Category: Housing

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 | No comments

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 […]

Groundhog Day at the Rent Guidelines Board: Part 6, “A different situation by law”

22 July, 2014 (08:56) | 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 5 and the preceding Part 1, Part 2, Part 3 and Part 4.] By:David A. Smith Phil: You want a prediction about the weather, you’re asking the wrong Phil. I’ll give you a winter prediction: It’s gonna be cold, it’s gonna be grey, and it’s gonna last you for the rest […]

Groundhog Day at the Rent Guidelines Board: Part 5, “No Airborne Chairs”

21 July, 2014 (10:00) | 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 last week's Part 4 and the preceding Part 1, Part 2, and Part 3.] By:David A. Smith                        Psychiatrist: I think we should meet again. How’s tomorrow for you? [Phil begins punching himself in the head through pillow] Psychiatrist: Is that not good? – Groundhog Day Every year without fail, New York City’s Rent […]