

It really doesn’t get much better than this, folks. Last July, I wrote a post called “If this is a bad economy, please tell me what a good economy would look like”. At that time, there was still quite a lot of debate about whether the U.S. economy was...
Let us pause to appreciate the remarkable US economy

Real Estate Desiderata: 11 key charts
CRE hitting bottom? a good time to travel some office landlords are doing pretty great love that used home smell resi markets with a bit of softness Is commercial real estate hitting bottom? Random Walk has gathered data on this point (somewhat skeptically),...
Real Estate Desiderata: 11 key charts

Mass deportation would accomplish nothing
Trump’s signature policy would frighten Americans without improving the immigration situation. “The crops are all in and the peaches are rotten/ The oranges piled in their creosote dumps” — Woody Guthrie Ever since Kamala Harris replaced Joe Biden and the...
Mass deportation would accomplish nothing

Build to rent is changing the American dream
How build-to-rent communities are changing the US housing market For generations, Americans have celebrated the benefits of owning a single family home. More than just a place to live, homeownership offered us: An appreciating investment with tax...
Build to rent is changing the American dream

Because it’s Real
Silicon Valley Bank was at the right place, at the right time. We’re talking one-in-a-million here. SVB was founded in 1983 in Santa Clara, California, to provide financial services to technology and VC-backed companies. I can’t imagine a better location, market...
Because it’s Real