HT – Marion Nestle – https://www.foodpolitics.com/2026/03/weekend-reading-the-hidden-cost-of-cheap-food/ Download the full report – https://yuka.io/en/report-food-price-composition-us/ Yikes.
Over the years when I invited friends over for dinner they got pretty excited. One day I asked a guest what’s with all the excitement? Chinese food! They were expecting something I really sucked at making. To this day I don’t make much Chinese/Asian stuff. I’d rather go out and eat something someone actually knows […]
When I finished reading The Writing Life by Annie Dillard I realized my writing will never achieve the level of the great ones. But I am OK with this just as I was OK with deciding not to pursue writing for a living. Too hard, too demanding, too much time spent writing words into the […]
Today Monday earlier this week Monday
Participants with the highest intake averaged 9.3 servings of ultra-processed foods per day, while those with the lowest intake averaged 1.1 servings. Compared with the lowest group, those in the highest group had a 67% greater risk of dying from coronary heart disease or stroke, or experiencing non-fatal heart attacks, strokes or resuscitated cardiac arrest. […]
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.