Economics/Class Relations

Reverse aging may be real

January 26, 2023
Hello, Insiders. Welcome back to real-estate week. We’ve been looking at homebuying in the remote-work era, from what’s going on in Florida to the rise of Zoomtowns. And today, I want to turn to something our team covers a lot: real-estate investing.

Interest rates shot through the roof last year, and mortgage rates followed. So does that mean all the hacks, tips, and ways people were apparently getting ahead in real-estate investing are busted in this environment?

Here’s what we know. People are turning more skittish on real estate. Home flippers are feeling the pain. Airbnb hosts are worried about an “Airbnbust,” with more competition than ever. It’s getting harder to own or manage a short-term vacation rental in places like Aspen and Montréal. And Goldman Sachs predicts home prices are about to plummet. So, it’s rough out there. Do you have a short-term rental property? We’d love to hear from you: insidertoday@insider.com.

— Nicholas Carlson

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The latest
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The big story
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So many people believe in conspiracy theories — and science may finally know why.

When it comes to the spread of conspiracy theories, Twitter was a maximum viable product long before Elon Musk. But as soon as he took the wheel, Musk removed many of the guardrails Twitter had in place — and conspiratorial ideation spread far and wide.

Anti-vaxxers used an athlete’s collapse during a game to revive claims that COVID-19 vaccines kill people. (They don’t.) Freelance journalists spun long threads purporting to show that Twitter secretly supported Democrats in 2020. (It didn’t.) Musk himself insinuated that the attack on Nancy Pelosi’s husband was carried out by a jealous boyfriend. (Nope.)

By some measures more than half of Americans believe at least one tale of a secret cabal influencing events, Insider’s senior correspondent Adam Rogers notes. Why does anyone fall for stuff like that?

New research suggests it isn’t because of ignorance or social isolation — but instead comes down to a far more prevalent and pesky personality quirk.

READ THE FULL STORY HERE
 

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Inside retail’s $95 billion problem. Insider visited Walmart, Target, Lowe’s, and Home Depot to check out the retailers’ anti-theft measures. The stores were full of spider wraps, surveillance cameras, and items under lock and key. See inside.
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How do you feed 100,000 people a day at the Golden Temple in India? How about feeding 75,000 kids daily — from a single kitchen? Insider traveled the globe to learn more about what it takes to make the biggest batches of food in the world.

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This edition was curated by Nicholas Carlson and edited by Hallam Bullock, Lisa Ryan, Dave Smith, Nathan Rennolds, Kevin Kaplan, and Shona Ghosh. Get in touch: insidertoday@insider.com.

 

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