Weekly Link Round Up


Photo by NR flickr user John Leighton. The weekly link roundup is a collection of links related to Newburgh, revitalization, urban planning and anything else that might inspire change or create dialogue.

Tech World moves to bigger Newburgh location [THR]
The Unintended Consequences of Housing Finance [RPA]
Newburgh gets highest credit rating since early 1990s [THR]
First convictions for dumping in Newburgh [Mid Hudson News]
The hipster is dead, and you might not like who comes next [Mashable]

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One Comment

  • – +1000 to Mr. Bruce. The more ‘eye candy’ the better.
    – Who’s your daddy NCLB? Housing Finance summed up…private competition eliminated, .gub takes over industry, industry backed by the tax payer. The same new rules allowing the FHFA to have oversight will allow for a bailout. Fact is Fannie & Freddie are broke and their balance sheets are garbage (fannie alone already has a debt to equity ratio of 800/1 ). As per the “government approach” in general, there is no difference,aside from the mechanics, between a direct subsidy and reforming regulations to lower the threshold to the path to subsidy nirvana. It nets the same result… subsidies neatly packaged into “non-conforming” loans. Not risky? Think sub-prime. Secondary market? It wasn’t the subprime loans per ‘se that blew up the ‘market’ in ’07 but more their traded derivatives. Fast forward to today, a “government approach” guarantees a bailout. This article implies that the condition of poverty relative to a distinct housing development approach is one of causation, once again twisting affordability with accessibility for the sake of argument. It’s telling that while refering to the stats comparing the disparity between single family loans to multi-family, the article’s authors completely ignore the fact that the SBA loans descend further down the rank to just half of the latter. Hmmm, nothing to see there. It get backs to that competitive thing. Denser communities demand more municipal services. Demand drives price inflation. That’s normal economic growth. Subsidizing college tuition and healthcare increased costs, so can that argument. We’re not making widgets where economies of scale drive down prices. Subsidizing college tuition and healthcare have only served to increase costs, so can that argument. However, if your demand base can’t afford itself that’s an income issue. Mixing incomes doesn’t decrease the demand nor lower the price, it just scatters the increased aggregate costs. Indeed, the City manager was correct when he said ‘the desire is to no longer need the NCLB’. I’m not certain if a fed replacement is what he had in mind.
    – ‘Burgh’s credit rating: “The upgrade to Baa2 reflects the city’s improved financial position, active state oversight, and stabilizing tax base. The rating also reflects the city’s high debt burden and very weak socioeconomic indices.” There was a reason why they delayed floating that $8mil. BAN..The $40mil. balance might be an issue.