Real Estate: 5 Big Trends to Watch in 2017

Real Estate: 5 Big Trends to Watch in 2017

1. The Fix It Generation: Millennials Lead Home Reno Spending

  • 1-in-3 millennials prefer a fixer upper house with minimal repairs. (Source: housingwire)
  • They renovate sooner than boomers did because they prioritize personalized spaces.
  • Their renovation budgets tend to be smaller which means more DIY-projects.
  • The most popular feature replaced in a kitchen reno are countertops; in bathrooms: faucets or plumbing features and in all other rooms: wall color or texture. (Source: Houzz)
  • More are spending on system upgrades with 30% replacing plumbing pipes, 26% upgrading their electrical service and 21% updating their heating and ventilation system.
  • 76% are paying for upgrades from savings.
  • 20% put their home reno on their credit card!
  • 29% go over budget.

2. Reemergence of Suburban Living but with urban-living amenities

  • 2017 will see an increased shift toward suburban development by first-time buyers and downsizing baby boomers.
  • 80% of new homes being built are in  surbanareas, so-called because they offer suburbia’s safety and good schools along with the city’s walkability and excitement.

3. Stop Calling Millennial Homebuyers: Text Them!!

  • Loantek, a Bankrate company, is encouraging its loan officers to stop calling Millennials and start texting them instead.
  • Texting is the most frequently used form of communication for Americans under 50 (i.e. GenXers as well as millennials).

Read on below for the builders’ 3L’s and for the growth in continuum care housing.

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Two Sophisticated Men’s Streetwear Brands You Should Know About

Two Sophisticated Men’s Streetwear Brands You Should Know About

Recently discovered two menswear brands – one just launched its first concept shop after 3 years in business, the other is brand new.  Aime Leon Dore and Outlaw by Braydon Alexander both offer smart, elegant streetwear styling. I’m also crazy about both of their concept shops – one definitely a pop-up, one a longer-term lease.

AIME LEON DORE (ALD) – photos on lower row above
179 Mott Street
Til May, 2017

This elevated men’s streetwear line from Queens-born designer Teddy Santis was founded in 2014. Santis had worked in a high-end optical store which inspired him to pursue his love of fashion and design.

Since launching the label, Santis has also done some collaborations with major brands including streetwear legend KITH. When a lookbook drops, the collection is made available for pre-order exclusively through the brand’s site. Then the clothes are made and consumers get the product in about a month. The brand’s drops generally sell out in a few hours.

The store on Mott Street opened in early November and was scheduled to stay open until late December. I was told this week that it will be open thru May. Check it out – great aesthetic, very chill vibe.

Read on below for Braydon Alexander’s Outlaw and to see more pics of both lines.

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The Boomaissance Is Here: Watchout Millennials!

The Boomaissance Is Here: Watchout Millennials!

Have seen increasing amounts of research about the importance of boomers vs. millennials. It’s strongly insinuated that companies who focus strictly on millennials are being myopic and overlooking huge opportunities. I’m not sure how I feel about this POV. In my experience, youth must – and will – be served. Additionally, much of what I read sounds like sour grapes from my boomer cohort who are tired and frustrated at no longer setting the agenda.

Here’s a recap of 6 recent developments – You decide if the millennial backlash is real!

1. Mindshare’s annual trend report predicted the Boomaissance would be upon us in 2017 with boomers reemerging as a group to be targeted and respected by advertisers. And kudos to Mindshare for coining the term!

  • Middle-Age Millennial Mindset” describes the new ease and happiness levels people achieve as they mature.
  • Advertisers are urged to include Boomers in media plans and to “take a Boomer view of the world in research and media.”

Read on below for more on this boomer vs. millennial showdown.

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HEALTH UPDATE: Top of the List for Boomers, Reverse Aging!

HEALTH UPDATE: Top of the List for Boomers, Reverse Aging!

EVERYTHING on my personal health radar has to do with maintaining peak fitness for my age. That said, getting older is definitely not for sissies as my body reminds me daily.

