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A couple of months ago I wrote about the relationship between IPOs and home prices. It was in response to the current wave of tech companies -- most of which are headquartered in San Francisco -- that have gone public or are expected to go public this year (2019). What impact will this have on the city's housing market?
I cited this academic study on the topic, which already discovered a "positive and significant association between local house price changes and firms going public." But today I stumbled upon another interesting study by a San Francisco real estate agent, name Deniz Kahramaner, who happens to also be a Stanford-trained data scientist.
What Kahramaner wanted to figure out was, who tends to buy residential real estate in San Francisco?
So he started with title data and then scraped the internet to try and match up individual buyer names with specific companies and industries. Since not everyone has some sort of public profile and because real estate is sometimes held within a company, he was only able to traceback about 55% of home purchases in San Francisco last year.
Still, the data looks pretty clear. About half of the homes bought in 2018 were by individuals whose employment has roots in "software." The next biggest buyer segment was "finance."
The other interesting thing about this data set is that it shows where people have been buying (at least last year). Historically, the north end of the city has been the wealthiest, but the above data shows things moving in a southeasterly direction. Though, it remains to be seen what all of this will look like when the dust settles after this current crop of tech IPOs.
Chart: The Atlantic
Today most condos and apartments are designed with open concept (or open plan) floor plans. This generally means that the kitchen and main living areas are combined into one continuous and fluid space.
Part of this has to do with creating a sense of openness and part of this has to do with simply maximizing small spaces. When you consolidate spaces, you get to take advantage of occupancy overlaps.
But this isn’t a new concept. The roots of the open plan go all the way back to the turn of the 20th century with Frank Lloyd Wright’s emerging “Prairie School” of architecture.
Ian Bogost’s recent piece in the Atlantic called, “The Curse of an Open Floor Plan”, does a good job of explaining this history. He credits Wright with popularizing the open plan.
A couple of months ago I wrote about the relationship between IPOs and home prices. It was in response to the current wave of tech companies -- most of which are headquartered in San Francisco -- that have gone public or are expected to go public this year (2019). What impact will this have on the city's housing market?
I cited this academic study on the topic, which already discovered a "positive and significant association between local house price changes and firms going public." But today I stumbled upon another interesting study by a San Francisco real estate agent, name Deniz Kahramaner, who happens to also be a Stanford-trained data scientist.
What Kahramaner wanted to figure out was, who tends to buy residential real estate in San Francisco?
So he started with title data and then scraped the internet to try and match up individual buyer names with specific companies and industries. Since not everyone has some sort of public profile and because real estate is sometimes held within a company, he was only able to traceback about 55% of home purchases in San Francisco last year.
Still, the data looks pretty clear. About half of the homes bought in 2018 were by individuals whose employment has roots in "software." The next biggest buyer segment was "finance."
The other interesting thing about this data set is that it shows where people have been buying (at least last year). Historically, the north end of the city has been the wealthiest, but the above data shows things moving in a southeasterly direction. Though, it remains to be seen what all of this will look like when the dust settles after this current crop of tech IPOs.
Chart: The Atlantic
Today most condos and apartments are designed with open concept (or open plan) floor plans. This generally means that the kitchen and main living areas are combined into one continuous and fluid space.
Part of this has to do with creating a sense of openness and part of this has to do with simply maximizing small spaces. When you consolidate spaces, you get to take advantage of occupancy overlaps.
But this isn’t a new concept. The roots of the open plan go all the way back to the turn of the 20th century with Frank Lloyd Wright’s emerging “Prairie School” of architecture.
Ian Bogost’s recent piece in the Atlantic called, “The Curse of an Open Floor Plan”, does a good job of explaining this history. He credits Wright with popularizing the open plan.
Supposedly all of this will make it the largest airport in the world, which is pretty impressive considering Beijing Capital International Airport is already one of the busiest in the world. It too moves around 100 million passengers a year and is likely to overtake Hartsfield-Jackson Atlanta in the near term (if it hasn’t already).
But in addition to being the biggest and baddest, two other things stand out to me about the design of Beijing Daxing.
The first is its starfish design. This was done to minimize the amount of walking between security and gate. Check-ins happen in the middle of the starfish and then the most you’ll ever have to walk is 600m (to end of one of the limbs). That’s in line with what most people would consider a reasonable urban transit radius.
