Category: Elderly

Bon viager: Part 2, Synthesis of family

28 July, 2015 (10:00) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith In exploring the en viager model of tenure, prompted by a story on BBC News (1 July 2015), we’ve established that en viager, aside from being an antiquated legal form that survives in French law (and is enjoying a revival driven by demography), also creates a […]

Bon viager: Part 1, Synthesis of tenure

27 July, 2015 (11:50) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure | No comments

By: David A. Smith Just as water and ice are two forms of the same molecules, lump sums and cash flow streams can be the same present values, one just transmuted into another.  Over the decades, ambition transmutes into experience We’re familiar with some of the forms: 1. Mortgage loan.  Receive cash up front, make […]

May the (work) force be with you: Part 3, Fearful bigots oppose extraordinary gift

12 May, 2015 (10:00) | Affordable Housing, California, Development, Elderly, George Lucas, Housing, NIMBY, Workforce housing, Zoning |

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As established in yesterday’s Part 2, George Lucas’s ‘neighbors’ (term used in its geographical sense, not in any sense of sociability) had thwarted his original plans to develop a sophisticated and jobs-creating film studio on his property, and then exhausted his […]

May the (work) force be with you: Part 2, Facing death by delay

11 May, 2015 (15:05) | Affordable Housing, California, Development, Elderly, George Lucas, Housing, NIMBY, Workforce housing, Zoning |

[Continued from yesterday’s Part 1.] By: David A. Smith In yesterday’s Part 1, property owner George Lucas, like his contemporary Steve Jobs, had discovered that in California, no matter what a rich owner wants to do with his property, the neighbors will come out in force to oppose it: Don’t bring your affordable housing here […]

May the (work) force be with you: Part 1, Resurrected a defunct homeowners’ association

8 May, 2015 (10:00) | Affordable Housing, California, Development, Elderly, George Lucas, Housing, NIMBY, Workforce housing, Zoning |

By: David A. Smith Three years ago, when George Lucas first proposed building affordable housing on the property he’d owned for a third of a century and been thwarted for a fifth of a century in developing into a studio campus, most people though he was simply being vengeful, though my own post, Revenge of […]