Brandon Donnelly — Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly. — Page 850

Fred Wilson wrote a post this morning about the " certainty of close ." He was talking about fundraising for startups, but similar parallels can be drawn to other aspects of life and business. The point Fred makes is that if you can live with the "bird in the hand" economics and if you have a comfort level with the humans/partners you're getting involved with, it's hard to go wrong and it's often the right approach for early stage companies where fundraising speed is critical.

The tension that usually gets weighed against this line of thinking is one of maximizing economics, which often sits part and parcel with a fear of "leaving money on the table." Should I take the deal in front of me or should I push and/or wait to extract every last dollar? This can lead to indecision. Oftentimes, as Fred mentions, these decisions aren't particularly black and white. Few things are.

While every deal and situation is unique, there is nothing inherently wrong with a fair and reasonable price if the the economics make sense for you, and your investment and return criteria are being met (or whatever criteria you have set for yourself). It is " satisficing " vs. "optimizing." The latter may appear most favorable, but there are countless benefits in moving as quickly as possible and in getting things done. I am a fan of doing .

Photo by  Jacek Dylag  on  Unsplash

One of the defining characteristics of Portuguese cities is the stone paving that is used in many or most pedestrian spaces. In European Portuguese, it is called calçada portuguesa . Above is a photo -- that I didn't take -- of Rossio Square is Lisbon.

This craft was also exported to Portugal's former colonies, including Rio de Janeiro, Macau, and Luanda. Supposedly, the Portuguese used to load up their boats with limestone in order to weigh them down and make them stable before they set sail. And that's, at least partially, the reason why this tradition ended up traveling.

They're dangerously slick when wet -- particularly in a hilly city like Lisbon -- but they sure are beautiful. Here's a short video talking about the tradition in Macau. It's an interesting example because the Chinese ended up adding their own touches.

Click here if you can't see it below.

https://youtu.be/eiK6SQzra3k

Photo by  Alex Paganelli  on  Unsplash

There's an interesting debate happening online right now. A recent article by Derek Thompson (of the Atlantic) made the claim that today's urban renaissance is great for young college graduates, but not so good for kids.

Here’s a quick synopsis:

Cities have effectively traded away their children, swapping capital for kids. College graduates descend into cities, inhale fast-casual meals, emit the fumes of overwork,  get washed , and bounce to smaller cities or the suburbs by the time their kids are old enough to spell.

Raising a family in the city [New York City] is just too hard. And the same could be said of pretty much every other dense and expensive urban area in the country.

Michael Lewyn (of the Touro Law Center) responded to this argument with a post titled " the myth of the childless city ." While it is true that the US fertility rate is at an all-time low, the numbers -- at least some of them -- suggest that cities aren't all that childless:

Furthermore, not all urban cores are doing poorly in retaining children. Washington, D.C. had just under 32,000 children under 5 in 2010, and has over 45,000 today. In Philadelphia, the number of children under 5 increased from just over 101,000 in 2010 to 104,152 in 2018. Even in San Francisco (which, according to The Atlantic article, “has the lowest share of children of any of the largest 100 cities in the U.S.”), the number of under-5 children increased from 35,203 in 2010 to 39,722 in 2018.

What I would be curious to see is a more granular look at where children are being raised within specific cities, and how that may, or may not, be changing over time. City boundaries can be broad.