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Why Cuba’s living nostalgia reminds me of U.S. real estate

03/14/2017

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HAVANA, CUBA — For me and for many U.S. visitors, Cuba presents a quandary.Standing still for 58 years without the benefits nor the downsides of modernism, the iconic island seems broken and messy, but it is also a rest from excessive consumption and our digital looniness.Simpler and slower with a welcoming attitude, Cuba still has operating phone booths while we rocket forward on the G5. To grab an Uber in Cuba is to hitchhike. Kids play freely in the streets in lieu of an iPad epidemic, and strollers are a rare sight.Over the decades, Cubans have faced constraints on freedoms, but everyone has a job, and the government provides universal health care, a free education and a guaranteed income.More than anything, Cuba represents living nostalgia. A natural response to change It reminded me of how we do real estate today in the U.S.; it too is wedded to the past and often resistant to change.I recently witnessed that yearning for another time when I was sitting…

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