American Hotels Experienced Worst Year Ever
By Tyler Durden According to STR, Inc, a hotel industry market data firm, 2020 was absolutely the worst year on record for hotels as industrywide profits…
Real Estate
“Tough Months Ahead” — NYC’s Lackluster Recovery Continues To Decimate Businesses And Livelihoods
By Tyler Durden Indoor dining is banned; offices are empty; city dwellers are fleeing the metro area. The virus pandemic has deeply scarred New York City’s…
The U.S. Has Lost More Than 110,000 Restaurants, Setting The Stage For A Commercial Real Estate Collapse Of Epic Proportions
By Michael Snyder The restaurant industry is in the midst of a complete and total meltdown that is unlike anything that we have ever seen…
“Dark Winter” — Millions Of Americans Are Expected To Lose Their Homes
By Tyler Durden A dark covid winter is descending on the working-poor of America as millions of adults face eviction or foreclosure in the next few…
“Down From London” Crowd Flee Cities, Send British Country Estate Sales Soaring
By Tyler Durden Following trends in New York City, San Francisco, Los Angeles, and Chicago, wealthy so-called ‘Down-from-London’ers have reassessed their living situation in urban…
Companies Join Exodus To Suburbs As Cities Transform Into “Ghost Towns”
By Tyler Durden People and companies are leaving American cities in droves. An urban exodus could persist for a couple of years as the virus pandemic and…
Apartment Prices Are Crashing In Major Cities Worldwide
By Tyler Durden Covid’s effect on cities is starting to hit the price of rentals – and it’s not just in the United States. Apartment…
New Data Reveals Just How Many Americans Temporarily Moved To Escape Pandemic
By Tyler Durden Moving-focused group MyMove analyzed data from the USPS about change-of-address requests. By far, this is the most comprehensive snapshot of migration trends during…
San Francisco Rents Crash Most On Record Amid Mass Exodus
By Tyler Durden A new report confirms what we’ve been talking about since the early days (read: here) of the virus pandemic, that is, an exodus out of…
Pandemic Special: “Don’t Pay Rent Until 2021” For NYC Apartments
By Tyler Durden The number of empty rental apartments in Manhattan has tripled compared with last year, forcing some landlords to become increasingly desperate as they struggle…
Mortgage Delinquencies Soar To Decade High
By Tyler Durden Readers may recall last week we outlined the dam of pent up mortgage delinquencies continued to crack, with the share of delinquent Federal Housing Administration’s…
Lodging Group Warns That Hotels Are Headed For An “Unprecedented Wave Of Foreclosures”
By Peter Romeo of Restaurant Business Payments on nearly one-fourth of all loans backed by hotel real estate are delinquent by at least 30 days,…
New Flyer: 4G and 5G Small Cell Towers Reduce Property Value BIG TIME
By B.N. Frank According to real estate agents, cell towers and antennas have always reduced property value. Thanks to the folks at 5G Crisis for…
Housing Market Outside New York City Booms As City Dwellers Flee
By Tyler Durden While observing national housing trends, we have recently found wealthy Americans – and anyone else who has the economic mobility – are…