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The LAW has not been repealed

Was talking to someone yesterday regarding the frothy pricing in the LA market. She made the reasonable observation that pricing in big city markets seems to be on a long, one way rise. This is a version of an argument I hear a lot: Millennials don’t want to move to the suburbs, because they prefer city

Who benefits from the demise of department stores?

Do you know who is in the cat bird seat right now? Entrepreneurs with retail concepts that require very large spaces and have the ability to drive customers themselves, without need for “walk-in” traffic. Why? Well, retailers are generally getting slaughtered right now; who wants to go to the mall when Amazon will deliver whatever

What I do all day

Someone asked me this weekend what, exactly, I do all day. The truth is, many days, I don’t do much more than read. Sure, people come into my office for guidance on how to handle tricky issues. But, in those cases, I try to get the person asking the question to make a recommendation, which

Why I dislike unpriced deals

Recently, I’ve noticed a lot of unpriced listings coming on the market. By “unpriced”, I mean properties where the Seller is basically saying “I want to sell, but I’m not going to guide you to the price I expect”. I get why sellers do this… they aren’t sure what their property is worth and they don’t

What is the difference between “price” and “value”?

Answered this question on Quora yesterday and thought it would be interesting to re-post here: The key to understanding “value” is to separate it from “price”. “Price” is the amount of a given currency at which a buyer is willing to buy or a seller is willing to sell (sometimes, those numbers overlap, in which

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