Category: Theory

Optionality and anti-optionality: Part 2, Loan + Insurance = Lower risk

28 July, 2014 (08:36) | Banks, Economics, Finance, Foreclosure, Homeownership, Housing, Lending, Loans, Optionality, Rental, Saving, Theory, US News |

[Continued from last week's Part 1.] By: David A. Smith When you’ve got enough to take care of yourself, more claim checks don’t do you any good. But they can do a lot of good for all kinds of other people. – Warren Buffett As we saw in yesterday’s Part 1, the Economist’s (May 17, […]

Optionality and anti-optionality: Part 1, reward later or reward now?

25 July, 2014 (09:36) | Banks, Economics, Finance, Foreclosure, Homeownership, Housing, Lending, Loans, Optionality, Rental, Saving, Theory, US News | 1 comment

By: David A. Smith Money is a claim check on other people’s products and services. – Warren Buffett Once a month, Mrs. Guggenheim sends the bank the same amount of money.  Darling, if you have to ask the price, you can’t afford it Is she saving for herself, or repaying a debt? Either way, her […]

Occupancy if not ownership: Part 2, A place is only a place

7 July, 2014 (13:48) | Archdiocese of Boston, Churches, Development, Occupancy, Ownership, Property rights, Scituate, Speculation, Theory, US News |

[Continued from yesterday's Part 1.] By:David A. Smith Yesterday’s post on the deconsecrated Boston-area churches, using two recent stories in the Boston Globe (June 22, 2014; blue font) and the Boston Herald (June 22, 2014), highlighted that after a ten-year canonical appeals process, the Vatican denied the petitioners’ request for the archdiocese of Boston to […]

Occupancy if not ownership: Part 1, Parting from friends is a sadness

3 July, 2014 (10:01) | Archdiocese of Boston, Churches, Development, Occupancy, Ownership, Property rights, Scituate, Speculation, Theory, US News |

By:David A. Smith  Emotionally if not legally, possession is nine-tenths of the law, and in real estate, occupancy is nine-tenths of possession, emotionally if not legally or contractually. Ownership is a legal condition and it is also a state of mind: the longer we are able to occupy a place, regularly even if not continuously, […]

Month in review: April, 2014: Part 2, Or what’s a hyperlink for?

23 June, 2014 (05:31) | Bitcoin, Blight, Elevators, Eminent domain, Kansas City, Manhattan, Month in review, New York City, Theory, Urban renewal, Zoning |

[Previous Months in Review available here: Mar 14, Feb 14, Jan 14] [Continued from yesterday's Part 1.]  By: David A. Smith  Yesterday’s Part 1 of this two-part review of April’s posts noted that a blog can take the time and detail to dismantle a specious argument (and refute it with evidence), and it can delve […]