News: Real Estate, Risk, Economics. May 31, 2017

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Table of Contents
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1) Disaster teams: EF2 tornadoes with 125-mph winds tore through region leaving destruction in its wake | Local News | journalnow[dot]com

2) Forgotten macroeconomics in the manifesto debate — Prime Economics

3) How AR and computer vision will impact our lives for the better

4) Trump budget could have big news for Fannie and Freddie

5) Jumpstarting the market for accessory dwelling units • The Berkeley Blog

6) Regulating Short-term Rentals | The Regulatory Review

7) Toronto Homeowners Are Suddenly in a Rush to Sell – Bloomberg

8) Malicious Movie Subtitles Can Give Hackers Full Control Over Your PC

9) Zuckerberg Warns Harvard Grads About the Tech Taking Jobs | Digital – AdAge

10) Are development trends hurting the new and the high-end? | Capital Watch

11) The South Is Home to 10 of the 15 Fastest-Growing Large Cities

12) Minorities increasingly priced out of housing market

13) Fed faces a 'surprise' problem on US inflation | Reuters

14) Quake-Prone Alaska Hosts Plate Tectonics Research Effort

15) Hundreds of apps spying on users with ultrasonic tracking technology | Komando[dot]com

16) Link Between Low Wages and Low Productivity Growth: High Wages Make Low Productivity Jobs Disappear | The Center for Economic and Policy Research

17) Modern economics — pseudo-science based on FWUTV | Real-World Economics Review Blog

18) Better Soil, Better Climate | US Climate Resilience Toolkit

19) A welcome push from Minneapolis Fed to address economic disparities – StarTribune[dot]com

20) Rethinking the universalism versus targeting debate | Brookings Institution

21) 'Huawei FusionHome Smart Energy Solution' is its first residential product offering | PV Tech

22) Landlords to sue over Seattle cap on move-in fees for renters | The Seattle Times

23) Citing fraud, Florida insurers raise property insurance rates

  1.    Disaster teams: EF2 tornadoes with 125-mph winds tore through region leaving destruction in its wake | Local News | journalnow.com

    Add your comment. Including the article/link number will help.


  2.    Forgotten macroeconomics in the manifesto debate — Prime Economics

    If anything, the Labour Party manifesto is cautious ….

    Look, I like Jeremy Corbyn. I really do. However, the manifesto isn't cautious. It's ignorant. Sure, it's vastly more intelligent and economically aware relative to the Tories' neoliberalism, as the article rightly shows. That's not saying much (relative to how things really ought to be concerning how money is created and who gets to decide how much is created and where it goes and why). What the world needs is economic democracy. No nation has it. It's never even been tried.

    Add your comment. Including the article/link number will help.


  3.    How AR and computer vision will impact our lives for the better

    Over the last 25 years, the progress of computing has learned to mimic more complex human behavior — and now it can mimic the whole set of human behaviors.

    Add your comment. Including the article/link number will help.


  4.    Trump budget could have big news for Fannie and Freddie

    If we're still going to have securitization of residential mortgages, it makes sense to keep the standards high and to have it strongly regulated rather than completely privatized.

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  5.    Jumpstarting the market for accessory dwelling units • The Berkeley Blog

    Portland made it easy to build ADUs through a combination of zoning reforms, education and fee waivers.

    Add your comment. Including the article/link number will help.


  6.    Regulating Short-term Rentals | The Regulatory Review

    Zale argues that small-scale home-sharing platforms might, for example, encourage landlords to seek out the higher rents for shorter rental periods that are made possible through companies like Airbnb.

    While legislators and regulators grapple with how best to ensure a stable housing market, Airbnb recently proposed and implemented its own company regulations to help prevent its home-sharing platform from eliminating housing options currently available on the New York market. Airbnb's new regulations establish five pillars of housing reform aimed at supporting the goals of the New York legislature: single-home shares, registration, clearly established rules, insurance platforms, and tax collection.

    I understood the motivation to rent out via Airbnb; however, I also understood, and still do, the motivation to be firmly opposed to allowing an unregulated or under-regulated hotel or motel environment to spring up in one's neighborhood or building (whether an owner or long-term renter).

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  7.    Toronto Homeowners Are Suddenly in a Rush to Sell – Bloomberg

    How deep will the correction go?

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  8.    Malicious Movie Subtitles Can Give Hackers Full Control Over Your PC

    Add your comment. Including the article/link number will help.


