Category: Municipal bankruptcy

Month in Review, February, 2016: Part 2, The macro of money

22 March, 2016 (10:00) | Apartments, Bankruptcy, Chicago, China, Cities, Housing, Maine, Micro-units, Mobile homes, Municipal bankruptcy, Real estate taxes, Rent control, Rental, Tiny houses, Venice | No comments

By: David A. Smith [Continued from yesterday’s Part 1.] As we saw yesterday with both the tiny house and the tiny rent-controlled apartment, ecosystems are more complex than they appear on the surface – – and when a half a trillion paper butterflies flap their wings to escape its financial regime, the consequences are felt […]

Month in Review, February, 2016: Part 1, The micro of people

21 March, 2016 (10:00) | Apartments, Bankruptcy, Chicago, China, Cities, Housing, Maine, Micro-units, Mobile homes, Municipal bankruptcy, Real estate taxes, Rent control, Rental, Tiny houses, Venice | No comments

By: David A. Smith So bound up is housing in our conception of ourselves – perhaps it has to do with the trust we place in our space when we close our eyes for unconscious sleep – that inevitably we claim ownership and dominion over those sleeping surroundings, and see in them both expressions of […]

Vote bankruptcy in 2016!

8 February, 2016 (10:00) | Bankruptcy, Chicago, Cities, Homeownership, Housing, Municipal bankruptcy, Politics, Public-employee pensions, Rahm Emanuel, Speculation, US News |

By: David A. Smith   When you don’t pay your electric bill, the company shuts off the power.  When you exhaust your credit card, the company cuts you off.  And when you’re unable to prepay old bond issues, this becomes a problem for you only if you cannot sell new bond issues.  And that is […]

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 |

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 […]