David A. Smith Author Archives

The Guru Is In: Ten Times More Valuable

In today’s market, a dollar of tax-exempt volume cap that funds affordable housing is more than ten times more valuable than if it funds any other property type.

The Guru Is In: What’s Driving the Nation’s Housing?

For just over a third of a century, Harvard Joint Center for Housing Studies’ (JCHS) State of the Nation’s Housing has been an annual must-read for its comprehensive, omni-sourced examination of all things housing – and its disciplined just-the-facts-ma’am compilation makes it fertile ground for a guru to discover the invisible drivers of housing.

The Guru Is In: Housing Lifts Economic Development (And Not the Other Way Around!)

In early September, USC’s Lusk Center for Real Estate, in partnership with Habitat for Humanity’s Way Forward Housing Coalition, put on an in-person Washington, DC conference called “Housing’s Contribution to Economic Development.”

The Guru Is In

Without anyone noticing, at roughly the same time ‘return-to-office’ softened its branding to ‘hybrid work environment,’ ‘side hustle’ replaced ‘moonlighting’ as the common parlance for being entrepreneurial outside one’s primary job.

The Guru Is In: The Subtextual Struggle Over Entrepreneurial Talent  

In 1937, an upstart 27-year-old British economist published a short essay whose modest title, The Nature of the Firm, has newfound resonance in our post-hybrid information work world.

The Guru Is In: Why So Challenging?

Why so challenging? asked the housing joker and would not stay for an answer.

The Guru Is In: Evolvable Design

When the Ukrainians begin rebuilding their bludgeoned eastern cities and returning to their damaged homes, among the dysfunctional Soviet legacies they must address is a deeply embedded, invisible one: their national building code. 

The Guru Is In: Inflation For Fun and Profit  

Inflation being here in force regardless of our desires, last month’s Part 1 demonstrated that, when it comes to operations, your actions depend on what you think about the economic future.

The Guru Is In: Inflation for Fun and Profit

Now that the Administration has tacitly acknowledged inflation is a major challenge by blaming it on others, affordable housing allocators, developers, owners, managers and regulators need to readjust their expectations and behaviors. 

The Guru Is In: Monetizing Virtue

Although virtue may be its own reward, try telling that to a nonprofit’s chief financial officer.

The Guru Is In: 50 Years of Difference-Makers

Because life makes sense only in retrospect, we’re seldom aware in the moment that someone else’s action can change our lives forever. Nor will your benefactor know, then or after, just how seminal his or her small action was, and somehow, you’ve never thanked those who helped you.  

The Guru Is In: It’s Ba-a-a-ck

Forcibly caged in 1982, and virtually somnolent for the last two decades, inflation is back with such a vengeance that the Administration is using ever more grandiloquent circumlocutions to deny its existence.   

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