Curious about investing in art, but not sure where to begin? Masterworks is a platform that allows anyone to invest in blue chip art. |
|
Hi,Clickbaity headlines and the nature of social media have undermined many people’s understanding of what’s driving the affordable housing crisis. Lots of folks are starting to believe in oversimplified and superficial clichés. Even the term affordable housing is complicated because “affordability is not, and has never been, an intrinsic quality of a building.”Housing is ultimately a supply and demand issue, but there are layers that are driving both sides of that equation, which is something Daryl Fairweather, who holds a Ph.D. in Economics and is the Chief Economist for Redfin, explains elegantly in my conversation with her. There isn’t a one-size fits all solution to our housing problem, but understanding what’s driving our crisis is the first step in considering long-term solutions.In addition to discussing the economics of affordable housing, Daryl offers general insight on the housing market too. I hope the conversation will be as expansive for your thinking as it was for mine. And if it was, let me know. Don’t be shy; hit reply!Your friend in finance,
|
|
|
|
1.🏡The Economics of the Housing Market with Daryl Fairweather (Weird Finance) In this episode of Weird Finance, Paco talks to Daryl Fairweather about how economics is fundamentally about decision making, why housing is so expensive, how climate change might impact housing, and the philosophical reasons why a land value tax makes sense. This episode also features a segment called Ask Paco Anything.
2. 💲 Why It's Risky to Keep a Big Balance in Venmo, Cash App or PayPal (Money)
3. 🔗 The Ugly Truth Behind “We Buy Ugly Houses” (ProPublica) HomeVestors of America, the self-proclaimed “largest homebuyer in the U.S.,” trains its nearly 1,150 franchisees to zero in on homeowners’ desperation.
4. 🤓 A bookkeeping thing - Maximizing Your Revenue: A Guide to Invoicing and Collections for Creative Businesses (HYG ORIGINAL) As a creative business owner, invoicing promptly and following up on unpaid invoices is essential for maintaining healthy cash flow.
5. 🌍 How digital nomads have reshaped cities around the world (Rest of the World) “Nomads cluster in safe and prosperous neighborhoods. Laureles, in Medellín, is a tranquil barrio with a university, clean streets, and middle-class inhabitants. But the income differential between the nomads and the Colombian professional class is immense. The result is runaway price inflation — rents in Laureles have skyrocketed, and restaurants cannot raise their prices fast enough. A one-bedroom in Medellín now rents for the ‘gringo price’ of about $1,300 a month, in a country where the median monthly income is $300.”
6. 💸 When the Money's Just Too Damn Good (Nat Eliason) “When you’re afraid you can’t earn a sufficient living from the thing you want to do, you find something else to earn that money for you. But then it’s hard to balance the two, especially if the money is really good. Success can be its own failure. You start a lifestyle business to fund your passion, then the business takes off and now you’re stuck managing employees and a Shopify store.”
7. 🏢 Why Are So Many Luxury Condos Built In Cities That Face An Affordable Housing Crisis? (Forbes) “Given the dire need for affordable housing, a new luxury building, soaring above more modest single story homes, can seem like a sign we are heading in the wrong direction. But today’s luxury buildings are tomorrow’s affordable option. Trendy luxury finishes go out of style, and brand new appliances experience wear and tear. Over time, landlords of these buildings either have to pay for expensive upgrades or accept lower prices and rents. When there are a lot of new buildings going up like there are today, owners of existing condo towers often find it more profitable to skip the upgrades. These housing units filter down from the upper-class to the middle class.”
8. 🏠 The Homeownership Society Was a Mistake (The Atlantic) “Policy makers should completely abandon trying to preserve or improve property values and instead make their focus a housing market abundant with cheap and diverse housing types able to satisfy the needs of people at every income level and stage of life. As such, people would move between homes as their circumstances necessitate. Housing would stop being scarce and thus its attractiveness as an investment would diminish greatly, for both homeowners and larger entities. The government should encourage and aid low-wealth households to save through diversified index funds as it eliminates the tax benefits that pull people into homeownership regardless of the consequences.”9. 😴 It's one of the oldest markets in the world, but until recently, the average person would never dream of investing in it (Masterworks). The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. #sponsored
|
|
|
If you have a question you’d like me to answer on the Weird Finance podcast, you can leave me a voicemail at 833-ASK-PACO. You can also email me your question by replying to this email or emailing us at weirdfinancepod@gmail.com.
|
The Nerdletter is written and curated by Paco de Leon and a tiny editorial support team. Please consider several ways you can contribute to this important mission –
an inclusive conversation about money, finances, and capitalism for Creatives.
We can't do this work without you.
Thanks for being part of the crew and reading this far. Peace. |
|
|
|
Our home office is located in Los Angeles, California, the traditional lands
of the Gabrielino/Tongva peoples. We acknowledge with gratitude the traditional
custodians of this land and pay our respects to their Elders, past and present.
|
|
|
|
You received this email because you subscribed to The Nerdletter, a weekly newsletter.
You can unsubscribe at any time. Or, you can buy some sweet merch here.1920 Hillhurst Ave # 1089, Los Angeles, California, 90027, United States of America ©The Hell Yeah Group 2023
|
|
|
|
