Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.] By: David A. Smith Yesterday we discovered, via a New York Times story by David Streitfeld that should really have been rewritten before publication to make it actually coherent, that so-called ‘option ARM’ mortgages were financially engineered to be viable only in three limited circumstances: if the property [...]
By: David A. Smith You’re hanging on to someone’s arm at an awkward angle, and her weight is gradually dislocating her shoulder from of its socket – which would bring her excruciating pain. That’s really got to hurt In fact, seeing the dislocation coming, you’d want to shift your grip and her [...]
By: David A. Smith If you build it, they will rent. What do you think, Rico, time to buy? It may not be at the price justifying the construction cost; it may not make the original investment decision a wise one. But they will rent, at a market-clearing price, and as [...]
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