"A judge blocks the foreclosure sale of Elvis' Graceland, after his heir alleges fraud"
A fascinating story, but what got me was the bit about Graceland being valued at $400 million. For 14 acres. That's about $28M per acre. That's approaching mid-town-Manhattan prices.
This how much Elvis was revered? Still an amazing draw? Can't think of any other person whose home has so much value.
Economic Growth, Inflation Still on Track to Slow as Interest Rate Volatility Continues
Fannie Mae - May 21, 2024
“We view economic growth and inflation as being on the same track as our prior outlook, and we continue to anticipate moderation as the year progresses.”
#Singapore’s private #homes again ranked as the #MostExpensive in #AsiaPacific with a median price of $1.32 million in 2023, after an influx of #WealthyImmigrants helped push that figure up 9.6% from the previous year, according to the Urban Land Institute’s 2024 ULI Asia Pacific Home Attainability Index published Tuesday.
Homes in #HongKong ranked as the 2nd most expensive in the region with a median price of $1.16 million..
What killed Red Lobster? Sure, blundered promotions, but that is not the big thing--they might have recovered from that. The big thing is PE & their propensity to kill things off, sucking marrow from the bone of generally productive concepts. Debt loading is one way, but also real estate shenanigans. Don't come in and pretend you're helping a company grow by selling off assets then making the lease them back at above-market rates. #DebtLoading#RealEstate#RedLobster https://www.cnn.com/2024/05/21/business/red-lobster-endless-shrimp-bankruptcy/index.html