Category: Income verification

The myth-maker: Part 2, the disappearance of wealth

27 December, 2012 (18:02) | Alphonse Fletcher, Apartments, Co-ops, Ferengi Rules of Acquisition, Income verification, Litigation, money management, New York City |

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday’s post, using a prurient-interest story from Fortune (October 25, 2012) that played up the nasty allegations and played down the financial improprieties, chronicled the rise of Alphonse ‘Buddy’ Fletcher to an apparent pinnacle of social and financial success, a mountain he climbed, I believe, […]

The myth-maker: Part 1, the appearance of wealth

26 December, 2012 (10:00) | Alphonse Fletcher, Apartments, Co-ops, Ferengi Rules of Acquisition, Income verification, Litigation, money management, New York City |

By:David A. Smith   2) You can’t cheat an honest customer, but it never hurts to try. Ferengi Rules of Acquisition   Let us suppose, as Leopold Bloom once said to Max Bialystock, that you are a dishonest man.    Let us suppose no such thing   You didn’t set out to become one.  It […]

Prove yourself worthy: Part 2, simple economic actions

9 September, 2011 (09:00) | Co-ops, Condo fees, Condominiums, Credit check, Homeowners associations, Income verification, New York City, Theory |

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday we heard stories of procedural torture offered by some condo-buyer applicants who found themselves undergoing grueling examinations of their financial situation:                Now what do I have to do?   The tenor of the New York Times piece reciting their tales of woe fully […]

Prove yourself worthy: Part 1, complicated economic words

8 September, 2011 (09:39) | Co-ops, Condo fees, Condominiums, Credit check, Homeowners associations, Income verification, New York City, Theory |

By:David A. Smith   We bond in tribes, and before we admit the stranger into the tribe, he must undergo a trial – a test both to prove himself worthy in our sight and to demonstrate his commitment to our tribe.    Are you good enough for 215 East 80th Street?   Those who will […]

The income-verification police: Part 2, investigation

6 April, 2011 (11:09) | Affordability, Apartments, Cities, Co-ops, Income verification, Litigation, New York City, Rental, Theory |

[Continued from yesterday's Part 1.]   By: David A. Smith   Yesterday’s post explored the economic intrusiveness of income verification via Alphonse Fletcher’s attempt to buy a fifth apartment in New York City’s Dakota co-operative, and the New York Times‘s salacious reportage about the board’s decision to deny the application based (they said) on their […]