Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
We think of being a renter as a diminished state, yet rental has the tremendous advantage of low entry and exit costs, meaning greater flexibility. In a down market, we should spare a moment’s pity for people used to labor and household mobility, who find their unsold former home nothing but a [...]
By: David A. Smith
[Continued from yesterday's Part 1.]
As we saw in yesterday’s post, policing is more effective and more civilized if it is preventive, a role played by the cop on the beat since first sentries walked their posts.
Twirling a jaunty billy club
In earlier times, policing was preventive (discouraging crime) or even pre-emptive (rounding up [...]
By: David A. Smith
Does deterrence come not from seeing but being seen?
Do you feel more secure seeing me?
Our parents thought so; for them the cop on the beat was a reassuring figure, heir to the town crier’s All’s Well.
All is well
Today technology has replaced the beat cop with the video camera, the forensics team, [...]
By: David A. Smith
[Continued from yesterday's Part 1].
Yesterday’s post dismantled a slightly fear-mongering Wall Street Journal suggesting that FHA’s net worth would fall below the statutorily mandated 2%, and if so, that FHA would need a ‘bailout.’ In fact it does seem that FHA’s portfolio is under stress, with delinquencies up from 5.4% to 7.8%, [...]
By: David A. Smith
Every lender faces the challenge of setting credit policies: tight but not too tight.
That’s too tight
Too tight and the lender loses market share. Not tight enough and the additional market share acquired turns into loan losses that sink the lender.
A public-policy lender faces the same dilemma but in reverse: liberal but not [...]
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