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Builders, meanwhile, are luring buyers with some perks but are barely budging on prices. That's partly because these companies have another place to turn: the rental market. Opportunistic investors — mostly small and midsize players, who own the vast majority of single-family rentals in the country — are happy to oblige. Builders have also started developing entire communities of single-family homes to be rented out rather than sold, a strategy known as build-for-rent. Their embrace of the rental market says more about the obstacles for buyers than for builders.
Persons: homebuilders, John Burns, Keith Hughes, , Horton, Don Mullen, they've, Adam Stern, Sean Morgan, Alex Offutt, Ray Sturm, Sturm, Selma Hepp, It's Organizations: John Burns Research, Consulting, Builders, John, Houston, Owners, SFR, Sun, Dallas, Local, Business Purpose, Offutt Locations: Tampa , Florida, Carolinas, Nashville, Horton
A Beach Town Where Broken People Go to Disappear
  + stars: | 2023-07-14 | by ( Adam Sternbergh | ) www.nytimes.com   time to read: +1 min
It comes in the form of Dwyer Murphy’s second novel, “The Stolen Coast,” which offers all the abundant pleasures of those films, and more. It’s a twisty, enthralling heist yarn, sure, but what strikes you most is the confidence. The two hand shakers at the center of this story are Jack and Elena. Jack is a lawyer for the family business started by his father, an ex-spy. The business: hiding people, typically for shady reasons, by shuffling them around Onset, Mass., a small tourist town that’s just down the coast from Cape Cod.
Persons: Dwyer Murphy, , Dwyer Murphy’s, , CrimeReads, Murphy, Jack, Elena Locations: Cape Cod
THE EDEN TEST, by Adam SternberghA woman surprises her husband with a weeklong couples’ retreat in “The Eden Test,” Adam Sternbergh’s new thriller. Threat shimmers around their isolated cabin, though one suspects that nothing would force them to endure anything more painful than a week of “working on the relationship.”On their first date, three years earlier, Daisy licked a smudge of crème brûlée off Craig’s chin, a mischievous gesture that bound them together. They spent weekends together eating croissants and reading the paper, “its sections unfurled all around them like blueprints for some brazen upcoming heist.” “The Eden Test” shows how a couple in love can seem like a two-person army, fugitives from the outside world. As the novel’s epigraph, from Adam Phillips, puts it, “A couple is a conspiracy in search of a crime.”Now, Daisy and Craig appear less like co-conspirators than adversaries. The denim overalls that Craig used to strip off Daisy have become “those [expletive] overalls she always wears.” And Daisy is cleareyed about Craig’s failings, from his infidelities to his pretension about restaurants, “as though he’d studied in the finest culinary schools of Europe, rather than being just another dude in Brooklyn with a credit card and a subscription to Bon Appétit.” Craig is preparing to leave her for his mistress, and Daisy hasn’t been entirely honest with him, either.
Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.
Kid Dynamite died in a car accident in Germany in 1963, leaving behind two children, including a son, Herman. Most of the more notable heirlooms, such as the mouthpiece to Kid Dynamite’s saxophone, Herman said, were donated by the family to the Amsterdam Museum. But what persists most potently of Kid Dynamite is his music. “It starts with a very long tone on the sax.”Kid Dynamite at the Sheherazade jazz club in Amsterdam in 1957. But now I recognize that intro, that long tone, as the departure of that boat.”— Sejla Rizvic
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