The Cities Traded Places, and the Lesson Is the Same

The Cities Traded Places, and the Lesson Is the Same

Tech workers left the Bay Area in droves, the Financial District emptied out, and every pundit had a “doom loop” headline ready to go. Meanwhile Miami, and Austin, and every low tax Sun Belt market pulled in the refugees. Ron DeSantis stood on stage with a map of San...
Gary, Indiana: The Next Rust Belt Market to Get Priced Right

Gary, Indiana: The Next Rust Belt Market to Get Priced Right

That is not a metaphor. It is the literal first move in an $80 million blight elimination campaign targeting 7,000 abandoned homes and businesses across a city that has lost more than half its population since its 1960 peak of 180,000. A downtown convention center is...
The Amenity Is The Development

The Amenity Is The Development

For two decades the standard mixed use formula was apartments over ground floor retail, maybe a courtyard, maybe a rooftop deck. That formula is tapped out. Renters and buyers have seen it enough times that it no longer commands the premium it used to, and lenders...
The Vacation Home Paradox: Who’s Left to Run These Towns?

The Vacation Home Paradox: Who’s Left to Run These Towns?

Nantucket just posted a 55% vacation home share. Half the housing stock on that island sits empty most of the year, waiting for a few weeks of use each summer. The median listing price is $4.9 million. Down the road in Vineyard Haven, it’s 54% and $2.5 million. In...
The Vacation Home Paradox: Who’s Left to Run These Towns?

The Vacation Home Paradox: Who’s Left to Run These Towns?

Nantucket just posted a 55% vacation home share. Half the housing stock on that island sits empty most of the year, waiting for a few weeks of use each summer. The median listing price is $4.9 million. Down the road in Vineyard Haven, it’s 54% and $2.5 million. In...