{"id":18001,"date":"2021-03-26T07:19:46","date_gmt":"2021-03-26T14:19:46","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18001"},"modified":"2021-03-26T07:26:37","modified_gmt":"2021-03-26T14:26:37","slug":"overnight-news-americas-wealthiest-people-are-about-to-discover-just-how-much-poor-undocumented-and-homeless-people-deserve-to-live-in-vacant-office-buildings","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18001\/overnight-news-americas-wealthiest-people-are-about-to-discover-just-how-much-poor-undocumented-and-homeless-people-deserve-to-live-in-vacant-office-buildings\/","title":{"rendered":"Overnight News: America\u2019s wealthiest people are about to discover just how much poor, undocumented and homeless people deserve to live in vacant office\u00a0buildings."},"content":{"rendered":"

\"Ya

\u201cIf \u2018Habitat For Humanity\u2019 cared about people and not virtue displays, they could rehab ten houses for the time and money is takes to build a new house \u2013\u00a0poorly.\u201d<\/p><\/div>I’ve been expecting this news for a while, but I didn’t know how it would play out. Given the incipient housing crisis ballooning on the border, I thought China Joe might make mention of it yesterday.<\/p>\n

Vide:<\/em> There is a huge surplus of effectively-abandoned housing building up in the rioted cities. No one is talking about this, but it is simple math: Massive exodus from urban to suburban leaves empty urbanity behind. Moreover, big cities are now bursting with emptiness in their inner cores, as every Ant who could scurried home and stayed there.<\/p>\n

Is the problem that poor people need better housing? Nah. Is it that all of China Joe’s newly-imported voters need places to live? Nah. Do we finally plan to actually “do something” about the homeless? C’mon! Get your head out of your ass.<\/p>\n

No, the problem is that the very wealthiest of Americans own a ton of urban dirt \u2013 and the value of those investments is \u2013 so far secretly \u2013 in freefall.<\/p>\n

Sometime very soon, expect to hear about a housing initiative that will convert underperforming office towers into grim government-owned tenements, instead.<\/p>\n

Two points, I think: First, if big cities become vertical homeless encampments, they will never come back. Second, if you own C- or D-quality rental housing in rioted cities, your best day to sell \u2013 forever \u2013 is probably today: The government’s handouts will be going to richer landlords in other neighborhoods.<\/p>\n

In other news:<\/em><\/strong><\/p>\n

The San Francisco Chronicle:<\/strong> S.F. has nearly 16 million square feet of vacant office space. Why can’t it become housing?<\/a><\/p>\n

Redfin:<\/strong> Housing Market Update: A Record 39% of Homes Sold Above List Price.<\/a><\/p>\n

Real Clear Education:<\/strong> The War on Merit.<\/a><\/p>\n

Joanne Jacobs:<\/strong> \u2018They sit and stare\u2019.<\/a><\/p>\n

City Journal:<\/strong> A Big Gamble: The Biden administration downplays the risks of its historically massive spending bills.<\/a><\/p>\n

Angelo Codevilla:<\/strong> American Exodus: Don\u2019t wait for the oligarchy to let you in. Just walk away.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIf \u2018Habitat For Humanity\u2019 cared about people and not virtue displays, they could rehab ten houses for the time and money is takes to build a new house \u2013\u00a0poorly.\u201dI’ve been expecting this news for a while, but I didn’t know how it would play out. Given the incipient housing crisis ballooning on the border, I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18001","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3282,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3282\/casual-friday-caption-this-photo\/","url_meta":{"origin":18001,"position":0},"title":"Casual Friday: Caption this photo","author":"Greg Swann","date":"June 27, 2008","format":false,"excerpt":"My entry: \"Because I happen to like Argyle socks, that's why!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3822,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3822\/caption-this-photo-president-bush-at-the-olympics\/","url_meta":{"origin":18001,"position":1},"title":"Caption this photo: President Bush at the Olympics","author":"Greg Swann","date":"August 9, 2008","format":false,"excerpt":"My entry: \"A gentleman always makes eye-contact.\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8385,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8385\/caption-me-this-magnum\/","url_meta":{"origin":18001,"position":2},"title":"Caption Me This Magnum","author":"Brian Brady","date":"May 13, 2009","format":false,"excerpt":"My vote?\u00a0 \"Who let Higgins in to your closet, Thomas? \" Sometimes, you just gotta have a sense of humor.","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3289,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3289\/shout-out-a-toast-to-life-abundant-and-caption-this-photo\/","url_meta":{"origin":18001,"position":3},"title":"Shout out a toast to life abundant — and caption this photo","author":"Greg Swann","date":"June 28, 2008","format":false,"excerpt":"Sez me: \"Bill Gates stole this facial expression from me and I want it back!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14685,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14685\/caption-obama-before-his-face-freezes-like-that\/","url_meta":{"origin":18001,"position":4},"title":"Caption Obama — before his face freezes like that.","author":"Greg Swann","date":"June 15, 2011","format":false,"excerpt":"My vote: \"I don't get it. This stunt always used to work with my Gammy.\"","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8372,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8372\/caption-this-photo-todd-carpenter-at-the-nar-mid-year-flamboozlepalooza\/","url_meta":{"origin":18001,"position":5},"title":"Caption this: Todd Carpenter at the NAR Mid-Year flamboozlepalooza","author":"Greg Swann","date":"May 12, 2009","format":false,"excerpt":"My votes: \"MIBOR? That's above my pay grade.\" And: \"No, this is not a clip-on tie!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18001"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18001\/revisions"}],"predecessor-version":[{"id":18003,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18001\/revisions\/18003"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}