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Public housing’s dependency trap: Part 1, the schema
In a step remarkable even for a state known for its remarkable politics, on November 20 three housing authorities — Boston, Brookline, and Cambridge — filed suit against the Commonwealth of...
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Public housing’s dependency trap: Part 2, the lawsuit
[Continued from yesterday’s Part 1.] Yesterday we saw that public housing’s real estate is placed into a dependent position, with structural negative NOI as a consequence of its rent structure, and a...
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Billion-dollar battle: Part 11, with a whimper?
[Previous Stuy Town posts can be found here: 1, starting gun, 2, opening bets, 3, what’s at stake 4, paging the cavalry, 5, must the public pay?, 6, orchestra warms up, 7, unpublished score, 8, hidden...
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Flipping in slow motion
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...
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China’s whistling tea-kettle
By:David A. Smith A whistling kettle not only keeps the pot from exploding, it tells you the water’s boiling; it’s both a release valve and a signal. And in China’s economy, as shown in this Wall...
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