surf-pod n.— «Chintzy hotels are being turned into trendy apart-hotels—flats with hotel services—while tired guest houses are being converted into studio flats, or surf-pods, as the developers call them.» —“Building bonanza for Cornwall’s capital...
bash and build n.— «Financially speaking, there are far worse fates for a homeowner than to be the neighbor of a “bash and build.” Love them or hate them, teardowns generally bolster the resale prices of their neighbors.» —“The Heart of Teardown...
scratch and dent loan n.— «A company that invests in high-yield real estate debt is looking to buy loans that have been “kicked out” of commercial MBS deals. Midwest Equities of St. Louis has initially allotted $50 million for the purchase of...
flex-space n.— «Flex-space, a term used to describe buildings with commercial space on the ground floor and residential space on upper floors, would be used by both developers.» —“Developers vie for Vandaveer Ranch” Mountain Mail (Salida...
pixie money n.— «Heard a new phrase recently: “Pixie money.” This, it was explained to me, is money that doesn’t really exist. For example, you could sell your Regina bungalow for $50,000 or $100,000 more than you paid for it, but you’d then have...
rip deal n.— «The most common scam, known as a “rip deal”, originated in France and has spread into Spain. It works like this: people posing as buyers contact you, pretending to be keen to buy quickly, without viewing, no questions asked. They give...