Author: Wolf Richter

Hertz Bankruptcy Threatens to Make Mess of Used-Vehicle Prices with Burst of Pent-Up Supply

Hertz Bankruptcy Threatens to Make Mess of Used-Vehicle Prices with Burst of Pent-Up Supply from Wolf Street Here come the “bankruptcy-remote special-purpose subsidiaries” & $14.5 billion in rental-vehicle-backed securities. The stock market, other than Carl Icahn, smelled a rat for...

Used-Vehicle Market Begins to Unfreeze, Pent-up Supply Looms

Used-Vehicle Market Begins to Unfreeze, Pent-up Supply Looms from Wolf Street Now at least, price discovery can take place amid a more ample flow of vehicles. But the entire industry dreads a Hertz bankruptcy could cause lenders to liquidate its...

What Unicorn Money-Sinkholes Actually Disrupt

What Unicorn Money-Sinkholes Actually Disrupt from Wolf Street They have accomplished an amazing feat: losing tons of money year after year during the Good Times in what were profitable industries. By Wolf Richter. This is the transcript from my podcast last...

Airbnb Gets Disrupted. Hosts, “Super-Hosts” Try to Survive. Apartments in Prime Locations Suddenly Flood Rental Market

Airbnb Gets Disrupted. Hosts, “Super-Hosts” Try to Survive. Apartments in Prime Locations Suddenly Flood Rental Market from Wolf Street Big driver behind soaring rents — the “Airbnb effect” that removed countless properties from global cities’ long-term rental markets — reverses....

US Commercial Real Estate Prices Plunged in April, Mall Prices Collapsed

US Commercial Real Estate Prices Plunged in April, Mall Prices Collapsed Tenants’ collapsing one after the other without replacement has a pernicious impact on property prices. By Wolf Richter for WOLF STREET. Before the coronavirus, some segments of commercial real estate (CRE) were...

It Gets Rough for US Airlines: Why Buffett Dumped His Airline Stocks Though There Was Blood on the Tarmac, Which Should Have Been a Buy Signal

It Gets Rough for US Airlines: Why Buffett Dumped His Airline Stocks Though There Was Blood on the Tarmac, Which Should Have Been a Buy Signal Just can’t catch a break: Friday after hours, United disclosed it abandoned its junk-bond...