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Content Tagged with housing + User:jeyrb

[from amaah] Nigeria bulldozes slums to polish capital

The authorities have demolished more than 800,000 homes in slums around Abuja since 2003. "People have to obey the laws otherwise we'll have slums and shanties all over just like Lagos, Brazil, Rio De Janeiro, Mexico ..." Sigh. Plus ca change.

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[from amaah] Once Grand, Now Bedraggled

On abandoned embassies. Considered foreign soil, they pose problems once vacant. "It's unsightly and disrespectful to the neighborhood." Will squatters be next in the old Yugoslavia or Malawi embassy?

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[from amaah] The CEPR Housing Cost Calculator

compares the cost of owning a home relative to renting for a potential new homeowner. It reports the "Net Cost of Owning" -- the expected amount of additional cash available to a renter compared to the amount available to a homebuyer who buys a home today

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[from amaah] Subprimal Urges

There's nothing more delightful than lending borrowed money, especially if you imagine that faster-moving financial markets reduce risk. Borrow a billion here and lend a billion there, package and sell the loans, pay off the billion borrowed, get out scot

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[from amaah] Living The American Nightmare / Foreclosures On The Rise

The 40-year fixed-rate loan, at an interest rate of 10.5 percent, carries monthly payments of $5,000. It was underwritten by BNC Mortgage of Irvine (Orange County), a subsidiary of Lehman Bros. BNC said that it is a responsible lender. Indeed.

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[from amaah] The Plankton Theory Meets Minsky

The ongoing meltdown in the sub-prime mortgage market would not matter, except for those directly involved, except that it marks the unraveling of Ponzi finance units that, on the margin, were the plankton of the bubbling property sea of recent years.

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[from amaah] Not Everyone Is Grateful as Investors Build Free Apartments in Mumbai Slums

sustainable strategy or giveaway? Builders raze entire slums and use part of the land for tenement houses to shelter the former residents. In return, the developer wins the right to build lucrative towers on the rest of the land, and pays nothing but the cost of resettlement.

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