Category: Conversion

Hunting the Big Apple’s Neanderthals to extinction: Part 2, win all the tossups

8 October, 2010 (09:40) | Apartments, Co-ops, Condominiums, Conversion, Development, Homeownership, New York City, Rental, Tenure |

By: David A. Smith   Yesterday’s introduction to real estate survival of the fittest used a New York Times article to demonstrate that for market-oriented housing, co-operatives are an economically inferior species to condominiums, that have their dominance in New York City solely by virtue of having colonized Manhattan island before the condominium was invented […]

Hunting the Big Apple’s Neanderthals to extinction: Part 1, stop it from reproducing

7 October, 2010 (09:41) | Apartments, Co-ops, Condominiums, Conversion, Development, Homeownership, New York City, Rental, Tenure |

By: David A. Smith   To render a species extinct, kill its ability to reproduce, and no matter how long-lived individual members, eventually it will die out.  So it was with the Neanderthals, who co-existed with Cro-Magnons, h. sapiens sapiens, until somewhere around 25,000 years ago, they disappeared, possibly being bred into modern humanity, possibly […]

Better dead than read, Part Deux

10 August, 2009 (10:41) | Boston, Boston Globe, Conversion, Land value, Markets, Zoning |

Dinosaurs and buggy whips came to my mind when I read (self-referentially, in the Boston Globe Itself) of three bidders for the money-flushing newspaper:   An investment firm that recently purchased a San Diego newspaper has emerged as a third bidder for The Boston Globe, according to people briefed on offers submitted to the paper’s […]

Better dead than read?

4 May, 2009 (10:50) | Boston, Boston Globe, Conversion, Land value, Markets, Speculation |

Are you sure that’s spelled right? As the unionized employees of the Boston Globe debate among themselves whether they will accede to the $20 million in annual wage cuts demanded by their owner, the New York Times Company, they might do well to ponder a grim real estate reality, as presented with clinical dispassion by […]