Affordable Housing Institute : US

[Continued from yesterday’s Part 1.]
  
“A short option position with unlimited downside and limited upside”
– Anonymous risk manager, describing the career implications of rejecting a deal
 
Yesterday’s post featured the anonymous confessions, published in The Economist, of a risk manager giving a fear’s-eye view of recent turmoil in the capital markets.  They’d had a nasty scare in […]

                              “A short option position with unlimited downside and limited upside”
– Anonymous risk manager, describing the career implications of rejecting a deal
 
A few weeks back, The Economist published a truly remarkable confession by a (prudently) anonymous risk manager from a major financial institution, explaining in candid detail precisely how and why the risk-management function is structurally […]

[Continued from the previous Part 1 and Part 2.]
 
Two days ago we introduced Builders Of Hope in Raleigh, North Carolina, which (as profiled in the Wall Street Journal) lifts up solid but economically obsolescent houses from their ample and now-too-valuable sites, and relocates them elsewhere on smaller, less valuable sites, along the way converting what […]

[Continued from yesterday’s Part 1.]
 
Yesterday’s post introduced us to Builders Of Hope in Raleigh, North Carolina, whose executive director Nancy Murray and operating director Lew Schulman have invented a whizzo business model for what I have dubbed ‘hermit crab housing.’  As profiled in the Wall Street Journal, the program uproots good but economically obsolete houses from […]

What do you call the invention of something so clever you immediately say, “Why didn’t I think of that?”
 

Why didn’t I think of that?
 
That’s what struck me upon receiving an email from Nancy Murray, executive director of Builders Of Hope in Raleigh, North Carolina, and a subsequent phone call with Lew Schulman, its Director […]