Category: Condos

Where does *your* market hurt?

19 November, 2008 (09:45) | Condos, Markets, Subprime, US News | No comments

Granular data has the annoying habit of disrupting the mythic narratives that we construct for ourselves,.  Although to read the newspaper you’d think the real estate downturn was omnipresent, in fact the pain is unevenly distributed. 
 

It only hurts when I sell, doctor
 
This is demonstrated by a really nice piece of quantitative analysis by my […]

Any which way you can?

18 September, 2008 (08:22) | Condos, Legal, Markets, Subprime, Tenure, US News | No comments

Do you feel … lucky?
 
Ever get yourself into an oh-no fix?  One of those where, scarce seconds after you’ve slammed the car door shut, hit the delete key or the flush lever, or seen the subway doors shut behind you bearing away your luggage?
 

Not that lever!
 
Multiply that by roughly a thousand and you have the […]

When a condo busts: Part 2, up from the bottom

28 May, 2008 (08:30) | Condos, Markets, Subprime, US News | No comments

As we plumb the depths to which an unsold condo may sink –
 

I barely recovered my deposit
 
– based on a New York Times visit to deepest darkest high-rise Miami, we have seen an investor being escorted through corridors measureless to man down to a sunless lobby.
 

The lights are turned down to save on electricity costs, […]

When a condo busts: Part 1, down to the bottom

27 May, 2008 (09:00) | Condos, Markets, Subprime, US News | No comments

Who, considered purely from the perspective of a resident, is the ideal landlord?   

 
When the issue of rent collection is taken out of the equation, the landlord is the head of management and maintenance, functions that homeowners experience and multifamily flat-dwellers do not.  Meanwhile the condo – seen by any as superior living, the benefits of […]