3 Aug 2026Why beautiful assets can still be terrible investmentsThe two judgements are unrelated, and conflating them is the commonest error in leisure property.How it works
16 min read3 Aug 2026Houses that get better when it rainsMost buildings are photographed in sunshine and endure the rest. A few are designed the other way round.A place
7 min read3 Aug 2026What the sea does to timePeople describe the coast as relaxing. What they usually mean is that it is loud enough to stop them thinking, and slow enough that they notice.A place
5 min read3 Aug 2026The real cost of a house you use thirty days a yearSecond homes are usually evaluated on the purchase price. The purchase price is rarely the part that goes wrong.How it works
8 min read3 Aug 2026The four thousand weekends problemA life is about four thousand Saturdays. Most people spend the middle third of them within forty minutes of where they work.A place
6 min read30 Jul 2026What this platform does not doA list of things we have been asked for and declined, with the reason for each. Shorter to read than finding out later.Why it is built this way
4 min read24 Jul 2026The night is not the productEntitlement is an incident of a capital position, not the reason it exists. Getting that backwards changes what the platform is.Why it is built this way
5 min read19 Jul 2026Two watersA sandbar at Padubidri with the Arabian Sea on one side and the Shambhavi estuary on the other, and what that costs to build on.A place
6 min read11 Jul 2026Reading a modelled numberEvery forward-looking figure on this platform carries a class saying how it was arrived at. Here is what each one is worth.How it works
5 min read3 Jul 2026Governance without ownershipThe party that writes the rules holds no equity in the vehicles those rules govern. This is the entrenched clause, and it is the expensive one.Why it is built this way
6 min read25 Jun 2026What settlement changesThere is a precise moment at which a person becomes a partner, and it is not the moment they press the button.How it works
5 min read14 Jun 2026The waterfall, read from the bottomSix stages, in order. The number that matters to a partner is the last one, and most documents show you the first.How it works
7 min read2 Jun 2026Why a body corporate, and not a share of a buildingThe structure was chosen for what happens when things go wrong, not for what happens when they go right.Why it is built this way
6 min read
16 min read3 Aug 2026Houses that get better when it rainsMost buildings are photographed in sunshine and endure the rest. A few are designed the other way round.A place
7 min read3 Aug 2026What the sea does to timePeople describe the coast as relaxing. What they usually mean is that it is loud enough to stop them thinking, and slow enough that they notice.A place
5 min read3 Aug 2026The real cost of a house you use thirty days a yearSecond homes are usually evaluated on the purchase price. The purchase price is rarely the part that goes wrong.How it works
8 min read3 Aug 2026The four thousand weekends problemA life is about four thousand Saturdays. Most people spend the middle third of them within forty minutes of where they work.A place
6 min read30 Jul 2026What this platform does not doA list of things we have been asked for and declined, with the reason for each. Shorter to read than finding out later.Why it is built this way
4 min read24 Jul 2026The night is not the productEntitlement is an incident of a capital position, not the reason it exists. Getting that backwards changes what the platform is.Why it is built this way
5 min read19 Jul 2026Two watersA sandbar at Padubidri with the Arabian Sea on one side and the Shambhavi estuary on the other, and what that costs to build on.A place
6 min read11 Jul 2026Reading a modelled numberEvery forward-looking figure on this platform carries a class saying how it was arrived at. Here is what each one is worth.How it works
5 min read3 Jul 2026Governance without ownershipThe party that writes the rules holds no equity in the vehicles those rules govern. This is the entrenched clause, and it is the expensive one.Why it is built this way
6 min read25 Jun 2026What settlement changesThere is a precise moment at which a person becomes a partner, and it is not the moment they press the button.How it works
5 min read14 Jun 2026The waterfall, read from the bottomSix stages, in order. The number that matters to a partner is the last one, and most documents show you the first.How it works
7 min read2 Jun 2026Why a body corporate, and not a share of a buildingThe structure was chosen for what happens when things go wrong, not for what happens when they go right.Why it is built this way
6 min read
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