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All we hear is how print is dying, but the Wall Street Journal plows ahead. The smarty pants at the Wall Street Journal announce a significant beefing up of global (and all) real estate coverage beginning this Friday. Oh and guess what: it’s going to be on mobile and the ipad, too. Robert Thomson, editor-in-chief of Dow Jones & Company and managing editor of The Wall Street Journal, says what I have believed for years: “We all like to think of our home as a mansion, even if it is a humble abode, and we all have the license to aspire, so we have created Mansion to be the home of both aspiration and real estate realization.” Continue reading
To a real estate junkie like me, this was almost as exciting as getting a new Porsche: People are starting to get wise about Standard & Poor’s Case-Shiller report. Did you notice that numbers came out this week, Monday in fact, the news was pretty bleak IN SOME LOCALES, but no one (here, at least) freaked out? Then the Wall Street Journal produced what I think is one of the most significant real estate articles in eons. If you don’t subscribe and cannot read it, here is what it says in a nutshell: REAL ESTATE IS A LOCAL STORY.
I laugh whenever I read that American homes are getting smaller. Maybe SOME homes. But custom homes for the uber wealthy here and elsewhere are bigger than ever. True, there is my generation of Baby Boomers who are contemplating downsizing. Had lunch with Mickey Munir last week of Sharif-Munir Custom Homes, who told me about a fabulous new zero lot line development for people like me he is developing on Forst Lane called ‘Iris Hollow”. (Details coming soon here on CandysDirt.)
Read more on Big Is Back: Living Large in Dallas Real Estate Never Really Went Out of Style…