Category: Foreclosure

Optionality and anti-optionality: Part 2, Loan + Insurance = Lower risk

28 July, 2014 (08:36) | Banks, Economics, Finance, Foreclosure, Homeownership, Housing, Lending, Loans, Optionality, Rental, Saving, Theory, US News | No comments

[Continued from last week's Part 1.] By: David A. Smith When you’ve got enough to take care of yourself, more claim checks don’t do you any good. But they can do a lot of good for all kinds of other people. – Warren Buffett As we saw in yesterday’s Part 1, the Economist’s (May 17, […]

Optionality and anti-optionality: Part 1, reward later or reward now?

25 July, 2014 (09:36) | Banks, Economics, Finance, Foreclosure, Homeownership, Housing, Lending, Loans, Optionality, Rental, Saving, Theory, US News | 1 comment

By: David A. Smith Money is a claim check on other people’s products and services. – Warren Buffett Once a month, Mrs. Guggenheim sends the bank the same amount of money.  Darling, if you have to ask the price, you can’t afford it Is she saving for herself, or repaying a debt? Either way, her […]

Month in Review: February, 2014: Part 2, Power to the people?

14 March, 2014 (09:00) | Apartments, Boston, Boston Redevelopment Authority, BRA, Buses, Eurozone, Foreclosure, Infrastructure, Kenya, Kibera, Month in review, Nairobi, Spain, United Kingdom, Zoning |

[Previous Months in Review available here: Jan 14.]   [Continued from yesterday's Part 1.]   By:David A. Smith     Many of my posts deal with the interface between essential dualities: formal versus informal, complexity versus scale, government versus markets, property versus capital, control versus chaos.  While some posts start at the macro and work […]

Month in Review: February, 2014: Part 1, Power corrupts

13 March, 2014 (09:00) | Apartments, Boston, Boston Redevelopment Authority, BRA, Buses, Eurozone, Foreclosure, Infrastructure, Kenya, Kibera, Month in review, Nairobi, Redevelopment, San Francisco, Spain, United Kingdom, Zoning |

[Previous Months in Review available here: Jan 14.] By:David A. Smith During February, I took the opportunity to spend eight parts taking to task a Boston Globe expose article, published at least five and probably ten years too late, of former Boston Mayor Tom Menino’s slow and effective conversion of the allegedly independent Boston Redevelopment […]

Spain’s Lech Walesa? Part 4, Europolitical jujitsu

27 February, 2014 (09:00) | Bad banks, Banking, Economics, Eurozone, Foreclosure, Global news, Housing, Lending, Spain, Speculation |

  By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   Three years in to its ECB-ordered austerity plan, Spain’s economy appears no better off, and its property markets are frozen in confrontational irresolution because it is impossible for a debtor to escape his debts, even if the […]