And since Boomers are apparently healthier than Gen Xers (see #7 below), here’s my best advice for my younger friends:

  • Never let your weight get out of hand (treat it like a life and death situation, because it is!) Every single aspect of my health has been dictated by my weight.
  • Do something physical for at least 1 hour DAILY – workout/walk/ ride a bike/ take the stairs
  • Keep your mind sharp: read books, learn new skills, seek out new and interesting people to add to your network.

Here are the 9 most important health trends I am currently tracking:

1. America is getting older and heavier

  • 2 out of 3 Americans are either overweight or obese (Source: CDC)
  • 1 in 3 obese people suffer from arthritis
  • Obesity causes excess fat in the body which releases inflammatory chemicals that may play a role in arthritis flare-ups.
  • Osteoporosis is a major public health concern for 44 million Americans aged 50 and older.
  • The orthopedic industry is booming!

 

2. Active Lifestyles Counter Aging

  • Women who don’t exercise and who spend too much time sitting, are biologically eight years older than their counterparts who are more fitness-oriented!!!
  • Physical activity should continue to be part of our daily lives as we get older, even at 80 years old.
  • Exercise has been found to keep the cells “younger.”

 

3. The flu and pneumonia are the biggest infectious disease killers today

  • Get your flu shots people – even though this year, only 48% effective!!
  • A recent study of 100 years of infectious disease deaths shows that only pneumonia and the flu are still dominant– and responsible for nearly 40% of all deaths from infectious diseases today.

Read on below for more health trends. I am especially psyched about FORWARD, the new tech-forward doctors’ office concept created by Google and Uber alums based on their first-hand medical experiences.

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Graffiti and the Archaeology of Contemporary Street Art

Graffiti and the Archaeology of Contemporary Street Art

This past weekend, as I walked by a building site at the corner of Lafayette and Great Jones, I felt like an archaeologist documenting rare cave drawings. Peeping in, I saw layers of graffiti history being unearthed by the construction crew and shot the above video. If anyone knows the names of these artists, let me know.

All through the 90’s, this was a favorite building of mine because of its gigantic COST REVS murals. The murals, done in 1993, are the ones COST is most proud of (pic above) – they feature Mt. Rushmore-style busts of Andy Warhol, REVS (postered), COST (postered) and  Keith Haring.

This year also marks the 10th anniversary of the massive Eleven Spring street art show (hosted by the building owner as a last hurrah before he sold the building – to one of the Murdoch sons it turns out!). The show was phenomenal with many of the ’00s era art heavyweights in attendance including Shepard Fairey, Swoon, JR, Faile.

I’ve been a collector and fan of street art for years. While some complain about the commercialization of the art and even its role in gentrification, I believe street art serves many purposes from straight up beautification to fighting crime (LED street art in South Philly) to raising political awareness to being fun for people who don’t know anything about art. And I am grateful that there are more opportunities for artists to make a living through street art both from commercial endeavors and from the collector class. I do not agree that for street art to be legit, it needs to be illegal.

See below for murals in my neighborhood as well as some absolutely stellar pieces from around the globe.

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BEATRICE INN: Suddenly hot again, in a good way!

BEATRICE INN: Suddenly hot again, in a good way!

My first time at the Beatrice Inn (285W 12th St) for dinner last week. Phenomenal experience – the bone marrow creme brulee (see pic below) blew my mind. SO GOOD!!  But aside from the food, I also loved the ambiance, the service and the overall vibe.

For those of you not familiar, here’s some background:

Paul Sevigny (brother of Chloe) took over the Bea in 2006 and turned it into a super sexy clubhouse for all the cool kids. I never even tried to get in during that period – although I was very curious! Then in 2009, the city shut the place down for debauchery (or overcrowding, or smoking, or sex – Shia LaBeouf was heard loudly begging for sex at the club!). It was reopened in 2012 by Graydon Carter. I continued to avoid it – snooty crowd and awful food (is this because thin fashion people don’t eat?)

