If you follow the mainstream real estate narrative, you would think nobody wants to build apartments anymore.Interest rates are too high. Construction costs are too high. Banks aren’t lending. Insurance is expensive. Deals don’t pencil. Developers are sitting on their...
I’ve spent years in this business, and if there’s one thing I’ve learned, it’s that the number on the tariff announcement is never the real number. The real number shows up 18 months later, buried in a bid you already signed.Over the weekend,...
Bessent made his case on wages. Bank of America has after-tax pay for lower-income households up 5.2% year over year in July, ahead of the 4.2% gain for higher earners. PNC has the spending gap between its highest and lowest income customers down to 0.1 percentage...
I get asked a version of the same question a lot. What does Kaufman & Company actually do. Fair question. We sit across real estate development, private credit, venture investment, and infrastructure, and we do it through a family of companies rather than one...
I’m Gen X. I was on Myspace before most people even knew what it was, back when AIM away messages were still doing most of the heavy lifting for how you presented yourself online. I customized my profile with HTML I half understood, copied off someone else’s page. I...
It’s a good story. It’s also increasingly not true, and the newest national data makes the gap between the narrative and reality impossible to ignore.I’ve spent this whole year pushing back on that story with data, not vibes, and the 2026 numbers just handed me the...
