Tuesday morning news drop
BC Check-Up 2021 CPA BC Report The BC: Check-Up Live report focuses on demographic and housing activity across the province and in each of the province’s seven regional developments. BC Check-Up: Live focuses on the impact of travel restrictions during the COVID-19 pandemic—specifically, how these restrictions affected migration patterns and stunted BC’s previously rapid population growth. The report also examines demographic trends, including how the average age of British Columbians continues to rise. Finally, it assesses housing affordability, highlighting the surging cost of residential real estate, the lag in housing supply, and the increasing disparity between family income and housing prices. (CPA BC)
Condos Are in Uncharted Territory: The first generation of American condominiums is reaching old age. Are homeowner boards up to the task? (Slate)
What the condo collapse means for agents, sellers and buyers in South Florida “The condo market was on fire. There is no question that the condo market is going to take a hit because of the fear factor. I’ve already seen it in closings.” (South Florida Agent Magazine)
An Investing Truth: Roughly 80% of Stocks Are “Duds” Whether you’re measuring 19th-century whaling, early stage startups, or large stocks, you can’t escape this investing truth. Lots of losers and a few big winners. (Risk Hedge)
Is Moderna’s Vaccine Breakthrough Really Worth $100 Billion? The company’s hugely successful Covid shot sent the stock sky-high, but its hefty valuation comes with some big risks. (Bloomberg)
“I Don’t Think I’ll Ever Go Back”: Return-to-Office Agita Is Sweeping Silicon Valley As more of America gets vaccinated, executives—especially in tech—are facing a conundrum: a scattered workforce, employees enchanted by the WFH lifestyle, and million-dollar campuses standing vacant. (Vanity Fair)
The lie of “expired” food and the disastrous truth of America’s food waste problem Stop throwing your food away (Vox)
There’s A Stark Red-Blue Divide When It Comes To States’ Vaccination Rates But surveys have shown Trump supporters are the least likely to say they have been vaccinated or plan to be. Remember, Trump got vaccinated before leaving the White House, but that was reported months later. Unlike other public officials who were trying to encourage people to get the shot, Trump did it in private. (NPR)
Least Vaccinated U.S. Counties Have Something in Common: Trump Voters The disparity in vaccination rates has so far mainly broken down along political lines. For nearly every U.S. county, both the willingness to receive a vaccine and actual vaccination rates to date were lower, on average, in counties where a majority of residents voted to re-elect former President Donald J. Trump in 2020. (New York Times)
What about those downsizers? Downsizing is a topic that I’ve found to be difficult to get solid information on. You will find various surveys out there that say that either a large number of people end up downsizing or that most will stay put. A good article in the Financial Post making the latter case cited two surveys that indicated around 9 in 10 seniors intend to stay in their current home as long as they were able to. (House Hunt Victoria)
