From Al Tompkins | Poynter <[email protected]>
Subject Rents finally falling, or at least rising slower
Date December 7, 2022 11:29 AM
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Plus, a shortage of some over-the-counter medicines causes alarm, and if you’re into "passion assets," handbags are the hot collectible  Email not displaying correctly?
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The One-Minute Meeting

Apartment rents are dropping — a little — in some places. In other places, prices are at least rising slower. Let’s take a look at the latest rental report from Zumper. New York City leads the list for high rents, but the most interesting numbers come in the month-over-month and year-over-year comparisons. In many cases, apartment rents rose more than twice and even three times the national inflation rate.

Some headlines in recent days are implying that there is a critical shortage of over-the-counter medicines for children. And while there is a shortage, experts say it’s being overblown, at least for now. Experts add that a shortage of prescription medications such as acetaminophen and ibuprofen is due to a spike in demand and shouldn’t take too long to resolve. I’m not sure how much that helps concerned parents of sick children during what’s already shaping up to be a rough flu season.

Credit Suisse says handbags will be the best collectibles among all collectibles — and the least volatile of any asset class — over the next year. That’s according to a CNBC report on the topic of “passion assets.” Credit Suisse says handbag investments even outperformed the art market in recent years. That means people are paying six figures for the right bag. Someone even paid $400,000 for the perfect arm candy from Hermès.
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