Canada’s Initial Rents Keep Dropping Amid Oversupply
Rents Fall For 19 Straight Months In Canada: There Is No Chance This Stops Soon Some clarity: this means INITIAL Rents, if you are currently renting your existing landlord will likely ask for an annual increase Why will initial rents keep falling? Several Reasons: - Because there is a growing glut of Rental Units - Because Canada's Population is actually shrinking - In some Cities in some Provinces Unemployment rates drive some Renters to become Roommates or move back home
Compact Secondary Bedrooms Enable Affordable 3‑4‑bed Starter Homes
The key to designing a Starter House for FAMILIES? Small secondary bedrooms Bedrooms*just* large enough for kids, but not so large to inflate the size (and therefore price) of the home Our goal @americanhousing is to get 3-4 bedrooms in 1200-1600sf rowhomes...
Apartment Development: 15‑Year Wait, Dec
Stripped of all the financial engineering, developing an apartment building right now looks like this: Invest $$$, wait for 15-20 years for that $$$ to come back to you, then earn your profit in subsequent decades. I keep wanting to ask our...
Strategic Analysis Beats Emotion in CRE Investing
Many new CRE investors often lose money due to recurring issues. Here are some common pitfalls: • Buying on emotion • Ignoring cash flow • Underestimating expenses • Chasing “cheap” deals In commercial real estate, avoiding these mistakes is crucial—just as important as identifying new opportunities. Smart...
Green Valley Leads 2026’s Most Affordable Retirement Destinations
Best Places To Retire In 2026: Green Valley, Arizona And Other Surprisingly Affordable Spots via @forbes https://t.co/X81SJmkzSX
Current Labor Market, Mortgage Rates, and Housing Demand Overview
It's #jobs Friday. In today's podcast, we preview the current labor market, mortgage rates, and inflation. We also discuss the recent #housing demand data. @housingwire @sarahteresa6 #realestate #mortgagerates #chartdaddy
Small Chinese Banks Squeezed by Real‑estate Exposure, Limiting Credit
1/2 Good Caixin article on the acute problems faced by Chinese banks as they are forced to pile into real estate assets that backed defaulted property loans: "The problem is most acute for smaller lenders", draining their capacity to lend to...
China’s City Stimulus May Bottom Top‑tier Housing Markets
China Daily: "A new wave of stimulus policies launched in the past week by key Chinese cities, including Shenzhen, Guangzhou, Tianjin and Wuhan, is expected to lower homebuying costs and boost market confidence, paving the way for the housing market...
Inclusionary Zoning's "Reduce Opposition" Claim Is Questionable
It shouldn't be lost in the discourse on here that the go-to "real world" argument offered up for IZ in blue cities and states, where it is nearly exclusively adopted, is that it will reduce opposition to new development. And...
Self‑Storage Bubble Bursts; We're Buying Aggressively
The self storage bubble is finally popping and we are going to try to buy as much storage as we can over the next 3-5 years.
Rent Caps Below Inflation Threaten Regulated‑Unit Owners
The rent guidelines board has officially voted to consider a range of 0-2 percent for one year lease and 0-4 percent for two year lease for final vote next month. Inflation is inching toward 3.5 percent. Win for Mamdani politically...
Vote Enables Two-Year Rent Freeze, Boosting Voter Support
So this vote means a rent freeze for two-year leases is possible. Mamdani didn’t get his tax hikes but, in an environment of rising inflation and rising costs for owners, he may well get the rent freeze on a final...
Mamdani's Rent Freeze Decision Awaits Preliminary Vote
We are about to learn if Mamdani is getting is rent freeze or not. (The preliminary vote is a preview of the final vote next month.) https://t.co/SzhWXXgLyD
Santa Barbara's Proposed Fee Spike Threatens Rental Development
The Santa Barbara Planning Commission proposed doubling "affordable housing" fee on new production, such that it would cost $159,968 in fees to build a single median-sized rental unit. This is the housing policy equivalent of applying leeches to a sick...
Homeowners' Financial Strain Drives Property Tax Measure Failures
I think this is part of the reason why practically every property tax measure on the ballots here failed in this week’s election. People already cannot afford their home.
AI‑fueled
Construction Spending on Data Centers, Factories, Chip Plants, Powerplants, Office Buildings: Boom one End, Bust the Other. AI investment mania and the second wave of semiconductor plants https://t.co/19kKVIOc6X https://t.co/JpORgCko47
AI Fuels Bay Area Housing Surge Amid Policy Failures
Bad policy created the Bay Area’s housing shortage. AI just made more people want to live there.
