The Language of Real Estate

photo credit: HowardLake

Among new terms reported in the New York Times article, Buzzwords 2007, today are two related to real estate:

Ninja Loan n. No income, No Job or Assets. A poorly documented loan made to a high-risk borrower.

Walkshed n. The area that can be conveniently reached on foot from a given geographic point. Compare with foodshed, the area sufficient to provide food for a given location, and viewshed, the landscape of topography visible from a given geographic point, especially one having aesthetic value. All are patterned after watershed.