Wall Street Might Be Hurting Housing & Strava Exposes World Leaders’ Locations?
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Good morning, blue daily show. I'm neal framing and I told me how today what happens when a corporate landlord comes into your .

then how straw a is proving to be a major international security risk. It's thursday, october thirty first, and let's bride.

Good morning, and happy halloween. The one day of the year is acceptable for adults to look like a full at the office, and that is exactly what we've done. Toby want to describe to our listeners what we are dressed as.

I, I gotto give you credit because you clearly want the costume chAllenge between two of us this year. Neil is just head to toe in a silver reflective astronaut suit. Is this the one designed by pda for their mission to the moon?

IT is the product one?

Yes, you look fantastic. And myself, I am dressed as uncle sam, who'd evidently funds neils emissions to space. So we got a little couples of costs going right here.

Yeah, if you to want to check out what we look like and go to our youtube, also post on instagram later, you know, one other group of people points about this year's halloween. En, in particular, is kids in demand iwa. Because for the first time in nearly ninety years, they're allowed to go trick or treating on halloween night.

This is some deep midwest law right here I was. Capital hasn't allowed trick or treating on halloween since one nine hundred and thirty eight when IT banned the practice to crack down on vandal's ism. Instead, the kids are demon. I've gone door to door in their costumes on the night before halloween, known as beggars night. This year, though, bad weather was forecast for begger night, so officials decided to forgo tradition and allow the youth of the more to trickle treat with the rest of the country.

Tonight, I guess beggars can be choose, right? You can choose the trickle treat on alloweth now. So shout to more and congratulations for your first halloween trick or treating night. Now a word from our sponsor, but nobody nit is hello night. We will say you are rocking the heck out of that .

astronaut coffee. It's from banos, really? no. But banos does have out of this world range IT might not be able to outfit humanity first mission to mars. But this guy you covered for pretty every other occasion, of course. Yeah, great golf, waiting best tuxedos and suits out there.

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now I think you're just planning your own tus, toby, anywhere you go from mars to marriage, bo bos has a fit for you.

To find your fit had to a banos store near you or visit the noble stock comment code, brew twenty for twenty percent of your order. There is one sub group of the housing market that is more hated than the person who brings suki I caswell to the neighborhood. T luck.

Corporate land lords ever sense the P. E. Giant blackstone popularized the practice of snapping up family homes. In the wake of the two thousand eight financial crisis, institutional investors have flooded into the asset class.

That flood has created all sorts of headaches for the new homeowners trying to break into the market, existing home owners as they ride the rises and falls property values, and caught the eye of presidential candidates who want to crack down on their infiltration. On my Harris, I said that if elected, SHE will urge congress to pass the stop predatory investing act. I would cut down on the tax benefits corporate landor's are afforded for buying single family homes.

Despite the public study toward wall street landlords, they don't have a big presence in the national housing market yet. Nationally, landlords that have more than one thousand units in their portfolios owe just one percent of all of the america's family homes and four percent of all the houses that are rented out, but they are hungry for more.

And if these landlords keep buying houses at their current pace, there are share of the single family rental market could jump tendeth ld by the end of the decade, according to met life investment management. To be a lot of communities feel taken advantage of by these types of landlords. But how much of an impacts are these big investors actually having?

They are having a big impact. But in a concentrated subset of the housing market, there are handful of neighborhood s that definitely pop up on these institutional investors radar and say, hey, this is where good deals are to be found. The mostly clustered in place like George and north killing of texas of sun belt states that have these rippling housing markets.

They have bought more than a thousand homes, specifically in fifty three zip codes where their ownership hovers in that like five to twelve percent range. And that is where you are really seeing their impacts being felt is in these neighborhoods where they say this. This is where the deals are to be found. This is where we think we can charge above of media rents for these neighborhoods can fix up the place. And that is where we think we can find the most profit.

So actually, the lottery journal publishes article this week that dug into the home Prices and rent and rent Prices in those fifty three neighborhoods because this is a question that is vested a lot of people. How are institutional investors impacting the local housing market? We're trying to figure IT IT out whether it's an big impact or not, especially during this housing crisis.

So IT does look like home Price. Home Prices have risen more quickly than the average in those particular neighborhoods. Values in those fifty three zip codes have increased sixty four percent on average over the past five years, compared with a national rise of forty eight percent.

