Good question. Garyskitchen.net is a blog / food memoir website. (garyskitchen.net) Here’s what it seems to be about: If you like, I can check whether it’s a reliable or trusted site (e.g. based on its credibility, authorship, how up-to-date it is). Do you want me to do that? I responded Yes. Good question. Here’s an […]
While wild oysters were an important part of an Indigenous diet in what is now Maine, by the 1900s they had all but disappeared. Most people considered them functionally extinct, in fact, until this spring, when researchers from the University of Maine published a study confirming their return, often in close proximity to the oyster […]
Bottom Line – Bad idea. “After listening to my four-year-old son regale me with the adventures of Thomas the Tank Engine for 45 minutes I tapped out,” he wrote, “so I opened ChatGPT.” In an interview with The Guardian, Josh said he needed to do chores and thought his son “would finish the story and […]
Drinking coffee is linked to stimulating the growth of bacteria like L. asaccharolyticus—creating a healthier gut microbiome. As coffee compounds are metabolized by gut bacteria, they produce beneficial metabolites like quinic acid (which research shows has antioxidant and protective properties2) and hippurate (which is a marker of metabolic health). Drinking This Daily Can Increase 115 Types Of Good […]
When I win the lottery
When I win the lottery I still would not buy a trophy apartment in Manhattan.
Sure?
Yes. Crime is up, resale value at the upper end not good (not enough billionaires) and when the commercial real estate market collapses, residential values will follow.
When? Why is the commercial real estate market going to collapse?
Commercial real estate is in trouble. CRE investors are losing their shirts, just like holders of long-term bonds. Landlords face suddenly much higher interest rates that make their variable-rate mortgages economically infeasible, and that make it impossible to refinance a maturing fixed-rate mortgage because the current rent won’t cover the new interest payments. So landlords have walked away from their mortgages and have let the creditors take those properties and the losses. And as we are finding out on a daily basis now, many of these lenders are investors in Commercial Mortgage-Backed Securities and mortgage REITs, rather than banks.
Landlords and lenders in the office sector have the additional issue of the rug getting pulled out from under their office towers by working-from-home and the corporate recognition that they don’t need this much office space. A stunning amount of the office space in central business districts is now vacant and available for lease or sublease. In a bunch of cities, these availability rates are near or above 30%.
Quoted from https://wolfstreet.com/2023/10/07/my-take-on-what-qt-has-done-to-stocks-bonds-commercial-real-estate-lots-of-bloodletting-what-it-will-do-going-forward/
Wow, interesting!
My entire Roth IRA is invested in REITs. I wonder if I should get out now. From what I understand with a Roth there would be no problems with having to pay capital gains taxes.