Developing Affordable Housing Ecosystems World Wide
What if you woke up one morning and local property taxes has been abolished?
No real estate tax escrows collected by your mortgagee.
No assessments, no city assessors.
Before you smile too broadly, I have to mention some other George-Spiggott-inspired conditions of the scenario:
I want only your immortal soul
No local autonomy on schools, police, fire, health. All [...]
[Continued from yesterday's Part 1.]
[Previous Months In Review available here: May 09, Apr 09, Mar 09, Feb 09, Jan 09]
Although yesterday’s half of the June review included nothing but bad news of valuable innovations broken or disrupted, the month also included stories showing that Schumpeter was right: some things deserve to be broken.
Too bad for [...]
[Previous Months In Review available here: May 09, Apr 09, Mar 09, Feb 09, Jan 09]
Who, me?
Busted things dominated June’s posts, a trend of which I was unaware until compiling the month-in-review. June was busting up all over, starting with the sad spectacle of properties less costly demolished than boarded up, in Plowing it [...]
[Continued from yesterday's Part 1.]
In yesterday’s post, we got an education into New York City’s clever Section 421-a program, which combines inclusionary zoning with linkage (or did, until the 2007 reforms), creating a transferable certificate that could be sold, and was sold, as illustrated by an intra-developer litigation highlighted in The New York Observer, which [...]
You wouldn’t think that delays in financing a downtown luxury tower would stop in its tracks an affordable property in the Bronx, but such is the nature of sophisticated financial ecosystems that everything can influence everything else. [As my friend Shekar Narasimhan has pointed out, when Lehman went under, it filed bankruptcy in 56 countries, [...]
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