lessons

Put all your eggs in one basket … then diversify

The blessing and curse of real estate is that trends develop slowly.  This makes them easy to catch, but also easy to miss … unless you make it a priority to pay consistent attention. We scour the news daily.  We’re always looking for opportunities, lessons, and trends.  But they’re not always obvious.  In fact, they …

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Reality or Mirage?

Today’s Wall Street Journal reports that MGM Mirage is cutting the price of  the condominiums in its spectacular City Center project in Las Vegas, Nevada.  How big a cut?  Thirty percent!  We’re not sure what their margin is, but that’s probably all of it and then some. Ouch. Worse, it’s probably still not enough. But …

Reality or Mirage? Read More »

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