Ghigliotty & Co.

Good writing will never go out of style. Now that we seem to have navigated the existential crisis posed by artificial intelligence, the good writers and creators are finding ways to use AI to help them be better. I wrote about this topic in my newsletter this past weekend. I also talked to Damian Ghigliotty about starting his own editorial services company, why his experience as a reporter makes him a valuable asset to his clients, and how companies should approach storytelling. The full interview is here: https://bit.ly/3AoBJyz (You can subscribe to my newsletter here: https://eepurl.com/dsAx9b)

I’m a week late to the discourse on national small business week and also believe pretty much every week should be national small business week. But I have to give a huge thanks to Carl Gaines, Megan Ferries, and Joanna Simon for inspiring me to become an entrepreneur and start my own content shop at the height of the pandemic with a baby-turned-boy! Good advice from good people is golden. Onwards and upwards! #entrepreneurship

Happy International Women's Day to the countless hard-working and aspiring female leaders, founders, employees, teachers, students, and others on LinkedIn. A big thank you this year to Geri Stengel, Lina Tafur, and all of the female and minority entrepreneurs they partner with and help inspire. I'm proud to be a collaborator on projects whenever needed. From my former journalism days I also just want to say thanks and happy IWD 2024 to Jill Gardiner Noonan, Heather Grossmann, Lauren Elkies Schram, Guelda Voien, Danielle Balbi, Kim Velsey, Emily Anne Epstein, Kathryn Brenzel, Katherine Clarke, Elizabeth Solomont, Katherine Kallergis, Ina Cordle, Heidi Patalano, Jennifer White Karp, Julie Steinberg, Indrani Sen, Dody Tsiantar, Sarah Bartlett, and so many others who have helped make me a better writer and editor over the years. #iwd24

I’ve been deep in HUD and FHA multifamily data for a client and can see a dozen unreported stories already. There is still so much untapped potential to create more rental housing around the country with insured financing for developers who have the right experience and equity backing. As everyone knows, construction, insurance, debt, land, and other costs have gone up substantially, which makes it harder for a lot of investors in 2024. At the same time, markets with favorable cap rates and gross yields in the Midwest, Sunbelt, and other regions are plentiful and there are clear opportunities to build more affordable, moderate-income, and market-rate housing in virtually all states. A big question on my mind is whether the latest data technologies, including generative AI, will lead to better multifamily analysis and more housing creation in the markets where demand is growing and there is a clear need for more apartments. More insights to come. #housingmarket #finance #technlogy

I imagine there's not much of a difference between having an institutional real estate giant like Related Companies and a major Wall Street firm like Cerberus Capital Management (albeit not the most comforting name) as a landlord. Let's not forget that Blackstone has been buying U.S. rental apartments for years and now owns more than 100,000 multifamily units. Regardless of ownership status, the only way to bring down housing prices is to increase supply. Investment and financing have to pencil out for housing markets to stabilize and if everyone blames interest rates nothing changes. Tenant protections can’t be overlooked in 2024 and HUD and the agencies can still do more to address today's many financing conundrums. But if the public sector can't move the needle on affordability, the private sector will do it at a cost. On the homebuying side, firms like Pacaso are taking innovative steps with shared ownership. We still need to see more affordability solutions on the multifamily side. #housingmarket #affordablility #newsolutions