Category: Innovations

The guru’s daydreams: Part 2, Reinventing the past

30 July, 2014 (10:00) | Cities, Configuration, Density, Housing, Innovations, Markets, Speculation, Technology, Urbanization, ViaTechnik |

[Continued from yesterday's Part 1.] By: David A. Smith As ViaTechnik, which asked me for an email interview (published on ViaTechnik’s blog; July 9, 2014), is primarily a technology and design firm, their initial questions dealt mainly with housing’s and cities’ future: The future begins tomorrow! Problem: People are creating new family units and the […]

The guru’s daydreams: Part 1, Inventing the future

29 July, 2014 (12:01) | Cities, Configuration, Density, Housing, Innovations, Markets, Speculation, Technology, Urbanization, ViaTechnik |

By: David A. Smith I dream of financial structures that never were, and hey … let’s underwrite ‘em When I was nineteen, and working as a bellhop at the Newagen Inn (which at the time was a spend-two-weeks .. sojourn), I made the conscious decision that whenever I was asked an earnest and honest question, […]

The ratchet games: Part 3, How many times?

9 May, 2014 (09:00) | Auctions, Brokers, Escalation clause, Homeownership, Innovations, Markets, Principal-agent risk, Realtors, Sales, US News |

[Continued from yesterday's Part 2 and the preceding part 1.] By: David A. Smith By now it’s evident that the escalation clause in a home-purchase offer, described by Jay Fitzgerald in a good piece for the Boston Globe (April 13, 2014), is at best a double-edged sword for sellers and buyers, opening a new subgame […]

The ratchet games: Part 2, Promising to top?

8 May, 2014 (09:00) | Auctions, Brokers, Escalation clause, Homeownership, Innovations, Markets, Principal-agent risk, Realtors, Sales, US News |

[Continued from yesterday's Part 1.] By: David A. Smith Yesterday Part 1 used a Boston Globe (April 13, 2014) article by Jay Fitzgerald to report on an innovation by eager home buyers to gain an advantage over other home buyers: the escalation clause, where a bidder proposes being given a ‘last-best-topper’ right to top any […]

The ratchet games: Part 1, An escalating edge?

7 May, 2014 (09:00) | Auctions, Brokers, Escalation clause, Homeownership, Innovations, Markets, Principal-agent risk, Realtors, Sales |

By: David A. Smith Though markets are places where eventually the trade shows the truth about what people value, the pre-sale maneuvering is a game without rules, where anything goes – so there is no one right way to sell an item, and no one right way to buy it, and when the balance of […]