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At Manchester Capital Management, we have always believed that real estate can be an excellent long-term store of value —in today’s market, however, success increasingly depends on owning the right assets in the right places. The US commercial real estate landscape is in transition. Years of tightening monetary policy and price corrections have given way to a period of slow recovery, where discerning investors can find compelling opportunities in regions and property types supported by strong demographic and economic momentum. This is where we feel MCM excels — helping our clients cut through generalizations and find value where others may see only uncertainty. This month, we’re pleased to feature insights from Corbin Rich, Managing Director and Head of Real Estate, who offers a thoughtful update on the current state of commercial property markets and the key trends shaping future opportunities. “How is the market right now?” I often get this question about commercial real...
08.15.2023
The cost of a college education is typically the first great expense a young person encounters. According to the Massachusetts Educational Financing Authority (www.mefa.org), an average in-state public college will run roughly $24,000 for the 2023-2024 year and a little more than $100,000 for a four-year degree. Meanwhile, the average private college will cost about $55,000 for a starting freshman and could total more than $230,000 over the course of four years. Herbert Stein, an American economist, famously said, “If something cannot go on forever it will stop.” The growth of college costs will peak at some point and then recede; when that will occur is much more difficult to predict. Until that time, we will address circumstances as they currently are—how to finance this significant expenditure and how to view saving for college as a wealth transfer strategy. For the purposes of this piece, we will assume that our future...
