Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday’s Part 1.]
When an owner skedaddles, leaving a trail of crumbling buildings and reams of uncured building code violations, whom can we vilify?
Building code violations! New York Times articles! Run away!
Certainly someone is culpable:
At 1744 Clay Avenue, residents have endured winter days without heat and hot water. The super has not been paid [...]
Residential property is an exoskeletal shell that, like the chambered nautilus, is alive only when inhabited, the occupant playing the important role of eternal vigilante.
I may not own it, but I occupy it!
These two roles are best fused via homeownership, where the occupant and the owner are one and the same, but can also [...]
No, not your humble narrator – rather one of the many namesakes that we who have such a common name experience. [I was once invited to attend a gathering of the members of the David Smith Society – no joke! – for whom there was only one qualification – to be named David Smith. We [...]
Buried in the typical apartment lease is the resident’s right to ‘quiet enjoyment’ of the premises. While it doesn’t specifically mean noise (rather, it refers to undisturbed occupancy), as anyone who’s lived in an apartment complex knows, ‘quiet’ is often a precondition to ‘enjoyment.’
I’m not enjoying your taste in music
Noise travels, and it cannot be [...]
When is an occupied apartment a liability rather than an asset?
O wise one, what apartment occupant is a liability?
When its cost of operations is greater than the NOI derived. Because apartments are occupied by money, not people, this arises only when the collectible rent is below the operating cost. And because markets always clear, [...]
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| « Oct | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
