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☆ How Wall Street's REIT giants are reshaping U.S. real estate
▼ + stars: | 2023-09-01 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

U.S real estate investment trusts today manage $4.5 trillion in real estate worldwide. KKR's real estate business is one of the big players in the REIT game. The KKR Real Estate Select Trust, which currently manages $1.5 billion in assets, paid a dividend of 5.4% to its investors in July 2023. said Billy Butcher, CEO of KKR's global real estate business. Watch the video above to learn the fundamentals of real estate investment trusts.

Persons: Billy Butcher, Sher Hafeez, Jones Lang LaSalle, Michael Pestronk, REITs Organizations: KKR, Trust, CNBC, Jones, P Global Investments, Post, Invitation Locations: Philadelphia

☆ American homes are shrinking, but it isn't making houses any more affordable
▼ + stars: | 2023-08-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +4 min

Yet, the cost per square foot has markedly accelerated over the same period, data from John Burns Research and Consulting shows. We saw increased prices across the board, and that's showing up in that increased price per square foot." Not only are prices per square foot going up, data suggests that contractors are less likely to build homes with a lower price per square foot. AdvertisementAdvertisementFurther double-digit jumps in price per square foot are less likely to materialize in the current environment. But as floor plans get smaller, price per square foot could stay stubbornly high.

Persons: John Burns, That's, Chris Porter, demographer, Porter, Redfin Organizations: Census, John, John Burns Research, Consulting, Builders, Service, Homeowners, Wall Street Journal Locations: Wall, Silicon, Indiana, Zillow

☆ G.O.P. Debate Draws 12.8 Million Viewers
▼ + stars: | 2023-08-24 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

The first Republican debate on Wednesday night drew an audience of 12.8 million viewers, according to Nielsen, indicating robust interest despite the absence of former President Donald J. Trump, the front-runner in the race. The viewership figure, which includes totals from both Fox News (11.1 million viewers) and the Fox Business Network (1.7 million), was significantly higher than anything else on television on Wednesday night, and outperformed the broadcast network totals combined. It was also the most-watched cable telecast of the year outside of sports, surpassing an episode of Paramount’s “Yellowstone,” which had 8.2 million viewers, according to Nielsen. The audience total, however, is a far cry from the record 24 million viewers who tuned in to Fox News for the opening Republican debate in the 2016 election cycle, which featured Mr. Trump on a debate stage for the first time. Nor did it reach the 18.1 million who watched one of the early Democratic debates in June 2019.

Persons: Donald J, Trump Organizations: Republican, Nielsen, Fox News, Fox Business Network Locations: ”

☆ Why it's not safe to shower, wash your hands, or even do laundry during a thunderstorm
▼ + stars: | 2023-08-03 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

But while at home, you should avoid showering, doing laundry, or using the sink during a storm. Instead, the motto might need to be extended to — when thunder roars, go indoors, but don't suds your body or wash your clothes. So you should avoid anything that involves water and metal like showering, washing your hands, or doing laundry while it's storming outside. SpaceXIf that were to happen, your injuries probably wouldn't be as severe as getting struck directly by lightning, Treadway said. "We really want to stress that when thunder roars go indoors, because being in that sturdy home or in a car is much much safer than being outside," he said.

Persons: Aaron Treadway, Treadway, you'd, it's Organizations: Service, National Weather Service, SpaceX, NWS Locations: Wall, Silicon

☆ International buyers of US homes have fallen to the lowest since 2009, the National Association of Realtors says
▼ + stars: | 2023-08-02 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Fewer foreign buyers are entering the market than ever, according to a report by the National Association of Realtors. A supply shortage, dollar strength, and difficulties in obtaining financing are among reasons cited for the decline. A supply shortage has had significant knock-on effects for foreign buyers of American homes. Buyers from abroad have declined to the lowest level since records began in 2009, according to a report published by the National Association of Realtors. Per the data, the number of existing homes purchased by foreign buyers from April 2022 to March 2023 fell by 14% to around 84,600.

