Category: Asset management

A glut by any other name

20 October, 2009 (10:07) | Affordability, Apartments, Asset management, Demand, Housing, New York City, Theory, US News | No comments

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 [...]

The difference between property and assets

26 February, 2009 (14:28) | Asset management, Asset resolution, Capital markets, Due Diligence, Special services, Subprime, US News | No comments

Pay your loans or I’ll foreclose, threatens the lender, believing that to be an effective threat.
 

 
Or is it?
 
As illustrated a The New York Times article from a couple of months, there’s a huge difference between property, loans, and assets:
 
When the New York developer Harry B. Macklowe acquired the Drake Hotel almost three years ago [...]