Global Landscape for Luxury Housing · Barron's Live

Digital Gems
A Lesson in Brooklyn Home Prices
Here’s a much-needed cheat sheet for New York City’s mayoral candidates.
No Diversity: 96.5% Of U.S. Appraisers Are White
Over the past year, beginning with this NY Times piece: Black Homeowners Face Discrimination in Appraisals that initiated a rising progression of news stories covering discrimination in the appraisal of houses. And most recently, this CNN piece: When a Black... Read More
When a Black homeowner concealed her race, her home's appraisal value doubled
When Carlette Duffy had her Indianapolis home appraised as part of a refinance application last year, it kept getting valued much lower than she expected.
Black Homeowners Face Discrimination in Appraisals
Companies that value homes for sale or refinancing are bound by law not to discriminate. Black homeowners say it happens anyway.
Does Teaching America It’s Racist Make It Less Racist? · New York Times Opinion
Semiconductor shortages continue to worsen, causing record order delays
Automakers are expecting $110 billion in lost sales this year due to shortages.
Amazon's Bezos Says Three Good Decisions a Day 'Enough'
Sep.20 -- Amazon founder Jeff Bezos discusses his practices to foster better management decisions. He speaks in the latest episode of "The David Rubenstein S...
There aren't many hard-and-fast rules of time management that apply to everyone, always, regardless of situation or personality (which is why I tend to emphasise general principles instead). But I think there might be one: you almost certainly can't consistently do the kind of work that demands serious mental focus for more than about three or four hours a day. As I've written before, it's positively spooky how frequently this three-to-four hour range crops up in accounts of the habits of the famously creative. Charles Darwin, at work on the theory of evolution in his study at Down House, toiled for two 90-minute periods and one one-hour period per day; the mathematical genius Henri Poincaré worked for two hours in the morning and two in the afternoon. Thomas Jefferson, Charles Dickens, Virginia Woolf, Ingmar Bergman and many more all basically followed suit, as Alex Pang explains in his book Rest (where he also discusses research supporting the idea: this isn't just a matter of che...
There aren't many hard-and-fast rules of time management that apply to everyone, always, regardless of situation or personality (which is why I tend to emphasise general principles instead). But I think there might be one: you almost certainly can't consistently do the kind of work that demands serious mental focus for more than about three or four hours a day. As I've written before, it's positively spooky how frequently this three-to-four hour range crops up in accounts of the habits of the famously creative. Charles Darwin, at work on the theory of evolution in his study at Down House, toiled for two 90-minute periods and one one-hour period per day; the mathematical genius Henri Poincaré worked for two hours in the morning and two in the afternoon. Thomas Jefferson, Charles Dickens, Virginia Woolf, Ingmar Bergman and many more all basically followed suit, as Alex Pang explains in his book Rest (where he also discusses research supporting the idea: this isn't just a matter of cherry-picking examples to prove a point). Before you jump down my throat, I realise, of course, that many such figures relied on wives and/or servants to keep their lives on track. And in any case they didn't live in an era like ours, where those in high-status jobs feel they have to work as relentlessly as anyone. The moral here isn't that you ought to be in a position to rise from your desk, once your four hours are up, then spend the rest of the day playing tennis and drinking cocktails. (Though if you can, I say go for it.) The real lesson – or one of them – is that it pays to use whatever freedom you do have over your schedule not to "maximise your time" or "optimise your day", in some vague way, but specifically to ringfence three or four hours of undisturbed focus (ideally when your energy levels are highest). Stop assuming that the way to make progress on your most important projects is to work for longer. And drop the perfectionistic notion that emails, meetings, digital distractions and other interruptions ought ideally to be whittled away to practically nothing. Just focus on protecting four hours – and don't worry if the rest of the day is characterised by the usual scattered chaos. The other, arguably more important lesson isn't so much a time management tactic as an internal psychological move: to give up demanding more of yourself than three or four hours of daily high-quality mental work. That's an emphasis that gets missed, I think, in the current conversation about overwork and post-pandemic burnout. Yes, it's true we live in a system that demands too much of us, leaves no time for rest, and makes many feel as though their survival depends on working impossible hours. But it's also true that we're increasingly the kind of people who don't want to rest – who get antsy and anxious if we don't feel we're being productive. The usual result is that we push ourselves beyond the sane limits of daily activity, when doing less would have been more productive in the long run. How far you can check out of the culture of unproductive busywork depends on your situation, of course. But regardless of your situation, you can choose not to collaborate with it. You can abandon the delusion that if you just managed to squeeze in a bit more work, you'd finally reach the commanding status of feeling "in control" and "on top of everything" at last. The truly valuable skill here isn't the capacity to push yourself harder, but to stop and recuperate despite the discomfort of knowing that work remains unfinished, emails unanswered, other people's demands unfulfilled. That's the spirit embodied by one monk at the Monastery of Christ in the Desert in New Mexico, interviewed by the writer Jonathan Malesic for his forthcoming book The End of Burnout, which I've been enjoying. The monks' daily work period lasts (can you guess?) three hours, ending at 12.40pm. Malesic writes: "I asked Fr Simeon, a monk who spoke with a confidence cultivated through the years he spent as a defence attorney, what you do when the 12:40 bell rings but you feel that your work is undone. "'You get over it,' he replied." • I'd love to hear from you – just hit reply. (I read all messages, and try to respond, but not always in a timely fashion: sorry!) If you enjoyed this email, you'd be doing me a big favour by forwarding it to someone else who might like it, or mentioning it wherever you emit opinions online; the "View in a browser" link above will take you to a web version. And if you got this from a friend and would like to subscribe yourself, please do so here.
