Metaverse Landlords Are Creating a New Class System

Immersion Imagery | Credit: Shutterstock Virtual landowners have found a way to put their investments to work, but with unintended consequences. For the modest price of 10,000 MANA tokens (or $7,000) per day, anyone can rent land parcel 27,87 in Decentraland, a 3D virtual world that runs on the Ethereum blockchain. Renting the plot would give the tenant the […]

New Survey Finds Inflation, Housing Costs And Eviction Threats Hitting Minorities Hardest

Minority communities have been the hardest hit financially by the current spike in consumer prices and housing costs, with high percentages of Black, Latino and Native American families reporting serious financial problems and even threats of eviction, according to a survey published Monday by the Harvard T. H. Chan School of Public Health, NPR and […]

Housing Market Enters Into Recession Here’s What To Expect Next

The housing cycle—which began its upward climb in 2011—has officially turned over. Simply put: We’ve moved into a housing recession. On Tuesday, we learned that homebuilders broke ground on 982,000 single-family homes in June. That’s down 19% since February, and down 16% from the same month in 2021. While it’s hardly a “blow out,” it’s […]

Your Sales Have Cratered. Rent Is Due. Now What?

Reetu Gupta’s timing could hardly have been worse. In early February, she moved four of her 10 employees out of a co-working space and into a private office in Bellevue, Washington. Her company, Cirkled In, makes a technology platform to link college recruiters with desirable high school students. Cirkled In started generating revenue at the end of 2019, and […]