Connect with us

Politics

Self-Storage Industry Wins During Pandemic

Published

on

Self-storage turned out to be a winner during the pandemic.

During the coronavirus pandemic, many businesses and industries took a severe financial hit, with small businesses often closing down permanently, but the act of storing one’s items grew in popularity, and the self-storage environment benefited from it.

According to The Wall Street Journal, “[s]elf-storage stocks have been big gainers since last year’s economic lockdown, outrunning e-commerce warehouses, rebounding malls and rental houses.”

Investors got rid of their stocks in self-storage when the coronavirus pandemic affected the world, but reportedly did so without realizing that there was a major uptick about to happen in the industry of renting storage spaces.

The Journal noted how Americans across the country moved furniture and items out of bedrooms and garages in order to transform those spaces into home gyms and work-from-home offices. Many people had to leave their campuses and move home or to remote places to live. In addition, businesses leased areas to store inventory due to concern over potential scarce availability of items. As the options for rentals decreased, the price in the rentals skyrocketed.

The Journal added:

Since Feb 21., 2020, just before the pandemic tanked markets, self-storage shares in the FTSE Nareit All Equity REITs Index have returned more than 85% between price gains and dividend payments. That compares with a roughly 18% return on the broader real-estate investment trust index, which tracks the performance of 153 companies that own income-producing properties, from cell towers to timberland.

Multi-Housing News, a real estate outlet, reported this month that even though self-storage leases continued to decrease for the third month in a row in November, the need for storage is still high.

It reported, “Street-rate rents dropped to 6.7 percent for the average 10×10 non-climate-controlled units, year-over-year in November, down almost 200 basis points from the previous month, while same-size climate-controlled units declined to 8.2 percent over the same time frame,” adding that in spite of “moderating rent growth, street rates remained stable by historical standards and no metros in the top 30 markets tracked by Yardi Matrix recorded negative rate performance for the standard 10×10 non-climate- and climate-controlled units.”

“A total of 24 markets registered 5 percent or higher rent growth in the non-climate-controlled category and 22 markets experienced the same growth in the climate-controlled category. Rent growth dropped to 2 percent or less only in a few metros, including Minneapolis, San Francisco, Portland and Washington, D.C.,” the outlet reported.

It added, “On a month-over-month basis, national street rates for 10×10 non-climate-controlled units fell $1 to $127 in November over the previous month, while for the similar-size climate-controlled units, rates declined $1 for the third straight month to $145.” However, the outlet noted that this shouldn’t be a point of worry ” as it is simply reflecting the traditional effects of seasonality.”

It also noted that there are more self-storage spaces being created, adding:

There were 2,943 self storage assets in various stages of development as of November. This included 719 properties under construction, 1,252 planned properties, and 476 prospective projects. The pipeline accounted for 8.8 percent of existing inventory, a 20-basis point increase over October numbers.

The stock market has also taken note of this development. Shares in Extra Space Storage Inc. have doubled their value since the start of the pandemic, and stock in Public Storage “has returned 73%. The S&P 500 index, to which both companies’ shares belong, has delivered a total return of about 41% over that time,” per the Journal.

Hedge fund Land & Buildings Investment Management LLC reportedly has a $41 million holding in Public Storage.

“We decided self storage is a great place to be in an inflationary environment,” said Chief Investment Officer and founder Jonathan Litt.

The Daily Wire is one of America’s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Politics

Hailey Bieber Details Terrifying ‘Life-Altering’ Mini-Stroke She Suffered And Procedure To Close Hole In Her Heart

Published

on

Hailey Bieber has spoken out in her “own words” about the “life-altering,” “scariest moment” of her life she had after suffering what she called a mini-stroke, and later underwent a procedure to close a hole in her heart.

The 25-year-old supermodel and wife of superstar singer Justin Bieber took to her YouTube channel Wednesday and opened up about the terrifying experience of being hospitalized last month after she suffered a blood clot to her brain that traveled through a hole in her heart between 12 and 13 millimeters, reported People magazine.

“I had, like, a very scary incident on March 10, basically,” Bieber shared. “I was sitting at breakfast with my husband, having a normal day … and all of the sudden, I felt this really weird sensation that kind of like traveled down my arm from my shoulder all the way down to my fingertips. And it made my fingertips feel really numb and weird.”

“Justin [her husband] was like, ‘Are you okay?’” she added, as she explained that she tried to respond to him, but she “couldn’t speak.” “The right side of my face started drooping; I couldn’t get a sentence out.”

“Obviously, immediately, I thought I was having a stroke,” the supermodel continued. “He thought I was having a stroke. Right away, he asked for somebody to please call 911 and get a doctor.”

Hailey said that where they were, there happened to be a medic who started asking her lots of questions and testing her arms, calling it definitely the “scariest moment” of her life. The model talked about how the “facial drooping lasted for probably like thirty seconds.” Her speech did came back, but her “anxiety” about what was happening just made “everything worse.”

