A great deal of ruin in a nation
Asked if the loss of the American colonies would mean ruin for Britain, Adam Smith replied, “There is a great deal of ruin in a nation.” Even after the loss, Britain went on to...
Airing on the side of efficiency
Changes are coming in January that will impact multifamily developers and owners looking to install or upgrade their HVAC systems. Every six years, the Department of Energy (DOE) re-analyzes the effects of energy usage,...
Top multifamily operators band together, plan massive investment in real estate tech
The companies have invested $108 million in the fund, Real Estate Technology Ventures I, which will be used to invest in “disruptive real estate technology companies” in the multifamily industry.
According to the companies, the...
Three benefits that could come from the Metaverse
Facebook CEO Mark Zuckerberg recently announced the long anticipated new branding of the Facebook umbrella corporation, which includes Instagram, Facebook, Messenger, WhatsApp, and Quest. “We just announced that we are making a fundamental change...
Investor’s latest sweetheart: workforce housing
There is expected demand for an additional 4.5 million new apartments in the U.S. by 2030, according to data from the Workforce Housing Committee of the National Multifamily Housing Council, Washington.
What’s more, deal activity...
Land prices drop
Rising interest rates stress developers as they look for land to build on. But tough times may create opportunities.
Land prices are falling—for the first time in more than ten years. Apartment developers are asking...
The push for rent control
In November 2018, election ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing built after 1995, in addition to many older...
The fable of the bees
The fable of bees (or private vices, public benefits) was written in 1714 by Bernard Mandeville, who is today considered one of the first purveyors of economic theory. At the time of his writing...
The changing face of rentals: single-family
Second quarter data for 2019 reveal that approximately 42,000 homes were constructed as single-family built-for-rent homes over the last year—equal to the prior four quarter starts total—representing about 5 percent of single-family construction. Although...
Why does Hollywood hate real estate developers?
There’s a scene in the HBO drama The Wire where several Baltimore homicide detectives come to the realization that the murderous gangster they’ve been chasing for the better part of three seasons might have...
There’s an app for that
Today’s renters can shop for a new apartment from anywhere in the country, discover important details like local weather, demographics and statistics about cities and neighborhoods, as well as reviews of a specific community...
Apartment investors dig data
Utility management and benchmarking systems help property managers avoid fees, make smart investments and comply with the law.
Here’s one way to pay a lot less for power and water at apartment properties—stop paying late...
Business as unusual
As cities, counties and states begin loosening lockdown orders and allowing non-essential businesses to open, apartment owners are weighing strategies to ride out the economic disruption caused by the COVID-19 pandemic and finding slivers...
Class warfare and how the Vietnam war finally ends
“He got rid of the intellectual elites,” said my guide. “Brutal—but I think it saved our country. I mean, consider what happens to a place when workers are devalued...”
I was dazed by his words....
Pillars 2020: Stepping it up
The national obsession with counting steps in the pursuit of physical fitness has spawned a plethora of pedometers in the marketplace and a trend toward pedestrian-oriented neighborhoods in the multifamily world.
More than half of...
