Category: Housing

No rules, no process, no strategy: Part 3, “Utilize outside political channels or threaten to leave”

31 July, 2015 (10:00) | Boston, Boston Redevelopment Authority, BRA, Development, Government, Housing, Marty Walsh, Policy, Redevelopment authorities, Tom Menino, Urban development, Urban planning | No comments

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As established in the two preceding parts, inspired by a recent article in the Boston Globe (July 16, 2015) covering a McKinsey report commissioned by the Walsh Administration on the state of the Boston Redevelopment Authority, the authority had no rules […]

No rules, no process, no strategy: Part 2, “Endlessly tied up until they just fade away”

30 July, 2015 (10:00) | Boston, Boston Redevelopment Authority, BRA, Development, Government, Housing, Marty Walsh, Policy, Redevelopment authorities, Tom Menino, Urban development, Urban planning | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith As established yesterday, the report received by the Boston Redevelopment Authority (BRA) and published with commendable transparency performed one of the functions for which management consultants are classically hired: to document via a third party what the client itself believed but would prefer not to say […]

No rules, no process, no strategy: Part 1, “Essentially no zoning rules”

29 July, 2015 (10:00) | Boston, Boston Redevelopment Authority, BRA, Development, Government, Housing, Marty Walsh, Policy, Redevelopment authorities, Tom Menino, Urban development, Urban planning | No comments

By: David A. Smith Even as a candidate Marty Walsh had to have known that upon becoming mayor he would have to reform the Boston Redevelopment Authority, which over the two decades of Tom Menino’s mayoralty parlayed its monopoly over all development approval in the City of Boston into a personal fiefdom that not only […]

Bon viager: Part 2, Synthesis of family

28 July, 2015 (10:00) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith In exploring the en viager model of tenure, prompted by a story on BBC News (1 July 2015), we’ve established that en viager, aside from being an antiquated legal form that survives in French law (and is enjoying a revival driven by demography), also creates a […]

Bon viager: Part 1, Synthesis of tenure

27 July, 2015 (11:50) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure | No comments

By: David A. Smith Just as water and ice are two forms of the same molecules, lump sums and cash flow streams can be the same present values, one just transmuted into another.  Over the decades, ambition transmutes into experience We’re familiar with some of the forms: 1. Mortgage loan.  Receive cash up front, make […]