amaah + housing   88

Show me a hero
David Simon celebrates the small things
review  social  culture  movies  race  housing  policy  politics  drama  observation 
april 2016 by amaah
I invent a tiresome electoral marketing concept
I wish we could just blame the Tories but Blair's New Labour contributed to this state of affairs
economics  england  policy  housing  politics  shellgame  bubble  culture  observation 
april 2015 by amaah
Where will we live?: The Housing Disaster
Thatcher's dream of immiseration comes true under Cameron
england  politics  housing  strategy 
january 2014 by amaah
The Subprime Borrower Protection Plan
Dean Baker's 2007 prescient proposal now being considered by the banks after all useless alternatives and attempts at wishful thinking have been explored. The idea is to make underwater homeowners renters rather than foreclose on them. Banks gain too of course but, well, it's better than the blight to the economy of unnecessary foreclosures
recession  depression  usa  strategy  politics  policy  foreclosure  mortgage  banking  bubble  housing  economics 
march 2012 by amaah
Paving Paradise
on the benefits of concrete:
Kids in houses that moved from all-dirt to all-concrete floors saw parasitic infestation rates drop 78 percent; the number of children who had diarrhea in any given month dropped by half; anemia fell more than four-fifths; and scores on cognitive tests went up by more than a third. (Perhaps unsurprisingly, mothers in newly cemented houses reported less depression and greater life satisfaction.)
development  publichealth  science  health  infrastructure  housing  economics  policy  strategy 
january 2012 by amaah
The Ghanaian transaction-based residential indices
Wilfred K. Anim-Odame's index for modeling the Ghanaian real-estate market.
modeling  realestate  housing  markets  research  city  urban  development  pricing  economics  Ghana  africa 
december 2010 by amaah
Listening There: Scenes from Ghana
architectural tour of Ghana focusing on 'tropical modernism'... there's a nod in the slideshow to containers and kiosk culture but mostly the urban hullabaloo is overlooked
architecture  photography  design  Ghana  Africa  modernity  urban  housing 
september 2010 by amaah
I think you’ll find that’s my line, Seamus
with a paragraph that could well describe the Nigerians during their oil boom or say the Russian oligarchs after the Soviet collapse... the poor Irish... For another, though, there was never any real threat to us from the Vikings. Broadly speaking, the financial community knew what they were up to. They were a bunch of foreigners with seemingly no clue what they were doing, more or less unlimited amounts of money borrowed from their local banks, a burning ambition to pick up iconic and prestigious business assets, and seemingly no concept at all of a fair or even reasonable valuation. People like that, one finds, are generally well liked in Throgmorton Street; you might have to put up with the odd economics lecture, but usually they’ll make it worth your while to hang on. Generations of such ambitious foreigners have breezed through the City, usually leaving with armfuls of previously unshiftable dogs and sans wallet. Come one come all, as long as you pay cash etc.
Ireland  bubble  shellgame  economics  finance  housing  debt  hubris  culture  England  observation  money  risk  crisis  decline 
may 2010 by amaah
The Oligarchs' Escape Plan
"debts that can’t be paid, won’t be"... man, the writing on collapse is entertaining if bleak
bleak  looting  finance  economics  capitalism  debt  bubble  strategy  crisis  money  inequality  USA  buyer'sremorse  housing  policy  politics  banking  depression  rentseeking 
march 2010 by amaah
The Age of Concrete
Dubai's Burj Khalifa's structural frame is made of reinforced concrete
materials  concrete  design  architecture  construction  engineering  technology  dubai  buildings  housing  economics 
march 2010 by amaah
Knowing where home is can get complicated
ah maps... what happens if your property straddles the boundary of two towns? You might have to pay property taxes to both... Render unto a capricious Caesar and all that
maps  law  geo  housing  boundaries  taxes 
february 2010 by amaah
In praise of ugly buildings
contrarianism for contrarianism's sake, you'll never convince me that Boston city hall is anything other than alienating
Boston  architecture  design  standards  beauty  ugly  housing  building 
january 2010 by amaah
South Korea in $10bn Ghana homes deal
building 200,000 homes in Ghana over the next six years... a joint venture... one notes that local companies weren't part of the bidding... much as in the Millenium Challenge Accounts disbursements, companies on the ground don't have the capacity to handle large construction hence the resort to Chinese and now South Korean firms...
