Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
“So this unemployed architect walks into a bar and says, ‘our erections can last for years’.”
Okay, maybe not precisely that cheesily, but something similarly whimsical had to have been in the minds of Boston Globe editors when they sent out an offer to under-employed architects, What would you do to [...]
By: David A. Smith
… is affordability?
Am I up when you’re down?
When the homeownership rate drops, what happens to apartment occupancy? As illustrated by this Wall Street Journal article, the answer depends on two factors:
1. Why homeownership rates are dropping
2. How long it has been since the homeownership drop began
Start with a fact.
Start with [...]
By: David A. Smith
Two years ago, two years after I’d called the market top and just as the subprime mess was beginning to break, in the form of New Century’s bankruptcy and problems alleged at Countrywide, I stuck up for Angelo Mozilo – or more precisely, I questioned the New York Times’s putative expose of [...]
By: David A. Smith
We think of being a renter as a diminished state, yet rental has the tremendous advantage of low entry and exit costs, meaning greater flexibility. In a down market, we should spare a moment’s pity for people used to labor and household mobility, who find their unsold former home nothing but a [...]
By: David A. Smith
[Continued from yesterday's in Part 1.]
In yesterday’s post, we compared the public pronouncements of two enormous governmental lenders whose financial viabiltiya nd liquidity are in question: FHA in the US, from the New York Times (in plain text) and the World Bank, from the UK Telegraph (in indigo palatino). The World Bank, [...]
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