Category: Islamic finance

Month in Review, December, 2015: Part 2, Housing-fueled disturbance abroad

12 January, 2016 (10:00) | Cities, Eminent domain, Global news, Government, Homeownership, Housing, Islamic finance, Land, Month in review, Municipal bankruptcy, Municipal finance, Pagedale, Real estate taxes, Saudi Arabia, sharia, Speculation, Taxation, US News | No comments

By: David A. Smith [Continued from yesterday’s Part 1.] As shown in yesterday’s first half of the month-in-review, though housing is seldom the flashpoint for urban unrest, it is the source of urban pressure, for it is pervasive, and a failing housing ecosystem simmers and bubbles frustration that touches every household.  Extended failure to solve […]

Month in Review, December, 2015: Part 1, Housing-fueled disturbance at home

11 January, 2016 (10:00) | Cities, Eminent domain, Global news, Government, Homeownership, Housing, Islamic finance, Land, Month in review, Municipal bankruptcy, Municipal finance, Pagedale, Real estate taxes, Saudi Arabia, sharia, Speculation, Taxation, US News | 1 comment

By: David A. Smith Pagedale, Missouri, and Riyadh, Saudi Arabia may seem unlikely peers, but aside from dividing up my entire December’s posts (a whopping 15 parts for Pagedale, a mere 8 for Saudi Arabia), the two stories dove to the depths they did because they both demonstrate, in different ways, just how hard is […]

Royal revolution in the House of Saud: Part 8, Changing the culture of resistance to change

31 December, 2015 (10:00) | Capital markets, Development, Finance, Global news, Government, Housing, Islamic finance, Land, Lending, Real estate taxes, Remittances, Saudi Arabia, sharia, Speculation, Zoning | 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 As established in the foregoing parts of this extensive post, though taxing ‘white lands’ (undeveloped urban property) on an ad valorem basis may have seemed to the uninformed a fiscal […]

Royal revolution in the House of Saud: Part 7, The culture of idleness

30 December, 2015 (10:00) | Capital markets, Development, Finance, Global news, Government, Housing, Islamic finance, Land, Lending, Real estate taxes, Remittances, Saudi Arabia, sharia, Speculation, Zoning | 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 Yesterday’s post established that the bold moves announced by King Salman within two months after his January, 2015 coronation as ruler of Saudi Arabia (and Custodian of the Two Holy Mosques) were […]

Royal revolution in the House of Saud: Part 6, The culture of not acting

29 December, 2015 (10:00) | Capital markets, Development, Finance, Global news, Government, Housing, Islamic finance, Land, Lending, Real estate taxes, Remittances, Saudi Arabia, sharia, Speculation, Zoning | No comments

[Continued from yesterday’s Part 5 and the preceding Part 1, Part 2, Part 3 and Part 4.] By: David A. Smith Though I haven’t talked with any Saudis in a year or so, I suspect that when King Salman first announced his new housing minister and the proposal to tax white lands, stakeholders were skeptical.  […]