DID YOU KNOW? Across the country, the challenge of selling a really large unrenovated home poses similar challenges: many are tough to remodel for modern living. Kitchens - now the focus of living for many - once used by domestic staff are often deprived of views, formal dining spaces, don’t open up to the living room and kitchen and buyers want updated properties with open floor plans, the latest technology and luxury finishes. Retro-fitting plumbing, electrical and insulation can be extremely expensive too. Maintenance and operating costs of older large homes can be very high too. (WSJ)
DID YOU KNOW? The Oscar-winning movie ROMA may signal the official move of the cinema from Main Street to your living room via NETFLIX..... This may place an even greater desire for home movie theaters or places within the home to experience a cinema-quality movie-watching experience. (CNBC)
DID YOU KNOW? California's Assembly Bill 1080 would phase out single-use plastics by 2030 and follows concerns about plastic debris going in oceans and on beaches. If the legislation becomes law, some experts believe it could lead to other states taking similar steps. In 2014 California became the first state with a single-use plastic bag ban, which led to at least four other states introducing similar measures. (CNBC)
DID YOU KNOW? Apparently, China-US trade talks are progressing well. This is the one geopolitical item I'd watch closely as I feel it could impact the global economy significantly....and our real estate markets. (Marketwatch)
DID YOU KNOW? If Hudson Yards - the $18 billion development on the West Side of Manhattan, the largest private development of its kind in US history - were its own city, it would be amongst the 10 largest central business districts in the USA. When completed, it will have 18 million square feet of office, retail, hotel, cultural and residential space. 30 Hudson Yards rises almost 1,300 feet into the sky, just about 150ft shy of the tip of the Empire State Building.