This article summarises our published paper Yiu, Cheung & Xiong (2023). For details, please download the full paper. What is Co-living? How does it differ from Co-housing and Sub-divided Units? Several models of shared living space exist, including co-housing, co-living and sub-divided units: Co-housing is like a dormitory where tenants share both private and communal living spaces. — lowest level of privacy…

AI, or artificial intelligence, is widely believed to have the potential to disrupt traditional business models and build successful startups. PropTech industry, for example, has intensively incorporated AI into their businesses in different ways. Unfortunately, some of them had already failed or met with some challenges. Admittedly, it is normal…

Before the pandemic, as house prices in many countries had been growing rapidly during the ultra low interest rate decades, many people preferred buying homes if their financial situations allowed. Interestingly, however, many analysts and websites discussing the consideration of deciding buying or renting a home talk about opportunity costs…

In the realm of classical economics, the examination of the impact of monetary policy on housing markets did not garner significant attention until the 1970s, particularly after the occurrence of the 2008 financial crisis. This development can be attributed to the announcement made by the US President Richard Nixon on…

Intrinsic Limitations of AI — ChatGPT — ChatGPT is undeniably powerful and versatile, there have been many articles and videos demonstrating the power and applications of ChatGPT. However, there are very few discussions on the intrinsic shortcomings and limitations of ChatGPT. Admittedly, ChatGPT has the capacity to self-improve by learning its own mistakes and errors. However, there…

[This article summarizes my published paper at Urban Science: Yiu, C.Y. (2023) Are Central Banks’ Monetary Policies the Future of Housing Affordability Solutions? Urban Science, 7, 18. https:// doi.org/10.3390/urbansci7010018] A Rollercoaster Ride of Global Real House Prices We are experiencing a rollercoaster ride of global real house prices. Figure 1 shows how exciting the rollercoaster is. Take New…