Topics discussed in this podcast include the state of the housing market, craft beer acquisitions, Amazon's influence on sellers, and the potential of converting office buildings into apartments.
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Quick takeaways
Americans have a high pessimism towards the housing market, with 82% believing it's a bad time to buy a house.
Converting old office buildings into residential properties could help address the housing shortage, potentially adding 400,000 homes to the market.
Deep dives
Craft Beer Brands Sold by Anheuser-Busch InBev to Canadian Cannabis Company Tilray
Anheuser-Busch InBev is selling 40% of its craft beer portfolio to Canadian cannabis company Tilray in an $85 million cash deal. This sale includes brands like Widmer Brothers, Red Hook Brewery, and Shocktop. The move indicates a shift in drinking habits, as spirits have surpassed beer in popularity. The sale and the rise of canned cocktails are impacting the craft beer market.
Antitrust Suit Expected Against Amazon, Possibly Leading to Breakup
The Federal Trade Commission (FTC) is expected to file a significant antitrust suit against Amazon, potentially resulting in its breakup. The suit may focus on how Amazon uses its power to influence sellers to use its logistics services. Despite customer satisfaction, concerns about antitrust practices and market dominance are being raised against Amazon, similar to Google. Meanwhile, Amazon's upcoming prime day in October will target holiday shoppers early, following the success of the July event that generated $12.7 billion in revenue.
Housing Market Faces Pessimism and Affordability Crisis, Potential Solution in Converting Office Buildings
Pessimism in the housing market is at an all-time high, with 82% of Americans believing it is a bad time to buy a house, while over 60% say it is a bad time to sell. Housing affordability is at its lowest level in 37 years, leading to a challenging market. To address the shortage, a new paper suggests converting old, vacant office buildings into residential properties. The National Bureau of Economic Research identified over 2,000 such buildings that could be transformed into eco-friendly apartment towers, potentially adding 400,000 homes to the market.
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