News

Landmark Links March 31st – Illogical

Lead Story… Economic mobility has long been a cornerstone of the dynamic American Economy.  A big part of economic mobility is the freedom to move, allowing workers to move to more productive regions where better employment is available.  However, people are moving less, while economic and demographic conditions indicate that they should be moving more and it […]

Read More

Landmark Links March 28th – The Heist

Lead Story…. Back in 2004, Sears was purchased by ESL Investments, the hedge fund founded and managed by billionaire Eddie Lampert.  The once mighty Sears brand had already begun it’s long decline and Lampert, who already owned struggling big-box retailer KMart was viewed by many in the financial media as a savior.  Back then, Lampert had […]

Read More

Landmark Links March 24th – Priced Out

Lead Story…. The Inland Empire (aka the IE) has been the primary growth market in Southern California for years.  As coastal areas soar in price, it has historically been one of the few markets in the region that is attainable to blue collar workers and first home buyers.  During the last cycle aka “The Housing Bubble,” housing production […]

Read More

Landmark Links March 21st – Wrong Way

Lead Story…. As mentioned last week, LA’s Measure S crashed and burned in an epic ballot box beating, with more than 70% of voters opposing it.  While it’s good to see NIMBYs get spanked at the ballot box (they rarely do in California), all this really does is preserve the status quo – and the status […]

Read More

Landmark Links March 17th – What’s Going on Here?

Lead Story… Back in mid-December I noted in a post titled Liftoff that the NAHB Housing Market Index had soared to it’s highest level since 2005 despite steadily rising interest rates.  That post also had a chart from Numbernomics.com that showed how builder confidence had de-coupled from it’s historical relationship with housing starts: I want to revisit […]

Read More

Landmark Links March 14th – Fight For Your Right

Lead Story…  I guess that this is what getting old feels like.  The Skyrocketing level of student debt is one of the most substantial headwinds facing the US economy in general and the housing market in particular.  More and more young people are living at home after college, unable to afford their own place.  This delays […]

Read More

Landmark Links March 10th – Misunderstood

Lead Story… The attitudes of Millennials towards housing are written about endlessly but are chronically misunderstood for a handful of reasons.  Among those reasons are: The Millennial generation is the largest generation in American history.  As such, it is extremely diverse and does not fall neatly into a one-size-fits-all stereotype. Most media outlets are based in and around […]

Read More

Landmark Links March 7th – The World Needs Ditch Diggers Too

Lead Story… Early in the classic American comedy Caddyshack (possibly the finest film ever made, IMHO) protagonist Danny Noonan is caddying for Judge Elihu Smails in order to try to brown nose his way to an inside track for the Bushwood Country Club Caddy Scholarship.  Noonan tells the judge that he wants to attend college but his family can’t […]

Read More