What I'm Reading Warning Sign: China's property market accounts for a massive % of global commodity consumption. Chinese housing starts have now fallen 17% or more for three consecutive quarters. Looks like a commodity downturn could be in the cards. Financial Times Mean Reversion: Soaring mortgage rates have resulted in...
October 15th – Permanent Vacation
What I’m Reading Permanent Vacation: Vacation home demand is soaring during the pandemic as people with means look for places to escape to now that they can’t travel abroad. Wall Street Journal See Also: Park City, Utah’s housing market is white hot as wealthy buyers pile in, pushing median home prices above $2MM. The Salt...