“By the time I got to the emergency room, I was pretty much back to normal – [I] could talk, [I] wasn’t having any issues with my face or my arm,” Bieber explained.

She said scans revealed she had, in fact, suffered a “small blood clot” to her brain which was labeled a “TIA” [Transient Ischemic Attack]. Hailey told her followers it was basically like having a “mini-stroke.”

Doctors still weren’t sure what caused it, but she said it was widely believed it was a combination of birth-control issues, recently having COVID-19, and having just traveled “to Paris and back in a very short amount of time,” calling it a “perfect storm.”

Further testing at the University of California, Los Angeles, revealed Bieber had a Grade 5 PFO [a small opening in the heart that usually closes after birth]. The outlet said the hold measured between 12 and 13 millimeters. She later underwent a procedure to close the hole, and said it went “very smoothly” and she’s recovering.

“The biggest thing I feel is I just feel really relieved that we were able to figure everything out, that we were able to get it closed, that I will be able to just move on from this really scary situation and just live my life,” Hailey shared.

“If there’s anybody that watches this that has gone through the same thing or something similar, I definitely really empathize with you,” she concluded. “And I understand how life-altering and scary it is.”

Bieber, who’s the daughter of actor Stephen Baldwin and Kennya Baldwin, married her husband Justin in 2018.

Related: Hailey Baldwin Credits Christian Faith For Marriage To Justin Bieber

The Daily Wire is one of America’s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? Become a member now and join our mission.

Source link

Continue Reading

Politics

Wikipedia’s Left-Wing Bias

Published

on

I love Wikipedia. I donated thousands of dollars to the Wikimedia Foundation.

Before Wikipedia, all we had were printed encyclopedias—out of date by the time we bought them.

Then libertarian Jimmy Wales came up with a web-based, crowd-sourced encyclopedia.

Crowd-sourced? A Britannica editor called Wikipedia “a public restroom.” But Wales won the battle. Britannica’s encyclopedias are no longer printed.

Congratulations to Wales.

But recently, I learned that Wikipedia co-founder Larry Sanger now says Wikipedia’s political pages have turned into leftist “propaganda.”

That’s upsetting. Leftists took over the editing?

Sadly, yes. I checked it out.

All editing is done by volunteers. Wales hoped there would be enough diverse political persuasions that biases would be countered by others.

But that’s not what’s happening.

Leftists just like to write. Conservatives build things: companies, homes, farms.

You see the pattern comparing political donations from different professions: Surgeons, oil workers, truck drivers, loggers, and pilots lean right; artists, bartenders, librarians, reporters, and teachers lean left.

Conservatives don’t have as much time to tweet or argue on the web. Leftists do. And they love doing it. This helps them take over the media, universities, and now, Wikipedia.

Jonathan Weiss is what Wikipedia calls a “Top 100” Wikipedian because he’s made almost half a million edits. He says he’s noticed new bias: “Wikipedia does a great job on things like science and sports, but you see a lot of political bias come into play when you’re talking current events.”

Weiss is no conservative. In presidential races, he voted for Al Gore, Ralph Nader, and Barack Obama. Never for a Republican. “I’ve really never identified strongly with either political party,” he says.

Maybe that’s why he notices the new Wikipedia bias.

“People on the left far outweigh people on the center and the right … a lot [are] openly socialist and Marxist.” Some even post pictures of Che Guevara and Lenin on their own profiles.

These are the people who decide which news sources Wikipedia writers may cite. Wikipedia’s approved “Reliable sources” page rejects political reporting from Fox but calls CNN and MSNBC “reliable.”

Good conservative outlets like The Federalist, the Daily Caller, and The Daily Wire are all deemed “unreliable.” Same with the New York Post (That’s probably why Wikipedia called Hunter Biden’s emails a conspiracy theory even after other liberal media finally acknowledged that they were real).

While it excludes Fox, Wikipedia approves even hard left media like Vox, Slate, The Nation, Mother Jones, and Jacobin, a socialist publication.

Until recently, Wikipedia’s “socialism” and “communism” pages made no mention of the millions of people killed by socialism and communism. Even now, deaths are “deep in the article,” says Weiss, “treated as an arcane academic debate. But we’re talking about mass murder!”

The communism page even adds that we cannot ignore the “lives saved by communist modernization”! This is nuts.

Look up “concentration and internment camps” and you’ll find, along with the Holocaust, “Mexico-United States border,” and under that, “Trump administration family separation policy.”

What? Former President Donald Trump’s border controls, no matter how harsh, are very different from the Nazi’s mass murder.

Wikipedia does say “anyone can edit.” So, I made a small addition for political balance, mentioning that President Barack Obama built those cages.

My edit was taken down.

I wrote Wikipedia founder Wales to say that if his creation now uses only progressive sources, I would no longer donate.

