Brandon Donnelly — Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly. — Page 420

We were having pizza at Davanza's the other night and I started flipping through one of those real estate magazines that you find scattered around places like Park City.

Now, more often than not, when I come across a house listed for tens of millions of dollars, I usually look at it and think to myself, "okay, I know this is a really expensive home and it is likely that someone will want to buy it, but I objectively don't like it."

However, as I was flipping through the magazine, I came across this listing and instead thought, "hey, this is actually a really cool house."

Designed by Wallace Cunningham , the 8,000 sf home features a cascading roof line that looks like an "S" in plan. (It also seems like all of the interior spaces were laid out in service of this plan design, which, depending on your own architectural proclivities, could be considered either a perfectly fine thing or an arbitrary thing.)

It's an interesting house. So here's a video tour .

https://youtu.be/c6JI1rmvqdU

Charlie Bilello shared this interesting housing chart in his weekly newsletter:

Shelter is one of the largest components of the CPI index (about a third). And at 7.9% (see above), this is the highest rate of housing inflation since 1982. However, the shelter component -- which is largely a combination of rent on a primary residences and the implicit rent that owner occupants would pay if they were renting their homes -- has historically been a lagging indicator. Apparently it has something to do with the way that it's calculated. So for this reason, the shelter CPI has only increased 14.9% since the start of 2020, whereas home prices nationally increased by about 40% and rents increased by about 20%. It's also why there appears to be a disconnect (in the above chart) with rents. All of this is to say that we might see shelter jump up a bit further as it continues to record what happened over the last few years.

Today we went skiing and snowboarding at Brighton, which is in Big Cottonwood Canyon. It was cool seeing the landscape transform and the temperature drop as we went from 4,300 feet (in Salt Lake City) to 8,755 feet (at the base of the mountain). Here are a few snaps from the road.

Shot on iPhone