Tag: The Closer
Mourning the loss of freedom to fail
It is perhaps even stranger to claim that we should actually fear losing the freedom to fail. Most of us are hardwired to avoid...
The madness of Capitol Hill’s kings
The bill is an economic disaster. It will destroy jobs and harm capital creation. Even in the best of times, such an act would...
Dangerous trends
The real precedent was set with the 1998 multi-state tobacco settlement of $365.5 billion. Tobacco is a legal substance. In the mafia, this is...
Apartment industry at a crossroads
It is obvious that there has been a fundamental change in the demand for homeownership over the last few years. Fiscal policies and social...
The success of the U.S. at creation destruction
But as the government steps in to bail out automakers and financial institutions, is the world's largest economy undermining the very process of creative...
State of Multifamily Financing
With uncertainty about what the reform of Fannie Mae and Freddie Mac will bring, mandatory reductions in their portfolios scheduled for 2010, and questions...
Sub-prime bail out
Encouraged by the housing bubble, easy credit, along with the expectation that housing prices would continue to appreciate, many subprime borrowers took out mortgages...
The moral economy
But despite the politicians' rhetoric, it is not hard to understand why America is in trouble. First, there has been too much madcap real estate...
Agency borrowing: Why the multifamily industry relies on GSEs
First, there are the portfolio lenders including banks and insurance companies. These lenders retain loans "in their portfolio" by making loans using funds from...
Community opposition to multifamily
Overcoming community resistance to multifamily development Community opposition to multifamily has become one of the top barriers to construction of accessible, sustainable housing in America....
Gen Y buy in
Not long ago apartment living was an accepted rite of passage -- a years-long holding station between dormitory living and home-ownership. But with today's...
The day the leasing office died
The landlord selected an apartment for the prospect, that is, as soon as the results of the leasing application and credit screening were deemed...
A reasonable proposal
Much has been made of the recent proposal by the President’s Advisory Panel on Federal Tax Reform to modify the current, virtually unlimited mortgage...
