Brandon Donnelly According to Fred Wilson , a pure market requires:
Massive liquidity
True price transparency
Open exchanges where anyone can trade
When you have these in place, people feel comfortable trading, a lot.
By this definition, real estate isn’t a true market.
A tower being built on Park Avenue is part of Manhattan’s booming ultraluxury construction business, a trend that is warping the real-estate market and driving up overall costs.
A tower being built on Park Avenue is part of Manhattan’s booming ultraluxury construction business, a trend that is warping the real-estate market and driving up overall costs.
Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.
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