

Originally published June 2021. As space requirements fall for offices and retail, residential will fill the gap. Much of the reflection on post-pandemic shifts in property has been focused on individual sectors, but how these interact with each other will also be key...
The future for global cities

A walk in the park on a historic day
Saturday morning, walking around south Minneapolis, a neighborhood where – back in my youth – when your elders start neglecting their lawn, you might move them out of the bungalow and plant them here in a one-BR apt until they can no longer climb stairs and then...
A walk in the park on a historic day

Bulls vs bears
The FTSE 100 and S&P 500 are trading at very different valuation levels. US and UK large-cap investors have had very different experiences since the crash of 2009. Over these 12 years, the FTSE 100 more or less doubled, going from a low of around 3,500 to a...
Bulls vs bears

The property instinct and the utter futility of socialism
If you are like me, you regularly interact with people who remain unphased by America’s recent giant strides towards authoritarian socialism, of an economy run largely by and for state actors and their corporate minions. Those who bother to engage with the...
The property instinct and the utter futility of socialism

Strong recovery underway
But what challenges await the US and the wider world? Over a year after the Covid-19 pandemic spread across the world and crippled economic activity, a recovery is underway. The consensus among economists is for the recovery to be strong, which has only been amplified...
Strong recovery underway