Persons: – Organizations: National Association of Realtors, Service Locations: Wall, Silicon, America

☆ 'Oppenheimer' and the story behind those who lost their land to the lab
▼ + stars: | 2023-07-28 | by ( Andrew Hay | ) www.reuters.com time to read: +5 min

[1/2] The town of Los Alamos, New Mexico with Fuller Lodge and the "Big House" dormitories is seen in an undated photograph. "Oppenheimer had no qualms about displacing people from their homelands," said Gomez, who wrote "Nuclear Nuevo Mexico" about the setting up of the lab. Today Los Alamos County, where the lab is based, is one of the richest and best-educated in the United States. "There's no economic development in our areas because it's all focused in Los Alamos," said Cristian Madrid-Estrada, director of the regional homeless shelter in Espanola, Rio Arriba's largest town. The lab said over 61% of employees hired since 2018 were from New Mexico, with most of its workforce living outside Los Alamos County.

Persons: Oppenheimer, Cillian Murphy, Loyda Martinez, Martinez, Christopher Nolan's, Marcel Torres, Torres, dispossession, Myrriah Gomez, Gomez, Alisa Valdes, Mexico Rob Martinez, homesteader, Cristian Madrid, Estrada, Andrew Hay, Rosalba O'Brien Organizations: Fuller, of Energy, REUTERS, U.S . Army, Homes, Los Alamos National Laboratory, National Nuclear Security Administration, U.S, Department, Labor, University of New, Manhattan, Hispano, Los Alamos, U.S ., Thomson Locations: Los Alamos , New Mexico, New Mexico, Espanola, New, University of New Mexico, Nuevo Mexico, Abiquiu , New Mexico, Publicists, United States, Los, Mexico, Los Alamos County, Neighboring Rio Arriba County, Los Alamos, Rio Arriba's, Taos , New Mexico

☆ Ron DeSantis Is Young, Has Little Kids and Wants America to Know It
▼ + stars: | 2023-06-18 | by ( Nicholas Nehamas | Ruth Igielnik | ) www.nytimes.com time to read: +1 min

As top-tier presidential candidates go, Ron DeSantis is something of a rarity these days. He was born after the Vietnam War, he came of age when computers were common in American homes and he still has young children of his own, rather than enough grandchildren to fill a basketball team. Mr. DeSantis would be 46 on Inauguration Day if elected, younger than every president since John F. Kennedy. It’s a fact he doesn’t state explicitly, but his campaign has set out to make sure voters get it. He and his wife, Casey DeSantis, often speak about their young children, who are 6, 5 and 3 and have joined their parents on the campaign trail.

Persons: Ron DeSantis, DeSantis, John F, Kennedy, It’s, Casey DeSantis, — Organizations: White Locations: Vietnam, Florida

[1/5] Arlo Brownlee, an engineer, checks battery banks at GlidePath's Byrd Ranch energy storage facility in Sweeny, Texas, U.S., May 23, 2023. The battery rush also puts the Republican-controlled state at the forefront of President Joe Biden's push to expand renewable energy use. Reuters drew on previously unreported data and interviewed more than a dozen executives from private equity firms, utility companies and energy storage providers involved in some of the biggest battery storage deals for this report. But the legislation also contains provisions that industry groups said could encourage investment in battery storage. Miller said he expects ancillary market prices to "collapse" as more battery storage comes online.

Persons: Arlo Brownlee, Adrees Latif, Rhett Bennett, ”, Joe Biden's, Wood Mackenzie, Andrew Waranch, David Miller, Miller, Waranch, Dick Lewis, Andrew Tang, Chris McKissack, you've, McKissack, Nichola Groom, Laila Kearney, Richard Valdmanis, Suzanne Goldenberg Organizations: REUTERS, Korea's SK, Switzerland's UBS, Black, Energy, Texans, Republican, Reuters, U.S . Energy Information Administration, Developers, BlackRock, Jupiter, EnCap Investments, Korea's SK E, Vision Ridge Partners, UBS, SK E, SK, Mercom Capital Group, Reliability, of Texas, Spearmint Energy, Inc, Wartsila, Thomson Locations: Sweeny , Texas, U.S, BlackRock, Texas, California, Gridmatic

