A Land Advisors Company
Lead Story… Short on time this week so I didn’t have a chance to write a lead story. However, I want to share the housing chart series from the Daily Shot which was fascinating this week and tells the story of aging housing stock and high prices beginning to have a detrimental impact on sales: 1. […]
Lead Story…. 2017 has been a truly dreadful year for natural disasters in the United States (and Mexico for that matter), and we still have a few months left to go. After several quiet hurricane seasons, the southeastern US and gulf coast have been hit with major storms and flooding which have caused loss of […]
Lead Story…. There are few forces on earth more powerful than that of mean reversion. I’ve written about common media narratives regarding Millennial preferences quite a bit since I started this blog. Since the beginning of this cycle, the US media has latched on to a juicy narrative that was too good go pass up […]
Lead Story…. One universal truth about the financial industry is that it inhabits an ever-changing spectrum of fear and greed. Real estate finance is certainly no different. When greed is rampant, lenders bend over backwards to get money out the door so long as a perspective borrower can fog a mirror. When fear rules the […]
Lead Story…. Basic economics and simple logic both dictate that if you want to make something more affordable, you do so by lowering it’s cost. Then again, as anyone who has lived in California knows, the powers that be in this state have almost no aptitude when it comes to either simple logic or basic […]
Lead Story…. The United States construction industry has been coping with a massive labor shortage pretty much since the economy emerged from the depths of the Great Recession. Job openings and steadily increasing compensation have not been enough to tempt young workers to enter an industry that generally pays relatively well (especially for those without […]
Lead Story… Late in 2016, the Federal Reserve had a dollar problem on it’s hands. The Fed had embarked on the beginning of a tightening cycle by boosting short term rates while other major economies were actually easing rates. When a central bank raises rates, it’s currency tends to appreciate, all else being equal. So every […]
Lead Story… It’s been said that calling a financial bubble in real time is next to impossible. Sure, certain people talk about bubbles nonstop but how many times do their pronouncements ever actually come true? More often than not bubble-calling makes a prognosticator look like the proverbial broken clock that manages to get the time […]
Lead Story…. In Tuesday’s post I discussed how more re-purposing of obsolete suburban office and retail properties is needed but is politically challenging, often due to issues with reduction of municipal tax revenues that occur when a project goes from commercial to residential. A long-time client who has been successful in the re-purposing or land coverage […]