The case for space
Personally, I’m a big fan of markets, but I’m not much of a city guy. I’ve lived in urban areas before, and to me the benefits just don’t outweigh the cost of the hustle...
Construction spending digs in as recession deepens
U.S. construction spending—an indicator of total spending on all types of construction—fell in August for the second month as the housing market moved further into a recession. Construction spending in September was estimated at “a...
Economic freedom falls in U.S.
The Fraser Institute’s 2022 Economic Freedom of the World Index report has been released. This year’s report covers the year 2020. The index development was led by Dr. James Gwartney in the late 1980s...
Property, properly
The term virtue refers to one’s character. Obviously, this conception of virtue implies that there exists a common human nature that allows us to identify certain characteristics that an excellent person possesses. Prior to...
How parents can promote resilience in the family business
As a professor of family business, I have been teaching the “next generation” for almost 20 years. As might be expected, my role has resulted in many conversations with parents of these next generation...
Rental snapshot
Homeowner vs. renter statistics reflect a decline in homeownership, with 35 percent of American households renting their home. The nationwide homeownership rate was 65.4 percent as of 2022/Q1, a 1.53 percent decline from the previous...
Money for nothing
In 1985, British rock band Dire Straits complained, “They ain’t workin’, that’s the way you do it; Money for nothing and your chicks for free.” The lyrics criticized the excesses of nouveau riche rock...
Unlocking a smart future
Smart technology is unlocking the door to a better experience for apartment renters, making management’s job easier and increasing the value of multifamily assets, say providers of smart apartment technology, the latest industry trend. Companies...
Filling in the gaps
Apartments properties are buried in packages—and more keep coming. Property managers still look for a reasonable solution that doesn’t cost too much. Short of hiring a human staff person to receive packages and watch them...
Ageless tech
With the current real estate market not exactly favoring the buyer due to the interest rate hike and soaring housing prices, the demand for rental units in multifamily properties continues to rise. And while...
Clean Water Act: Time to re-think
The Clean Water Act turns 50 this fall—and like most things at age 50, it no longer functions like it once did. Congress passed the Clean Water Act (CWA) on October 18, 1972, to combat...
Understanding the Great Resignation
Jonathan Haidt’s latest essay, “Why the Past 10 Years of American Life have been Uniquely Stupid,” calls attention to concerns related to how Gen Z has been raised. According to Haidt (and previously fleshed out...
Rent control doesn’t work, anywhere
Sweden’s rent control is widely touted by many who don’t understand economics as a model for how a property market should work. Young people in Ireland, for example, like to point to Sweden as...
Crabs and capitalism
If you put a crab inside a bucket, it will crawl out. However, if you put multiple crabs in a bucket, they will all stay inside the bucket. If any crab decides to attempt...
New national 988 mental health hotline
Americans can now dial 988 to get help for urgent mental health care and suicidal thoughts by dialing a new national three-digit hotline. The new three-digit dialing code is designed to be as easy to...
