There’s lots of data out there to suggest that there is a correlation between urban density and housing unaffordability. Take Hong Kong. It is very dense, and also one of the most expensive housing markets in the world. But I think the real question is:… Read More
All posts filed under “real estate”
Schwarzenegger’s real estate career
I grew up watching Arnold Schwarzenegger movies, and I have always found him to be a super impressive guy. Bodybuilding, movies, and politics — he always seems to have the discipline and the confidence to accomplish his goals. But what some of you may not… Read More
The most expensive home in Brooklyn’s Dumbo neighborhood
The most expensive home in Brooklyn’s Dumbo neighborhood is currently under contract and is expected to close in the next few months (at least according to the WSJ). It is a 4,270 square-foot penthouse, with a 500 square-foot terrace, that occupies the full top floor… Read More
The 12 best design districts around the world
Architectural Digest has just published the perfect article for gratuitous self-promotion. It is a list of “the 12 best design districts around the world”, and it includes The Junction, here in Toronto: Located in a tree-lined historic area of the city, The Junction gets its… Read More
What rich people plan to do with their money in 2023
Each year in March, Knight Frank publishes something called, The Wealth Report, which typically includes things like its Prime International Residential Index (PIRI) and a general overview of what ultra high-net-worth individuals (UHNWIs) are up to with their money. (An UHNWI is typically defined as… Read More
Single-exit housing in Paris
Lloyd Alter of Treehugger recently wrote about this infill housing project in Paris. Designed by Mobile Architectural Office (MAO), it is a 6-storey building with 6 residential suites (two of which are 3-storey triplex suites) and 1 ground floor non-residential space. Building section: But here’s… Read More
An interactive map of industrial space in southern California
Here is an interactive map, created by the Robert Redford Conservancy for Southern California Sustainability, showing the approximately 1,573,777,062 square feet of industrial space that can be found in Los Angeles, Riverside, and San Bernardino. The map allows you to zoom in on specific parcels… Read More
No more foreign buyers
Here’s the thing about housing: The delegates insisted on one hand that “housing is for living not speculation”, but on the other, emphasised the critical importance of real estate to China’s economic growth. In other words, things are complicated. We want housing to be affordable… Read More
What could happen in 2023
The central bank tightening and interest rate hikes that we saw last year will come to an end in the first quarter of 2023 as inflation gets under control. This will ultimately lead to a recession but my sense is that it will be more… Read More
A real estate sea change
Earlier this month, Howard Marks published a memo called “Sea Change“, where he argued, among other things, that it is “nearly impossible to overstate the influence of declining [interest] rates over the last four decades.” In fact, he goes on to say that he would… Read More