Another rental option — a lease with an option to buy — could become more popular as pandemic-induced uncertainty in the market makes some home shoppers want to rent a residence for a few months before buying it. “You might consider trying to build a lease option if you think it’s something that you might want to buy, but you’re kind of test-driving it first,” said Billy Rose, co-founder and president of The Agency, a brokerage headquartered in Los Angeles.
.“This limited edition of homes will never be expanded—and will, in fact, likely diminish—because one will be destroyed somehow,” said Billy Rose, president of the L.A.-based real estate firm The Agency, who sold Case Study House #20A for $12.5 million in 2016. “There is some intrinsic value to that.”
“We’ve done analyses in the past in Los Angeles that showed if you’ve owned anywhere in the city for any seven-year period of time, you’ve always made money,” said Billy Rose, co-founder of The Agency.
The Agency expands into Aventura and Coral Gables Brokerage also tapped to handle new dev projects in Aventura, Fort Lauderdale and Bay Harbor Islands. The Agency is opening offices in Miami-Dade County and expanding its new development division...It’s been on an expansion tear since it was founded by Mauricio Umansky, Billy Rose and Blair Chang in 2011.
“When you pencil it out, I don’t really see how the dots connect for a developer,” says Billy Rose, president and co-founder of The Agency. When asked about potential buyers, Rose speculated that perhaps a wealthy family could build a compound there. Or he imagined an enclave of elite, like-minded billionaires creating the most technologically advanced community of all time...