Then rents have also risen more than average in those neighbors. Ods media rents in those zip codes have reason thirty percent in the past five years, pared with twenty three percent gains for the us. Over all the question is correlation or causation. As you mentioned, these corporate landers, these wall street institutional investors, have very sophisticated algorithms where they identify up in coming housing markets that might grow organically faster than the national average. So but we do these analysis, were trying to find out what the impact is. We still don't yet know whether this is because of the or just messing with the housing market because they have they pay in cash and they can do all kinds of things that make values go up or it's just a natural growth of a have in the area that is experiencing a boo.

And there is one uh, some studies that share that maybe these influx of corporate lands could be good for the neighborhood. One university of texas study found that although they are extracting higher rents from people, they do invest in Better street lining in security measures, which on the whole leads to lower crime rates. Neighborhood, again, that might be a pretty generous interpretation of their presence in these neighborhoods.

The flip side is, though, that if maybe their algorithm changes and they see that the neighborhood is not producing the returns that they wanted to, they can fly in the mass, which does cause this huge Spike in for sAiling, which can depress housing Prices. So sometimes when they are coming in rising tide lives, all boats, maybe all property values are rising. Makes your house more valuable, also increased investment in the area. But on the flip side, when they leave, they can cause those Prices suit .

to create prompt automatic refunds. It's not a phrase you're typically associate with the airline industry when your flight plans go arrive, but prompted automatic funds is what you should expect after a new transportation department rule went into effect on monday.

The rule, which was introduced back in April, attempts to establish clear and consistent standards for when you, a passenger, are able to refund because your flight was subject to a significant delay or another disruption that left you seeing because in the before times, IT was the wild west could set their own definition for what constitutes a significant delay that trigger a refund. Each Carrier had their own and refund policy, and trying to get your refund required you to take the initiative, which often involve spending hours on the phone. Now, though there is a rule of the road, and airline is required to automatically process your refund without you even asking for if your flight is cancelled or significantly changed. Those refunds are due within seven days for credit card purchases and within twenty days for other payments to be there's a lot more in these rules that help out airline passengers. I only just scratch the surface.

I know, but the surface was great to scratch. It's a great. Oh my god, we've all been an airline perforator before. We are just on this endless cycle of trying to get talk to represented, to try to get a refund.

And then usually what you end up getting is an airline credit, which is fine, but it's not as good as just getting a phone and refine. Cash is king in this instance, but your right there is some more things within these this ruling that you are going to be entitled for a refund. Now one is if you're downside to a lower service class, you get a refund for the difference if your departure arrival from the airport is different from the one you booked refund.

If you go through a connection at a different airport, refund if you if the wifi isn't working on the plane and you paid for IT, that's a refund as well. In the big part is, is that now you just don't have to fight from like they do automatic get reivers on your your credit card, you don't have to go to bed for IT. So this feels like a very common sense thing. Airlines are obviously not all too happy about IT, but IT is a big win for consumers .

yeah so in a statement was out about the what the airline lobby is sing a airlines for america. They thought this rule. But really when they went to affect this monday, they said, we support the automatic refund rule and are happy to accommodate customers with a refund when they choose not to be read books.

So maybe not the most enthusiastic saving, but they're saying, okay, we'll do IT. They work quick to point out that they did pay customer funds forty three billion dollars between generations twenty twenty and december twenty twenty three, but who knows how long IT took the customers to get those refunds? Let's just talk about whether this is going to impact your fly.

Overall in america, I might not feel like IT, but there aren't that many significant delays. And by significant delays is for the first time, they set this standard, three for domestic fights, six hours for international flights. That doesn't happen too often.

Luckily, two point there. The average delay for a flight in the united states last year was fourteen minutes and in the average cancellation rate was two point percent. So it's not like, you know you're waiting in the area for twenty more minutes.

You gonna get a refund for your flight. But this will go to those education where it's just an absolute disaster. You like.

want my money back. So pbs was talking to points guy, who is this credit cards kind of guru, about this new rule change and his theory about why there's been that maybe a suspicious lack of push back from the airline es here. They do think that a change in administration could potentially water down or just get rid of these regulations.

So there are sort of in a way in simo because there has been uh if this rules in place last year, um this publication upgraded points estimated could have caused united american in the delta more than one billion dollars each and refund. So they are kind of playing their cards close to the west right now. But I do think we might see a little bit more push back if these rules stay in place or if there's a change in administration, we could see these rules water down or next entirely.

