I don’t remember many folks saying death of NYC. That’s a pretty resilient place and has had major ups and downs.
You "don't remember many folks saying death of NYC" because you are young. The city was in terrible shape in the mid-1970s, and real estate values reflected that.
Some discussion of remote work feelings of Millennials and GenZ.
www.forbes.com
Interesting. As a professor, I had *many* colleagues who came into the office only to teach their classes and who did all their research/writing from home. I, by contrast, worked a traditional day in the office and worked from home only to supplement that. I continue to think that my approach was better. Those who worked from home did not know what was going on and sacrificed the opportunity to build personal and scholarly connections with their colleagues.Some discussion of remote work feelings of Millennials and GenZ.
Gen Z And The Great Office Debate Won’t End In 2023
Deciding whether to work remotely or in-office is a complicated decision that will require innovative solutions.
Had a discussion with a remote colleague (who has no opportunity to come to office bc too far away) in my age group. We agreed that being in the office is fantastic when there is a group there to bounce an idea off of someone else, review something you are having a difficult time with or just shoot the breeze to blow off a little steam. The remote colleague felt there was a barrier to doing that over Teams or picking up the phone. I explained there should be no such barrier, but we agreed it is more organic and easy when everyone is office together. For legal work, collaboration is important. Can't count the number of times that excellent ideas to make a written document or brief stronger came about due to in person collaboration. Can count that same thing on one hand when working remotely during the pandemic.
This is true even in academe, where professors tend to work alone (e.g. I never co-authored anything in academe, while of course I worked with others in private practice just as you do.) Talking to a colleague about how to teach something (I visited colleagues constantly to talk about that) or about your work is often quite helpful. I would think this is true in lots of contexts.
Yes, but . . . once my colleagues realized they didn't have to come into work, they began living at greater distances. So it was a vicious circle.
As the report says, rents continue to be high. Yet it sounds like rents can't be increased enough to cover financing costs. Am I misunderstanding this?
Or maybe he is panicking over this news, although not sure what the alternative solution is.
I'm not sure either. It used to be that the seller paid the agent the full commission and the agent would split it with the agent who had brought in the buyer. They both were working for the seller. The idea of a buyer's agent was for the buyer to have someone working only for him. Are we going to go back to the old days?
As I understand it, the National Association of Realtors (which, by the way, owns the rights to the term "realtor") was found to be conspiring to force sellers to pay the buyer's agent.
I understand that. But the verdict says it is illegal for realtors to combine together to agree that all of their contracts with sellers contain that term. Such a combination amounts to price-fixing, which is barred by the antitrust laws. The fact that you agree to the term does not take away from it being price-fixing.
Two sets of questions:
Floating rate vs fixed rate. Plus most commercial loans are shorter term (5-10 yrs).
I don’t really understand this. The article talks about all these wealthy alums in historically LCOL areas that are buying or renting luxury houses all of a sudden for their kids to go to school or to use for gameday.
How College Football Is Clobbering Housing Markets Across the Country
ATHENS, Ga. — Rashe Malcolm loves her son Wayne and his girlfriend, but she’d also love it if they could move out of the three-bedroom home in Athens that she shares with the couple, both 23, as well as her husband and two of her three other children. But the rent is too high for anyone to go...news.yahoo.com
peakprosperity.com
Are these buildings you guys foreclosed on? Didn’t know banks own actual real estate unless it’s REO book.
Banks are getting HAMMERED right now on low interest loans they bought/took on pre-2021. There's several LARGE banks (Most notably BMO Harris) who have stopped doing indirect auto loans entirely as a result.
There's very little supply up in Boston. Super frustrating. I know a lot of people who would like to buy a house, but it's tough right now. Lower rates would help affordability and bring supply on the market, so it'll hopefully balance out and transaction volumes will be higher but prices will be somewhat flat.
Entirely possible assuming prices continue to increase once the rates come down further (which they likely will) and people will have enough equity in their current homes to cash out and absorb that increase in rate by coming to the table with a six figure down payment.