Beyond Performative Local Control: Genuine Pro‑Housing Reform Needed
On the one hand, Mr. Modica's Marblehead comments were great as a case of classic YIMBYism—calling out NIMBY bullshit at public hearings. On the other hand, it's symptomatic of a performative "local control" approach to pro-housing reform that we need...
Doomers Profit From Fear, Now Buying Homes
Some Doomer’s made so much money creating fear that they are buying homes now They don’t care about being right
Mortgage Rate Rally Falters Amid Rising Yields, Weak Jobs Outlook
Is this week's mortgage rate rally already running out of steam? Bond yields are back up, oil prices are back up, mortgage rates no longer falling... And we have another jobs report tomorrow with a very low bar to clear, just 55k...
Median Rents Far Below $5k; No Housing Crisis
You see, again, these are the median rents. And yes, the market-rate one is higher, but it is not $5k. Do not let "crisis" hype lead us into bad ideas, like universal rent stabilization. There is no "crisis" here. On...
Becerra's $4 B “Shovel‑ready” Housing Promise Revealed
In California gubernatorial debates, Xavier Becerra has said he'll expedite 40,000 "shovel ready" affordable housing units that "just need a little kick over the finish line." Turns out that "little kick" is $4 billion https://t.co/TTU1eoXAcB
Three Sacramento Cities Rank Among California's Fastest‑Growing
The Sacramento area has three cities in the top 10 list in California for fastest growing. https://t.co/mGjeWSNkZI
Toronto $1M Home Demands $350K Income or Constant Debt
If you bought a $1m home in Toronto, your household income is either $350,000 a year or you’re broke all the time.
Cash‑Flowing 5‑Unit Multifamily in Central Fresno
5-unit multifamily opportunity in Central Fresno. Strong in-place cash flow, Section 8 tenant base, rental upside, and renovated interiors — built for investors looking for long-term income and appreciation. ✔ 5 Units ✔ Approx. $103K+ Gross Income ✔ Upside Potential ✔ Central Fresno Location DM for...
Mortgage Document Fraud Ignored Despite Budget Commitment
Mortgage Document Fraud Is Clearly NOT A Priority To The Federal Government Because the Finance Department announced they would shut Fraud down 2 years ago But CRA told the Government they were too busy & couldn't bother doing anything about Fraud You can't...
Home Types Diverge: Prices May Stall, Not Rise
When Will House Prices Finally Turnaround? When Do Home Prices Stop Falling? Two Ideas: 1) Different TYPES Of Homes may have very different futures 2) Prices can stop falling & not immediately start to go up And most of the Real Estate Industry...
Steyer Pushes Million Homes in Four Years, Unprecedented Scale
Tom Steyer wants California to build a million homes in four years. The last time that happened Taylor Swift was a newborn. https://t.co/TTU1eoXAcB
Gaming Tech Turns Real Estate Listings Into Virtual Walkthroughs
The real estate industry is quietly getting a massive upgrade 🏡 What used to require expensive virtual tours can now be done with gaming technology: 📷 Scan a property 🪄 Generate a 3D Gaussian splat 🌐 Publish it online with @playcanvas Now buyers can freely...
UWM Leads Refinance Market, Rocket Trails Far Behind
Here are the top 10 mortgage refinance lenders of 2025. No major surprises, with UWM taking #1 in both refis and overall, based on loan volume. Rocket came in a distant second, but still within reach of its crosstown rival UWM. Then you...
IBP Earnings Reveal Weak April for Homebuilders, Census Data Distrusted
Commentary on Installed Building Products earnings call right now confirms pretty weak April for production homebuilders. $IBP Also interesting hearing C-suite repeatedly say - “we don’t put much trust in recent Census housing starts data.”
NAR's Gen‑Z Homebuying Data Unreliable: 3.5% Snail‑mail Response
Please don't listen to NAR about Gen-Z homebuying trends. They get their data from a snail mail survey with a 3.5% response rate.
Griffin's $238M NYC Penthouse Valued at $9.4M for Taxes
Ken Griffin's $238 million penthouse on Central Park South is actually a $9.4 million penthouse under NYC's property tax system https://t.co/I61Z3v1X67
Real Estate Private Equity Generates Perpetual Income Streams
Why Real Estate Private Equity is the Perfect Perpetual Income Machine You want to be in a business where the sale you made 5 years ago still pays you today. Real estate private equity is the perfect example of this Here’s how...
