Dangerous Delta, eviction worries mount, NYC and the NYT, haunted house opportunities, and some civic duty.
In Today’s News
According to CoreLogic (NYSE: CLGX), some 293,685 single- and multifamily homes on the Gulf Coast — homes that would cost nearly $63 billion to replace — are at risk as Hurricane Delta makes landfall today on a track that takes it over areas already storm-lashed in recent weeks.
Why it matters: Besides lives and properties once again threatened, it really does make one wonder how long hurricane-prone coasts, especially the Gulf Coast, will hold allure for investors and, at the risk of sounding hyperbolic, even be insurable.
Millions of renters believe they will be evicted from their homes in the next two months due to eviction, according to a new survey by the U.S. Census Bureau.
Why it matters: This report in The Real Deal notes that nearly half of 8.3 million renter households say they are somewhat or very likely to be evicted in the next two months. That’s a grim reminder of the roil the economy and people’s lives are still in from the pandemic and adds urgency to calls for relief from Congress and the White House.
The recovery is tenuous, The New York Times reports today, but renters are returning, buyers are getting deals, and those who stayed are finding a measure of vindication.
Today on Millionacres
Millionacres’ Liz Brumer shares a rundown on seven purportedly haunted places you can stay for a night, or more if you dare.
Why it matters: Real life is so spooky right now that you might as well have some frightening fun.
Or you can meet some really scary characters, perhaps, by serving on a local planning and zoning committee.
Why it matters: As Millionacres’ Deidre Woollard points out, there are advantages to such service, besides serving your community. That includes learning a lot about commercial and other real estate issues plus really knowing what’s going on and where in terms of development. But it’s also a serious time commitment and could present conflicts of interest, and, potentially, put you in some uncomfortable positions. (But, at least in many jurisdictions, the committee’s decisions take the form of recommendations to a city or county council, so the buck can get passed.)
Get the ‘Dirt on the real estate market
Are you looking for the next hot real estate market? Want to know how new rules and regulations could impact your next home purchase or real estate investment? Would you like to find out which improvements to your property will get you the most bang for your buck? We cover all these things and more in our newsletter, Paydirt.
Sign up here to get our best insights delivered to you.
The Motley Fool has a disclosure policy. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from Millionacres is separate from The Motley Fool editorial content and is created by a different analyst team.