Category: Housing

The guru’s daydreams: Part 1, Inventing the future

29 July, 2014 (12:01) | Cities, Configuration, Density, Housing, Innovations, Markets, Speculation, Technology, urbanization, ViaTechnik | No comments

By: David A. Smith I dream of financial structures that never were, and hey … let’s underwrite ‘em When I was nineteen, and working as a bellhop at the Newagen Inn (which at the time was a spend-two-weeks .. sojourn), I made the conscious decision that whenever I was asked an earnest and honest question, […]

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 […]

Groundhog Day at the Rent Guidelines Board: Part 8, “How the duck did this happen?”

24 July, 2014 (09:22) | Affordability, Apartments, de Blasio, democracy, Housing, Markets, mobs, New York City, Politics, Rent control, Rent Guidelines Board, Rent Stabilization, Rental, Takings | No comments

[Continued from yesterday's Part 7 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.] By:David A. Smith Phil: Do you know what today is? Rita: No, what? Phil: Today is tomorrow. It happened. – Groundhog Day Candidate Bill de Blasio, as we saw in yesterday’s Part 7, had […]

Groundhog Day at the Rent Guidelines Board: Part 7, “Some of it dirty”

23 July, 2014 (09:23) | Affordability, Apartments, de Blasio, democracy, Housing, Markets, mobs, New York City, Politics, Rent control, Rent Guidelines Board, Rent Stabilization, Rental, Takings | No comments

[Continued from yesterday's Part 6 and the preceding Part 1, Part 2, Part 3, Part 4, and Part 5.] By:David A. Smith Phil: There is no way that this winter is *ever* going to end as long as this groundhog keeps seeing his shadow. I don’t see any other way out. He’s got to be […]