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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Real EstateStarbucks

Zillow CEO: Starbucks will boost your home’s value

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Christina Austin
Christina Austin
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By
Christina Austin
Christina Austin
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February 27, 2015, 5:04 PM ET
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Spencer Rascoff, CEO of Zillow (Z), joined Fortune Live on Friday and spoke with host Leigh Gallagher about trends in the real estate market.

One fascinating tidbit from his conversation: Zillow home value data show that between 1997 and 2014, homes located within a quarter-mile of a Starbucks (SBUX) increased in value by 96%, on average, compared with 65% for all U.S. homes.

If your home is close to a Dunkin’ Donuts (DNKN), its price would have appreciated 80% over the same time period, Zillow found.

Why does the Starbucks phenomenon happen? According to Rascoff, it’s because of the gentrification effect Starbucks has on an area — it brings in similarly valued retailers.

Coffee chains aren’t the only factor boosting your home’s value, Rascoff said. It’s best to live on a court or a way, versus a boulevard or a street, he noted. You’ll also want those courts and ways to be named instead of numbered.

For more, check out the video below.
[fortune-brightcove videoid=4083998797001]

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