News

Landmark Links September 29th – Mark Up

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. […]

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Landmark Links September 26th – Living on the Edge

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 […]

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Landmark Links September 22nd – Myth Busters

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 […]

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Landmark Links September 15th – Toxic Brew

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 […]

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Landmark Links September 19th – The Missing Link

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 […]

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Landmark Links September 12th – Send Help

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 […]

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Landmark Links September 8th – Discount Rack

  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 […]

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Landmark Links September 5th – Bubblicious

  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 […]

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Landmark Links September 1st – Dual Purpose

  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 […]

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Landmark Links August 29th – Re-Purposed

  Lead Story…. IMO, there are two absolute truths in US real estate today: We have too much retail and, suburban office space We do not have enough housing, nor are we producing enough These two problems should be complementary in that each one provides a potential solution to the other.  If, for example we […]

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