There is an inside joke amongst athletes that if you didn't post a workout on straw a, did not even really count. And that sort of thinking is getting security and body guards in trouble for revealing at the location of the targets they are supposed to be protecting. The french newspaper lamond found that you could easily approximate the supposedly confidential movements of high profile political figures like president joe biden, Donald trump, or commonly, hairs by snooping on the fitness habits of their body guard.

Secret service agents haven't posting the workouts to travel location data in all just like you or media. And it's not just in the us. Lamon's investigations also found that they attract the movements of french president and manual micron and russian president vlada mir putin.

In one case, they added a weekend trip to Normally taken by migron that was meant to be private, but wasn't due to a body guard travel. Post you anything for a kudos, I guess. I mean.

you know, I was screwing on show of the other day, and I was about to give some kudos for putin's body party was doing a really long run, doing a really fast, incredibl Epace. Then I realized, hey, way. The second maybe shouldn't be knowing this.

So this has been a problem with straw out for a while, because by default, map data gets published publicly and you have to go in and make the settings on private. We've been here before with strawy. When IT comes the U.

S. Military bases back in two thousand, they made this big deal of publishing this heat map of where everyone has run done an exercise. And they were like us. This is amazing of three trillion data points. Look at how cool this map is. And then researchers went in and said, uh, actually, we can find military installations they were not really supposed to know about, because soldiers are doing these runs on rava and posting, you know, the exact coordinate of the military bases in places like afghanistan that the public shouldn't really know about. So this is just another instance of straw, a mapping data coming to the four and raising privacy concerns.

and is not a small issue either. The newspapers journalists did identify twenty six U. S. Agent, twelve members of the french protection agency and and six members of the rush ffo, which is their vigiLance secret service.

That is a pretty significant amount of body guards and security personnel that all kind of giving hints as to where their a protective is supposed to be. And then it's not just location data comes from straw a that have had to problems before. two.

I mean, earlier this year, we spoke about the olympics or which is a gay dating APP was previously under scrutiny for allowing journalists to change the location and swipe on athletes in the olympic village, which in the twenty sixteen real olympics causes this big up work as a daily beest article, audit some athletes this year grinder crackdown said no more, uh, snooping on location. They did no more, uh, changing your location to kind of match with athletes in the olympics village. So this is just the tip of the iceberg. When IT comes to location based security breaches, sta va obviously is one that maps are very important. And you do want to show where iran, and you do want to get your kudos, but not when IT puts the the safety of your protective in jeopardy up next IT is halloween, but IT is also news numbers.

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Welcome to neils numbers, the segment where I share three stats from the week's news that will turn you into a walking talking with a pedia page. My first number might leave you frustrated because you know how long the united states elections are, how your bomb barred with ads when you just trying to watch foobar, how big money has seemingly taken over the political process.

Well, in that fellow americans, we are exceptional and not in a good way. And I lay IT after you with some numbers from the wall street journal. This U.

S. Election is said to be the most expensive ever, with spending reaching fifteen point nine billion dollars on all federal races. That's nearly double what the twenty sixteen rays cost and nearly triple the cost from elections in the early two thousands.

By contrast, when our neighbor canada held this election in twenty twenty one, the total campaign ill was sixty nine million dollars, about one twenty seventh, the Price tag per voter compared to the united states that not even that bad, U. S. Elections caused about forty times more per person than the U.

K. Are germany, and in twenty twenty president by and spent seventy times more than france, is a manual micron on their way to Victory. And then there's the bloated timeline.

The U. K. Election this summer. Last is just six weeks in the united states. They go on nearly two years. Tell me.

how did we get here? I mean, part of the answer is just size. U. S. Is a big country, but also we have a lot of expensive media markets. Pay, you cost a lot of money to reach voters in new york, in california.

We also elect a lot of people, lower rinking positions that are just filled in other democracies are actually voted on and voted positions in elected positions in the united states, which you need to put campaign money tours. Another reason is prime maries. In most european countries, political party just picked candidates rather than voters.

The same true in the us. Until the seventies, but then that was seen as a little undemocratic. So primaries became the main path. And nomination, which causes is an entire campaign cycle to be even elected as your, your candidate. So IT all just costs a lot of money here plus, uh, you mix in a couple of less regulations.

The united states, mostly whenever these campaign spending issues reach a court system, they say that they need to protect freedom speech, which means freedom to spend in this case. So a lot of different factories kind of are coming together to make us election. Just such a big black hole of money. yeah.

