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 | No comments

[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 | No comments

[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 […]

Block by block

23 May, 2014 (10:40) | Auctions, Bankruptcy, Cities, Detroit, Homeownership, Housing, Markets, Municipal bankruptcy, Theory, Uncategorized, urban homesteading, US News |

 By: David A. Smith For all the pixels burned crying panic at the possibility of Detroit filing bankruptcy, for all the specious unfounded blather that municipal bankruptcy was illegal, couldn’t possibly do good and would instead do incalculable harm, so far everything that has happened since Detroit filed has been good … but practical progress sells […]

And if requiring fail? Part 2, is stronger than its execution

21 March, 2014 (09:00) | Affordability, Affordable Housing, de Blasio, Development, Housing, Inclusionary zoning, Innovations, New York City, Theory, US News |

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday we saw that during his populist redistributionist campaign,  now-mayor of New York City Bill de Blasio claimed he would be able to produce 50,000 affordable apartments, basically for free (i.e. no taxpayer money), through enactment of mandatory inclusionary zoning.  He based this boast on […]