Defying my dictum that nothing goes to hell in a straight line.
A structural shift with some significance for the auto industry.
Rents plunge in Chicago & Honolulu, spiral down in New York, Washington DC, & others, but surge in many markets.
A different set of private-equity firms, at the peak of the market, as brokers constantly blame low inventories of single-family houses for sky-high prices.
Lowe’s finally seems to get the brick-and-mortar meltdown.
Even brick-and-mortar sales at our hero-of-the-day Nordstrom actually fell!
This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
Asking rents spiral down in Chicago & Honolulu, come unglued in Washington DC, drift lower in New York City, but see double-digit surges in Southern California and many less expensive markets.
No, it’s not Seattle. Denver is by far #1. New York isn’t even in the top 25. And it explains why rents in Chicago are collapsing.