Month: February, 2008

Stakeholder incentives: the five Chinese brothers

29 February, 2008 (11:31) | Essential posts, Partnership | No comments

When I was a very little boy, my grandmother’s house, an unbelievably long ­are-we-there-yet? place six hours’ drive down the Merritt Parkway, the Wilbur Cross, and the Garden State Parkway, was a magical place. 
 
Bridges inspired by Robert Moses to keep out trucks
 
It had stucco walls, a screened-in back porch, and railroad tracks just behind, and [...]

Love my apartment, love me?

28 February, 2008 (10:04) | Tenure, Theory, US News | No comments

Because the home encases a household, changes in housing consumption usually are caused by changes in family status — marriage, children, emptying the nest, downsizing, moving to congregate living.
 
Might we have the causality backwards? 
 

What do you mean, I have a clear view of where I’ve been!
 
Might the pressures of housing cost trigger household [...]

World’s first homeownership subsidy

27 February, 2008 (11:06) | History, Tenure, Theory, Workforce housing | No comments

The other day (while reading William Rosen’s intriguing history, Justinian’s Flea), I came across what I think is the world’s first homeownership subsidy, the panes aedium of Constantine I and his capital Constantinople:
A man and the city he envisioned: Constantine and Constantinople
 
Though only a few hundred of the city’s private residences could be called mansions, [...]

The next slum? No such luck, Part 2

26 February, 2008 (05:43) | Cities, Markets, Subprime, US News | No comments

Yesterday we were introduced to Christopher Leinberger’s anticipatory obituary of McMansions in his Atlantic essay in wish-fulfillment schadenfreude, “The Next Slum?” with its harrowing subtitle:
 
“The subprime crisis is just the tip of the iceberg. Fundamental changes in American life may turn today’s McMansions into tomorrow’s tenements.”
 

Man, and I thought the suburbs were dangerous
 
(Note the handy [...]

The next slum? No such luck, Part 1

25 February, 2008 (10:30) | Cities, Markets, Subprime, US News | No comments

Recently the Atlantic monthly published an essay in wish-fulfillment schadenfreude,
 

You mean no AHI blog posts for me?
 
“The Next Slum?” whose premise — that McMansion buyers get their bad-taste comeuppance — doubtless appealed to the editors’ sensibilities. 
 

The universal definition of a McMansion is a house noticeably larger than we’d want to live in
 
“The subprime [...]