News

Landmark Links February 25th – Shrinkage

Must Read: After topping out in 2015, median square footage of newly-built homes has fallen 9%.  Expect this trend to continue as builders increasingly focus on the entry level, which is where the supply/demand imbalance is greatest. Economy Out Sick: The coronavirus is wreaking havoc on the US supply chain for companies of all sizes as […]

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Landmark Links February 21st – Alternative Lifestyle

Must Read: Alternative lenders have emerged as a force to be reckoned with in the commercial real estate world and, after years of rapid growth have overtaken banks in terms of non-agency market share. Economy Slowdown: GDP estimates for the first quarter of 2020 are falling. Anecdotal? Despite a lot of posturing, there still isn’t any […]

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Landmark Links February 18th – Wrong Way

Must Read:  Another ill-conceived state-wide rent control bill will be on the California ballot in November, despite Prop 10 losing by a substantial margin in 2018. This one includes giving cities the ability to institute the dreaded vacancy control, which limits how much a landlord can increase rent when a new renter moves in.  No […]

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Landmark Links February 11th – Only Game in Town

Must Read: The affordable housing crisis has led to a wave massive institutional investor interest in American trailer parks, as the housing affordability crisis continues and few options for investment in truly affordable housing remain. Economy Permanent Decline?  A 700-year look at bond yields raises the question: should “risk free” assets generate a real return?  See […]

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Landmark Links February 7th – Top Heavy

Must Read: The apartment stock in the US continues to tilt more heavily towards the high end as time goes on.  This passage from a Marketwatch article about how the mix of renters in the United States is skewing wealthier is concerning: As a result, construction activity has concentrated on the upper end of the […]

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Landmark Links February 4th – Preppers

Must Read: The commercial real estate market (and economy) are still chugging along, yet there has been a noticeable increase in fundraising for distressed funds as investors prepare for the next recession – whenever it may come. Economy Searching For the Toolbox: With little room to maneuver on interest rates, the Fed is eyeing a […]

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