housing  investment  development  Africa  Korea  infrastructure  policy  economics  capacity  Ghana 
december 2009 by amaah
Yemen Finds Dreamland of Architecture
traditional building techniques and designs endure
Yemen  architecture  design  housing  building 
november 2009 by amaah
Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis (pdf)
Despite reports that homeowners are increasingly “walking away” from their mortgages, most homeowners continue to make their payments even when they are significantly underwater. This article suggests that most homeowners choose not to strategically default as a result of two emotional forces: 1) the desire to avoid the shame and guilt of foreclosure; and 2) exaggerated anxiety over foreclosure’s perceived consequences. Moreover, these emotional constraints are actively cultivated by the government and other social control agents in order to encourage homeowners to follow social and moral norms related to the honoring of financial obligations - and to ignore market and legal norms under which strategic default might be both viable and the wisest financial decision. Norms governing homeowner behavior stand in sharp contrast to norms governing lenders, who seek to maximize profits or minimize losses irrespective of concerns of morality or social responsibility. Norm asymmetry
economics  bubble  debt  depression  norms  values  strategy  control  law  pressure  loss  psychology  housing  mortgage  morality  shame  information  decisions  research  fear  manipulation  politics  culture  perception  risk  humanfactors  social  groups  filetype:pdf  media:document 
november 2009 by amaah
African view: Credit-crunch proof?
Mum on the credit-crunch... debt toli...
Well, over here, we do not do mortgages, sub-prime, toxic or otherwise. And, in these parts, we talk about building a house and not buying a house.

And the building of a house has been known to take up to 10 years, giving rise to a phenomenon known as the uncompleted house - many examples of which you will see dotted all around the country.
credit  debt  economics  Africa  bubble  depression  observation  culture  Ghana  housing  development  mortgage  mum 
september 2009 by amaah
An Inwood Apartment With a Past
The drug dealer, officials say, had led people to believe that he had used the apartment, which is on Broadway in Inwood, as a stash house for $900,000 cash.
crime  housing 
may 2009 by amaah
Foreclosure Trash Out - Ill Fortune and Its Leavings
scenes from the depression, Riverside county as ground zero of the housing bubble...
observation  debt  housing  mortgage  crisis  USA  California  foreclosure  culture  loss  waste  depression  bubble  sustainability 
march 2009 by amaah
Learning from slums
On a more basic level, these places can teach us about where, for better or worse, urban life appears to be headed. "Squatters are the world's dominant builders," says Brand. "If you want to understand what's going on in cities, look at squatters."
slums  urban  development  architecture  housing  planning  communities  culture  perception 
march 2009 by amaah
As Housing Tide Receded, California Town Was Left Stranded
Mountain House blues. Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages than their houses are worth, the highest percentage in the country. The average homeowner in Mountain House is “underwater,” as it is known, by $122,000
housing  bubble  debt  mortgage  economics  USA  ShellGame 
november 2008 by amaah
Dharavi, India's largest slum, eyed by Mumbai developers
If the officials get their way, the slum will be demolished and reborn as a gleaming collection of high-rise apartments, office towers and manicured parks. Residents who arrived before 2000 would be re-housed elsewhere in Dharavi in small flats of 225 square feet -- smaller than a suburban American garage -- while an influx of richer folk and big companies would turn the area into one of Mumbai's fashionable addresses.
slums  India  housing  development  policy  economics  business  realestate  communities  adjacencies  social 
september 2008 by amaah
$625,000 for this? On a street of plunging prices, a questionable sale
mortgage fraud and the credit shell game continues even in 2008. Everyone - from broker to appraiser to escrow agent to bank lender- looks the other way and gets their fee. We are all subprime now.
fraud  mortgage  ShellGame  realestate  housing  credit  usa  california  business  debt  economics  finance  via:calculatedrisk 
july 2008 by 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.
nigeria  slums  housing  policy  politics  Africa 
july 2008 by amaah
Functional Fenestration, Inc.
