Weekend Reading

Weekend Reading

1.“There’s a huge divergence between the ways that people are coming together in the other parts of their lives and the way they aren’t in the office,” said Mark Ein, Kastle Systems chairman. LINK

My take: Diverse and vibrant cities, with cultural and educational opportunities will be the big winners. With the rush away from metro areas, the Covid exodus is well over. Humans are not just interested in work, they’re interested in living their lives to the fullest, no matter the stage of life one finds themselves, quality of life matters. Assuming the increasing fires don’t drive people away, Colorado should be a winner. 

2. British households are facing the biggest fall in real incomes in 30 years as inflation gallops ahead of wage growth. LINK

My take: How will a deeply interconnected world respond to an inflationary period. Will it be a case of a rising tide lifts all boats, potentially preserving the US dollar as the global reserve currency of choice? The global rush to find safe havens to preserve wealth will likely keep housing values up for the foreseeable future. 

3. With the new remote workforce in mind, residences are designed and licensed to be shared—and monetized.  LINK

My take: The American Dream isn't to own rental property. Most people will likely still want a place to call their own, and when it comes to second homes, there have been schemes to share ownership stretching back many decades. Time-shares are nothing new, and mostly it's the developer who makes the big bucks. This is just the latest spin on it. 

4. Can bond issues be used to support affordable housing? LINK

My take: Our problem is not having land to build on. The planning reserve is squarely in the target. Boulder can and should also work with neighboring cities to increase affordable housing construction in places where it’s possible to build. Also work on interconnectivity. 

5. Where We Are in the Big Cycle of Money, Credit, Debt, and Economic Activity and the Changing Value of Money. LINK

My take: I'm a huge fan of Ray Dalio and while I agree with the conclusions of his studies on big cycles, we're also living in a far more interconnected world than ever before. This additional factor means there are few safe havens for the preservation of wealth because all governments globally are inflating. Capital is also far more mobile than its ever been, adding another factor to the mix.

"We're headed for very interesting times."  - everyone's grandparents. 

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Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.  

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This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.