Category: Housing

Slums, the enemy within: Part 4, fifth columnists

6 November, 2009 (11:20) | Housing, Kibera, Rental, Slums, Theory, Urbanization | No comments

By: David A. Smith
 
[Continued from yesterday's Part 3 ,and the previous Part 2and Part 1.]
 
In yesterday’s post continuing our series on the enemies within of slum upgrading, we encountered the vociferous and conveniently righteous landlords, who stand to lose their questionable livelihoods when they face new, better competition.  Next up are those who, for one [...]

Slums, the enemy within: Part 3, Illicit landlords

5 November, 2009 (17:59) | Housing, Kibera, Rental, Slums, Theory, Urbanization | No comments

By: David A. Smith
 

[Continued from Thursday, October 29th Part 2 and the previous Part 1.]
 
In yesterday’s post, we discovered that despite its many palpable benefits, and the visible reality of its construction, many Kibera residents are greeting Kibera’s first slum upgrading with fear.
 

Kibera in 2005: Whom can you trust?
 
Background: A while ago [Early September – Ed.], [...]

Slums, the enemy within: Part 2, Skeptics and cynics

29 October, 2009 (12:01) | Housing, Kibera, Rental, Slums, Theory, Urbanization | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
As we saw yesterday, the first new development in the Kibera slum upgrading has finally broken ground, nearly eight years after initial conception.
 

The former is supposed to be replaced by the latter
 
Background: A while ago [Early September – Ed.], Kenya’s newspaper The East African Standard published a great [...]

Slums, the enemy within: Part 1, Why it’s hard to begin with

28 October, 2009 (10:34) | Housing, Kibera, Rental, Slums, Theory, Urbanization | No comments

By: David A. Smith
 
A while ago [Early September – Ed.], Kenya’s newspaper The East African Standard published a great and extensive series on the proposed upgrading of Kibera: Africa’s largest slum, which I visited in 2005.
 

The mud structures (in the foreground) will be replaced by the new housing units (in the background) in Kibera under [...]

A glut by any other name

20 October, 2009 (10:07) | Affordability, Apartments, Asset management, Demand, Housing, New York City, Theory, US News | No comments

By: David A. Smith
 
… is affordability?
 

Am I up when you’re down?
 
When the homeownership rate drops, what happens to apartment occupancy?  As illustrated by this Wall Street Journal article, the answer depends on two factors:
 
1. Why homeownership rates are dropping
2. How long it has been since the homeownership drop began
 
Start with a fact. 
 

Start with [...]