Quotable
| “It’s a company town. one way or another, pretty much everything is tied to the real estate industry.” | |
| David Rattray, editor of the East Hampton Star, referring to competition among local newspapers for real estate classifed ads, as quoted in The New York Times | |
| “It’s one sheik trying to outdo another.” | |
| Marshall Gerometta, an editor at Emporis.com, referring to competing plans to build the world’s tallest building in Kuwait and the United Arab Emirates, respectively, as quoted in Condé Nast Portfolio | “As an LP, I don’t like the fact that they’re going public. I understand why. But I don’t like it.” |
| “The idea that this excess is some kind of a giant contagion that’s going to destroy the economy is preposterous.” | Edgar Alvarado, the head of real estate equity funds at Allstate Investments, referring to Blackstone’s IPO fling (p. 42) |
| Sam Zell, in an interview with the Associated Press, commenting on Wall Street’s adverse reaction to the downturn in the subprime lending market | “I went to sleep with the conundrum of how to make a Japanese capsule hotel acceptable in the west and woke up realizing the solution |
| “we are seeing the slow demise of the housing ladder, which is now completely out of reach for the majority of young people.” | was around me: All I needed to do was fnd the designer of the BA frst class cabin and ask them to help me design a hotel.” |
| Adam Sampson, director of housing and homeless charity Shelter, speaking about the London real estate market, as quoted in The Guardian | Simon Woodroffe, entrepreneur behind the British capsule hotel chain Yotel and the Yo! Sushi chain, referring to a recent British Airways fight, as quoted on his website |
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