Developing Affordable Housing Ecosystems World Wide
Did you ever fight with your sibling over who got the ice cream cone, only to see it splatter onto the sidewalk?
Who ordered the large?
That’s the sinking feeling probably being experienced by the government public-private team trying to recruit developers into their Herculean effort to redevelop Mumbai’s Dharavi slum, as the global credit crunch thins [...]
By: David A. Smith
[Continued from yesterday's Part 1.]
As we saw yesterday, the first new development in the Kibera slum upgrading has finally broken ground, nearly eight years after initial conception.
The former is supposed to be replaced by the latter
Background: A while ago [Early September – Ed.], Kenya’s newspaper The East African Standard published a great [...]
By: David A. Smith
A while ago [Early September – Ed.], Kenya’s newspaper The East African Standard published a great and extensive series on the proposed upgrading of Kibera: Africa’s largest slum, which I visited in 2005.
The mud structures (in the foreground) will be replaced by the new housing units (in the background) in Kibera under [...]
By: David A. Smith
[Continued from yesterday's Part 1.]
Yesterday’s post opened the topic of payday lending as exploitive microfinance, designed not to maximize the borrower’s well-being but rather to hold that borrower on the razor’s edge of permanent default, as illustrated by this article from the Washington Post:
Meanwhile, big companies are muscling into a sector that [...]
By: David A. Smith
In business, does motivation matter? Or are markets sufficiently rational that our apologias are meaningless, and we should be judged exclusively by our actions? This philosophical question lies submerged under every new lender and loan product, for every action – extending or denying credit, charging too high a rate – can be [...]
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