A Salmonella Jalapeño outbreak has sickened at least 345 people in 27 states, according to the CDC. Half of those people ate at Chipotle Mexican Grill restaurants and QDOBA locations in seven states. The peppers were imported from Sinaloa Mexico and distributed by Coast Citrus Distributors. Salmonella Jalapeño Outbreak Sickens 345, Chipotle and QDOBA – […]
The North Carolina cyclospora outbreak is linked to parsley and cilantro, as well as lettuce, according to an update by the North Carolina Department of Agriculture and Consumer Services (NCDHHS). While parsley and cilantro have been mentioned as possible vectors in this huge outbreak, this is the first time they have been linked to illnesses. […]
Amy’s Recalls 184,000 Cans of Top-Selling Vegan Lentil Soup Yum.
Do not eat shredded iceberg lettuce from Taco Bell locations in Indiana, Kentucky, Michigan, Ohio, and West Virginia. https://www.cdc.gov/cyclosporiasis/outbreaks/07-26/investigation.html
I never knew there were so many different kinds of soy sauce. Lesson #13 is : know your ingredients. This can be why a dish, despite following the recipe exactly, tastes better than yours. 6 Types of Soy Sauce Everyone Should Know – https://thewoksoflife.com/6-types-of-soy-sauce-everyone-should-know/ Memo to Self – Don’t be discouraged to learn there are […]
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.