Category: Workforce housing

Renter nation: Part 3, homes must revive as a consumption asset

11 April, 2012 (09:09) | Apartments, Configuration, Demographics, Economics, Families, Homeownership, Housing, Markets, Rental, Tenure, US News, Workforce housing |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   By:David A. Smith   In the preceding two parts, expanded at length from Derek Thompson’s excellent essay in The Atlantic (February 29, 2012), we’ve proven that for newly formed families and Millennial couples, homeownership is no longer a reliable investment asset, and further that […]

Renter nation: Part 2, homes are always a family-formation asset

10 April, 2012 (10:47) | Apartments, Configuration, Demographics, Economics, Families, Homeownership, Housing, Markets, Rental, Tenure, US News, Workforce housing |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Yesterday’s post, using Derek Thompson’s excellent essay in The Atlantic (February 29, 2012), demonstrated that for the generation of Americans on whom we rely to buy homes, they are no longer a reliable investment asset – and will not be for any foreseeable future, because […]

Renter nation: Part 1, homes are no longer an investment asset

9 April, 2012 (11:30) | Apartments, Configuration, Demographics, Economics, Families, Homeownership, Housing, Markets, Rental, US News, Workforce housing |

By:David A. Smith   America has become a renter nation.    Urban, dense, and rental   More specifically, to grow the American economy, we need to aim for a lower homeownership rate than we had in 2005, and probably a lower homeownership rate than we have even now.  At the same time, we need to […]

Flipping in slow motion

2 September, 2011 (09:12) | Apartments, Flipping, Foreclosure, House sitting, Investment, Real estate, Rental, Speculation, US News, Workforce housing | 2 comments

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 […]

Anti-black or anti-green? Part 2, what did we win?

25 August, 2009 (09:55) | Chapter 40B, Desegregation, False Claims Act, Inclusionary zoning, Local issues, Westchester County, Workforce housing, Zoning |

[Continued from yesterday’s Part 1].   Yesterday we delved into Westchester County‘s recent settlement, as reported in the New York Times, of a desegregation lawsuit.  Via a clever legal end run, it was brought against the county by the Anti-Discrimination Center, using the False Claims Act:   The case was litigated by Mr. Gurian and […]