Archive for the ‘Finance’ Category
Is Your Religion Your Financial Destiny?
05.22.11Foreclosures and Asymmetrical Morality
01.24.10Like most Americans, I do not believe that morality has a place in business transactions between a consumer and a business. Business is governed by applicable law and no more. Does Visa show clemency to consumers who can not pay? No, they charge default interest. Accordingly, I am confused as to why so many home owners who are underwater, do not walk away from their homes.
Gentrify or Die
01.08.10New York Magazine addressed a beef that I have had for a long time with the displacement myth, noting that there is no causal relationship between gentrification and displacement. The piece is in reaction to a n+1 essay that reads like an undergrad book report.
Also, the Times notes that blacks are no longer a majority of the population in Harlem. The article notes “Because so much of the community was devastated by demolition for urban renewal, arson and abandonment beginning in the 1960s, many newcomers have not so much dislodged existing residents as succeeded them. In the 1970s alone, the black population of central Harlem declined by more than 30 percent.”
Foreclosures & the New Carpetbaggers
01.06.10The Times ran another piece on the foreclosure mess in Florida. What strikes me about the foreclosure era is the special type of entrepreneur who is able to profit off other people’s misery. Reminds me of Goldman Sachs cashing in on the way up and the way down. Who says you can’t get 2 bites from that apple?
The Debt Economy
12.01.09Foreclosure to Rental
05.27.09Interesting tact on profiting from the foreclosure waves.