☆ The ‘Poor Souls’ Buried Without Their Fathers
▼ + stars: | 2023-05-29 | by ( Warren Kozak | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's worst and best from Kim Strassel, Kyle Peterson and Dan Henninger. Images: AP/Zuma Press Composite: Mark KellyIf Iraq and Afghanistan were the instant-video wars and Vietnam was the television war, then World War II was the war of the black-and-white photograph. Newspapers and magazines brought stark images from the battlefields into American homes every day. Few were more gut-wrenching than one taken on Okinawa of a father, Col. Francis Fenton , praying over the body of his dead son, Pfc. Mike Fenton .

☆ The Best Credit Cards with No Annual Fee
▼ + stars: | 2023-05-27 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +11 min

To help you pick the right option for your needs, Buy Side from WSJ has identified the five best no annual fee cards. (See all our Best Rewards Credit Card picks.) Best for travelDiscover it® Miles learn more Base rewards rate: 1.5xBonus rewards: NoneSign-up bonus: Unlimited miles match after first 12 monthsAnnual fee: NoneAPR: 17.24% to 28.24%, variableForeign transaction fee: 0%Many of the top travel rewards cards come with an annual fee (see our Best Travel Credit Cards picks for proof). How we pickedTo pick Buy Side from WSJ’s Best No Annual Fee Credit Cards we looked at personal and business cards that were free to swipe and that offered the most generous cash back or points rewards. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.

Persons: Kerri Anne Renzulli, you’ll, That’s Organizations: Wells, Cash, Capital, Walmart, Netflix, Hulu, Entertainment, Visa, Mastercard, Chase Ink, Chase, Owners, Best Business, Card, of America, Bank of America Locations: Wells

☆ The Best Credit Cards With No Annual Fee
▼ + stars: | 2023-05-27 | by ( ) www.wsj.com time to read: +11 min

To help you pick the right option for your needs, Buy Side from WSJ has identified the five best no annual fee cards. (See all our Best Rewards Credit Card picks.) Best for travelDiscover it® Miles learn more Base rewards rate: 1.5xBonus rewards: NoneSign-up bonus: Unlimited miles match after first 12 monthsAnnual fee: NoneAPR: 16.74% to 27.74%, variableForeign transaction fee: 0%Many of the top travel rewards cards come with an annual fee (see our Best Travel Credit Cards picks for proof). How we pickedTo pick Buy Side from WSJ’s Best No Annual Fee Credit Cards we looked at personal and business cards that were free to swipe and that offered the most generous cash back or points rewards. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.

☆ The biggest home buyers in America are now selling more property than they're buying
▼ + stars: | 2023-05-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Commercial property headwinds aside, today we're looking at the residential housing market, which is undergoing its own shifts, but not exactly in the same direction. Tell someone that the housing market is so unfavorable right now that the biggest home buyers in the country are actually net sellers now. American Homes 4 Rent, for example, bought 312 single-family homes and sold 666 to start the year. Similarly, Invitation Homes, the largest owner of single-family rentals in the US, bought 194 homes and sold 297 in the first quarter of 2o23. Naturally, the housing market has slowed down for everyday Americans, too, given the steep mortgage rates and lack of affordability.

☆ Housing market shifts are driving out some of the biggest home buyers in the country
▼ + stars: | 2023-05-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Institutional investors bought 90% fewer homes in the first two months of 2023 compared to a year ago. High rates and home prices have turned some big buyers into net sellers this year. That trend accelerated from the fourth quarter, when institutional home-buying activity slumped 79% from a year ago, according to Fortune. Among the institutional investors, American Homes 4 Rent was a net seller of homes in the first quarter, buying 312 single-family homes and shedding 666, per Fortune. Similarly, Invitation Homes — the largest owner of single-family rentals in the US — was a net seller in the first quarter.

