Developing Affordable Housing Ecosystems World Wide
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4. Historic designation has negative value
If a building is a certified historic structure, any renovation requires approval by the state historic commission or state historic preservation officers. These folks have a charming ignorance of finance, a willful lacuna concerning the Law [...]
So you want to be an urban re-developer?
“I can make this neighborhood .. come alive!”
Nuestra Comunidad’s recently completed historic rehabilitation of Roxbury’s Dartmouth Hotel tells an extraordinary story (for a full report, see Affordable Housing Finance’s useful writeup) illustrative of the many challenges and principles of renovating urban neighborhoods:
1. [...]
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If gloom-and-doom newspaper articles moved markets, house prices would long since have dropped … but they haven’t. Why not?
“Sorry, the monetary policy was over here.“
For that matter, the < ?xml:namespace prefix ="" st1 />United States is running major budget deficits and a gargantuan trade deficit, yet our interest rates [...]
Since housing’s price is intimately related to the cost of capital, policymakers and financial analysts frequently reference the yield curve –
– a simple graphic representation of the relationship between interest rate and loan term.
Consider a two-dimensional graph:
The horizontal axis is loan maturity, starting with very short intervals (one week, or even overnight) at the [...]
When Greenspan speaks, markets listen — even though he has a reputation for oracular obscurity that he likes to burnish:< ?xml:namespace prefix ="" o />
“I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said”
He was in full metaphoric flight yesterday in testimony before Congress’s Joint [...]
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