NY Budget Deal Adds NYC Second-Home Tax, Dilutes Climate Law
New York Governor Kathy Hochul announced a tentative deal on a $268 billion state budget, with legislative leaders agreeing to impose a tax on second homes in New York City and weaken the state climate law https://t.co/zxwzelWz27
Juggling Real Estate, Investing, and Baseball in One Day
Had a walkthrough of an apartment complex, 1 investor call, baseball practice, an advisory board meeting, one property closing, and a bunch of calls trying to find the tenants in one of my upcoming listings a new place to live....
Social Norms, Not Pay Gap, Drive Homeownership Gap
Single men are 30% more likely to own a home than single women. Most people blame the pay gap, but the real reason is a social norm that punishes women for buying before marriage. I dug into millions of census...
Rays' "Fully Taxable" Stadium Pays Its Own Bonds
Rays execs calling their mixed-use stadium district "fully taxable," it appears, is misdirection: They'll be paying some property taxes, but they'll be paying them to themselves, to pay off bonds for their own stadium. https://t.co/P8XqUu0ad1
Mid‑June 2025 Housing Shift: Demand Drops, Pending Sales Surge
It strikes again now on the other side. You can't go from one chart showing the lowest demand ever to pending home sales jumping this much on the other one. The housing market shifted in mid-June 2025, but... Context is...
Austin CBD & East Austin Flooded with 2.5‑3.5k SF Offices
I have only done a handful of ATX office deals, but I found this hard to believe, so I did a quick CoStar run. There are 40+ Class A and B office buildings in the Austin CBD alone currently marketing suites...
Bipartisan Law Expands Affordable Homeownership in Colorado
We’re taking another bipartisan step to expand housing Coloradans can afford. This new law builds on voter-approved Proposition 123, adds flexibility for communities, and helps more hardworking families achieve the dream of homeownership. Thank you to the bipartisan sponsors.
Landlords Hide Rent Data Until Tenant Disclosed
Thoughts on this? This is a new one for me in 35 years of doing this. The landlord rep doesn't want to provide the asking rental rate and current OpEx unless the prospective tenant is disclosed ... for an initial market survey. The...
Mindset Is Key in Today’s Housing Market
Some thoughts I shared with some real estate friends. So much of working in today’s housing market is about mindset and keeping that tight. Know what I’m saying? https://t.co/5Jy4rNDlht
G42 Secures Minneapolis Office-to-Data Center Lease
A unit of G42, the Abu Dhabi tech conglomerate backed by Emirati royal Sheikh Tahnoon bin Zayed al Nahyan, has signed on as the primary tenant for an office-to-data center conversion in Minneapolis https://t.co/jgG7C2gsvM
Sacramento Sales Volume up 2% Year‑to‑date
Closed sales volume is ahead of last year so far in the Sacramento region. Not much, but about 2% ahead. https://t.co/g5WECpNtl8
New 1WTC Shifts From Finance to Communications Hub
Why the new #1WTC isn't like the old 1WTC. The new 1 is centered on communications, the old 1 on #finance. Norm #AI takes 70KSF there w/#CondeNast is anchor. 'No bldg in world carries more institutional weight than 1WTC' #WTC...
NYC Drop Costs $20M Buildout, $100K Monthly Rent
This is my favorite drop when I visit NYC. Amazing experience. They had to spend $20 million + on the buildout and rent must be $100k + per month. Would love to see the financials here.
Measure V Could Boost Davis Housing by 10%
This year, voters in Davis will vote on initiatives approving two projects that would collectively increase the local housing stock by 10%—enough to really see an improvement in affordability. I strongly recommend that local YIMBYs vote YES on Measure V!...
Kevin O'Leary Backs Utah AI Data Center Venture
#MrWonderful joins the #AI gold rush. #SharkTank's #KevinOLeary part of group pursuing 40000-acre prop in #UT to be anchored by a, you guessed it, #datacenter. #realestate #warehouse #MartySupreme #GreatSaltLake https://t.co/5TwcPOIBmB via @WSJ
Goodman Buys Newark Brewery for $360M, Plans Logistics Hub
1 of #NJ's highest profile props goes for $360M. The old #AnheuserBusch #brewery in #Newark sold to #Goodman, w/dn say what it w/do w/it. Hint, it bought ex #DailyNews plant in #JerseyCity, w/it is turning into a #logistics center....