Bad loans will cost taxpayers $65.2B in 2025
GAAP stands for “generally accepted accounting principles,” and are a set of rules/standards for preparing and reporting financial statements in the U.S. (unless you’re a federal agency). RULES = U.S. private businesses + Federal agencies Federal agencies set...
Inflation is the most destructive disease known to modern societies —Milton Friedman
Here’s how. 1 Shoe leather The resources and energy people use to convert deteriorating currency into stable assets are costly. Economists call this shoe leather costs, alluding to how people destroy their shoes in the metaphorical...
INFOGRAPHIC: A luxury vibe
High-income millennials and Gen Zers are choosing Class A apartments over home ownership. Is it a lifestyle choice or the economy? National Class A rents average $660 to $2,000 below the average monthly mortgage Hospitality-focused apartments Class...
INFOGRAPHIC: Small businesses keep labor market flying
Job openings at small businesses fire on all cylinders—despite Federal interest rate increases (up) 50 percent more job openings in April were by small/midsized employers compared to 2019 (down) 14 percent fewer job openings by larger...
INFOGRAPHIC: Have CRE foreclosures hit bottom? Probably not.
Office demand is not returning. Owners working with lenders on short sales aren’t counted as foreclosures muffling the numbers. The volume of commercial property sales involving lender participation soared 83 percent in the first...
INFOGRAPHIC: Battle of will
Launching from the bestselling 2008 book, Nudge, by Thayer and Sunstein, nudging became a cultural phenomenon. The concept assumes that behavior is better persuaded than regulated. Sounds good, but does it work? 400+ behavioral insight...
INFOGRAPHIC: Interest rates slow apartment development
Rising interest rates, tighter lending and flattening rents in parts of the country have left property companies from California to Florida waiting for financing that may not come soon. +500 days (up 45% from 2019)...
INFOGRAPHIC: Appliance payoff models explode
^58 percent increase in requested quotes to thousands of appliance repair businesses y/y (2022-2023) ^43 percent increase in appliance spend in 2023 compared to 2013—rising from $390 to $558 over the decade Why? 1987. Home appliances...
INFOGRAPHIC: Disparate impact of high interest rates
Disparate impact of high interest rates has adversely impacted millions of low- and middle-income families—and housing providers. More often high interest rates depress stock and housing prices, and other asset values— impacting all income...
INFOGRAPHIC: Demoralization in 1 easy step
spend like there’s no tomorrow Runaway federal debt destabilizes resident incomes, interferes with housing production and depresses apartment rents (PRO IN THE KNOW) $35 trillion debtor Unrepentant, compulsive, unsustainable, untethered U.S. interest payment scenarios U.S. payments and rate projections...
INFOGRAPHIC: Going nuclear
1980 90 percent of uranium used in the U.S. was produced domestically 2021 5 percent of uranium used in the U.S. was produced domestically 55 nuclear power plants generated 20 percent of U.S. electricity 251 nuclear power plants generated...
INFOGRAPHIC: Grinding housing into votes
download pdf Landlords rarely escape the machinations of politics. Just how far will tinkering with free markets go this election cycle? In an election-year effort to shift responsibility for the nation’s high costs of living away...
INFOGRAPHIC: The era of fiscal excess
download pdf Lockdowns were the beginning of the end of office space as we’ve known it for over four decades. Work from home spurred vacancies expected to rise through 2025. The 2022 Fed interest rate...
INFOGRAPHIC: The White House issues national rent control plan
download pdf The new cap on annual rent increases will apply to a million Low-Income Housing Tax Credit (LIHTC) apartments according to The Washington Post. 2020 Senator Sanders (Vt.) contends that federal control of the multifamily...
INFOGRAPHIC: Can governments use building permits to extort property owners?
The Supreme Court will hear a landmark property-rights case (Sheetz v. County of El Dorado) with major economic implications. When a decision will be made is unclear; Chevron was originally ruled on June 25,...