Category: Municipal bankruptcy

Month in Review: June, 2014: Part 2, The challenges of developing new homes new

1 August, 2014 (10:00) | Austin, TX, Detroit, Flagstaff, Local issues, Mayors, Mobile homes, Month in review, Municipal bankruptcy, Municipal budgets, New Haven, New York City, NYCHA, Politics, Public housing, Real estate taxes, Student housing, Urbanization, US News | No comments

[Continued from yesterday's Part 1.] By: David A. Smith Yesterday’s Part 1, reviewing a month spent entirely on local issues, dealt with the economic and political dynamics of existing housing markets, but cities must always be building new, because economic growth and population growth are the lifeblood of cities – such as New Haven: Demonstrators […]

Month in Review: June 2014: Part 1, The challenges of existing housing

31 July, 2014 (09:40) | Austin, TX, Detroit, Flagstaff, Local issues, Mayors, Mobile homes, Month in review, Municipal bankruptcy, Municipal budgets, New Haven, New York City, NYCHA, Politics, Public housing, Real estate taxes, Student housing, Urbanization, US News | No comments

By: David A. Smith In a century of cities, so much to do with housing happens not at the national level but in the city, and yet I was surprised to discover that every June post focused on a municipal-level issue, even if some of them are exemplars of global trends. Sir, sir, they’re just […]

Vote by Vote: Part 2, Down?

3 June, 2014 (18:52) | Bankruptcy, Cities, Cramdown, Detroit, Municipal bankruptcy, Real estate taxes, Reorganization, US News |

[Continued from yesterday's Part 1.]  By: David A. Smith  As we saw yesterday, Detroit’s emergency manager has moved with exemplary dispatch and direction to treat the city like any other large Chapter 11 reorganization debtor, including a commendable job of securing pre-approval from many creditor groups before facing the big unknown: the two large pension […]

Vote by Vote: Part 1, Cram?

3 June, 2014 (18:41) | Bankruptcy, Cities, Cramdown, Detroit, Municipal bankruptcy, Real estate taxes, Reorganization, US News |

By: David A. Smith Vote by vote, Detroit is restructuring the city’s finances, though because this is good news, it’s presented as bad news, as reported in the New York Times (May 13, 2014), with background provided in an earlier story, also in the New York Times (May 5, 2014): Detroit dropped tens of thousands […]

Block by block

23 May, 2014 (10:40) | Auctions, Bankruptcy, Cities, Detroit, Homeownership, Housing, Markets, Municipal bankruptcy, Theory, Urban homesteading, US News |

 By: David A. Smith For all the pixels burned crying panic at the possibility of Detroit filing bankruptcy, for all the specious unfounded blather that municipal bankruptcy was illegal, couldn’t possibly do good and would instead do incalculable harm, so far everything that has happened since Detroit filed has been good … but practical progress sells […]