Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work Mapping the Terrain w/ Dror Poleg
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Jan 20, 2025 Dror Poleg, an expert in real estate and economic history, shares intriguing insights on the future of work and the challenges in urban development. He discusses the impact of technological advancements on productivity and inequality, emphasizing a cultural shift towards valuing skilled trades. The conversation delves into geopolitical influences on the real estate market and the necessity for the wealthy to contribute more through taxation. Dror also reflects on modern warfare, AI innovation, and the evolving dynamics of energy production and defense.
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London Office Market
- London office vacancy is twice as high as in 2019, but still lower than U.S. cities.
- Demand exists for newer, well-amenitized offices, but with shorter leases and higher landlord costs.
Urban Development Challenges
- High land and labor costs drive up housing prices, making it unaffordable for many.
- Cities should prioritize walkability, mixed-use development, and attractive public spaces.
Rethinking Productivity
- Traditional productivity measures are flawed and don't reflect the changing nature of work.
- Focus on consumption and access to goods and services instead of production output.