Category: Co-ops

Month(s) in Review, June and July, 2016: Part 2, From abbey to Madonna

23 August, 2016 (09:00) | Abbeys, Apartments, cathedrals, Co-ops, company town, Employer-assisted, History, Jeddah, kayfabe, Month in review, New Lanark, Roman Empire, Speculation, Trimontium, Workforce housing | No comments

By: David A. Smith   [Continued from yesterday’s Part 1.]   Yesterday’s Part 1 of the two-month retrospective covered my ruminations about walled cities, some of which, like Jeddah, Saudi Arabia, eventually no longer needed their walls and burst their boundaries; some of the others built around medieval castles retreated into ever-smaller grounds, by the […]

Month(s) in Review, June and July, 2016: Part 1, From Jeddah to castle

22 August, 2016 (09:00) | Abbeys, Apartments, cathedrals, Co-ops, company town, Employer-assisted, History, Jeddah, kayfabe, Month in review, New Lanark, Roman Empire, Speculation, Trimontium, Workforce housing | No comments

By: David A. Smith   Beginning in June, I did something that I hadn’t done for over a decade – after having posted one installment every business day since mid-2005, I ended up skipping quite a few business days, the blog being a temporary casualty of a stretch of both intense AHI work and four […]

Bitch, we’re the co-op board

25 July, 2016 (09:00) | Apartments, Co-ops, Condominiums, Harperley Hall, kayfabe, Law, Louise Ciccone, New York City, US News | No comments

  By: David A. Smith   I always thought I should be treated like a star. – Madonna Ciccone Blogs must be entertaining or they are nothing, and few things can be more entertaining than mocking a self-important bloviator playing the do-you-know-who-i-am card, and who better to play the card than the original, the ur-copycat […]

Built upon the lands of time: Part 3, 8.2% annual appreciation for 32 years

22 July, 2015 (10:00) | Apartments, Co-ops, Elevators, Housing, Land leases, Land value, Mobile homes, New York City, Rental, Reversionaries, Rule of four-sevenths, Urbanization, US News, Verticality |

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith After capital reinvetsment While the story reported in The New York Times (12 June 2015) of the Tower – Trump Plaza at 167 East 61st Street – Lease expiration imminent – has already had its Magus and its Fool, its land-sundered […]

Built upon the lands of time: Part 2, The Rule of Four-Sevenths

21 July, 2015 (10:00) | Apartments, Co-ops, Elevators, Housing, Land leases, Land value, Mobile homes, New York City, Reversionaries, Rule of four-sevenths, Urbanization, US News, Verticality |

[Continued from yesterday’s Part 1.] By: David A. Smith End of lease approaching In yesterday’s Part 1 chronicling the happy if expensive ending of a 32-year saga of a co-op that ‘forgot’ to buy the land underneath its apartments, reported in The New York Times (12 June 2015), we had met our Magus, Marc Cooper […]