Month: March, 2005

A landlord’s lot is not a happy one

27 March, 2005 (11:52) | Uncategorized |

From the New York Times (subscription may be required) comes this blackly humorous little tale of grownups behaving badly — internecine warfare among the high-rise high-livers:
 
Neighbors thrown together by financial happenstance or the luck of the real estate market are sometimes shocked to find themselves acting out childhood angst and rivalries at the condo or […]

Tax credits boost regeneration markets

26 March, 2005 (07:09) | Uncategorized |

Fannie Mae Foundation scholar and AHI affiliate Dr. Zhong Yi Tong — congratulations, Zhong Yi! — has released his landmark study, Washington DC’s First-Time Home Buyer Tax Credit (Adobe; read the executive summary and press release; Adobe) on the economic effects of the Washington DC first-time home buyer tax credits.  Although the DC home buyer […]

Fannie Mae changes how it pays people

25 March, 2005 (06:09) | Uncategorized |

As part of its penance, to quell the sound bites, and to improve its governance, Fannie Mae has moved to restructure its system of executive compensation:
 
In an announcement after the stock market closed, the troubled company said its board of directors decided Thursday [March 11, Ed.] that senior executives would be compensated instead based […]

Wolf, clothed sheep, fox, or hedgehog?

24 March, 2005 (06:28) | Uncategorized |

As usual, and except for its predictable headline (told you so!), the Economist (subscription required) has a useful take on Paul Wolfowitz’s nomination to head the World Bank:
 
The appointment of Mr. Wolfowitz at least shows that the Bush team takes the World Bank seriously. Mr. Wolfowitz may be controversial, but he is certainly no lightweight—and […]

RIP Cushing Dolbeare, 1927-2005

23 March, 2005 (13:22) | Uncategorized |

Last week, a great lady died … and though her role was ‘only’ in affordable housing, even the Washington Post took note:
 
She remained a tireless, fair-minded voice throughout the country and on Capitol Hill for millions of Americans who had difficulty finding affordable places to live.  Known for her ability to unite seemingly disparate […]