When this is all over, I think I will purchase a second home. Although I have considered it, I’ve never pulled the trigger on a second home mostly because I enjoy hotels and resorts. In years past, Kathy and I have considered buying a second home in New York, Hawaii or even Las Vegas, which are our favorite cities to visit. In New York, I love the Langham Hotel. It’s walking distance to most of my favorite spots and they have a great restaurant on the second floor. In Hawaii, we usually stay at the Andaz in Maui. It’s pretty new and they have several great restaurants including a great Morimoto sushi spot on the beach. In Las Vegas, we still love the Bellagio, but sometimes stay at the Waldorf Astoria if we prefer quiet. I always thought I’d miss the energy and amenities of these places if I purchased something. Kathy and I also worried that we would feel forced to visit more often to justify the expense and maintenance. But COVID-19 changes things a bit.
I don’t think I will ever be the type of person who avoids hotels, but having a second home would be a nice thing to have right now. I don’t think I am alone. It really makes me think that people are going to value their homes even more coming out of the quarantine. Those who have the means could start looking for larger homes; others may be thinking about investing in some home improvement work and still others might be thinking about a second home, like me. I’m confident residential real estate valuation, especially in the most desirable cities, will see another spike in the coming years.
I believe deeply in taking the high road; it is rarely good to lose your cool, especially in business. It’s part of what we call emotional intelligence…However, it’s not always best to walk away from a fight. There are some things worth fighting for, and for the right reasons…Historically, NAHREP has been friendly with consumer groups. We have not always agreed on everything, but I respect them and have worked hard to have a good relationship with them. But…
I believe deeply in taking the high road; it is rarely good to lose your cool, especially in business. It’s part of what we call emotional intelligence…However, it’s not always best to walk away from a fight. There are some things worth fighting for, and for the right reasons…Historically, NAHREP has been friendly with consumer groups. We have not always agreed on everything, but I respect them and have worked hard to have a good relationship with them. But…
I am a big believer in being authentic and original…Last year, I started playing with an idea about how entrepreneurship can close the minority wealth gap in America. I floated an audacious idea that the wealth gap poses an existential threat to America’s leadership in the world economy. That was an attention-getter! To develop my thesis on how to close the wealth gap, I thought about my observations in the housing industry. I realized that…