Developing Affordable Housing Ecosystems World Wide
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 [...]
By: David A. Smith If you build it, they will rent. What do you think, Rico, time to buy? It may not be at the price justifying the construction cost; it may not make the original investment decision a wise one. But they will rent, at a market-clearing price, and as [...]
By: David A. Smith Markets love numbers, because they enable quick comparisons, and as a result we too easily fall into the trap of thinking single indicators stand for everything (AAA rating, anyone?). But they don’t, even if quantifying something prosaic, as illustrated by this pedestrian (pun) story from The New York Times: [...]
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