CategoryPolitics/Governance/Management

Damaged: A $225 Million Sale Closed In Naples As The US Loses 20% Of Its Value

There Was A $225 Million Home Sale In Naples, The 2ndHighest In US History US Imports From China Plummeting, Projecting NearEmpty Store Shelves In A Few Weeks Last Week's Weakening Dollar Translates Into A 20% Drop In US Value Whenever I think of or use the word “Damaged,” I think of a wildly underrated DC punk album by Black Flag. For about 25 years I played tennis with a group of mid to...

The Plural Of Anecdotal Is Not Data – The Tariff Tantrum Impact Creates Housing Chaos

New York City Seems To Be Impervious To The Tariff Tantrums So Far Some Markets Are Experiencing A Marked Slowdown In Contracts New Listings Are Either Being Withdrawn Or Added In Large Numbers There are lots of stories coming out of the brokerage community about properties being delisted or deals blowing up attributable to the Tariff Tantrums the world is currently enduring. I’ve been talking at...

Amid Housing Economy Confusion, Perhaps Compass Is Purchasing BHHS After All?

BHHS CEO Who Denied Compass Was Acquiring His Firm Last Month, Just Stepped Down Companies Are Beginning To Use Two Scenarios When Forecasting The 2025 Economy Lack Of Clarity Continues To Define The New Global Trade War Era The headlines screamed Gino Blefari had stepped down as HomeServices CEO, and everybody in the industry gave a knowing nod. A month ago, after some terrific reporting by the...

The Griffin Effect + Tariff Squawking

Ken Griffin Has Had Significant Influence Over The US Super Luxury Market "Vertical Travel" Is An Urban Real Estate Commuting Phrase Tariffs Are A Huge US Policy Mistake, Says Everyone Yesterday, I promised I would take a short break from tariff talk, so consider today's Housing Notes as a partial palette cleanser. Admittedly, I've only eased off nominally since I included two mustwatch videos on...

Canada’s Housing Market: Take Off ‘Eh”

Canadian Housing Prices Have Increased 3X US Housing Prices Over The Decade Canadian Mortgages Tend To Have Adjustable Rates, Making Consumers More Vulnerable To Inflation The Canadian Government Tracks Housing Prices, Only New Construction Tracked In US My mom was born in Montreal, and she immigrated to Connecticut when she was 13, so I've always felt an affinity towards Canada. When the...

Boomers Are #Winning In The Affordability Crisis

Most Existing Homeowners Have A Low GoingIn Cost Basis And Are Paying Their Bills Tariffs Are A Policy Blunder That Will End Up Pushing Up The Cost Of Housing After All The Job Loss Expected From Tariffs, Mortgage Rates Will Probably Fall There’s a great article by Scott Galloway, a prolific book author and podcaster, on the crisis in housing. I’m a big fan of his Pivot Podcast with Kara Swisher...

Housing A Recession Doesn’t Rate

Recession Talk Has Crept In To The Economic Conversation Chaotic Economic Policy Pauses The Consumer Recession Means Real Job Loss But Possibly Lower Rates Well, it’s been a chaotic 2025 so far with the uncertainty ratcheted up to sky and tariff policy’s blunt force trauma thrown against friends and neighbors. If you’ll recall, implementation of tariffs in 2018 specifically punished soybean...

DC Housing Is Not For U.S., By George

DC Doesn't Have Outlandish Political Housing Market Cycles DC Is Experiencing The Shift To Luxury Demand Expected Nationwide There Is An Expectation Of A Wider Wealth Gap In Housing Coming Soon I must confess that I'm not a native New Yorker, but I feel like one after moving there 40 years ago. My teenage years were spent in Bethesda, Maryland, and one of my parent's homes was literally on the D...

Future HOA Membership Is A Growing Part Of Home Ownership Costs

More Than 80% Of New Home Sales Enter Homeowner Associations (HOA) The Implementation Of Tariffs Across The Economy Will Snuff Out Rate Cuts Financial Markets Tend To Be Wrong About Future Fed Cuts I started writing this post thinking about the greater cost of homeownership we've experienced through larger homeownership association (HOA) costs higher mortgage rates, rising property taxes, and...

Whether Your Tribe Was A Winner Or Loser On Election Night, Let’s Not Talk About It Today

The Election Impact On The Housing Market Probably Hasn't Changed Much Polling Data Reliability Is Terrible And Should Be Considered Worse Than Survey Data Housing Note Readership Is Up! I'm still processing last night's election results and what it all means so forgive this light post. Talking about the housing market today seems almost trivial. I look forward to shifting gears a bit in my next...