Investor Weekly News Update | May 29, 2023

For a free e-version text “ebook” to: (587) 317-6099
Investor
Weekly
News
Update
Week of…
May 29, 2023
REAL ESTATE
INVESTING FORTHE
WORKING
PROFESSIONAL
WHO IS NOT LOOKING FOR ANOTHER JOB
WITH
LANE
KAWAOKA
SimplePassiveCashflow.com/investorletter

For a free e-version text “ebook” to 587-317-6099
Email: Lane@SimplePassiveCashflow.com
Consult: SimplePassiveCashflow.com/contact
Freebie: eCourse trial - text “simple” to 314-665-1767
FREE INVESTOR DOWNLOADTOOLKIT:
SIMPLEPASSIVECASHFLOW.COM/START
Weekly Report
All Report Videos - SimplePassiveCashflow.com/investorletter
US Economy Beats Back 'Dubious' Recession Fears After GDP, Jobs
Data Top Expectations
Source: https://finance.yahoo.com/news/us-economy-beats-back-dubious-recession-fears-after-gdp-jobs-data-top-expectations-202247838.html
1st quarter economic data showed the economy grew faster than
initially expected despite inflation coming in higher than first
noted.
“A combination of stronger growth and stronger inflation in Q1
make it even more likely that the Fed will see further rate hikes
as needed to cool activity enough to bring inflation back to 2%,”
Citi’s team of economists wrote in a note on Thursday.
But a resilient labor market with unemployment at its lowest
level since 1969 and consumers spending through inflation
pressures has economists questioning what once felt like a
straightforward path. “While we expect the Fed to leave rates
steady at its June meeting, the minutes from this month's FOMC
meeting made clear that a more significant loosening of labor
market conditions is needed to keep rate hikes permanently off
the table,” Oxford economics team of economists wrote on
Thursday.

Weekly Report
HUD Sees ‘Massive Drop’ In Multifamily Deal Volume, Slowing
Housing Production
Source: https://www.bisnow.com/national/news/affordable-housing/affordable-deals-on-the-downturn-as-need-is-on-the-rise-118853
● The pipeline of new affordable housing projects is drying up. As macroeconomic conditions make it more difficult for even
market-rate multifamily deals to pencil, developers trying to make the math work on affordable projects are struggling to crunch
razor-tight numbers.
This slowdown in affordable deals moving forward is evidenced by a precipitous drop in new loan volume at the nation's top housing
agency.
● The drop-off in deal volume at HUD reflects a slowdown in activity for new affordable housing projects at a time when housing
affordability in the U.S. has become increasingly dire. According to the National Low Income Housing Coalition, the U.S. faces a
shortage of 7.3 million rental homes affordable to extremely low-income renters, or those making less than 30% of the area
median income.With increases in interest rates, construction costs, labor shortages, we're seeing a drastic impact on the
production of affordable housing.
● One bright spot in the affordable housing landscape, experts said, is that it is higher on the federal government's agenda than
ever before. In its proposed budget released in March, the Biden administration asked Congress for $175B in affordable housing
funds.
“Half of millennials spend more than 50% of their income on rental expenses,” Chatman said. “When you start talking about 50% of the
largest population group now being challenged to be able to afford a place to live and suddenly it’s on the national agenda.”

Weekly Report
2023’s Most Affordable Cities for Home Buyers
Source: https://wallethub.com/edu/most-affordable-cities-for-home-buyers/121950
Most Affordable Cities For Home Buyers

Weekly Report
cont. 2023’s Most Affordable Cities for Home Buyers
Source: https://wallethub.com/edu/most-affordable-cities-for-home-buyers/121950

Weekly Report
Sam Zell, Billionaire Real Estate Investor, Dead At 81
Source: https://www.cnn.com/2023/05/18/business/sam-zell-dead-at-81/index.html
Sam Zell, the Chicago real-estate magnate whose knack for buying up distressed assets
turned him into a billionaire and earned him the nickname “grave dancer,” died on
Thursday, his company said. He was 81.
He founded Equity Residential. He’s an “iconic figure in real estate and throughout the
corporate world.”
Among his wide-ranging portfolio of investments were distressed assets in real estate and in
media, including an ultimately disastrous bet on the Tribune Company. Zell had a personal
net worth of $5.9 billion, according to the Bloomberg Billionaires Index.
Zell had a penchant for scooping up cheap real estate and selling it later at a profit, a
strategy he outlined in a 1978 article titled “The Grave Dancer,” which became his nickname
in the industry.
“I was dancing on the skeletons of other people’s mistakes,” he wrote.
But Zell’s impressive track record of successful bets was marred by a brief, unsuccessful
foray into media in 2007 when he orchestrated the $8.2 billion leveraged buyout of Tribune
Company.

Lesson Learned
“The Station” By Robert Hastings
Tucked away in our subconscious is an idyllic vision. We are travelling by train, out the windows, we drink in the passing scenes of
children waving at a crossing, cattle grazing on a distant hillside, row upon row of corn and wheat, flatlands and valleys, mountains and
rolling hillsides and city skylines. But uppermost in our minds is the final destination. On a certain day, we will pull into the station.
Bands will be playing and flags waving. Once we get there, our dreams will come true and the pieces of our lives will fit together like a
completed jigsaw puzzle. Restlessly we pace the aisles, damning the minutes - waiting, waiting, waiting for the station. "When we
reach the station, that will be it!" We cry. "When I'm 18." "When I buy a new 450sl Mercedes Benz!" "When I put the last kid through
college." "When I have paid off the mortgage!" "When I get a promotion." "When I reach retirement, I shall live happily ever after!"
Sooner or later, we realize there is no station,no one place to arrive. The true joy of life is the trip. The station is only a dream. It
constantly out distances us. "Relish the moment" is a good motto. It isn't the burdens of today that drive men mad. It is the regrets
over yesterday and the fear of tomorrow. Regret and fear are twin thieves who rob us of today. Regret is reality, after the facts. So stop
pacing the aisles and counting the miles. Instead, climb more mountains, eat more ice cream, go barefoot more often, swim more
rivers, watch more sunsets, laugh more, cry less. Life must be lived as we go along. The STATION will come soon enough.

Lane Kawaoka, PE
Lane@SimplePassiveCashflow.com
FREE PODCAST ON
ITUNES/GOOGLE PLAY
OUR COMMUNITY

The Easter Egg
Upcoming…
Free Book - SimplePassiveCashflow.com/book
Text “basic” to 314-665-1767 to get access to the Financial eCourse.
Text “remote” to 314-665-1767 to get access to the Remote Rental LITE eCourse.

Legal Notice and
Disclaimer
This presentation does not constitute the
rendering of legal advice or services. The
information being presented is intended for
informational use only and is not a substitute
for legal advice. State, national and international
laws vary, as do individual circumstances; so
always consult a qualified attorney on all legal
matters.

Investor Weekly News Update | May 29, 2023

Recommended

Recommended

More Related Content

More from Lane Kawaoka, PE

More from Lane Kawaoka, PE (8)

Recently uploaded

Recently uploaded (20)

Investor Weekly News Update | May 29, 2023