Make something people want Paul Graham and his colleagues at Y Combinator use this as a motto for anybody who wants to build something new. In order to do that successfully, whatever they create must be something people want. Strange as it sounds, I don’t think this rule ever really applied to the creation of new places. Real estate is an industry that has been mostly immune to the law of consumer demand.
Love your vision here. But why haven't real estate entrepreneurs been more incentivized to build for customers? Why is the competitive behavior so clustered around "generic suburbia" or "generic yuppie condo complex"?
I'm a fan of remote work, but I still think it's too soon to say that it has won the American labor market.
I have seen how companies are working in "hybrid" arrangements, and comp changes based on cost of living. I think the labor market effects of location and the draw of big cities will still be strong for a long time especially for non-superstar talent. "Weak ties" (Granovetter) still matter, and many of those still seem location dependent.
We'll know labor market and weak ties have been more evenly distributed once rich parents stop putting their kids in fancy urban prep schools!
Love your vision here. But why haven't real estate entrepreneurs been more incentivized to build for customers? Why is the competitive behavior so clustered around "generic suburbia" or "generic yuppie condo complex"?
I'm a fan of remote work, but I still think it's too soon to say that it has won the American labor market.
I have seen how companies are working in "hybrid" arrangements, and comp changes based on cost of living. I think the labor market effects of location and the draw of big cities will still be strong for a long time especially for non-superstar talent. "Weak ties" (Granovetter) still matter, and many of those still seem location dependent.
We'll know labor market and weak ties have been more evenly distributed once rich parents stop putting their kids in fancy urban prep schools!