I mean, we just have unrestrained spending by anyone who wants to spend on a political election and leads to some truly outrageous sums. I mean, raf warnock, the democratic s center from georgia, you spent one hundred and eighty million dollars in twenty twenty on his campaign. That's just about the same amount of spending as the U.

K. Germany in canada's last elections combined. So just truly astronomical sums. Uh and if people are wondering why there's money in politics, well, here is your numbers to prove that out.

My second number is a google find so big there is no way the company could possibly pay IT because it's twenty four million times all the money that exists on earth. According to a state run russian news outlet, a russian court is fine. Google twenty twenty six to silver dollars, that two zero, six zero four six, followed by twenty nine zeros.

To put that in context, researcher nigel gold Davis, so that even if google gave russia everything the world produce this year, every day since the universe began, IT would only have paid about three percent of this fine. Okay, so what is this fine for? And how did they get so astronomical? The legal battle goes back years when a russian court find google after youtube suspended several russian news accounts to comply with U.

S sanctions. The original fine was just over one thousand dollars, but that number doubled every week. Google kept those channels offline and do to a lot of exponential returns. The fine has balloon to, as a judge on monday called a case in which there are many, many zeros.

I think that this goes down in history as the largest news number we've ever had. Like so far, IT is two point eight times ten to the twenty first power. Anytime you're bring in in powers that IT is a big number. The moscow times wrote that google is, quote, unlikely to ever pay the incredibly high find, which is an understatement of the century. Google, google's parent company alphabet, brought in three hundred and seven billion dollars last year, but that is not enough to crack into the amount .

of zeroes that is fine. And google has basically extracted himself from the russian market. So russia is suing all over the world, trying to get IT to pay this fine.

But IT doesn't appear like IT will or IT can. My final number is that scientists have observed the largest predation of an ever recorded caught devouring ten and million smaller fish in the span of four hours. In the newspaper, oceanographers in norway and M, I, T explained how they saw a massive group of cod wipe out.

About half of the captain gathered off the norwegian coast in a single morning. Episode happened in twenty fourteen, but the scientists were able to confirm IT for the first time using a new technique known as ocean acoustic wave guide remote sensing, in which you send sound waves that out into the ocean and they bounce off the fish that get in their way. So how this go down?

Each february, billions of capital, a small arctic fish the size of an ancho v migrate from the edge of the arctic I shed to norway in order to lay their eggs. The era of the coastline also happens to be on the same group. The cod travels to spd, so the two groups of fish pumped into each other, and the cod enjoys the biggest breakfast ever known. Red lobster wishes they could .

put up those numbers. They certainly do. This was solver show, and the code shall absolutely donat the capable.

And shall, it's not just that that technique, use this new a acoustic imaging to kind of pinpoint the two shows is that they can now differentiate between what the species were in the way that they are able to do. That was actually analyzing the ways that the different acoustic resonance of swim blatter came back. So they are little bouncing sound waves of bladder.

And then they were able to say, okay, this is captain. This is caught, caught, eat capline, caught. A lot of capable. And actually, I don't know. I got rid of all articles there. But yeah, just an incredible finding, saying that you found the biggest production of an ever recorded is just a very cool number. I feel bad for the careful .

don't that's about to say, don't feel bad. They're not going extinct. There are so many of these things out there.

The amount that were in the entire show, not the ones that were in, represents point one percent of all of the cabin that spd in that region. So their numbers are still plenty intact. The researchers were like, well, this is probably just happening all the time. We just haven't seen. So that's the pretty interesting part.

Now let's sprint to the finish with some headlines you may have missed up. First, the U. S. Economy stayed hot, with GDP expanding at a seasonally adjusted annual rate of two point eight percent for the third quarter of the year. That was a slight slowdown from the three percent growth posted last quarter, indeed, come in under economists expectations of three point one percent growth. I'd say though he was like bullying a spare after a couple of quarters where the economy was rolling strikes, but still on pace for a good score this year.

absolutely. Uh IT is a great GDP report. And then this morning, member, we talk yesterday, but we have those back to back to back economic reports, wedding day, thursday, friday, this morning we'll get the inflation report.

And with the strong economy and if inflation comes down to its lowest levels since two thousand and twenty one, which we're expected, that would absolutely signal a soft landing. Starbucks is making more big changes to its menu under new CEO. Brian, nick.

