How Fast Can a “Shortage” of Office Space Turn into a “Glut?” San Francisco Shows How Fast by Wolf Richter • Oct 25, 2020 • 104 Comments Commercial real estate is in turmoil, but San Francisco’s glut is dwarfed by the fiascos in Houston and Calgary.
Housing Market Goes Nuts, Everyone Sees it, But it Can’t Last by Wolf Richter • Oct 23, 2020 • 307 Comments There’s a housing shortage until there’s suddenly a housing glut: see San Francisco et al.
“Creative Destruction” or Just “Destruction?” by Wolf Richter • Oct 21, 2020 • 119 Comments Under the effects of the Pandemic, consumers and businesses grapple with their own “Reset.”
Two San Francisco Hiltons Add to Woes of Commercial Mortgage-Backed Securities. Special Servicing Rate of Hotel CMBS Spiked to 26% by Wolf Richter • Oct 12, 2020 • 84 Comments Four of the six hotels that REIT Park Hotels & Resorts owns in San Francisco are closed, with convention & business travel at near-zero.
Status of the Social Security Trust Fund, Fiscal 2020: Beware of Vicious Dog by Wolf Richter • Oct 10, 2020 • 248 Comments Will Social Security Be There for You? Yes, but…
Astounding Distortions & Historic Price Spikes in Used-Vehicle Wholesale Market Begin to Unwind by Wolf Richter • Oct 9, 2020 • 70 Comments This stimulus economy is producing the weirdest effects.
The Big Boys Are Back: Financializing Single-Family Houses by Wolf Richter • Oct 8, 2020 • 87 Comments As after the last crisis, fueled by ultra-cheap money, they’re taking financialization of the housing market to the next level (transcript of my podcast).
How Has the US Dollar Held Up as “Global Reserve Currency” During Q2 Turmoil? by Wolf Richter • Sep 29, 2020 • 94 Comments Declining Hegemony. But still Hegemony.
Powered by Stimulus & Rent/Mortgage Payments “Not Made,” US Trade Deficit Hits Record Worst Terrible Level Ever by Wolf Richter • Sep 29, 2020 • 89 Comments Not a sign of strength, but of big economic distortions.
California Sales Ban of New Gasoline & Diesel Vehicles Jolts Half-Dead Business Model of Electric Utilities & Power Producers, Including in Other States by Wolf Richter • Sep 28, 2020 • 215 Comments A light goes on after more than a decade of falling electricity demand. No business wants to operate in a declining industry.
