Category: Homeownership

House and country? Part 1, Mystery

3 September, 2015 (09:50) | Apartments, Capital, Countries, Development, Economics, Global news, Historic preservation, Homeownership, Housing, Investment, London, Nations, Security, Speculation, Zoning | No comments

By: David A. Smith London is to the billionaire as the jungles of Sumatra are to the orangutan. – London mayor Boris Johnson The story of a house is the story of time, and changing fortunes of people, places, cities and nations.  Though a country can be no smaller than a single demesne, a house […]

Double-entry urbanization: Part 3, 1J = 1A + 1C

26 August, 2015 (10:00) | Affordability, Apartments, Berlin, Cities, Economic development, Homeownership, Housing, Infrastructure, Land value, Markets, Rental, Supply and demand, Urbanization | No comments

  By: David A. Smith [Continued from yesterday’s Part 2 and the preceding Part 1.] Any object, wholly or partially immersed in a fluid, is buoyed up by a force equal to the weight of the fluid displaced by the object.  – Archimedes’ principle of buoyancy Urban displacement is inevitable While Philip Oltermann, Anglo-German correspondent […]

Double-entry urbanization: Part 2, DPV = DI + DM = DE = DC

25 August, 2015 (10:00) | Affordability, Apartments, Berlin, Cities, Economic development, Homeownership, Housing, Infrastructure, Land value, Markets, Rental, Supply and demand, Urbanization | No comments

By: David A. Smith [Continued from yesterday’s Part 1] For every action, there is an equal and opposite reaction. – Newton’s Third Law of Mechanics It used to be so cheap to live in London – not any more As we saw yesterday, the first law of urbanization and economics proves that when a city […]

Double-entry urbanization: Part 1, RC = RE = RI + RR = RPV

24 August, 2015 (11:15) | Affordability, Apartments, Berlin, Cities, Economic development, Homeownership, Housing, Infrastructure, Land value, Markets, Rental, Supply and demand, Urbanization | 1 comment

By: David A. Smith A = L + OE – The fundamental accounting equation As first documented in 1494 by Frater Luca Bartolomes Pacioli The father of accounting, or so they say Nothing in the universe acts without impact; all actions have consequences; and all changes to one side of the ledger likewise impact the […]

Month in Review, July 2015: Part 2, Over the future event horizon

17 August, 2015 (10:00) | AIG, Bankruptcy, Boston Redevelopment Authority, En viager, Homeownership, Housing, Land leases, Month in review, Policy, Reform, Reversionaries, Speculation, Takings, US News | No comments

 [Continued from yesterday’s Part 1.] By: David A. Smith As we saw in yesterday’s Part 1, long lazy summary days give rise to long discursive summer blog posts, for what is a blog if not a journey of personal exploration?  “We shall not cease from exploration, and the end of all our exploring will be […]