Developing Affordable Housing Ecosystems World Wide
By: David A. Smith [Continued from yesterday's Part 1.] In yesterday’s post, using a good compilation story on the science fiction Web site IO9 (October 3, 2012), we explored the demographic consequences of over three decades of China’s ‘one-child policy’ and its resulting massive oversupply of men, and how it is now coming to [...]
By: David A. Smith I used to think that real estate was a society’s longest-lived asset, and therefore that the most important elements of public policy were those affecting property development – but now I realize there’s a longer-lived asset, whose public-policy impacts are even greater: Better hope he’s a boy That [...]
By: David A. Smith If money-losing cities cannot raise their real estate taxes, as many cannot, unless they are ready to go into bankruptcy (like Vallejo, CA), to run out of cash (like Prichard, AL), or to shrink their municipal service footprint (like Detroit, MI), they simply must cut their costs – and desperation [...]
By: David A. Smith [Continued from yesterday's Part 1.] Yesterday’s exploration of not-yet-insolvent cities focused on their efforts to boost real estate taxes, hoping against hope that the increase neither depresses real estate prices nor triggers emigration. Is there no other alternative? Representatives of government workers, including for unions, don’t deny that [...]
By: David A. Smith For an insolvent municipality, the last gasp is bankruptcy to restructure otherwise-unbreakable public debts like bonds and pension costs, and the next-to-last gap is jacking the real estate taxes and hoping the voters don’t lynch you – as reported by Jeannette Neumann of The Wall Street Journal: Cities across [...]
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