Developing Affordable Housing Ecosystems World Wide
If to a hammer everything looks like a nail, to a government everything should be solved by lawyers, guns, or money. So when the government factory wants to achieve particular public-policy results, it manufactures either or both of its products – laws and money – to motivate private participants, principally Mission Entrepreneurial Entities (MEEs), as [...]
By: David A. Smith
… is affordability?
Am I up when you’re down?
When the homeownership rate drops, what happens to apartment occupancy? As illustrated by this Wall Street Journal article, the answer depends on two factors:
1. Why homeownership rates are dropping
2. How long it has been since the homeownership drop began
Start with a fact.
Start with [...]
[Continued from yesterday’s Part 1.]
Yesterday we saw that even with strong Administration and Congressional pressure for lenders to modify loans, and modest financial incentives to loan servicers achieving successful workouts (we’ll return to those below), as chronicled in this Wall Street Journal, many people – at least, the Journal had no trouble finding plenty – [...]
With loan modifications on everyone’s lips, how easy is it to do?
When you’re denied something, a chasm separates being told I won’t help you from I can’t help you.
It ought to be easy, oughtn’t it? Hard-working people who suffer temporary setbacks deserve mercy from their lender. For the lender, mercy will be good business, as [...]
To make housing affordable, why don’t we lower its costs, using mass production?
“A car that ordinary Americans can afford.”
Henry Ford with his Model T
For nearly a century, that thesis has appealed to automotive titans, of whom the latest is from India, as reported in the Financial [...]
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