Fodder for a novel or short story. windows, hinges, lift and slide, rollers etc. The language and the name! Overheard the sales reps and engineers on the subway. Fascinating. perhaps something like Colson Whitehead. Functional Fenestration Inc!
hardware  engineering  housing  manufacturing  design  technology  marketing 
june 2008 by 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?
dc  washington  housing  diplomacy  USA  dilemmas  via:nate 
june 2008 by amaah
Arriving in London: Hotels Made in China
Containers! Verbus Systems, a London-based company that builds rooms in metal containers in factories near Shenzhen, China, and delivers them ready to be stacked into buildings up to 16 stories tall.
containers  architecture  design  construction  China  England  economics  housing 
may 2008 by amaah
Under the volcano
Mansions are going up in Goma. the cardinal irony is how a place so steeped in heartache can come gift-wrapped in some of the most beautiful scenery in the world.
Congo  poverty  development  resilience  environment  war  Africa  housing 
november 2007 by amaah
Will the Fed Reverse the Housing Slump?
there is a good deal of evidence to suggest that the typical home last year was overvalued by something like 20 percent. The scariest part of a national decline like this is that it could be more like 40 percent in some parts of the country.
bubble  housing  mortgage  economics  panic  finance  USA  ShellGame  analysis 
september 2007 by 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
Housing  economics  mortgage 
september 2007 by amaah
Mortgage Mess Unleashes Chain Of Lawsuits
the originators and credit raters shoved enough pigs and laying hens in with the beef herd that investors expecting prime ribs on their silver platter and money in their pocket ended up with pork ribs on their paper plate and egg on their face. Metaphor
language  zingers  metaphor  mortgage  economics  bubble  panic  housing  finance  moralhazard  incentives 
september 2007 by amaah
Sub-prime borrowers not alone
It's not just sub-prime borrowers who are having trouble getting affordable home loans. mortgage investors are shunning all but the most traditional loans, creditworthy borrowers are getting hammered if they want mortgages with payment options or the "jum
economics  mortgage  housing  panic  bubble  USA  credit  investment  finance  debt 
august 2007 by amaah
Where’s Waldo?
The past few weeks have exposed a giant crack in modern financial architecture, created by youthful wizards and endorsed as a diversifying positive by central bankers present and past. While the newborn derivatives may hedge individual institutional and s
economics  housing  finance  bubble  mortgage  ShellGame  risk  business  credit  policy  politics  strategy  leverage 
august 2007 by amaah
A rush to pull out cash - Scenes from the mortgage meltdown
Worried about the stability of mortgage giant Countrywide Financial, depositors crowd branches. In Laguna Niguel, Bill Ashmore drove his Porsche Cayenne to the bank's office and waited half an hour to cash out $500,000. "It's got my wife totally freaked o
panic  economics  USA  business  bubble  mortgage  housing  finance  banking 
august 2007 by amaah
Home Economics
The New Mathematics, Voodoo Economics, Jumbo Jitters and a Subprime Playlist. Some housing toli... Maximum prudent ™ house price = $521,250 = $417,000 (maximum federally-insured mortgage) + 20% downpayment
economics  housing  mortgage  BayArea  California  Berkeley  observation  home  money  finance  debt  ShellGame  toli 
august 2007 by 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
panic  debt  bubble  subprime  mortgage  housing  finance  markets  risk  psychology  leverage  ShellGame  banking  USA  europe  economics  business  GreatGame  realestate  credit 
august 2007 by amaah
Coping with the mortgage meltdown
Investors essentially stopped buying nonconforming mortgages - those not guaranteed by agencies such as Fannie Mae and Freddie Mac - causing lenders to raise rates on these loans or stop making them altogether. Some home buyers who were preapproved for a
mortgage  credit  debt  USA  bubble  economics  Housing  policy 
august 2007 by amaah
In a Credit Crisis, Large Mortgages Grow Costly
The problem was that he was taking out a so-called jumbo mortgage- a loan greater than the $417,000 mortgage that can be sold to the federally chartered Freddie Mac and Fannie Mae. The market for large mortgages has suddenly dried up.
