The Holidays Are Not For Housing Our Frustrations: 2021 Is Gonna Be Lit!

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But I digress…

It’s Been Quite A Year!

[NY Times – click to open article]

I’m glad it’s coming to a close but 2020 has been a fascinating time to track the housing market. I’m very glad so many of you have joined me in this weekly endeavor.

The year 2020 was one to remember, just as much as it was one to forget. I can’t remember a previous year where optimism was widely viewed with skepticism.

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But whatever your take on next year is, my best wishes to you right now for a happy holiday season!

Jonathan

OFT (One Final Thought)

Santa doesn’t know Zoology:

Both male & female Reindeer grow antlers. But all male Reindeer lose their antlers in the late fall, well-before Christmas.

So Santa’s reindeer, which all sport antlers, are therefore all female, which means Rudolf has been misgendered. pic.twitter.com/fkHqhJM7dY

— Neil deGrasse Tyson (@neiltyson) December 25, 2020

Brilliant Idea #1

If you need something rock solid in your life (particularly on Friday afternoons) and someone forwarded this to you, or you think you already subscribed, sign up here for these weekly Housing Notes. And be sure to share with a friend or colleague if you enjoy them because:

– They’ll be ready for 2021;
– You’ll be waiting for 2021;
– And I’ll be looking forward to 2019.

Brilliant Idea #2

You’re obviously full of insights and ideas as a reader of Housing Notes. I appreciate every email I receive and it helps me craft the next week’s Housing Note.

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

• The 2021 List of Home Repair Resolutions That Probably Won’t Happen [Wall Street Journal]
• Commercial Real Estate’s Reckoning Will Be More Damaging Than First Thought [Bloomberg]
• Having a Pied-À-Terre in New York City May Result in Higher Real Property Taxes [JD Supra]
• CoStar spoiling for a fight with Zillow in New York City [Inman]
• December NYC Apartment Rent Collections Drop To 79% [Bisnow]
• The Pandemic Will Reduce Inequality—or Make It Worse [Bloomberg]
• What Should You Call a Master Bedroom Instead? [US News]
• Column: Visualizing a strong affordable housing strategy for Hawaii [Star Advisor]
• Holiday Lights Go Big This Year [NY Times]
• Half of NYC landlords losing money, says CHIP [Real Estate Weekly]
• Manhattan’s Luxury Properties in 2020: Interview with Shlomi Reuveni [Property Shark]
• I am not so worried about inflation [Marginal REVOLUTION]
• Taking the Temperature of Habitat’s Co-op and Condo Readers [Habitat Magazine]

My New Content, Research and Mentions

• New York Luxury Real Estate Could Be a Bargain in 2021 [Bloomberg]
• Word + Quiz: glut [NY Times]
• The 10 most expensive US homes sales of 2020 [Real Estate Boston.com & Globe.com]
• Rich Americans Who Fear Higher Taxes Hurry to Move Money Now [Bloomberg]
• LIC developer plans 19-story residential tower [Crain's NY]
• Manhattan Apartment Leases Rose 30% in November, but Here's Why Local Investors Shouldn't Get Too Excited [Fool.com]

Recently Published Elliman Market Reports

• Elliman Report: Manhattan, Brooklyn & Queens Rentals 11-2020 [Miller Samuel]
• Elliman Report: Florida New Signed Contracts 11-2020 [Miller Samuel]
• Elliman Report: New York New Signed Contracts 11-2020 [Miller Samuel]
• Elliman Report: Colorado New Signed Contracts 11-2020 [Miller Samuel]

Appraisal Related Reads

• Future Changes in USPAP 2022-23 – Time to Quit the Constant Changes [Dave Towne/Appraisers Blogs]
• You carried me & a spreadsheet for Christmas [Sacramento Appraisal Blog]
• There is Real Corruption in AI National Leadership [Jonathan Miller/Appraisers Blogs]
• Second Appraisal Anti-Discrimination Bill Introduced in New Jersey [Christensen Law Firm]
• The New Norm: ESG as a Material Risk and Opportunity for Real Estate [Counselors of Real Estate]
• Random Thoughts of an Appraiser [Matt Simmons/Appraisal Buzz]
• Real estate drama (and a market update) [Sacramento Appraisal Blog]
• Reopen Your Business Safely with This Budget-Friendly Marketing Plan [Cleveland Appraisal Blog]

Extra Curricular Reads

• The Year of Driving Less—but More Dangerously [Wired]
• Why NORAD Tracks Santa Claus [Smithsonian Magazine]
• The Weirdly Enduring Appeal of Weird Al Yankovic [NY Times]
• THE BEATLES: GET BACK – A Sneak Peek from Peter Jackson [JohnLennon.com]
• Times Staff Member Gets All Choked Up (Published 2016) [NY Times]
• Inside Casey Rubber Stamps: How this tiny rubber stamp shop has survived for 41 years in NYC [6sqft]
• The Roles of Mobility and Masks in the Spread of COVID-19 [Boston Fed]
• The Karen Next Door [The Cut]
• The Journalist and the Pharma Bro [Elle]
• Is Life a Simulation? Check Out the Creepy First Trailer for Documentary A Glitch in the Matrix [Paste Magazine]
• Barry Ritholtz and Josh Brown Won’t Predict The Market, But They’ll Talk About Anything Else. [Barrons]
• Tracking world’s biggest iceberg [Flowing Data]