Old school, new life
An abandoned school—and neighborhood eyesore—in Pennsylvania has been renovated and rehabbed into a viable piece of real estate once again. It has happened thanks to a trio of business partners and now friends in Homestead,...
Who pays more taxes?
Benjamin Franklin wrote toward the end of his life, that “in this world, nothing is certain except death and taxes.” But while we’re all in the 100 percent death bracket, the federal income tax’s...
Right time. Right place.
Layoffs at American tech companies have become an opportunity for small businesses, as highly skilled workers look for new work. Small businesses with less than 250 workers employed 58 percent of the total workforce in...
Regulations stunts housing (still)
A new Pew Charitable Trusts study examining jurisdictions that reformed zoning finds far lower rent increases there than elsewhere. Zoning rules that severely restrict the construction of new housing are a major violation of property...
Housing block
California’s builders and YIMBYs are at loggerheads over a bill cracking down on ‘unchecked sprawl.’ Activists who would like to see more housing built and people who build housing for a living would seem...
How to turn meetings into strategic, fun engagements
I visit with executives every week, and a trend that seems overwhelmingly true is that many companies have calendars filled with uninspiring and unnecessary meetings. Zoom meetings, calls and conference room meetings are draining the...
FOL: Fear of layoff
On the whole, the U.S. job market is doing fairly well—the most recent national unemployment rate came in at a cool 3.5 percent. And yet, if you’ve been reading economic news lately, you might...
Software without a soul
With the release of AI tools like Bing Chat and Bard, people are starting to realize how helpful AI (artificial intelligence) can be to their daily lives. But as with most products used with...
Rents on the move
Yearly rent growth turned negative for the first time since the beginning of the COVID era. March rent levels dipped 0.40 percent following eight months of decelerating growth, and six months of single-digit growth...
Change the channel
Podcasts continue to grow rapidly all around the world. Podcast statistics and reports show that this medium is exploding in many countries with more listeners each year. Podcast stats tell more about how modern consumers...
NAHB Pillars of the Industry finalists 2022
As part of its mission to promote excellence in multifamily home building, the National Association of Home Builders (NAHB) has sponsored the Pillars of the Industry awards for more than 20 years. These awards...
The creators
“Beauty is the promise of happiness,” wrote 19th Century French writer Stendhal. Beauty “exalts the mind or spirit,” according to Merriam-Webster and “truth, beauty and goodness” are the eternal principles for which the soul...
High interest rates stymie apartment investment
Few are executing new deals amid uncertainty about how high rates will go, what properties are worth, how much rents and operating costs will grow and whether a recession is coming. Higher interest rates have...
The rent control bomb
Some of our nation’s politicians seem to know very little about basic economic principles despite constantly proposing legislative action on economic issues. Sen. Elizabeth Warren (D–Mass.) and Rep. John Bowman (D–N.Y.) now want federal...
The problem with property rights
Property rights cases, no matter the sector, are related to the multifamily housing business. One breach is every owner’s problem. Case in point: A Massachusetts town seized a farmer’s $370,000 property to cover a...