🚫 Market Meltdown & Insurer Exit
As the office market faces unprecedented declines, a dramatic pull-out by leading insurers leaves major housing markets vulnerable.
Brace yourself! The once-coveted office space market is spiraling downwards, with remote work and pajama-clad employees reigning supreme.
Also, insurers are taking a step back from major coastal properties.
Speaking of which, the soaring home prices may just be losing steam after a 10-year rally.
But it's not all gloom! 2023's real estate leaderboard showcases cities you wouldn't expect; from San Diego's inviting beaches to Austin's lucrative tech appeal.
In this edition of the AltReports:
🗑️ Office Overhaul
🌀 Coastal Crisis
⚖️ Equal Estates
💰 Beachside Bonanza
🐢 Real-estate Reticence
Video of the Week: Canada is the “Canary in the Coal Mine”
Chart of the Week: Runaway Asset Inflation
Podcast of the Week: Homeless to Millionaire with Landflipping
The Office Market's Freefall is Accelerating
Landlords are shaking in their boots as the CRE freefall gains speed.
Employees rather like working in PJs sans commute. Who knew?
So, keep those comfy pants handy because it seems the typical office as we know it is becoming irrelevant.
What Happens When Insurers Abandon Our Biggest Housing Markets
Insurance companies are giving coastal housing markets the cold shoulder, probably fearing a tsunami of climate change-induced chaos.
So you should rethink your seaside dream house unless you fancy snorkeling in your living room.
A 10-Year Rally in U.S. Home Prices Could be Coming to an End
Looks like the 10-year-long joyride of U.S. home prices skyrocketing might be skidding to a halt.
Seems like the housing market could finally be done playing favorites.
And so after a decade of good times, simply owning a house may not be your golden ticket anymore.
Price of Used Houses now the Same as the Price of New Houses
In a twist worthy of an M. Night Shyamalan flick, used houses now cost as much as new ones.
Gotta love the whacked-out real estate market, eh?
New digs or old, your wallet's gonna scream either way.