Category: Housing

The cloud of title: Part 2, the Established Doctrine

11 December, 2017 (09:00) | blockchain, encryption, Government, Housing, Innovations, Property rights, Real estate, Speculation, Title, title insurance | No comments

  By: David A. Smith   [Continued from yesterday’s Part 1.]   In the previous Part 1, our examination of the novel concept of using blockchain technology – cloud-based encryption, storage, and potentially universal access to discrete and permanent numerical information, such as of financial transactions – using as our source text The three stages […]

The cloud of title: Part 1, the Necessary Beliefs

4 December, 2017 (09:00) | blockchain, encryption, Government, Housing, Innovation, Property rights, Real estate, Speculation, Title, title insurance | No comments

By: David A. Smith   Any sufficiently advanced technology is indistinguishable from magic. – Arthur C. Clarke, 1962   I’ll show you a verified transaction, big boy   This year’s It Girl, at least in the rich-geek circles of disruptive financial technology circles, is the blockchain.  Like previous tech-related It Girls before it (Theranos, anyone? […]

Fiscal autonomy = Political autonomy: Part 2, Obstructing his policies

1 December, 2017 (09:00) | Borrowing, Capital markets, China, Cities, Development, Government, Housing, money laundering, Municipal finance, Politics, Speculation, SPVs | No comments

By: David A. Smith [Continued from the previous Part 1.]   As we saw in Part 1, using as the jumping-off-point a disappointingly credulous article in the Economist (November 16, 2017), China’s provinces, territories, and municipalities have indulged in an orgy of off-balance-sheet financing, using Local Government Financing Vehicles.  They did so partly for fiscal […]

Fiscal autonomy = Political autonomy: Part 1, Not subject to the same rules

29 November, 2017 (09:00) | Borrowing, Capital markets, China, Cities, Development, Government, Housing, money laundering, Municipal finance, Politics, Speculation, SPVs | No comments

By: David A. Smith   As every child who’s ever had an allowance knows, among its many virtues money provides autonomy – and almost as good (sometimes better), unobserved autonomy – the freedom to buy what I want, not what my distant imperious parent wants, and not have to listen to a lecture about it […]

Half a century of housing policy failure: Part 10, “Should be the top priority as it relates to tech”

25 October, 2017 (09:00) | California, Demographics, Economics, Elections, Homelessness, Housing, Incentives, Inclusionary zoning, Law, Local issues, NIMBY, Regulation, US News, Zoning | No comments

  By: David A. Smith   [Continued from the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, and Part 9.]   If, as we’ve established, the housing element has got to go so that Proposition 13 can be likewise repealed or routed around, the new tool […]