Finding value in AI
Over the course of 2022 and early 2023, tech innovators unleashed generative AI en masse, dazzling business leaders, investors, and society at large with the technology’s ability to create entirely new and seemingly human-made...
Puss in Boots: The Last Wish reveals key to human happiness
The Roman Emperor Marcus Aurelius once offered a bit of stoic wisdom about the importance of being grateful for the things we have.
“Treat what you don’t have as nonexistent,” Aurelius wrote in “Meditations.” “Look...
Vacant apartments come from bad policy, not a conspiracy
On Halloween, 2022, some elected officials held a performative press conference to talk about “Zombie Apartments.” They claim property owners are engaging in a mass conspiracy to keep rent-stabilized apartments vacant in an attempt...
NAHB Pillars of the Industry multifamily winners 2022
“Through the pursuit of beauty we shape the world as a home and in doing so we both amplify our joys and find consolation for our sorrows,” said Sir Roger Scruton in his 2009...
Beauty will save the world
It is said that beauty preserves the human essence. Through time and modernity, styles will change but human nature, the truth at man’s core—remains constant. Behavioral scientists know this. Marketers know this. Those purveyors...
Free to build
The overregulation of American housing markets began in the nation’s coastal, educated, productive enclaves. Over time, how-ever, barriers to building have spread. Tony suburbs of Phoenix and Austin, which once left their builders free...
Shock to the system
Rising costs shock affordable housing developers followed by high interest rates and volatile construction costs.
Developers are dizzy from volatile construction costs and rising interest rates.
These costs shocked developers struggling to finance plans to...
Navigating uncertain times
If there is one word that best describes what’s impacting today’s multifamily market it’s uncertainty says National Apartment Association CEO Robert Pinnegar.
In the wake of the Federal Reserve’s seven interest rate hikes that began...
The affordability conundrum
A recent report by the Urban Land Institute has shined a light on recent growth in renter-by-choice households that is setting the past few years apart from prior cycles. The number of renters with...
Progress for NYCHA
The growing plan to save NYC’s public housing is heating up.
In 2023, workers will finish renovations at thousands of public housing apartments in New York City.
That might sound like a lot—but it’s just a...
Waters of the United States: The battle rages
WOTUS: Supreme Court
On January 18, U.S. EPA and the Army Corps of Engineers issued a final WOTUS rule that will overlap with a forthcoming U.S. Supreme Court ruling that will define jurisdictional waters under...
Full circle
Landlords pumped billions into apartment buildings during the pandemic. That bet could now go horribly wrong.
While offices have been going through a paradigmatic shift as more workers do their jobs remotely, apartment buildings have...
Business investment slumps
Orders for American-made durable goods have fallen as business investments slump—a sign of an economic slowdown.
The U.S. industrial sector has been falling into a slump after several years of rapid growth, with many economists...
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...