As part of its turnaround efforts, the chain said IT would no longer charge you extra for dairy substitutes like old milk, which could save some u us. Customers ten percent off of your lote. Nico said that substituting non daily milk is the second most requested customization by customers. Only adding a shot of a stressor told me the third charge has been a source of contention for a while. Remember, two years ago, a succession actor, gw themselves to the counter of a new ork city location to protest the fees for no dairy substitutes.

IT is a really fine tight rope that nickel is trying to walk here, because he has said that he was trying to resell the starbuck as a premium brand, but he's also not trying to raise Prices. So doing something like not charging for different milks does make his drinks more affordable without making the brands seem cheap. So I do see the rational behind IT.

The way they are trying to pinch panny here is by getting rid of some of those discounts you may see in the starbucks apps. So he's trying to raise the bottom line without torching the image um without raising Prices. So tough job for the guy, but I think this is a step in the right direction.

Ocean couple beyond o tried his best, but his viral intervention in game four of the worlds series where he reached over the right field while to restore the ball out of dodgers out field of mookie bets his glove was not enough to our a historic yis come back. Yankees did win game for, but last night son's couple bianco, who was banned from attending the game, the yankees a loss to the dodger, giving L. A.

Its eighth world's series title. Now, if this guy had inspired a yani rally, he'd go down in history. Maybe you even get to a statue, but he didn't.

And now is just a mean. He didn't. He's a mean now. And of course, who is his friend? Rob grant hok, apparently g knows him, is a friend, vouch for his character.

But in the end, the anche loss, which i'm happy about, and also the ankles gave those two tickets of the guys who were banned. Two, a pedia pediatric cancer patient and his family. Unfortunately, they didn't see a yankees Victory.

But also congrats the daughters and pretty freemen who was the MVP you're looking for some fresh power on the slopes of about fuji you aren't going to find any one day before november. Japan's talus mountain is still without its iconic snowcapped peak, making IT the latest time in the year that fuji has been without snowfall since records began one hundred and thirty years ago. This is very abNormal and the result of hotter temperatures last year, snow was first seen on the summer on october fifth. And the snowcat begins forming on october second. On average, this summer, japan had its joint hottest summer on record.

IT just looks not right. It's like when you save the eyebrowed off someone, you want this snow cap to be there, but it's just not there. Interestingly enough, fewer climbers actually hiked mount fuji this year.

I would have thought I had been more because IT IT usually becomes little impossible later in the year. But japan authorities have been cracking down on tourist there. They charge an entry fees.

They put a cap on daily numbers, which goes with the theme of over tourism m that we've talked about. So even though there's no snow up there, IT is still not as easily accessible because of this decision. Japan theories .

have made finally there at map, and you don't know what you might find for one P. H. D. Student at tulane university, IT was a lost mia city.

Luke all Thomas, the student said he was on something like page sixteen of google search when he found a laser survey map of the uka temper. And so originally done for environmental monitoring, you started crunching the data for archaic logical purposes. And he made the remarkable discovery of a huge mon city that had been recalled imm. By the jungle hundreds of years ago. At its peak, from seven fifty to eight, fifty, eighty, this ancient city may have been home to thirty to fifty thousand people.

Can you imagine it's going through gool and going await a second? I swear, that looks like an ancient mind city. And and then I actually ended up being, I know, obviously they had to use light are laser's technique to get to map the structures underneath.

But that is just the latest story of all the time, that on page sixteen of google, that is why you keep certains through google against. Usually I make IT do like the first three pages. They are, i'm done. But page sixteen and its hiding ancient wonders.

Let's wrap IT up there. Thanks so much for starting your halloween morning with us. Have a great day.

And for all the kids listening, we hope you get your hands on more Candy than your stomach can possibly andle. For any questions, comments or feedback, send an email to morning blue daily at morning blue dot com. And if you are enjoying this podcast, don't keep IT a secret. Share morning brew jelly with your friends, family and co workers to make their morning's writer. For those of you drawing a blank on who to share IT with, tobes here to inspire you.

I want you to share today's halloween d with someone you do want to go trick or treating with. I think you're never too old for a little begging for Candy, so maybe toss on a mask growing some door bell and get those king size Candy bars.

Let's roll the credits. Emily million is our executive producer. Ramel u is our producer. Olivia gram is our associate producer. U chana og a is our technical director. Billy mino is on audio here, and makeup lives that one house that gives you genoa bars on halloween. Devin mi is our cheap content officer and our shows, the production of morning .

great show of anal.

Let's run IT back tomorrow.