COVID-19 and Attainable Housing: While the ongoing pandemic is testing the real estate market, the attainable housing sector has demonstrated to be a resilient and defensive asset class. The reason lies in the deep-rooted shortage of affordable/ attainable housing units in the US. Indeed, the impoverishment of the traditional middle-income class, coupled with the attraction…
According to a recent study from McKinsey*, “construction is the biggest industry in the world, and yet, even outside of crises, it is not performing well. The ecosystem represents 13 percent of global GDP, but construction has seen a meager productivity growth of 1 percent annually for the past two decades. Time and cost overruns…
Join Sarah Haccoun on December 9th, 2020 at the upcoming Real Estate & Private Wealth Management Online Summit as we discuss Benefits and Opportunities in Workforce Housing. Thank you the Marcus Evans for inviting Monceau Real Estate.
The world was still feeling the aftershocks of America’s subprime mortgage crisis when Julien Haccoun landed his MBA and became a principal of his family office in South Florida. The country’s unemployment rate was stuck at about 9 percent, and the housing market had yet to recoup. Rather than returning to his native France after…
Affordable housing is targeted to low/average income earners, for example, those who earn minimum wage or individuals who are receiving government assistance such as seniors or people with a disability. Attainable housing, which used to be called Workforce Housing, focuses on average/medium-income households who have been priced out of the market or are struggling with…
In the wake of the COVID-19 pandemic, our middle class has been hit the hardest. With the ever-increasing costs of maintenance and supplies, the shortage of attainably priced housing has become the most urgent crisis in the state. Even before the pandemic, more than a third of renters are spending over half of their income…
We are glad to see that Green Mills Group has planned to build its third apartment complex in the Goulds area, confirming the strong attractivity of this dynamic neighborhood. Monceau Real Estate has been investing in the Goulds area and more broadly in all along the South Dade corridor for a while. Our team realized…
The Strategic Miami Area Transit (SMART*) Plan is an $8.5B investment plan enacted in 2016 by the County of Miami and consists in building within 10 years 6 rapid-transit corridors. The South-Dade Transitway will be the first corridor to open and will begin to operate by 2022. It consists of a 20-mile rapid-transit bus…
Our group is actively looking to acquire lands for development in South Florida to build middle class communities from 70 to 250 units. Please send all opportunities to [email protected]. Thank you.