CDC moratorium gets another thumbs down, coronavirus and construction, San Francisco rents down but not out, Women's History Month, and of opportunity zones and bitcoin.
In Today's News
Another Judge Rules Against CDC Eviction Moratorium
GlobeSt.com reports that a federal judge in Ohio has ruled the U.S. Centers for Disease Control Prevention lacks the authority to impose national eviction moratoriums.
The Millionacres takeaway: Like a recent Texas ruling, no injunction was issued, and that earlier decision has now been appealed. Since the new stimulus bill doesn't contain an extension past March 31, this may soon all be moot, except for creating precedent in case this happens later.
5 Charts That Summarize a Year of COVID-19 in Construction
Construction Dive talks here about how the pandemic has entailed profound change and disruption in the construction industry. Five charts and commentary examine developments in employment, architecture billings, the price of materials, construction backlogs, and contractor optimism.
The Millionacres takeaway: Interesting in and of itself because construction is the -- sorry about this -- foundation of all real estate, but a post-pandemic, stimulus-fueled boom will drive demand and prices even higher, one would think.
Bargain Hunters Score in San Francisco as Cheaper Rents Linger
Bloomberg reports today [subscription required] that while the crash is over in America's hardest-hit rental market, cheaper housing may be around for a long time to come.
The Millionacres takeaway: The writer here takes a broad look at this one market, showing how what's good for the goose is bad for the gander -- if the goose is renters and the gander are landlords.
Today on Millionacres
Commercial Real Estate Becoming More Diverse: Why It Matters
In celebration of Women's History Month (which takes place every March), we highlight an area where women have been historically underrepresented.
The Millionacres takeaway: Our Laura Agadoni writes that no one should just be given a high-powered job; people need to earn that spot. But more people need to be given the chance to earn it. And for women in CRE, those chances are coming more often now, which is good for everyone.
Opportunity Zone Investing as a Cure for Bitcoin Cap Gains Wallop
Those who bought bitcoin cheap -- or any other cryptocurrency -- and sold it for not-so-cheap in these days of soaring valuations may find themselves facing a humongous capital gains tax bill this year.
The Millionacres takeaway: Herein you'll find some details on how some of those gains can be used to access "the unprecedented possibility of unlimited tax-free upside in asset or business investment."