He replied, “I totally respect the decision not to give us more money. I’m such a fan and have great respect for you and your work.” But then he said it is “just 100% false … that ‘only globalist, progressive mainstream sources’ are permitted.”

He gave examples of left-wing media that Wikipedia rejects, like Raw Story and Occupy Democrats.

I’m glad he rejects them. Those sites are childishly far left.

I then wrote again to ask why “there’s not a single right-leaning media outlet Wiki labels ‘reliable’ about politics, [but] Vox, Slate, The Nation, Mother Jones, CNN, MSNBC” get approval.

Wales then stopped responding to my emails.

Unless Wikipedia’s bias is fixed, I’ll be skeptical reading anything on the site.

COPYRIGHT 2022 BY JFS PRODUCTIONS INC.

The Daily Signal publishes a variety of perspectives. Nothing written here is to be construed as representing the views of The Heritage Foundation. 

Have an opinion about this article? To sound off, please email letters@DailySignal.com, and we’ll consider publishing your edited remarks in our regular “We Hear You” feature. Remember to include the URL or headline of the article plus your name and town and/or state. 

Source link

Continue Reading

Politics

Public Health England to blame for sending patients to care homes without Covid tests

Published

on

Speaking on condition of anonymity, Whitehall officials alleged that Prof Duncan Selbie, the former PHE chief executive, was ultimately responsible for informing Mr Hancock of the risks.

Prof Selbie is working as a senior adviser to the DHSC. Neither he nor the department responded to requests for comment on Wednesday.

Mr Hancock, who was replaced by Sajid Javid last year, claimed the High Court ruling had exonerated him and the had been cleared “of any wrongdoing” because PHE “failed to tell ministers what they knew about asymptomatic transmission”.

The High Court judges concluded that care home policies in March and April 2020 were “irrational” because they failed to advise that those discharged from hospitals “should, so far as practicable, be kept apart from other residents for up to 14 days”.

“Since there is no evidence that this question was considered by the secretary of state, or that he was asked to consider it, it is not an example of a political judgment on a finely balanced issue,” they said. “Nor is it a point on which any of the expert committees had advised that no guidance was required.”

After the ruling, Boris Johnson said he wanted to “renew my apologies and sympathies” to relatives who lost loved ones, adding: “The thing we didn’t know in particular was that Covid could be transmitted asymptomatically in the way that it was.”

However, the risks of asymptomatic transmission had been highlighted by Sir Patrick Vallance, the Government’s chief scientific adviser for England, who said it was “quite likely” as early as March 13 2020. Varying levels of risk had been outlined in papers from late January, the ruling said.

The judicial review was brought by Dr Cathy Gardner and Fay Harris, whose fathers, Michael Gibson and Donald Harris, died after testing positive for Covid.

‘Opens the floodgates for potential claims’

Paul Conrathe, a solicitor at Sinclairslaw who was instructed by both women, said: “It’s possible that care home providers and relatives who lost loved ones in the first wave could bring compensation claims. The Government was found to have acted ‘irrationally’ – that’s a very high legal hurdle.”

Nadra Ahmed, who chairs the National Care Association, said the ruling “opens the floodgates for potential claims to be brought against government policy”.

“This will be especially pertinent where the individual was not given a choice,” she said. “There will be a lot of people assimilating to the information as they consider if the loss of their loved one was premature, and holding the Government to account is the only way forward for them.”

Helen Wildbore, the director of the Relatives and Residents Association, said that the ruling proved “the protective ring around care homes was non-existent” and that older people were “abandoned at the outset of the pandemic”.

A government spokesman said it had been a “very difficult decision” to discharge hospital patients into care homes, taken when evidence on asymptomatic transmission was “extremely uncertain”.

The spokesman added: “We acknowledge the judge’s comments on assessing the risks of asymptomatic transmission and our guidance on isolation, and will respond in more detail in due course.”


‘He was in a home and should have been safe’

They stood outside the Royal Courts of Justice, two women unknown to each other before the Covid pandemic but brought together by tragedy, writes Tom Ough.

Cathy Gardner spoke first, delivering a steely reading of a statement. Matt Hancock’s boast of a “protective ring” encircling care homes, Dr Gardner said, was “a despicable lie of which he ought to be ashamed and for which he ought to apologise”.

Fay Harris, more downcast in demeanour but no less forthright, told journalists: “I have lost precious years with my wonderful Dad.”

Both women lost their fathers in early 2020, arguing that they might still be alive were it not for hospital patients having been discharged into care homes without having been tested for Covid.

Michael Gibson, born in 1931, had been a superintendent registrar of births and deaths. “He was in a home and should have been safe,” Dr Gardner told The Independent after his death.

Mr Gibson, who had advanced dementia, had fallen ill a couple of weeks before the first lockdown. Staff at his care home were unable to procure tests for Covid, but the virus is believed to have struck him down.

Source link

Continue Reading

Trending