An initial discovery of a new phenomenon, such as electricity and internal combustion, is eventually used to create a new invention, like the light bulb or the automobile. This creates some excitement, and builds the fortunes of a few entrepreneurs, but has little impact on society as a whole.
The data shows that ‘keeping up with the Joneses’ is real. A study describes a situation where an individual has to choose between society A in which he will live in a 4,000 square-foot house and others will live in 6,000 square-foot houses; and society B in which he will live in a 3,000 square foot house, while others will live in 2,000 square-foot houses. Most people favor society B over society A, namely a situation in which their absolute house size is smaller but their relative house size is higher.
More automation and less on-site construction means fewer safety incidents. Additionally, quality checks in the factory will help discover issues early. The later a problem is discovered, the more it will cost to fix it. If a problem is found in the design phase of a building that costs $1 to fix, that same problem discovered in the construction phase will cost $20. If the building reaches its operational phase before the problem is discovered, it is estimated to cost $60.
There are literally hundreds of programs available that teach entrepreneurs and real estate professionals how to earn money quickly through various real estate strategies. And there are several television series that are now based on this real estate program and how to earn
Costs. Cities globally are facing an affordable housing crisis. And with more of the population choosing city living, it is only going to get worse. It is estimated that generation Z will spend over 1/2 of their gross income during their first decade
There is a saying that ‘You either want to live in the city, or out of the city, but not in between.’ This dilemma between city, countryside, and suburbia is interesting to look at from a quality of life standpoint. Obviously, your priorities
The Soviet Union achieved an early lead in the Space Race by launching the first artificial satellite Sputnik 1 in 1957. The United States led during the “Moon Race” by landing Neil Armstrong and Buzz Aldrin on the Moon, July 20, 1969. (1)
Why does it cost more to build a living room than a car? The average cost to build a home addition is $48,000.(1) And those costs are only expected to increase with labor shortages and increased material costs. Consider the materials used and
In Japan it is common for parents to take their children to a community play center where there are toys to check out. In London there is an ‘everything library’ with household items such as vacuums, sewing machines, and drills for neighbors to
Real estate is a very large asset type. Global residential real estate is valued around $250 Trillion. Global commercial real estate is valued around $65 Trillion. For comparison, global annual GDP is $78.3 Trillion. The world of real estate is changing. And it
Venture Capital is the case for ambitious risk-taking and has been credited with advancing our societies with companies such as Apple, Google, and Uber. No doubt there has been much good that has come from it with entire ecosystems built around innovation, bold
Modular housing delivers the benefits of precision steel frame engineering, global supply chains, and responsible factory automation. This leads to lower costs and faster construction timelines. But did you know that a modular home can be your forever home? This forever home can
‘The American Dream’, for some, conjures up images of home ownership with a white picket fence and a manicured yard in a prominent suburb. This suburban sprawl imagery has been promoted since the 1950’s and links directly with home ownership and success. The
As the oldest university in the English-speaking world, Oxford is a unique and historic institution. There is no clear date of foundation, but teaching existed at Oxford in some form in 1096 and developed rapidly from 1167, when Henry II banned English students