Must Read: ULI’s Center for Capital Markets and Real Estate sees market fundamentals remaining positive throughout 2019 but moderating over the following three years.
Luck of the Draw: Graduating college during a recession can have negative economic and socioeconomic impacts that last for decades.
Dove Trap? The Federal Reserve appears to be prepared to hold rates steady for the foreseeable future. However, we should not assume that they will remain dovish towards the end of this year should growth accelerate. See Also: Growth is better than expected but the economy is not yet booming.
Help Wanted: There are a lot of job openings in the US for blue collar fields such as truck drivers, electricians, plumbers and mechanics. The share of women employed in those fields is now at its highest level in at least 25 years.
Feel the Burn: WeWork is burning through cash at a pace that would make Uber blush – $2.3 billion in 2018 alone, to be exact. Analysts at Sanford C. Bernstein & Co estimate that it would need $19.7 billion through 2026. With the private markets becoming skeptical, the co-working company has to go public to raise such a massive amount of capital because why go bankrupt when you can go public instead?
Battle Plan: Marriott, the world’s largest hotel company is taking the fight to Airbnb’s own turf and expanding further into the home-sharing business. See Also: Not to be outdone, Airbnb has announced that they are going collaborate on New York City hotel concept with RXR Realty.
Cheapest Space in Town: A San Francisco man has started putting coins in parking meters and then re-leasing the spaces for $2.25 per hour partially in protest of expensive co-working space in the city. My first thought was to wonder where people working in these spaces would use the bathroom…..and then I remembered that this was San Francisco.
Flattening Out: US house price gains are slowing.
Misalignment of Interest: Some fix and flip lenders are offering zero down-payment loans to flippers with a minimum credit score of 680 for up to $1MM, mostly because people have incredibly short memories.
Delusional: Parents are going into debt to fund their kids’ extracurricular activities because they have been convinced that it will help to get them into college.
Digital Memory: The dead could outnumber the living on Facebook within 50 years, raising questions as to who has the right to all of the data.
Direct to Consumer: Instagram is allowing influencers to sell things to users directly via their posts.
Chart of the Day
Hard Pass: Some scientists believe that humans will someday eat maggot sausages as a meat alternative. PETA responded to this news by launching a new campaign entitled “Maggots are Friends, Not Food.”
Packing Heat: A woman who attempted to steal a club sandwich, sausage breakfast sandwich, can of Pringles and two Lunchables by sticking them down her yoga pants was arrested because Florida.
Cleanse the Earth With Fire: The Crocs with fanny packs attached to them that no one asked for and no one that you know will wear are here.
Landmark Links – A candid look at the economy, real estate, and other things sometimes related.
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