Ghost city or $100 billion paradise adjacent to Singapore? Chinese developers build gigantic “Forest City” in Malaysian Special Economic Zone. 10 km of coastline! 2 bedroom apartments for < $200k. The mental model is Shenzhen: a city that barely existed 25 years ago, across the border from Hong Kong. Population today: 10 million. Bloomberg: The …
Long after the explicit use of racist terms in laws, policies with important racial impacts can linger in past practices that marginalize minority communities. Beryl Satter’s Family Properties: How the Struggle Over Race and Real Estate Transformed Chicago and Urban America, describes a key historical case of mid-century real estate practices that led to entrenched …
I thought it worthwhile to re-post my 2008 slides on the credit crisis. I wrote these slides just as the crisis was getting started (right after the big defaults), but I still think my analysis was correct and better than post-hoc discussions that are going on to this day. I believe I called the housing …