Category Archives for "Architecture"

Jun 04

How to more than double the value of rental property through animation: the PAAN Report

By Bruce Firestone | Architecture , Business Coaching , Design , Entrepreneurship , Finance , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

Most real estate investment coaches/mentors, concentrate on house flipping, no-money-down transactions, cost-cutting, how to buy below market (often by submitting dozens or even hundreds of offers until some naive seller bites on one), purchasing foreclosed property or tax sale property… It all amounts to the same thing IMHO: Everyone is looking for a shortcut to […]

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Jun 03

Why I don’t like retirement residences as an asset class

By Bruce Firestone | Architecture , Business Models , Design , Entrepreneurship , Finance , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

I have felt negatively about these constructs for a long time (I’ve been known to call them “vertical warehouses where people go to wait for death”), but my thoughts crystallized when a friend of mine moved from her farm into a brand-new facility. It costs her $5,500 a month for a room with a cot, […]

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May 26

What’s holding back the economy?

By Bruce Firestone | Architecture , Business Models , Design , Entrepreneurship , Finance , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Sales & Marketing , Urban Economics

In a ground-breaking study[1], University of Chicago Booth School of Business economist Chang-Tai Hsieh and University of California at Berkeley professor Enrico Morerri reported that restraints on new housing prevented people, especially young talent, from moving to or staying in clusters of innovation. They found that such constraints: “lowered aggregate US growth by 36 percent […]

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May 05

How economic development is impacted by a city’s zoning and official plan

By Bruce Firestone | Architecture , Design , Ideas , Real Estate , Urban Economics

(A version of this article first appeared in OBJ, Ottawa Business Journal, https://obj.ca/article/op-ed-zoning-better-ottawa. An online poll is available for you to make your views known until May 31, 2019 here, https://docs.google.com/forms/d/e/1FAIpQLSedsKa0yykFAqStVgMvZwBux1QTfknZ3TIn8tuspcHjPZ1dHA/viewform). Introduction Urban guru, the late Jane Jacobs had a theory—the closer government is to people, the more important it is to citizens and also […]

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Apr 15

Stupid Zoning Rules

By Bruce Firestone | Architecture , Business Coaching , Business Models , Design , Entrepreneurship , Finance , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

Here’s an excerpt from a book I wrote (Jenna’s Story, https://brucemfirestone.com/product/jennas-story/) in which Jenna McConnell launches into a diatribe on how stupid zoning regulations help the top .01% (which she calls “Big Mules” or “Equity Lords”) control almost all the levers of political and economic power. Jenna is from South Carolina and proudly speaks like […]

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Apr 15

Selling Towns Should not be a Swimsuit Competition

By Bruce Firestone | Architecture , Business Coaching , Entrepreneurship , Real Estate , Real Estate Investment Coaching , Sales & Marketing , Urban Economics

Look at the way this developer sells towns… see below. It’s more of a “swimsuit” competition rather than a value proposition. Key words: “limited” “priced low” “hardwood “ceramic.” #BigMistake IMHO They do OK on location but are missing out on any of these desirable characteristics: walkable, mixed-use, transit, nearby attractions, employment opportunities… which would help […]

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Apr 09

Who needs a basement or sideyard apartment or a backyard coach house?

By Bruce Firestone | Architecture , Design , Finance , Ideas , Real Estate , Real Estate Investment Coaching , Sales & Marketing , Urban Economics

If you talk to many developers like I do, the answer to this question is often, “No one” or “Not many.” I disagree. Market segments which need the extra income or space include: -seniors who need extra income for their retirement-millennials who need extra income to help pay their mortgages -investors who need higher cap […]

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Apr 08

10 decisions that made Ottawa, Ottawa

By Bruce Firestone | Architecture , Entrepreneurship , Sports & Entertainment , Urban Economics

Andrew Duffy writes that ten crucial events shaped my hometown of Ottawa; the work I did with my dedicated team at Terrace Investments Limited (the first part company of the Ottawa Senators and their home arena, Canadian Tire Centre) comes in at #9, https://ottawacitizen.com/news/local-news/ten-of-the-decisions-that-made-ottawa. Those ten fateful events? 1. To found Wright’s Town at Chaudière […]

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Mar 18

Sens founder Bruce M Firestone & OBJ publisher Michael Curran discuss the city of Ottawa’s new official plan

By Bruce Firestone | Architecture , Design , Entrepreneurship , Finance , Ideas , Real Estate , Urban Economics

How can people from all sectors get involved in the city of Ottawa’s new official plan (OP)? Here are three ways: 1. answer a few poll questions (yet to be created) 2. attend a zoom townhall meeting on the subject (yet to be scheduled) 3. do a 1-on-1 zoom meetup with Firestone to talk about […]

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Mar 15

Thinking about adding a backyard Coach House?

By Bruce Firestone | Architecture , Business Models , Design , Entrepreneurship , Finance , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

Coach houses (sometimes referred to ask “Granny Flats” or ADUs, accessory dwelling units) have been legal in Ottawa Canada since November 2016 and this trend (adding an ADU to your existing lot/home) is spreading across North America. Why? Well, for one, cities are worried about providing more affordable housing and more rental units. Secondly, parents […]

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