Nashville’s Airbnb downturn is entering a new stage: investor liquidations.
And we’re starting to see listings like this, where an Airbnb owner is trying to sell for $400,000 less than they paid in 2022.
That’s a 40% collapse in just four years.
Even more remarkable, this townhouse is now listed for less than it sold for in 2020.
Meaning the entire pandemic housing boom has been wiped away.
Given how much inventory is now sitting on Nashville's housing market, this could be a sign of things to come.
Buying a home in this market? Don’t trust the asking price. See what any listing is actually worth:
https://t.co/nXb7WRppuD
California just became the first major grid system on the planet to generate more than 50% of its electricity from solar across an entire month.
Battery costs are falling rapidly, and utility-scale solar is among the cheapest sources of new power in the US.
Solar is the future.
BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings.
To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001.
At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just 11.7%.
By comparison, the bottom 50.0% of earners hold just 1.1%.
As a result, the top 10% of earners now own ~87.4% of all equity and mutual fund assets.
Asset owners are the only winners in this economy.
This is biblical.
A woman in her eighties. Ten years into Alzheimer's. Hadn't spoken a full sentence in five years.
Takes one, 5 gram dose of psilocybin.
She slept 19 hours and woke up and spoke for hours about her life, recognized family and held real conversations. She regained bladder control after five years, walked on her own. and dressed herself. Gains held for weeks.
This has quietly been a miracle month in medicine.
In the last 5 weeks we’ve got news on:
- retatrutide, the triple agonist GLP-1 from Lilly, basically melting fat and body-wide inflammation at record levels
- RevMed’s new pancreatic cancer drug showing unprecedented abilities to extend life
- small trial of a one-and-done PCSK9 gene editing therapy for slashing LDL cholesterol
- Mayo’s AI-assisted radiology showing vastly improved cancer detection
- this new therapy for metastatic solid tumors
This stuff is at varying levels of evidence. Retatrutide is ~100% on its way, other stuff needs more clinical trial data. But put it together and we’re maybe on the verge of majorly reducing the mortality of heart disease and cancer, the two leading causes of death in America.