Category: Bankruptcy

Month in review: May, 2014: Part 2, Homes are made into cities

2 July, 2014 (12:41) | Apartments, Bankruptcy, Detroit, Eviction, Hamden, Homelessness, homeownership, New Haven, New York City, Rent control, San Francisco, Sunset law, Urban homesteading, zoning | No comments

[Previous Months in Review available here: Apr 14, Mar 14, Feb 14, Jan 14] [Continued from yesterday's Part 1.] By: David A. Smith As we saw yesterday, during May I focused on US cities – Detroit, New Haven, San Francisco – whose urban policy regarding newcomers is as a seesaw to their economic prospects: the […]

Month in review: May, 2014: Part 1, Cities are made of homes

1 July, 2014 (10:52) | Apartments, Bankruptcy, Detroit, Eviction, Hamden, Homelessness, homeownership, New Haven, New York City, Rent control, San Francisco, Sunset law, Urban homesteading, zoning | No comments

[Previous Months in Review available here: Apr 14, Mar 14, Feb 14, Jan 14]  By: David A. Smith Cities are made out of homes, and homes are made by homeowners. When there is a dearth of homeowners, the price of homes drops, and the city’s society hollows out as fast as does its economy, making […]

Vote by Vote: Part 2, Down?

3 June, 2014 (18:52) | Bankruptcy, cities, cramdown, Detroit, municipal bankruptcy, real estate taxes, reorganization, US news | No comments

[Continued from yesterday's Part 1.]  By: David A. Smith  As we saw yesterday, Detroit’s emergency manager has moved with exemplary dispatch and direction to treat the city like any other large Chapter 11 reorganization debtor, including a commendable job of securing pre-approval from many creditor groups before facing the big unknown: the two large pension […]

Vote by Vote: Part 1, Cram?

3 June, 2014 (18:41) | Bankruptcy, cities, cramdown, Detroit, municipal bankruptcy, real estate taxes, reorganization, US news | No comments

By: David A. Smith Vote by vote, Detroit is restructuring the city’s finances, though because this is good news, it’s presented as bad news, as reported in the New York Times (May 13, 2014), with background provided in an earlier story, also in the New York Times (May 5, 2014): Detroit dropped tens of thousands […]

Block by block

23 May, 2014 (10:40) | Auctions, Bankruptcy, Cities, Detroit, Homeownership, Housing, Markets, Municipal bankruptcy, Theory, Uncategorized, urban homesteading, US News |

 By: David A. Smith For all the pixels burned crying panic at the possibility of Detroit filing bankruptcy, for all the specious unfounded blather that municipal bankruptcy was illegal, couldn’t possibly do good and would instead do incalculable harm, so far everything that has happened since Detroit filed has been good … but practical progress sells […]