August 2020 update


Here is your monthly “Gladstone Gazette” update – a quick summary of what I’m working on, learning about, and interested by in the world of real estate.

Noteworthy News

Gladstone Capital updates

  • Spencer ave (Chelsea) is flying along. Mechanical connections are wrapping up by the end of August, and the floodgates will open to potential buyers starting mid-September. Broker open houses went great and we have armies of agents ready to send buyers through as soon as the units are patched and plastered.  
  • Saratoga St (East Boston) is flying along. The highlight so far is seeing how nice the rooftop view will be!

What I’m..

Waiting for: The next round of COVID stimulus. I understand the need to balance action and thoroughness… but I’m surprised there wasn’t at least a temporary extension on the bonus unemployment benefit. The loss of the $600/week bonus payments is expected to result in a 44% reduction of spending, according to the NBER. I was concerned about the bonus payments dampening incentives for people to get back to work (when jobs come back), but this WSJ article made me second guess that assumption.

Reading: “Why Real Estate Will Always Be More Desirable Than Stocks.” The Financial Samurai is one of my favorite personal finance blogs, and I’ve noticed a push towards more real estate related blogs over the past year or two. See also his 30/30/3 rule for buying your first (or next) home.

Surprised by: Apparently Blockbuster has a Twitter account? They came out of nowhere and tweeted for the first time since 2014. Why? The last remaining Blockbuster – located in Bend, Oregon –  is offering up three, one-night stays on Airbnb. Bananas. 

Thanks for reading and please give me feedback by responding to this e-mail. What do you want more or less of? Let me know! 


P.S. if someone forwarded this email to you, you can subscribe here to get on our mailing list.


get in touch