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The Port of Greater Cincinnati Development Authority outbids Wall Street to buy houses in Cincinnati

Rebuilding Place in Urban Space

Sadly, wrt the Purple Line I first suggested this in 2007. I guess this presupposes that the agency is predisposed to act instead of sit around. Fifteen years later, still no action. Historic preservation. Same for historic preservation. The best way to arrest the possible demolition of a property is to buy it. Bias for action.

Housing 52
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Closing Cost Reform: Long Overdue and Worth the Fight (Part 1)

The Stoop (NYU Furman Center)

5 This is because the government has put considerable time and resources into developing lower downpayment alternatives that are still of acceptable credit quality to the government agencies that provide most mortgage credit today. The 2007 GAO report indicates this has been the historic practice in the title insurance business.

Housing 59
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Government Mortgage Interest Rates: A Serious Discussion about the Intertwined Topics of Risk Adjustment and Cross-subsidies

The Stoop (NYU Furman Center)

In conclusion, a proper approach to reasonably risk-adjust all government agency fees –combined with charging carefully targeted borrowers a lower interest rate funded by other carefully targeted borrowers paying a higher interest rate – would be far better public policy than what exists today.