Category: Real estate

The cloud of title: Part 2, the Established Doctrine

11 December, 2017 (09:00) | blockchain, encryption, Government, Housing, Innovations, Property rights, Real estate, Speculation, Title, title insurance | No comments

  By: David A. Smith   [Continued from yesterday’s Part 1.]   In the previous Part 1, our examination of the novel concept of using blockchain technology – cloud-based encryption, storage, and potentially universal access to discrete and permanent numerical information, such as of financial transactions – using as our source text The three stages […]

The cloud of title: Part 1, the Necessary Beliefs

4 December, 2017 (09:00) | blockchain, encryption, Government, Housing, Innovation, Property rights, Real estate, Speculation, Title, title insurance | No comments

By: David A. Smith   Any sufficiently advanced technology is indistinguishable from magic. – Arthur C. Clarke, 1962   I’ll show you a verified transaction, big boy   This year’s It Girl, at least in the rich-geek circles of disruptive financial technology circles, is the blockchain.  Like previous tech-related It Girls before it (Theranos, anyone? […]

China’s whistling tea-kettle

9 November, 2012 (09:00) | Bubbles, Capital control, China, Economics, Global news, Investment, Real estate, Speculation |

By:David A. Smith   A whistling kettle not only keeps the pot from exploding, it tells you the water’s boiling; it’s both a release valve and a signal.  And in China’s economy, as shown in this Wall Street Journal (October 15, 2012) article, the economic tea kettle is whistling loudly:   Capital pressure’s on the […]

Flipping in slow motion

2 September, 2011 (09:12) | Apartments, Flipping, Foreclosure, House sitting, Investment, Real estate, Rental, Speculation, US News, Workforce housing | 2 comments

By:David A. Smith   Tempting as it is to believe that the third owner always makes money in real estate, I question whether the business identified by this Wall Street Journal article is really a trend, or just a set of special-case exceptions:   Lower the price enough and we’ll rake the leaves?   Big […]

Billion-dollar battle: Part 11, with a whimper?

6 December, 2006 (09:23) | Development, Money, New York City, Ownership, Real estate |

[Previous Stuy Town posts can be found here: 1, starting gun, 2, opening bets, 3, what’s at stake 4, paging the cavalry, 5, must the public pay?, 6, orchestra warms up, 7, unpublished score, 8, hidden free riders 9, the selling banns, 10, the residents’ imperatives.] The New York Times announcement of the Stuveysant Town […]