Brandon Donnelly — Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly. — Page 712

Back in 2008, I was living in the United States. And at that time, during the financial crisis, I remember people positing that the US wouldn't be able to build another commercial office building for at least the next twenty years. That's how bad things felt. People were panicking. But of course, that never happened. Yes, it took some time for real estate values to recover and for people to deleverage, but ultimately things did recover. New buildings were built and new ideas flourished.

In fact, I'll never forget what a close friend of mine said to me a few years after that moment in 2008. He said to me, "you know what Brandon, the crisis was probably one of the best things to happen to me. It meant that I couldn't find a job and I was forced to start my own company. I probably wouldn't have done that otherwise."

Today, we're living through a different kind of crisis with its own set of uncertainties. Some, or perhaps many, seem to think it could lead to the demise of cities, similar to how our last crisis was supposed to lead to the demise of new office buildings (at least for a period of time). It's easy to get caught up in narratives and headlines at times like this. And there are always ways to convince ourselves that this time might be different. Sure, we've had pandemics before, but previous generations didn't have the tech that we have, right? Perhaps.

The challenge is that we're all trying to decode how much of what's happening today is related to (1) short-term dislocation, (2) trends that were already happening and just got accelerated, or (3) durable and long-term structural changes. My own view is that the post-mortems will reveal more of (1) and (2), as opposed to (3). And that will mean that some of us have maybe been making long-term decisions (flee the city) based on short-term dislocation (a 1-2 year health crisis).

Of course, I could be wrong. But it's what I believe and what I have conviction around.

Headlines are designed to target what Seth Godin and others refer to as our " lizard brain ." That being the primitive part of our brain that tells us when we're, among other things, scared, hungry, fearful, and horny. What excites the lizard brain is not a headline saying that everything will probably be just fine. What excites the lizard brain is a headline saying that everything is utterly broken and a new paradigm is now upon us -- pay attention or perish.

It's for this reason that I think it can be helpful to pause and ask yourself: "What is it that I truly believe?"

Packy McCormick's latest "Not Boring" essay is up and it's about Opendoor. It's a good follow up to last week's announcement .

Maybe that’s why housing is one of the last major categories that technology has left alone. Sure, companies have tried. Tons of them. The startup graveyard is filled with companies led by entrepreneurs who realized that the way we buy and sell homes sucks, but couldn’t ultimately figure out how to change it. They weren’t thinking big or long-term enough. The companies that have made the biggest impact, like  Zillow  and  Redfin , make it easier to search for houses, but then kick buyers over to agents to go through the offline process, the same way it’s always been done. 

This is topic/problem that is near and dear to me because I spent a year of my life working on a startup that initially set out to solve this exact problem. But like countless others, we couldn't figure out how exactly to change things. So we pivoted.

Has Opendoor finally cracked the code? I don't know. But they're on to something. It is, however, worth noting that the company was founded in 2013. And so what is happening today is already 7 years in the making -- and probably longer if you consider the founder's past startups.

Tough problems clearly require time. Money doesn't hurt either.

The Open House festival is on this week in London. It's an annual festival that celebrates London's urban landscape and it is something that has been going on for the past three decades. (Toronto has something similar called Doors Open.) But this year, as is the case for all of us, they had to get a little creative with online events and other kinds of programming. Below is a short video that was created as part of the Open House Films collection. It is about the brutalist Glenkerry House in East London. Its architecture (by Ernő Goldfinger ). Its ideals. And the people who call it home. Looking for more short urbanism films similar to this one? Look here .

https://www.youtube.com/watch?v=qswkbQe_v7c&feature=youtu.be