Developing Affordable Housing Ecosystems World Wide
By: David A. Smith
[Continued from yesterday's Part 1.]
When the court adjourned yesterday, I was representing my client Rumpelstiltskin, doing business as Uncle Sam’s Club financing,
“You pays your money and you gets your loan.”
Mr. Stiltskin is single-handedly keeping the American financing system flowing with liquidity, and –
[Your Honor, must I listen to these public-gallery outbursts [...]
By: David A. Smith
If it please the court –
Comes now my client, your honor, the United States government, affectionately known as Rumpelstiltskin – who having rendered a valuable, nay an essential, service to the fair maiden investment banks and her father the banking industry, is now being both cheated of the compensation which he demanded [...]
By: David A. Smith
Pirates have a real estate problem and a capital problem.
We’ve got the capital, now we need the real estate!
Like highwaymen (land pirates) and kidnappers (wilderness pirates), for their business they need a work environment of vast uncharted spaces and complete lawlessness – for which the high seas often serve admirably.
We’re [...]
By: David A. Smith
[Continued from yesterday’s Part 6 and the preceding and Part 1, Part 2, Part 3, Part 4, and Part 5]
As 2009 opened, virtually the entire credit-crunch tidal wave had sloshed through the financial markets.
At least we’re still here
Single-family home prices appeared to be bottoming, albeit at lower levels and with much [...]
By: David A. Smith
[Continued from yesterday’s Part 5 and the preceding and Part 1, Part 2, Part 3, and Part 4]
During 2007 and 2008, what we thought merely a sector-restricted problem became a full-blown crisis.
That water costs money, you know
This is a major, seven-part post, best read in order.
If you’ve just arrived, we recommend [...]
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