  9.    Zuckerberg Warns Harvard Grads About the Tech Taking Jobs | Digital – AdAge

    Mark Zuckerberg is growing up. That's good. He doesn't yet understand Facebook as a political platform though. He thinks it's mainly supposed to be about being touchy-feely / warm and fuzzy and making ad dollars via the lowest common denominator "cultural" whatever.

    He's sounding a bit pessimistic about the realities of automation.

    I know the plutocrats are going to be forced to confront the Universal Living Income. The sooner, the better.

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  10.    Are development trends hurting the new and the high-end? | Capital Watch

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  11.    The South Is Home to 10 of the 15 Fastest-Growing Large Cities

    Ten of the 15 fastest-growing large cities were located across the South in 2016, with four of the top five in Texas, according to new population estimates released … by the U.S. Census Bureau.

    Add your comment. Including the article/link number will help.


  12.    Minorities increasingly priced out of housing market

    While the lending bar may be higher for everyone, for minorities, who McCargo notes often have fewer assets and lower credit scores, getting a mortgage loan has become even harder.

    "Right now loans that are being made in the United States are the most pristine quality loans that we've seen … ever," McCargo remarked.

    According to the Center's statistics, in 2001 the national mortgage default rate stood at 12 percent. It jumped up to 16.5 percent during the recession, but now sits at just five percent.

    That's good and bad. It's good that standards are high so that people won't overextend. It's bad that people can't have affordable housing whether owning or renting. Lowering lending standards is not the solution.

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  13.    Fed faces a 'surprise' problem on U.S. inflation | Reuters

    Pretty much nobody wants to hear "told ya so" unless agreeing all along. Hopefully you agreed all along.

    Of course, this doesn't mean the Fed won't be foolish and go ahead and tighten. I think they won't tighten, but they've disappointed before. I just hope they've learned. Holding one's breath isn't going to help though.

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  14.    Quake-Prone Alaska Hosts Plate Tectonics Research Effort

    Alaska averages 40,000 earthquakes per year, with more large quakes than the other 49 states combined ….

    Add your comment. Including the article/link number will help.


  15.    Hundreds of apps spying on users with ultrasonic tracking technology | Komando.com

    Add your comment. Including the article/link number will help.


  16.    Link Between Low Wages and Low Productivity Growth: High Wages Make Low Productivity Jobs Disappear | Beat the Press | Blogs | Publications | The Center for Economic and Policy Research

    If this is true, as the labor market tightens and wages start to grow more rapidly, we should see productivity increase more rapidly.

    If wages start to grow is a big if, since the powers that be seem determined not to share the profits. If automation really comes on quickly, wages could fall before we finally see the light and institute a universal living wage.

    Add your comment. Including the article/link number will help.


  17.    Modern economics — pseudo-science based on FWUTV | Real-World Economics Review Blog

    For the stats buffs …

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  18.    Better Soil, Better Climate | U.S. Climate Resilience Toolkit

    To hell with the cap-and-trade (Wall Street taking a cut) nonsense; but otherwise, this is great!

    Add your comment. Including the article/link number will help.


  19.    A welcome push from Minneapolis Fed to address economic disparities – StarTribune.com

    From everything I've read on him, Neel Kashkari strikes me as the best sitting president of any Federal Reserve Bank right now.

    Add your comment. Including the article/link number will help.


  20.    Rethinking the universalism versus targeting debate | Brookings Institution

    I'm definitely for a mix. However, "universal basic income" is the libertarian-capitalist answer. "Universal living income" is the progressive answer. I'm for the latter of the two for sure. There is zero reason to limit guaranteed income to basic rather than living.

    Add your comment. Including the article/link number will help.


  21.    'Huawei FusionHome Smart Energy Solution' is its first residential product offering | PV Tech

    Developments in this sector will be interesting to watch.

    Add your comment. Including the article/link number will help.


  22.    Landlords to sue over Seattle cap on move-in fees for renters | The Seattle Times

    There is absolutely nothing wrong with sympathizing with both sides of this issue. The answer is full socialism or subsidizing tenants and/or their landlords, not in turning small landlords into poverty-stricken tenants themselves. Subsidizing tenants or their landlords appears the quicker, more politically feasible path right now. What we can't do and expect civil harmony is to do nothing or to side completely with just one side over the other.

    Add your comment. Including the article/link number will help.


  23.    Citing fraud, Florida insurers raise property insurance rates

    Fraud hurts premium payers.

    Add your comment. Including the article/link number will help.

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