☆ A Hydropower Renaissance, but Where Are the Giant Dams?
▼ + stars: | 2023-05-02 | by ( Mira Rojanasakul | Max Bearak | ) www.nytimes.com time to read: +10 min

Pumped Storage Hydropower, 1900-2040 Global map showing a concentration of planned pumped storage projects in China. Pumped Storage Existing Planned China’s momentum has allowed it to surpass Europe’s capacity for pumped storage. “Our data show that pumped storage is set to grow much faster than conventional dams,” said Joe Bernardi, who runs Global Energy Monitor’s hydropower tracker. UPPER RESERVOIR GENERATORS + TURBINES LOWER RESERVOIR When electricity demand exceeds supply, water is released to race downhill, spinning giant turbines. UPPER RESERVOIR GENERATORS + TURBINES LOWER RESERVOIR When electricity demand exceeds supply, water is released to race downhill, spinning giant turbines.

☆ Jeremy Grantham warns US house prices will drop, the S&P 500 could plunge 52%, and more banking problems may lie ahead
▼ + stars: | 2023-04-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Jeremy Grantham expects US house prices to slide over the next few years. The GMO cofounder sees the S&P 500 plunging as low as 2,000 points, a 52% drop. "It doesn't happen overnight, but housing casts a very long shadow and economically is more dangerous than the stock market," Grantham said. "I don't expect a crash but I expect house prices to drift back into more affordability," he added. The S&P 500 is likely to plunge between 27% and 52% from its current level of 4,130 points, he told CityWire.

☆ 'I hate him passionately': New court documents reveal Tucker Carlson's true feelings about Donald Trump
▼ + stars: | 2023-03-08 | by ( Natalie Musumeci | Sonam Sheth | ) www.businessinsider.com time to read: +10 min

Fox News host Tucker Carlson's true feelings about former President Donald Trump have been revealed. 'I hate him passionately'In one exchange, Carlson fantasized about not having to cover Trump after the 2020 election, saying that he "passionately" hated Trump. Referring to the decision desk staffers who made the Arizona call, Carlson texted: "Those fuckers are destroying our credibility. At another point in the same day, Carlson texted that "we've got to be incredibly careful right now. Tucker Carlson, who's ardently supported former President Donald Trump on his show, privately said he hated Trump, court filings show.

☆ A big landlord who controls 60,000 homes is funneling money into a political action group that could urge lawmakers to curb renter protections
▼ + stars: | 2023-03-02 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Corporate owners of US rental homes are being scrutinized for making homes unaffordable. The landlords that control thousands of homes are girding for a political fight over regulation. As tenant advocates met with the White House and pushed the Biden administration to take action on high housing costs in November, one of America's largest single-family landlords was preparing its own move. AMH, formerly known as American Homes 4 Rent, did not respond to an Insider request for comment. Companies like AMH, Pretium Partners, and Invitation Homes have been building large portfolios of homes across the country since the last financial crisis.

☆ Boomers Greed Ruined Economy for Gen Z, Millennials
▼ + stars: | 2023-03-01 | by ( Alex Yablon | ) www.businessinsider.com time to read: +14 min

The boomers' economy is brittle, stingy, and built on undersupply. While inflation may be cooling a bit, future prosperity for millennials, Gen Zers, and beyond depends on reversing this economywide bottleneck created by boomers. Boomers shrank the labor force they need nowThe baby boomers ensured the labor market of the generations after them would be inadequate in a few major ways. The boomer ethos on housing, which views homes not as places to live but as financial assets, is mirrored in the rest of the economy boomers made. They make loans, investment, and housing more expensive — putting the economy on a diet instead of growing the pie.

☆ Top Fox News anchor says the company has banned coverage of the Dominion lawsuit that revealed how Tucker Carlson and other Fox stars privately dismissed election conspiracy theories while peddling th
▼ + stars: | 2023-02-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Internal messages show how Fox News anchors privately mocked 2020 election conspiracy theories. Dominion, an elections technology company, filed a defamation lawsuit against Fox News in March 2021, accusing the media company of spreading conspiracy theories that claimed Dominion helped rig the 2020 election results. "It's dangerously insane these conspiracy theories," Fox reporter Lucas Tomlinson said to Bret Baier, host of Special Report. A search through FoxNews.com turns up zero recent stories regarding the Dominion lawsuit. "That is an actual threat to democracy and it points up the core problem which is we're not really very serious about democracy if we're using electronic voting machines," Carlson said.

