Where Did My Renter Go?, The Cost of Staying Warm, and Solar Canals
Finally, we close with brief comments on Where Did My Renter Go?, The Cost of Staying Warm, and Solar Canals. First, renters continue to flee cities. After over a decade long boom, New York City data show Manhattan apartment rental vacancies at the highest level since 2006. This plunge in vacancies led to a massive drop in rents, with overall rents down over 10% including incentives. For landlords, it is: Where Did My Renter Go? Second, insulation demand continues to soar with the recovery in Housing. Insulation manufacturers, which put expansions on hold with the lockdown, find themselves sold out with no new capacity coming online until late 2021 or early 2022. With supply tight, price increases of 4%+ were recently announced with more expected over the next year. For those in need of insulation, The Cost of Staying Warm will continue to rise. And Third, India devised a novel method of providing solar energy without using up valuable land. It put the panels on floating structures on top of canals. Not only does this create electricity for villages in remote areas, but it prevents evaporation, providing a twofold benefit. This novel invention of Solar Canals is expected to be broadly used across the country and elsewhere in the world.
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