News & Analysis, Jan. 16, 2020

… the jobs are unstable and inconsistent — as in the Peytons’ case, paying too much to qualify for benefits one month, offering too few hours to qualify the next. That is the root of the problem, Comer said. But addressing it would be a lot more expensive than food stamps.

“If they could come up with a work program for these people to give them jobs and transportation and everything, I’d agree with that,” Comer went on.

What Happened When a State Made Food Stamps Harder to Get

Each month, the Bureau of Labor Statistics releases its Employment Situation report (better known as the “jobs report”) to outline the latest state of the nation’s economy. And with it, of late, have been plenty of positive headlines—with unemployment hovering around 3.5%, a decade of job growth, and recent upticks in wages, the report’s numbers have mostly been good news.

But those numbers don’t tell the whole story. Are these jobs any good? How much do they pay? Do workers make enough to live on?

Here, the story is less rosy.

Low unemployment isn’t worth much if the jobs barely pay

Good primer:

MMT Heaven and MMT Hell for Chinese Investment and U.S. Fiscal Spending

To retire at 65, American millennials need to save almost half their paycheck

… the DFAB House, measuring 2,370 square feet (220 square meters), needed 60% less cement and has passed the stringent Swiss building safety codes.

A Swiss house built by robots promises to revolutionize the construction industry

Coercing another government to make them accept a military presence that they have already rejected is nothing less than an illegal attempt to keep occupying troops in their territory.

Endless War Is a Racket | The American Conservative

No matter what you read in books or courses, real estate investing isn’t completely passive. Think you can just sit back, buy a property and fill it collecting rent every month and do nothing? I’m sorry but that isn’t going to happen. In order to run a successful real estate investment business, you must constantly manage it. And that means always being on the lookout for new members of your team.

It also means properly managing existing members of your team. You can’t just sit back and relax expecting your business to be successful. It takes constant work.

The Reality of Real Estate Investing: It’s Not as Easy as It Seems

… the Tax Cuts and Jobs Act (TCJA) offers investors and property buyers a 100% first-year bonus depreciation deduction. This tax break is available for filings from 2017 to 2022, after which it will be phased out.

How Does Real Estate Work With Your Retirement Goals?

12 Top Trends in Basement Design for 2020

Biden was an economics illiterate. He still is.

What Biden was expressing was a common sentiment among the centrist faction of the party in the 1980s and ’90s — the belief that old tax-and-spend liberals were out, and that a type of “New Democrat” was needed, one who understood the necessity of fiscal restraint. Cutting spending was the only way, he argued, to salvage what was left of the Great Society and New Deal. The mentality of Biden-style Democrats — that the best the party could do was play defense — was dominant for a generation; it’s now being fundamentally challenged not just in the presidential campaign but in congressional primaries across the country.

Fact Check: Joe Biden Has Advocated Cutting Social Security for 40 Years

2020 Economic Outlook for Landlords

“The pace of warming has increased about 500 percent since the late 1980s,” said one of the study’s authors, John Abraham, a professor of thermal sciences at the University of St. Thomas in St. Paul, Minnesota. “The findings, to be honest, were not unexpected. Warming is continuing, it has accelerated, and it is unabated. Unless we do something significant and quickly, it’s really dire news.”

Abraham and his colleagues found that the rate of ocean warming accelerated from 1987 to 2019 to nearly 4½ times the rate of warming from 1955 to 1986.

Earth’s oceans are hotter than ever — and getting warmer faster

Walmart’s Latest Tech Move Shows Why Grocery Store Real Estate Is In Trouble

Due to the booming economy and higher inflation and interest rates, average cap rates will rise across the U.S. We expect the increase in cap rates to be 1.0%-1.5% depending on the property type and location. This will be good news for buyers and the $200+ billion is capital that is sitting in private equity funds looking for new deals.

Top 10 CRE Investment Predictions for 2020

… surprisingly!—New York City is the eighth most affordable large city in the U.S., when you factor in housing and transportation costs alongside the city’s median income.

The top three most affordable cities with housing and transportation costs combined are Washington D.C., San Jose, and San Francisco, while the least affordable ones are Phoenix, Detroit, and Miami.

How transportation affects affordability in NYC

Wow again!

Krystal Ball: Warren’s identity politics smear backfired spectacularly

Saagar Enjeti calls out CNN’s outrageous conduct during debate