Capital Markets Products; Training and Events, Some Today; Stearns’ Rumblings


Posted To: Pipeline Press

I apologize in advance for the length of today’s commentary, but there’s a lot going on! Ask any economist if rent control works, and they’ll say, “No.” But that didn’t stop California’s Assembly from voting in state-wide rent control which the Governor is expected to sign. In terms of pure supply and demand, wanna buy a church ? Go ahead and deny that attendance of religious activities is down, but the decline in parts of the U.S. has led to a glut of religious buildings hitting the market as churches and religious schools fold, move, or attempt to offload underused facilities. In the past five years, 6,800 religious buildings have changed hands , and currently there are roughly 1,400 for sale . Some will go private, becoming coffee shops, apartments…(read more)

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