Developing Affordable Housing Ecosystems World Wide
[Previous Months in Review available here: Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12] By:David A. Smith [Continued from yesterday's Part 1.] In yesterday’s Part 1 of our economically grim December, we followed localized failures in Boston and New York City to the ultimate in personal [...]
[Previous Months in Review available here: Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12] By:David A. Smith Housing issues – and this is a housing blog, remember [Who are you reminding – yourself? – Ed.] are inherently place-based, so it’s appropriate to start our review of the [...]
By:David A. Smith As the battle over insolvent cities heats up, Calpers has taken the inevitable step in response to the City of San Bernardino’s filing of bankruptcy and suspension of its payments to its largest creditor – the pension fund manager has sued its customer. We’re your pension fund managers and we’re [...]
By:David A. Smith [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.] Now, after three parts, we come to the piece’s true villain, as the material already presented from an extensive story in Reuters (November 13, 2012) has established that elected innumeracy led to public-employee overpayment, which led to [...]
By:David A. Smith [Continued from yesterday's Part 2 and the preceding Part 1.] As we saw in yesterday’s Part 2, based on a clinical Reuters (November 13, 2012) story, if the only consequence of grossly over-benefiting the public employees of San Bernardino were to overpay them, then it would be excessive and nothing [...]
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