Month: July, 2005

Choosing for age

15 July, 2005 (09:45) | Uncategorized |

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Housing development follows demography, and with America graying, developers have found a profitable niche in age-restricted (don’t say “elderly only”!) properties:
 

Born in 1950, now 55
 

Born in 1950, now 55

 
New housing restricted to residents 55 and over is surging in Massachusetts, a trend that builders say is a [...]

Struldbrug buildings

14 July, 2005 (09:19) | Uncategorized |

 
One day, in much good company, I was asked by a person of quality, whether I had seen any of their struldbrugs, or immortals?
Jonathan Swift, Gulliver’s Travels, Chapter 26
 
To the transatlantic visitor (one from a land where a Greyhound Bus Terminal carries a proud plaque naming it a Certified Historic Structure),
 

You have to admit, [...]

Future bubbles?

13 July, 2005 (09:22) | Uncategorized |

As those who remember Y2K can attest, with the first global celebration in < ?xml:namespace prefix ="" st1 />Sydney Harbor, every new day begins in Australia (or its feisty neighbor New Zealand).  < ?xml:namespace prefix ="" o />
 

 
With the Aussies always living in the future, might their home ownership markets presage changes in US markets?  [...]

Spot the good guy

12 July, 2005 (09:26) | Uncategorized |

As part of the New York Times’ continuing series of the absurdities of New York City rent control (and its upgrade, rent stabilization), I give you this little morality play:
 
ALBANY, June 30 – All right, it did not have all the sex and violence necessary for a sensational trial by West Coast standards. But for [...]

Saving precedes borrowing

11 July, 2005 (09:30) | Theory, Uncategorized |

By far the most common barrier to first-time homeowner is the down payment, so it will come as no surprise that many government programs offer low down payments or down payment assistance — to say nothing of the friends, relatives, and above all parents who offer up gifts (or their close counterpart, the informally-soft loan, [...]