Real estate

Ethics Group Will Sue Trump On Monday Over Foreign Government Payments

Trump is barely two days in office, and already a lawsuit is set to be filed against the newly inaugurated president. According to press reports, a group of lawyers, including former White House ethics attorneys will file a lawsuit on Monday accusing the President of allowing his businesses to accept payments from foreign governments in violation of the U.S. Constitution.

Politicians Across America Continue Push To Make Protesting Illegal

It is becoming increasingly apparent that dissent is being criminalized not only nationwide but on multiple fronts. Increased regulations are appearing that limit the public spaces that can be lawfully occupied in protest. Meanwhile, legislation is also being introduced to increase the negative consequences for newly unlawful protests.

Pound Plunges After UK Retail Sales Crash Most Since 2011

The post-Brexit euphoria appears to have abruptly vanished in December as UK core retail sales plunged 2.0% month-over-month, the biggest drop since May 2011. Ironically, this crack in the 'Brexit Boom' occurred an hour before U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. Cable tumbled on the print (not helped by London home pre-sales plunging).

Frontrunning: January 20

  • How Trump Aims to Broadly Reshape Policy (WSJ)
  • Trump Calls for Unity at Opening Concert as Inaugural Festivities Begin (NYT)
  • Trump Takes the Reins of a Deeply Divided Nation (BBG)
  • Washington braces for anti-Trump protests, New Yorkers march (Reuters)
  • After the Parties, a Protest for the Ages (WSJ)

Will Real Estate Investors Take Over Airbnb?

In only 8 years, Airbnb has become a $25 billion company. Co-founder Brian Chesky often talks about how anyone can turn extra space in their home into an asset that helps them pay their rent, but the economics of short term rental sites Airbnb and VRBO also appeal to people who do not live in the house or apartment they rent out. This increasingly includes professional real estate investors.