☆ As Heat Pumps Go Mainstream, a Big Question: Can They Handle Real Cold?
▼ + stars: | 2023-02-22 | by ( Elena Shao | ) www.nytimes.com time to read: +4 min

Line chart that shows annual units of heat pumps and gas furnaces shipped, which is an approximation of sales, from 2002 through 2022. Heat pumps surpassed gas furnaces in annual sales in 2022 by a wider margin than ever before. 4 million units 3 million Gas furnaces 2 million Heat pumps 1 million 2002 2022 Heat pumps outsold gas furnaces in the U.S. last year. But even in cold weather, electric heat pumps are more energy efficient than the gas or oil furnaces that heat many homes. Even in cold weather, electric heat pumps are more energy efficient than the gas or oil furnaces that heat many homes.

☆ Wall Street has purchased hundreds of thousands single-family homes since the Great Recession. Here's what that means for rental prices
▼ + stars: | 2023-02-21 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers believe that Wall Street needs to back away from the market. Khanna is the lead author of the Stop Wall Street Landlords Act of 2022. "What's outrageous is your tax dollars are helping Wall Street buy up single-family homes," he said in an interview with CNBC. Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes have each bought thousands of homes.

☆ Billionaire Grant Cardone says he and other real estate investors will 'save the day' and prevent a home price crash
▼ + stars: | 2023-02-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

High home prices and mortgage rates have sparked a downturn in US real estate. Grant Cardone, a billionaire real estate manager, says investors will prevent that from happening. While the housing slump is escalating this year, there's a brighter future ahead, billionaire real estate fund manager Grant Cardone told Benzinga, as published by Yahoo Finance. As the real estate market softens, strategists at Goldman Sachs projected various markets, including Austin and Phoenix, will likely see peak-to-trough home declines of more than 25%. Single family homes may be a new frontier for the billionaire known for authoring books such as How to create wealth investing in real estate.

☆ Dominion sued Fox News for $1.6 billion. Internal documents show the tech company is only worth $80 million at most, Fox says.
▼ + stars: | 2023-02-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Dominion sued Fox News for $1.6 billion, alleging it helped spread election conspiracy theories. "Even under the most optimistic projections," they wrote, Staple Street did not forecast Dominion would be worth "anywhere near $1.6 billion." "At no time did Staple Street so much as hint to its investors, auditors, or anyone else that Dominion could be worth $1.6 billion," they wrote. "Yet, when Dominion decided to file a lawsuit to punish FNN for reporting the President's allegations about Dominion, Dominion chose to claim that Dominion's value was 20 times their highest estimate." The $1.6 billion lawsuit, Fox News argues, will have a chilling effect on media outlets everywhere.

☆ I settled the gas stove debate with a $69.99 induction cooktop from Ikea
▼ + stars: | 2023-02-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Well, not at Ikea per se, but on the Ikea website — where I purchased the Tillreda, a single-burner induction cooktop, for $69.99. I got a magnet; if it doesn't stick to a pot, the pot won't work on an induction plate. That meant I couldn't do stuff on the Tillreda like boiling soup and pasta, things that require a long time on an inefficient gas flame. "In cases like that, the heat losses for a gas flame really add up," McGee says. I tried one in a cast-iron pan on the induction plate.

☆ 8 investments to make now as the Federal Reserve risks a recession by going 'way overboard' in raising interest rates, according to 7 top economists and strategists
▼ + stars: | 2023-02-02 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since March, Rosenberg has warned that by trying to crush inflation, the Fed would inadvertently kill the economy as well. "I think that the odds now are that it's going to be more severe than people think because the Fed has gone way overboard," Rosenberg said of a recession. The contrarian view: With inflation falling, a recession is no guaranteeHowever, not every strategist thinks that a recession is a sure thing. But what I think we can see is the Federal Reserve is overdoing it and eventually, the Fed will have to cut rates." Fittingly, Parker's bets are contingent on his view that the US economy won't suffer from a severe recession.

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