Then in August of last year, 34-year-old chef Angie Mar who had been poached from the Spotted Pig by Carter (but had a falling out with him over creative and business differences), bought the Bea and everything changed almost overnight. Suddenly food was front and center and pretentiousness was out. She added several recipes to the menu that had been in her family for generations e.g. the milk-braised pork shoulder which she has been making since she was 15 – DELICIOUS!!

Here’s a roundup of what’s to love at the Bea, and why I will be back often:

  • Beautiful space with an old school Hollywood vibe.
  • Ask to sit in the backroom by the fireplace. (Note: This was ‘social Siberia’ under Graydon Carter- for no-names and D-listers.)
  • Reservations thru OpenTable – and they honor them. Only peeve: they will only seat full parties.
  • Informal and accessible e.g. dress code has been done away with and photography is now allowed. After all ,with so many instagram-worthy menu items, how can you have a ‘no-photography’ rule?
  • Its history: the Bea dates back to the 1920s, when it was a speak-easy.
  • The Food – read on below for recommendations on food, cocktails along with photos.

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CADILLAC HOUSE: The Most Spectacular New Mecca for Selfie Culture

CADILLAC HOUSE: The Most Spectacular New Mecca for Selfie Culture

Wrote about Cadillac House when it first opened and was underwhelmed. Since then, they have dialed up their game thru collaborations with Visionaire and Neuehouse. Am still not convinced that any of this will move the needle one iota to make Cadillac more desirable for young influencers (the only person I saw anywhere near the cars, was a security guard, asleep at the wheel of one!!).

For those of you who are not familiar with Cadillac House, it functions simultaneously as a gallery, retail space, café and exhibition area for the brand’s new vehicles—a venue with an ever-evolving Cadillac point of view on subjects beyond automotive design.  It is located on the ground floor of their new headquarters in Soho. The move from Detroit was designed to show the brand’s commitment to innovation as well as make Cadillac cooler and more aspirational for millennials.

But business objectives aside, big kudos to VISIONAIRE and TOILETPAPER Magazine (co-created by artist Maurizio Cattelan and photographer Pierpaolo Ferrari) for this spectacular ‘more is more’ installation.

Judging by what I experienced this past Sunday, these wild, psychedelic domestic settings will become THE mecca for Selfie Culture. Expect to see your Instagram, Snapchat and Facebook flooded with images of visitors creatively inserting themselves into different parts of the installation. SO MUCH FUN!! Check it out in the video above as well as the pics below.

The show opened early February for NYFW and will run through April 12. It’s open 7 days a week and it’s FREE!
The Gallery at Cadillac House
330 Hudson Street New York City
Mon–Fri 8am–7pm Sat–Sun 10am–5pm

See below for more on the show and many more pics!

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NEW TECH JOBS: Is the Blue Collar Coder the Future?

NEW TECH JOBS: Is the Blue Collar Coder the Future?

Image Credit: Zohar Lazar

Brilliant article in Wired on how the next big blue-collar job just might be coding. Here are the highlights:

  • Only 8% of the nation’s coders are in Silicon Valley. The rest work in big and small cities around the country for every type of business from banking to retail to healthcare to insurance.
  • Politicians bemoan the loss of good blue-collar jobs but coding is the equivalent of skilled work at a Chrysler plant.
  • Instead of urging kids to enroll in expensive four-year computer-­science degree programs, let’s introduce more code at the vocational level in high school.
  • The national average salary for IT jobs is about $81,000 (more than double the national average for all jobs), and the field is set to expand by 12% thru 2024, faster than most other occupations.
  • There are 7MM job openings in occupations that required coding skills.
  • In Kentucky, mining veteran Rusty Justice decided that code could replace coal. He cofounded Bit Source, a code shop that builds its workforce by retraining coal miners as programmers. Enthusiasm is sky high: Justice got 950 applications for his first 11 positions. Miners, it turns out, are accustomed to deep focus, team play, and working with complex engineering tech. “Coal miners are really technology workers who get dirty,” Justice says.

Read on below for more on the emergence of social media videographers and why some analysts believe the tech industry is “primed for a significant reset” (i.e. layoffs).

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