Developing Affordable Housing Ecosystems World Wide
By:David A. Smith For the most full-on Monet of reasons (“from far away, it’s okay, but up close it’s a big old mess”), Signapore has imposed a hefty surtax on foreigners buying residential property in their thriving city state. As reported in the Wall Street Journal (January 29, 2013): Singapore’s Housing Tax Hits [...]
By: David A. Smith Markets create information, and they depend on that information being reported and aggregated. At the same time, markets can be manipulated by information – that’s why insider trading is illegal – so when the ostensibly reliable disinterested referees abandon scorekeeping, people can become upset, as reported in the Wall Street [...]
By: David A. Smith Continuing its search for something new to tax, the State of New York has stumbled upon a strategy that for sheer technical brilliance rivals any of the great schemes of the past: taxing income based not on where it was earned, but on the potential for the taxpayers’ to occupy [...]
By: David A. Smith Just as matter and energy are alternate forms of the same cosmos, so too are markets and information alternate forms of capital movement. Each needs the other, and each can be turned into the other: · Market data, if captured, becomes information · Information, if presented before a universe [...]
By: David A. Smith [Continued from yesterday's Part 1.] Yesterday we demonstrated that appraisals, by their very nature, are both limited approximations and biased toward the recent past at the expense of the present, resulting in depressed values in a depressed market, a self-reinforcing cycle. The past is a land of everlastin’ [...]
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