Housing Is A Human Right

Over the last 17 years: China: +505% GDP → largest index down 35% U.S.: +75% GDP → S&P500 up 440% Same time period. I asked Kyle Bass (@Jkylebass) to explain why in this clip.

You think the S&P 500 Index is too concentrated? Try going to another country for a while. The US is one of the *least* concentrated markets. Here's countries ranked by the % of market made up by top 10 biggest stocks, via @psarofagis in a banger note out today that is part of our ongoing 'Stop Overthinking Everything Because the Market Loves Punishing Midwits' theme..

Looking to improve your visualization skills? Or just need some real inspiration in the sea of visual noise? How to Visualize Architecture breaks down the techniques behind Vision Awards–winning projects, showing how architects and creators use imagery to shape narrative, communicate ideas and bring concepts to life. Packed with examples across renderings, drawings, photography and film, this guide is designed to help you sharpen the way you present architecture. 👉 Pre-order your copy now: hubs.la/Q048pWdT0

Minnesota lake house features the perfect blend of modern and traditional onekindesign.com/minnesota-lake…

Housing Lottery Launches for 773 East 183 Street in Belmont, The Bronx newyorkyimby.com/2026/03/housin…

Inside a gorgeous home with inviting details in the Chicago suburbs onekindesign.com/gorgeous-home-…

@kevin_j_oneill @bobbyfijan I was thinking the same. Two sets of walls cost more than internal separations. The higher cost is usually due to fire code/ratings around at least two means of exit (typically at least two staircases separated by certain distances). That reduces overall net building usable sq ft

@bobbyfijan If they are less than 5’ apart the walls would still need to be fire rated, and even if 5’ apart you have to pay for siding on each wall so there’s no way connected townhouses are more expensive than detached.

Attached looks better … but is more expensive to build due to fire rating

THE NEXT LEG OF THE TRADE @grok @cvpayne Everyone is still crowded in: $NVDA $SMCI $AVGO That trade worked. But the next rotation is upstream. Watch this carefully: Energy / Power (the bottleneck): $XLE $XOP $ET $KMI $LNG $CEG $VST $OKLO Grid / Infrastructure (under-owned layer): $ETN $GEV $ABB $PWR $PRIM $IESC $FIX Domestic supply chain (fabs actually getting built): $INTC $GFS $GLW $AMAT $LRCX $KLAC AI + Defense (integration layer): $PLTR $TSLA $RTX $LMT $CRWV $NBIS Data center / cooling / backbone: $DLR $EQIX $VRT Next-gen / high beta (flow-driven): $IONQ $RGTI $QBTS $QUBT $IREN $CIFR $NVTS But here’s the twist… The REAL winners will be the ones solving the power constraint

Step into this gorgeous mountain farmhouse style home in Martis Camp onekindesign.com/mountain-farmh…

Dream Home Tour: An absolutely gorgeous modern French home in Utah onekindesign.com/gorgeous-moder…

The US should be overhauling and standardizing our building codes to allow this sort of development. The latter is key: to build quality at scale and affordability, you need standardized codes.

A restaurant made from 12 recycled shipping containers welded together, clad in rammed earth Finally shipping container architecture that looks great! By Wallmakers, in Tuticorin, India

Five detached houses form this build-to-rent residential project designed for flexible living. Each home includes adaptable rooms for work or rest, along with gardens, pools and outdoor spaces. 📍 Valencia, Spain Project by: ERRE architecture Details: hubs.la/Q047124k0

Sources & more in depth details from National Zoning Atlas report: static1.squarespace.com/static/623b33a… Report analyzing the impact of minimum lot sizes in Greater Boston. hks.harvard.edu/sites/default/…

The divergence between the performance of China’s economy and its stock market has been a topic for decades. This may finally explain it. ft.com/content/b43184…

Some houses aren’t designed from scratch. Some houses are already there, just waiting to be heard. 📍Merida, Mexico Project by: Veinte Diezz Arquitectos Photography: Eyes of Memo Details: hubs.la/Q046NRnr0

Over the past 20 years, America has basically stopped building condos. Owing to a mix of restrictive financing regulations and endless defect litigation, the most viable path to urban homeownership has largely disapprared. In my latest for @TheAtlantic, we explain why.

Building FOR SALE single-family homes and rowhomes in Opportunity Zones! LFG!!!! 🇺🇸🇺🇸🇺🇸🇺🇸

Anyone who thinks the big wave of "luxury" apartments doesn't benefit lower-income renters downstream isn't paying attention. Check out this chart. In any market above the red line, average rents (with concessions) are now affordable to renters at 60% area median income. That's the usual suspects of high-supplied markets: Austin, Raleigh, Salt Lake City, Denver, etc. Then look at the markets below the red line. It's the usual suspects of low-supplied markets like New York, San Francisco, SoCal, Boston, Chicago, etc. In those high-supply markets, wage growth has far exceeded rent growth for 3+ years -- boosting affordability. Not because of weak demand (it's the opposite). But because of high supply. Getting more in the weeds: This chart also shows why most affordable housing / LIHTC operators probably can't push rents to max allowable levels based on area median incomes. (Disclaimer: This is a very generalized estimate of max rent at 60% of AMI and 30% of income spent on rent, but doesn't account for utilities, neighborhood-level variability in market rent, etc etc.) When LIHTC max rents exceed market-rate rents (like in Austin etc) conventional apartments become more competitive with Class B & C apartments -- and renters may choose market-rate options given all the hassles and paperwork associated with affordable housing. BIG DISCLAIMER: Don't make the lazy mistake of concluding this means we don't need more affordable housing in these markets, or that 60% is too high etc. Why? It's absolutely critical to acknowledge that this is a TEMPORARY phenomenon resulting from the biggest supply wave in 50 years putting downward pressure on rents. Eventually, those market-rate rents WILL rebound and those LIHTC max rent premiums will evaporate. Remember that LIHTC max rents hold steady as a percent of AMI, while market-rate rents do not. So it'd be a HUGE MISTAKE to assume we don't need more LIHTC in these markets because if you take that mindset, you'll be caught by surprise when the dynamics change -- and it'll take 2+ years to get the supply response to address it. So keep building more housing of all types, including LIHTC.

Stunning mountain home in Lake Tahoe evokes contemporary barn feeling onekindesign.com/2019/01/21/mou…