Month: January, 2007

Really renters?

31 January, 2007 (09:02) | Uncategorized |

Does the Census mischaracterize people who live in mobile home parks?  A very clever friend of mine (who wishes to remain anonymous on this subject, let’s call him Mr. E) thinks they might.
 

My actual source is much better looking than this.
 
In a previous post, I listed six fundamental attributes that we normally associate with homeownership:
 

Unlimited […]

Starvation is bad for you

30 January, 2007 (09:32) | Uncategorized |

The simple fact comprising this post’s title seems to have escaped notice, for HUD (and Congress) seem determined to fulfill the prophecy of the Ghost of Christmas Yet To Come; at the moment, housing authorities across the country are being funded at a mind-boggling 76% of their requirements.  In other words, housing authority funding has […]

Barbarians: who’s playing whom?

29 January, 2007 (09:19) | Uncategorized |

 
Zell … ze-ell … ze-elll …
 
So far, the takeover battle between Blackstone and Dove Parent (the Vornado-led group) for the right to take Equity Office private (itself a remarkable event in the capital markets) has been seen mainly as two-handed poker: bet, raise, re-raise.  As summarized by The New York Times, first Vornado raised:
 
Last week, […]

See you, raise you?

26 January, 2007 (10:16) | Uncategorized |

Watch enough hold ‘em poker on television [Are you admitting you have no life? — Ed. And your point is? — Auth.] and you realize that poker is a story written by authors fighting for the pen, and the genius poker players spin tales with each bet.
 

 
Just as I was posting my recent speculations that […]

Back to rentals?

25 January, 2007 (09:43) | Uncategorized |

Thought we think of homes and apartments as existing in parallel universes, in fact they are mutable — not only do families migrate from one to the other, properties can also change their tenure appeal. 
 

It’s a mystery why markets blow hot and cold
 

Just as hot markets encourage apartment owners to convert their properties to condos, […]