News

Landmark Links April 18th – Buy Low

  Lead Story….. Quick programming note: I won’t be posting on Friday as I’m heading out of town for a wedding.  In fact, I’m going to be the wedding officiant when my sister-in-law and future brother-in-law tie the knot.  It’s the first time I’ve ever officiated wedding and, needless to say, I’ve been busy getting ready. […]

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Landmark Links April 14th – Shakedown Street

  Lead Story… Important disclaimer: Landmark was involved on the capital raise for a project that I’m going to write about today.  However, neither I, nor my partners as individuals, nor Landmark have an ongoing economic interest in said project.  I want to be fully transparent up front even if certain other people involved in today’s Lead […]

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Landmark Links April 11th – Flipping Out

  Lead Story… Circus magnate PT Barnum is often credited as the source of the infamous quote that “there is a sucker born every minute” despite the fact that there is no actual evidence that he ever uttered those words.  In fact the aphorism is more likely attributable to Joseph “Paper Collar Joe” Bessimer an infamous con-man.  If […]

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Landmark Links April 7th – Crank it Up

  Lead Story… One of the hallmarks of the housing bubble was mortgage equity withdrawal.  The market was soaring and anyone with a pulse could get a mortgage with little to no money down and then watch their net worth grow (at least on paper).  As this happened, home owners felt wealthier and wanted a way […]

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Landmark Links April 4th – Nothing in Between

  Lead Story…. Visit any older city in the US and you will probably find lots of smaller apartment buildings dotting the landscape in core residential neighborhoods.  Almost without exception, these buildings are older.  Smaller apartment buildings were once a key feature of development in cities but are rarely built anymore for a variety of reasons. This lack […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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