mortgage  credit  debt  USA  bubble  economics  Housing  policy 
august 2007 by amaah
It's The End Of The World As We Know It BNP Paribas Suspends Redemptions And Sets Off Panic
"Remember those pictures from the Great Depression? The ones where the banks had to lock their doors because depositors were rioting to withdraw their savings. That's what we've got right now," Another described this morning as a "Rumsfeld moment." Panic!
panic  debt  bubble  subprime  mortgage  housing  finance  markets  risk  psychology  leverage  ShellGame  banking  USA  europe  economics  business  language  zingers  sarkozy  GreatGame  realestate  credit 
august 2007 by amaah
BNP Paribas Investment Partners temporaly suspends the calculation of the net asset value of 3 funds
The complete evaporation of liquidity in certain market segments of the US securitisation market has made it impossible to value certain assets fairly regardless of their quality or credit rating. The situation is such that it is no longer possible to val
banking  language  sarkozy  GreatGame  economics  panic  mortgage  subprime  bubble  realestate  finance  debt  credit  housing  markets  risk  psychology  leverage  ShellGame  USA  europe  business  zingers 
august 2007 by amaah
Mortgage crunch
The new math: $417,000 (maximum federally backed mortgage) + 20% downpayment = $521,250. Note: Average housing price in Bay Area = $750,000. Something does not compute. The force of gravity will make itself felt.
realestate  mathematics  economics  bubble  housing  USA  california  ShellGame  reality  con  finance  panic 
august 2007 by amaah
New Interest in Bridgeport’s Neglected Neighborhoods
Residents of neighborhoods with the largest minority populations spend an estimated $122 billion a year on retail purchases, but an additional $40 billion could be spent in these neighborhoods if there were more stores and restaurants.
urban  housing  renewal  investment  neglect  development  finance  business  city  realestate 
august 2007 by amaah
BNP Paribas freezes security funds
Panic! Earlier than Dubya would like. A major French bank, BNP Paribas, announced that it was suspending three of its asset-backed securities funds, saying it could no longer value them accurately because of problems in the U.S. subprime mortgage market.
panic  debt  bubble  subprime  mortgage  housing  finance  markets  risk  psychology  leverage  ShellGame  banking  USA  europe  economics  business  language  zingers  sarkozy  GreatGame  realestate  credit 
august 2007 by amaah
In the mortgage mess, finger pointing is in style
“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed rate mortgage,” said Alan Greenspan. Rarely has an industry done a better job of following a regulator’s suggestion. Guilt?
usa  economics  bubble  housing  realestate  debt  incentives  moralhazard  policy  strategy  investment  mortgage  risk  bottomfeeding  ShellGame 
august 2007 by 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.
USA  housing  economics  risk  debt  bottomfeeding  bubble  casualties  foreclosure 
august 2007 by 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.
economics  bubble  Housing  realestate  USA  ShellGame 
august 2007 by amaah
Urbanist explosion
"nouveau" buyers -- those roughly between the ages of 25 and 45 who want an urban environment but don't necessarily dig downtown. This shared desire to be urbanists while avoiding the urban hub.A neighborhood vibe condo conversions, lofts and apartments
housing  realestate  trends  urban  taste  construction  USA  modernity  social  design  architecture  city  neighbourhood 
july 2007 by amaah
They said it couldn't be done
Five years ago, the ever-inventive structural engineer Cecil Balmond worked with the Japanese architect Toyo Ito to shape one of the most exquisite and revolutionary buildings of recent times - a temporary summer pavilion for the Serpentine Gallery in Lon
Architecture  design  art  building  Housing  construction  innovation  engineering 
july 2007 by amaah
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