Millennials Leave the Basement to Buy Homes This points to a rise in spending on furniture, appliances, electronics and cars that will lift earnings and power stocks. Bloomberg, November 10, 2017 A few years ago, I wrote “The economy will one day improve, and the millennials will move out of their parents’ basements. When that happens, expect… Read More The post All Hail the Millenial Homebuyer ! appeared first on The Big Picture.
Looking at arguments used to justify original claims on land (meaning private ownership versus common ownership or use).
Source: Visual Capitalist The post How Many Hours Americans Need to Work to Pay Their Mortgage appeared first on The Big Picture.
Local activists are having some success in fighting Big Finance landlords who have become big, ruthless players in rental housing.
A summary of the many reasons to view Treasury Secretary Steve Mnuchin with contempt.
Why "building tall" is not an answer to urban housing affordability.
Rhône Capital has agreed to make an investment of $500 million in global retailer HBC. Also, WeWork Property Advisors, a joint venture between WeWork, an operator of shared office and co-living space and Rhône, has agreed to acquire the Lord & Taylor Fifth Avenue building from HBC in a deal valued at $850 million. The flagship store housed in that space will operate throughout the 2018 holiday season before being turned into WeWork’s New York headquarters, WeWork office space and a redesigned Lord & Taylor store. BofA Merrill Lynch and RBC Capital Markets are serving as financial advisers to HBC while Morgan Stanley is doing likewise to WeWork Property Advisors and Rhône. PRESS RELEASE TORONTO & NEW YORK–(BUSINESS WIRE)–HBC (TSX:HBC) today announced a series of strategic transactions with WeWork Companies (“WeWork”), Rhône Capital (together with Rhône Group and affiliates, “Rhône”) and an affiliate of WeWork Property Advisors (“WeWork
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This is quite interesting: U.S. geographical economic inequality is growing, meaning your economic opportunity is more tied to your location than ever before. A large portion of the country is being left behind by today’s economy, according to a county-by-county report released this morning by the Economic Innovation Group, a non-profit research and advocacy organization. click… Read More The post Distressed Communities Index appeared first on The Big Picture.
This week, we sit down with Rich Barton, the Microsoft engineer who developed Expedia while working for Bill Gates and Steve Ballmer in the 1990s. Expedia was spun out of Microsoft, and while CEO Barton took it public, before it was eventually acquired by Barry Diller’s IAC. He is also the co-founder of Zillow, and Glass Door, and is on the… Read More The post MiB: Rich Barton on Making Information Available to All appeared first on The Big Picture.
Further discussion of why CalPERS' latest Big Idea for private equity needs a Big Rethink.
The current state of play at Grenfell Tower, with a question yet to be answered.
Why high levels of mortgage delinquencies in the New York City area are a symptom of still-unresolved mortgage abuses.
By Lambert Strether of Corrente. I said I had some things to do before I left London; one of them was to go see if I could take some photographs of Grenfell Tower. We don’t normally do photo essays at Naked Capitalism, but since I was on the spot, I thought it made sense. The […]