We were just having a conversation about how expensive places in the USA were like New York City, Washington D.C., and San Francisco versus Great European cities like Paris, Rome and Berlin – which are all much cheaper. click for ginormous graphic Source: How Much The post Where The Working Class Can (Not) Afford to Live appeared first on The Big Picture.
Santa Monica, California-based Domuso, provider of a financial platform for renters, announced it has raised $3.1 million in funding. The company said investors include owner/operators of rental properties, such as real estate magnate David Kim, founder of Bascom Group. The company has now raised $5.8 million in total funding since it was founded in 2014. Co-founders include Damian Langere, Michael Lightfoot and Keith Wasserman. Langere and Wasserman, who are cousins, are co-founders in the real estate company Gelt.
By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She now spends much of her time in Asia and is currently working on a book about textile artisans. Last week, one day before the Financial Accountability and Corporate Transparency Coalition (FACT Coalition) published a major study discussing the failed status […]
This week, we sit down with Rich Barton, the Microsoft engineer who developed Expedia while working for Bill Gates and Steve Ballmer in the 1990s. Expedia was spun out of Microsoft, and while CEO Barton took it public, before it was eventually acquired by Barry Diller’s IAC. He is also the co-founder of Zillow, and Glass Door, and is on the… Read More The post MiB: Rich Barton on Making Information Available to All appeared first on The Big Picture.
Further discussion of why CalPERS' latest Big Idea for private equity needs a Big Rethink.
The current state of play at Grenfell Tower, with a question yet to be answered.
Why high levels of mortgage delinquencies in the New York City area are a symptom of still-unresolved mortgage abuses.
By Lambert Strether of Corrente. I said I had some things to do before I left London; one of them was to go see if I could take some photographs of Grenfell Tower. We don’t normally do photo essays at Naked Capitalism, but since I was on the spot, I thought it made sense. The […]
MetaProp Ventures announced a second fund targeted at $25 million, according to a regulatory filing. The New York-based firm is led by Aaron Block, Zachary Aarons, Zachary Schwarzman and Clelia Peters and invests in real estate technology startups, according to its website. In 2015, the firm raised an unspecified amount, according to Thomson Reuters.
Venice, California-based Fifth Wall Ventures, which in May raised $212 million to invest in real estate technology, announced it has added Landon Tucker as its first entrepreneur-in-residence. Previously, Ticker was a senior analyst at Trian Fund Management, the firm said in a Medium blog post. Source: Medium blog post
Animated timeline shows how Silicon Valley became a $2.8 trillion neighborhood Source: Business Insider The post How Silicon Valley Became a $2.8 Trillion Neighborhood appeared first on The Big Picture.
The Missing Boomerang Buyers Jessie Romero Federal Reserve Bank of Richmond, First Quarter 2017 Does it matter whether those who lost their homes during the crisis come back to the housing market? In July 2006, the Mortgage Insurance Companies of America, a now-defunct trade group, sent a letter to the Federal… Read More The post The Missing Boomerang Buyers appeared first on The Big Picture.
The Housing Market Is Ripe for Tech Disruption The process of buying and selling a home in the U.S. is needlessly inefficient. That will inevitably change. Bloomberg View, May 31, 2017 A colleague just had twins and is looking for a larger home. He wondered aloud “Where is Silicon Valley in the real… Read More The post Why Hasn’t the Internet Disrupted Real Estate ? appeared first on The Big Picture.