Category: Land Value

Cannot we consecrate? Part 2, “I expect we will sell it”

8 March, 2013 (09:00) | Affordability, Cabrini-Green, canon law, Chicago, churches, Housing, Land Value, Law, ownership, Public housing, Zoning |

[Continued from yesterday's Part 1.] By:David A. Smith   Yesterday, using half a dozen articles anchored by this report in the Boston Globe (October 20, 2012) (blue font), I followed the eight-year vigil of continuous trespassing occupancy by parishioners of St. Frances X. Cabrini Church in Scituate, which by now has become a set of […]

Cannot we consecrate? Part 1, “We are not their ATM”

7 March, 2013 (09:30) | Affordability, Cabrini-Green, canon law, Chicago, churches, Housing, Land Value, Law, ownership, Public housing, Zoning |

 By:David A. Smith   As I was researching and writing my multi-part piece on the redevelopment of churches into housing, I came across the remarkable story of St. Frances Cabrini in Scituate, a former church that ought to be redeveloped, and is not being redeveloped because of the stubbornness – they would say faith – […]

Gleefully running up the debts: Part 2, everybody’s doin’ it, doin’ it

24 August, 2010 (10:15) | Bubbles, China, Global news, Land use, Land Value, Speculation |

[Continued from yesterday's Part 1.]   By: David A. Smith   Yesterday’s post introduced the extraordinary spectacle, reported in the The New York Times, of state-owned Chinese developers bidding against each other to buy land at high prices from Chinese municipalities.    Here’s how we did it, boys!    So dangerous and shortsighted is this […]

Gleefully running up the debts: Part 1, pennies from heaven

23 August, 2010 (14:08) | Bubbles, China, Global news, Land use, Land Value, Speculation |

By: David A. Smith   To be worthy of their position, governments are supposed to be countercyclical – stimulating the economy when it is weak, cooling it when it risks overheating.  Governments can do this because they are not private actors – instead they have the responsibility for assuring long-term growth, and they have the […]

Burying treasure

15 January, 2010 (11:31) | Global news, Kenya, Land Value, Markets, Nairobi, Piracy, Somalia, Speculation, Theory, Urbanization |

By: David A. Smith   Pirates have a real estate problem and a capital problem.    We’ve got the capital, now we need the real estate!   Like highwaymen (land pirates) and kidnappers (wilderness pirates), for their business they need a work environment of vast uncharted spaces and complete lawlessness – for which the high […]