The second is the fact that the check-in area provides an aerial view of the gates below. You can see this layering in the photos from the Atlantic. This was done to create a visual connection between passengers and their family and friends. Usually, the goodbye waves happen at or before security. Here you get a bit more time. (Will security be an issue?)
For the full set of photos from the Atlantic, click here. I have a thing for airports, so I thought this was a great set.
Image: Wang Mingzhu via the Atlantic
Here is an excerpt:
In the February 1901 issue of Ladies Home Journal, on a single page between a portrayal on the “Life of an English Girl” and a feature asking, “Is the Newspaper Office the Place for a Girl?,” the then-obscure American architect Frank Lloyd Wright published plans for a home “in a prairie town.” It might seem like a strange host for architectural plans, but Ladies Home Journal frequently featured them, amid Rubifoam toothpaste ads, tips on what to do with cheese, serialized romance novels, and journalistic muckraking. It makes sense: Architecture is the foundation of home life, a matter largely relegated to women then—and still today, like it or not.
Many of the characteristic features of Wright’s “Prairie” style, as others would come to call it, are already visible in the 1901 design: a low-pitched roof, wide eaves, horizontal orientation, and a strong connection to the surrounding landscape. Inside, another feature is present, in nascent form: an early open floor plan, combining multiple rooms together into a continuous space.
Of course, at the time, the open plan was about much more than raw practicality and economic necessity. It wasn’t just about maximizing space and affordability. Here is another snippet:
For Wright, Neutra, Harris, and others, open design represented the promise of a new social ideal, one where fluid spaces would allow egalitarian integration. That aspiration continues, in a way, but the ideal is less communal and more individual: Open plan is where everyone does their own thing, but all together.
For Bogost’s full piece, which is worth a read, click here.
Image: University of Michigan Library via The Atlantic
Supposedly all of this will make it the largest airport in the world, which is pretty impressive considering Beijing Capital International Airport is already one of the busiest in the world. It too moves around 100 million passengers a year and is likely to overtake Hartsfield-Jackson Atlanta in the near term (if it hasn’t already).
But in addition to being the biggest and baddest, two other things stand out to me about the design of Beijing Daxing.
The first is its starfish design. This was done to minimize the amount of walking between security and gate. Check-ins happen in the middle of the starfish and then the most you’ll ever have to walk is 600m (to end of one of the limbs). That’s in line with what most people would consider a reasonable urban transit radius.
The second is the fact that the check-in area provides an aerial view of the gates below. You can see this layering in the photos from the Atlantic. This was done to create a visual connection between passengers and their family and friends. Usually, the goodbye waves happen at or before security. Here you get a bit more time. (Will security be an issue?)
For the full set of photos from the Atlantic, click here. I have a thing for airports, so I thought this was a great set.
Image: Wang Mingzhu via the Atlantic
Here is an excerpt:
In the February 1901 issue of Ladies Home Journal, on a single page between a portrayal on the “Life of an English Girl” and a feature asking, “Is the Newspaper Office the Place for a Girl?,” the then-obscure American architect Frank Lloyd Wright published plans for a home “in a prairie town.” It might seem like a strange host for architectural plans, but Ladies Home Journal frequently featured them, amid Rubifoam toothpaste ads, tips on what to do with cheese, serialized romance novels, and journalistic muckraking. It makes sense: Architecture is the foundation of home life, a matter largely relegated to women then—and still today, like it or not.
Many of the characteristic features of Wright’s “Prairie” style, as others would come to call it, are already visible in the 1901 design: a low-pitched roof, wide eaves, horizontal orientation, and a strong connection to the surrounding landscape. Inside, another feature is present, in nascent form: an early open floor plan, combining multiple rooms together into a continuous space.
Of course, at the time, the open plan was about much more than raw practicality and economic necessity. It wasn’t just about maximizing space and affordability. Here is another snippet:
For Wright, Neutra, Harris, and others, open design represented the promise of a new social ideal, one where fluid spaces would allow egalitarian integration. That aspiration continues, in a way, but the ideal is less communal and more individual: Open plan is where everyone does their own thing, but all together.
For Bogost’s full piece, which is worth a read, click here.
Image: University of Michigan Library via The Atlantic
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