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 |

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 […]

The difference between property and assets

26 February, 2009 (14:28) | Asset management, Asset resolution, Capital markets, Due Diligence, Special services, Subprime, US News |

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 […]

Finance type: the House of the Three Mortgages

18 May, 2007 (09:57) | Asset management, Government, Holmes on housing, Housing finance |

“Holmes,” said Watson, turning a five-pound note between his fingers, “I’ve been thinking back to our visit to your brother Mycroft and that extraordinary bank — I should say, investment bank — of which he is a director.”   The carriage of a banker: Mycroft Holmes   Holmes looked up from the Times, where he had been […]