Every month, Redfin publishes two newsletters on real estate prices. One, usually published on the last Tuesday of every month, is a Redfin Roundup, which synthesizes data collected by economists, government agencies and others to provide a complete portrait of what happened in the market over the past month. The other is Redfin Insider, usually… Read More
Until last night, I’d never agreed with the Wall Street Journal editorial page, which is far to the right of any moderate conservative or liberal stance. But I couldn’t agree more with its spirited defense of itself in the wake of the British hacking scandal. Already, Reuters’s Felix Salmon has posted a survey asking if the… Read More
When I first started out in Silicon Valley, the Internet was like that clothing label for African Americans, FUBU: for us and by us. Most websites were an echo chamber for highly educated people to hob-nob with one another. Most entrepreneurs took Mike Moritz’s advice to build products for themselves, only discovering other users later… Read More
What was unnerving about the career of English poet John Milton was his unshakable conviction beginning in adolescence that he would write Christianity’s great poem, and the actual age at which, deep in blindness, he would dictate the elaborate epic to his daughters: 58. Paradise Lost encompassed the early modern world’s total understanding of theology… Read More
It is strange but true that the most universally agreed-upon tragedy in American real estate is falling prices, otherwise known as more affordable prices. But the actual tragedy is that the people who need affordable homes the most today can’t buy them: banks today often won’t lend money to reach-up buyers and, when selling foreclosed… Read More
Everybody knows the story: in the first Internet boom, new companies rode high on staggering losses only to face bankruptcy once the music stopped. At the height of the madness, a single Internet startup lost $720 million in one year, but was somehow valued at $25 billion. Now as companies invent arcane financial metrics to… Read More