How to Solve Impossible Problems: First Principles Thinking
Use the thinking tool of philosophers, inventors, and billionaires
World’s billionaires have more wealth than 4.6 billion people | Oxfam International
Google Director Of Engineering: This is how fast the world will change in ten years
It wasn’t supposed to be like this.
How to Solve Impossible Problems: Lateral Thinking
How to use the thinking tools of billionaires, inventors, and CEOs
Nearly half of global CEOs don’t expect to see a return to ‘normal’ until 2022: KPMG study
CEOs of the world’s most influential companies are planning what the ‘new reality’ will look like post-pandemic
Moody's Analytics CRE Solutions | Quantifying COVID-Driven Risks to Office Markets
In this paper, CRE experts from Moody's Analytics and CWCapital present updated expectations for the office sector.
Estimating the Size of the Commercial Real Estate Market in the U.S.
The total size of commercial real estate in the U.S. was estimated $16 trillion in 2018.
Pueblo's residential real estate market is a 'nightmare' for those looking to buy
A scarcity of homes for sale and a surge of new residents from bigger cities means Pueblo's residential real estate market is a 'nightmare.'
WSJ News Exclusive | Food Supply Chains Are Stretched as Americans Head Back to Restaurants
Americans are returning to restaurants, bars and other dining places as Covid-19 restrictions come down, adding new strains in food supply chains.
As Amazon, McDonald’s Raise Wages, Small Businesses Struggle to Keep Up
Companies are forgoing investment and turning down contracts as they compete with unemployment benefits and wage increases at larger firms.
New houses are still more expensive than existing homes, despite what the data says
The median price of a newly built house was slightly lower in March than the median price of an existing home sold that month. That's not the full story.
U.S. gas stations still shut, prices at 7-yr high in slow recovery from cyberattack
The top U.S. fuel pipeline operator said its lines were fully operational on Monday, but it will take some time for supplies to recover fully from a cyberattack that left thousands of gas stations without fuel.
Spotify – Don't Call It an IPO - The Readback | Podcast on Spotify
Who Will Regulate The Regulators: Stigler 50 Years Later · University of Chicago Podcast Network
Calculated Risk: Lawler: Early Read on Existing Home Sales in April
From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I proj...
Calculated Risk: Lawler: Is the “Owners’ Equivalent Rent” Index Set to Accelerate Sharply?
From housing economist Tom Lawler: While single-family home prices have recently soared and single-family rents appear to have accelerated...
Calculated Risk: FOMC Minutes: Concern about "supply chain bottlenecks and input shortages"
From the Fed: Minutes of the Federal Open Market Committee, April 27–28, 2021 . A few excerpts: In their comments about inflation, partic...
Calculated Risk: Indiana Real Estate in April: Sales Up 17% YoY, Inventory Down 53% YoY
Note: I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year. Remember sa...
The gift of getting old · Vox
The (Un)Vaccinated Consumer - Earnest Research BlogEarnest Research Blog
We looked across various states to understand how local economies are responding to vaccine rollouts and easing restrictions.
Fraudulent Fish Foiled by Cancer-Catching Pen
Seafood is often falsely labeled, but a handheld device can tell tuna from tilapia in seconds