Debt Disasters

School starts in TN in two weeks. This summer has been something else over here which (hopefully) culminated in a painful root canal last week. Yesterday, I arrived at the beach and dove into warm and wild waters. Instantly, I felt better.

And then, the balcony

Later this week, we will receive New Home Sales and put a final period on the selling season. With builder confidence coming down again in its latest report, it’s unlikely those sales will be anything to write home about.

Last week I mentioned those buckled columns at the former Pfizer building in NYC, but I could not let the story go as I knew there was much more to it especially when it was announced that the developer closed on its next project one week after the incident on East 42nd Street. A subscriber thankfully sent me some videos and down the rabbit hole I went. Please find below my discoveries including the tangled web we weave when debt makes literally everything possible. Today’s post will be shorter than normal with another post coming later this week to discuss builder results.

Feeling very blessed at the moment. I hope that you as well find some soul medicine as your summer winds down.