What I'm Reading Back from the Dead? Single room occupancy units, once a prominent feature of city life in America that cater to low income residents, have been largely zoned out of existence. Now, cities are taking another look at SROs as a revived source of low income housing. Governing ...
May 31st – On the Move
What I'm Reading On the Move: The U-Haul move data is out for 2021. Unsurprisingly, RanchHarbor markets Texas, Florida, Arizona, Idaho and New Mexico all did well. California was at the bottom of the list. U-Haul See Also: Verizon data shows that Florida has been the big pandemic migration winner. ...
March 15th – Lockdown
What I'm Reading Political Risk: With the housing market tight and rents exploding higher in much of the country, an increasing number of municipalities are considering rent control measures. Wall Street Journal What is most astounding here is that this hasn't worked anywhere that its been tried and typically makes...
January 6th – The Long Game
What I'm Reading The Long Game: Private equity companies are transitioning their business models towards perpetual capital vehicles, and it is creating a lot of buying power in real estate. Globe Street IMO, this will be a particularly strong tailwind for assets with lower capex requirements like self storage (including...
January 3rd – War Chest
What I'm Listening To AJ Osborne had Scott Ramser and I on his Self Storage Income Podcast to discuss our recent acquisition of Adult Toy Storage in Altamonte Springs, FL. Scott gives a great overview on how to reposition a large RV and boat storage facility and the interview gave...
December 7th – Help Wanted
What I'm Reading Help Wanted: The construction industry is 2.2 million skilled workers short of what is needed to keep up with demand. Floor Daily I'm sure that a trillion dollars or so of infrastructure spending injected into this environment will have a positive impact...... Taking Control: Amazon has taken...
November 30th – Pass Through
What I'm Reading Limited Competition: Buying real estate off market is much more about avoiding protracted bidding wars and minimizing pursuit costs than it is about buying properties at a deep discount. Globe Street Log Jam: Homebuilders are struggling with labor and material shortages. As a result, construction timelines have...
November 22nd – Emergency Measures
What I'm Reading Bottoms Up: Despite all the talk about burnout and reevaluating priorities, the soaring quits rate has little to do with white-collar jobs. It's more about lower-income people getting the chance to move up. Bloomberg Desperate Times: Federal lawmakers are pushing California Governor Gavin Newsome to declare a...
October 27th – Between a Rock and a Hard Place
What I'm Reading Between a Rock and a Hard Place: The pandemic has highlighted how many office buildings need to be renovated in order to fit the needs to today's workers and companies. However, the supply chain crisis and labor shortage means that it has never been more expensive to...
June 10th – Leap of Faith Part 2
One Big Thing Yesterday, I wrote about multifamily development getting more speculative because of uncertainty about cost inflation. Today, let's take a look at the for sale housing market. If you want to get an insider's view of housing, Bloomberg's Odd Lots Podcast with Zonda's Chief Economist Ali Wolf from...