm Reading Dwindling: American balance sheets have been historically strong during the pandemic era, thanks largely to infusions of government cash. The infusions boosted consumer spending, helped pay off debts and reduced the urgency of employment. According to Moody's Analytics, those excess savings are dwindling among many working and...
October 13th – We’re Number One
What I'm Reading We're Number 1: Money laundering is a problem across the economy but nowhere is it more prevalent than in the real estate - especially in the US. Miami Herald Less for More: While many companies have responded to supply chain shortages and wage inflation by raising prices,...
September 1st – Spread Out
What I'm Reading Spread Out: In a substantial shift from the past decade, more Americans now say that they prefer a community with big houses even if local amenities are farther away. Part of this is due to Millennial household formation and part is due to the pandemic. However, the...