Affordable Housing Institute : US

Ever since I started in affordable housing thirty-plus years ago, knowing nothing about it but what I observed and deduced, I’ve been confronted with prejudice against ‘those’ people:
 
·         Those people aren’t like us.
·         Those people are lazy and just don’t want to work.
·         Those people are just out to beat the system.
·         Those people have […]

 [Previous months in review available here: Jul, Jun, May,  Apr, Mar, Feb, Jan-06, Dec-05.]
 

August is the month for hawking
 
The month opened with a carryover from July, as we considered the huge building boom about to hit the Big Easy in New New Orleans: start your economic engines: Part 1 and Part 2.  Meanwhile, the annual […]

[Continued from previous Part 1 and yesterday’s Part 2.]
 

Yesterday’s post calculated a post-conversion value for Stuyvesant Town in the range of $7.5 to $9.0 billion — what would possibly motivate MetLife, not exactly a doofus in finance, to offer it for 33% to 45% less than that?
 

“Ah, geeze, I dunno.”

It’s all about […]

[Continued from yesterday’s Part 1.]
 

Yesterday we saw that Stuyvesant Town, for so long a taken-for-granted functional-if-ugly fixture of the Lower East Side, is now ‘in play’ in Wall Street terms, very likely to transact to a new professional, well-capitalized, highly motivated buyer.
 

It’ll take some vision to make this sparkle.
 

Among the great ironies […]

Say what one will about New York [And you do! — Ed.], no one can deny they do things in a financially big way, and the starting gun has just been fired on what is sure to be a multi-post, multi-year, multi-billion-dollar …
 

Back when a billion dollars was a lot of money
 

… […]