Of Inverted Yield Curves, Negative Interest Rates and Skeeball
Cheryl & I are staying at our usual hotel in Rehoboth Beach, DE right now, where I grew up (some say that is in an inaccurate statement) from 1967- 1982 and then as adults, took our kids there when they were younger and now some of them are even visiting there on their own. It is a not so sleepy resort town, the “Hamptons” of Washington, DC. that grew up too and in a good way. I can assure you that right now we are not thinking of anything but Skeeball, Nic-o-bolis, Kohr Brothers orange sherbet, and vanilla soft serve custard, Grotto Pizza slices on the boardwalk, bookstores, power napping, ocean-swimming and tonight we are crashing a wedding rehearsal dinner.
Next week is another week of recovery and then the following week all hell breaks loose.
But I digress…
In the meantime, there are some great reads below, especially the extra-curricular kind.
See you next week.
Jonathan J. Miller, CRP, CRE, Member of RAC
President/CEO
Miller Samuel Inc.
Real Estate Appraisers & Consultants
Matrix Blog
@jonathanmiller
Reads, Listens and Visuals I Enjoyed
- 'Big Short' investor Steve Eisman says Zillow has one of the 'most flawed' business models he's seen [CNBC]
- Mortgage Market Reopens to Risky Borrowers . [Wall Street Journal]
- Once listed for $1 billion. Sold for $100,000. What just happened? [LA Times]
- The Startups Safeguarding Real Estate Against Schemers and Scammers [Wall Street Journal]
- 2 Condos Were Illegally Converted Into 18 Micro Apartments In NYC [WGBH]
- A field guide to NYC’s unseen infrastructure [Curbed NY]
- Here's why falling mortgage rates won't spark recovery in the housing market [Housingwire]
- Welcome to housing Twitter, the shoutiest debate on the internet [Fastcompany]
- Amazon Turns Northern Virginia Into Country’s Most Competitive Home Market [Bloomberg]
- What’s the Deal With That Inverted Yield Curve? A Sports Analogy Might Help [NY Times]
- If You Believe In Dodd-Frank, You Can't Also Believe In Fannie, Freddie [RealClearMarkets]
- Negative Mortgages Set Another Milestone in a No-Rate World [Bloomberg]
- The Inverted Yield Curve Deserves Better Scrutiny [Bloomberg]
- New federal tax rules create advantage for real estate investment trusts [CNBC]
My New Content, Research and Mentions
- 紐約皇后區的寶藏 木邊 低調奢華 房市潛力驚人 – 世界新聞網 [World Journal]
- Low interest rates are giving the housing market a boost [Yahoo Finance]
- Much-lauded Astoria Cove project remains stalled years after Council approval [Politico]
- Park Avenue Co-ops, Once Blue-Chip, Are Now Also-Rans [Habitat Magazine]
- These resi brokers killed it during a historic month for NYC luxury real estate [The Real Deal]
- Douglas Elliman Releases July 2019 Rental Market Report for Manhattan, Brooklyn and Queens [Citybizlist]
Appraisal Related Reads
- How Do Appraisers Qualify Comps? [Birmingham Appraisal Blog]
- Can you use brand new sales from the builder as comps? [Sacramento Appraisal Blog]
Extra Curricular Reads
- One Last Run for the ‘Irish Forrest Gump’ [NY Times]
- The Genius of Frank Sinatra [The Hour]
- What Happens When Sister Cities Break Up? [Atlas Obscura]
- Tumblr and the End of the Eyeballs-Are-Everything Era [Wall Street Journal]
- Yale’s beloved happiness class is now on the internet for free [qz.com]
- Cloudflare uses lava lamps to generate a fundamental resource: Randomness [qz.com]
- N.Y.C. Is on Pace to Draw a Record 67 Million Tourists This Year [NY Times]
- Nick Saban Wins National Titles. He Loses Assistant Coaches. [Wall Street Journal]
- Crowdfunding Site PledgeMusic Was an Antidote to Music Biz Middlemen—Until It Cheated Artists Out of Millions [Pitchfork]