Lead Story…. In the past seven years, more than a dozen central banks have tried to raise rates. Each has been forced to retreat. You’re up next, Federal Reserve.
Stealth Tightening: Goldman Sachs says that tighter financing conditions that resulted from multiple international financial setbacks this summer have been the equivalent of the Fed hiking rates 75 basis points.
New Fuel: When it comes to supply for bond securitizations, commercial credit has become the new mortgage credit.
Upward Trajectory: An improving US economy and shrinking inventory has been fueling the strong commercial real estate market.
Big Bet: Hines bought a large 87% empty office park near the airport in Orange County that used to be Washington Mutual’s regional headquarters.
Not Stopping: California is continuing to build houses despite the drought as the housing shortage and additional water efficiency in new homes (currently) outweighs dwindling water supplies. (h/t Doug Jorritsma)
The Case of the Missing Construction Workers: The construction industry saw it’s ranks decimated during the Great Recession. As the market has improved, the industry has struggled to rebuild its workforce, effectively putting a cap on housing starts as more job openings have become available.
Staying Put: A new Zillow study found that renters are less likely to buy in the next 12 months than they were at this time last year.
Stone Idol: The fascinating story of how granite counter tops went from a niche product to an American obsession.
(Not) Shocking Study: For-profit schools bear most of the responsibility for ever-increasing student loan defaults.
Game Changer: Here’s why Apple’s new subscription model is a game changer for how we buy smart phones.
Stylus Styling: Steve Jobs must have rolled over in his grave last week when Apple announced that the new iPad Pro will have a stylus.
Desperation: Tinder just added a “Super Like” button so that users can show just how desperate they are.
Chart of the Day
Getting to the Bottom of Things: Check out how Thai police discovered and recovered a stolen diamond from a jewel thief.
Have it Your Way: I don’t think that what happened in a Florida Burger King was what the company had in mind when they came up with their slogan.
Not the Sharpest Tool in the Shed: A Florida man was busted when he accidentally texted a narcotics officer while looking for pot.
Landmark Links – A candid look at the economy, real estate, and other things sometimes related.
Visit us at Landmarkcapitaladvisors.com