How Brokers Benefit from Racial Tipping Points; Buying the Worst House in the Best Neighborhood
- When does it make business sense for a broker to trigger white flight? Or: How do brokerage fees anticipate a neighborhood’s racial transition? A new paper investigates. [CityLab]
- A new eight-unit condo building at 150 Richardson Street in East Williamsburg will launch sales next week. [6sqft inbox]
- Real Estate crowdfunding could top $2.5B in this year. [Finance and commerce]
- The rich get richer: Supermodel Karlie Kloss could make bank with the sale of her building. [NYDN]
- Why buying the worst house in the best neighborhood is a bad idea. [Quartz]
- The story of Jeff Keil, the man selling Brooklyn’s most expensive home at $40M. [NYO]
Images: Bed-Stuy homes (L); 173 St James Place. AKA the Feral Cat House of Clinton Hill (R)
