For many millennials, the affordable housing crisis has existed for the entirety of their adulthood. Despite this crisis being a prominent topic in political discourse, there doesn’t seem to be any improvements. Far too many low-income Americans are paying 70 percent or more of their incomes for housing, while rents continue to rise and construction of Read More
Insights
The Rockefeller Method to Building Wealth
Do you know how to build a legacy that will last 6 generations? It’s a tall order to even attempt it. We all have heard stories of the spendthrift heir that blows all their inheritance and dies penniless. Well, John D. Rockefeller wanted to make sure that didn’t happen to his heirs. Mr. Rockefeller wasn’t just an oil magnate who Read More
2019 Annual Real Estate Report
As we move into a changing economic environment we must focus on diversification into other markets where cost of acquisition is lower but job growth and wage growth is still strong. Ideally, we are looking for markets where the cost of new construction is higher than existing housing stock and the macro market shows good economic growth. National data as Read More
The Workforce Housing Crisis We Don’t Speak Explicitly About
It’s common knowledge that we’re going through housing crises in many American urban centers. Nearly half of all renters can’t afford rent and over half a million Americans are homeless on any given night X. While most of the discourse on the housing crisis tends to focus on affordable and low-income housing, workforce housing, which is a nuanced category Read More
The Rise of Socially-conscious Crowdfunding
The Jumpstart Our Business (JOBS) Act of 2012 introduced equity crowdfunding to the investment space, allowing small businesses and small investors to raise capital and build wealth. Crowdfunding is a new opportunity for non-accredited investors to give capital and receive various returns (like equity, merchandise, or early access) from a company. Read More
Affordable Housing is Necessary for the Economic Stability
The wealth gap in the United States is staggering. The wealthiest 1% of individuals control 40% of the nation’s wealth. 2018 created more millionaires than ever before yet millions are struggling with consumer debt, rising housing costs, inflation, and stagnant wages. If we can address the wealth gap the biggest political agendas would lose their teeth Read More
The Construction Workforce Shortage And its Impact on Real Estate
While unemployment rate remains a prominent topic in political discourse, nearly 40 percent of employers have difficulty filling jobs due to insufficient talent X. Worse off, nearly 80 percent of construction businesses are having a hard time finding qualified skilled labor. For context, there are currently more than 140,000 vacant construction positions Read More
Fast and Secure Wi-Fi Should be a Public Utility Across the United States
Although not explicit, the Declaration of Independence’s promised rights to life, liberty, and the pursuit of happiness surely implies access to basic goods—services and resources such as water, electricity, and sanitation, without which life is virtually impossible X. In the 23 years since the passing of the Telecommunications Act of 1996, the internet, Read More
Choosing a Self-Directed IRA: What, Why, and How
You’d be hard pressed to find a working professional who does not understand the importance of setting money aside for the future. It comes as no surprise that employers contribute to or offer to match their employee’s contributions to 401(k) or 403(b) retirement accounts as part of compensation packages. However, those aren’t always enough to give a retiree Read More
Here’s the Real Reason Housing is so Expensive
Rent growth is unsustainable. Here’s why. It doesn’t matter how much people complain, rental housing rates are not coming down (for normal people). Rents have been outpacing inflation and wage growth for the last few years and isn’t yet showing signs of slowing down. Now that the problem affects working professionals instead of only low-income households Read More