Tag Archives: Housing

More Collateral Damage From NYC Rent Control

The Great Hall at Cooper Union. On February 27th, 1860, Lincoln’s speech here helped propel him to the Presidency. New Yorkers now gather here to facilitate the destruction of their housing stock. From the NYT: Rent Board Backs Raises Much Smaller … Continue reading

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Three Cheers For A Housing Market Recovery, Maybe

Price reduced? Good news for one third of Americans, but not for Peter Dreier From the NYT: What Housing Recovery? In the New York Times Opinion Pages Peter Dreier (Professor of Politics, Urban and Environmental Policy at Occidental College) bemoans that not … Continue reading

Posted in Adverse Selection, Economics, Geography, Housing, Inflation, Markets That Won't Clear, Money, Moral Hazard, You're Not Helping | Tagged , , , , , , , , , | Leave a comment

Does The U.S. Really Need A Department Of HUD?

I’m not sure this should be a federal issue From the NYT: San Antonio Mayor Julián Castro Is Said to Be HUD Pick in Cabinet Reshuffling It appears Julián Castro, an up-and-coming Democratic politician, may be the next choice to lead … Continue reading

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New York City’s Rent-Regulated Tenants Excluded From Amenities

And if you’re a landlord, vice versa From the NYT: What’s Next, a Bouncer? Let’s see Rent Control for what it really is: a forced subsidy from landlords to tenants, a gift from politicians to renters in return for their votes … Continue reading

Posted in Economics, Housing, Markets That Won't Clear, Officious Intermeddler, Rent Control, You're Not Helping | Tagged , , , , , , | Leave a comment

San Francisco Rent Control Tenant Buyout Offers Now Approaching 100 Months Rent

We’d love to take your $50,000, but we can’t afford it From the S.F. Gate: S.F. landlords offer tenants tempting offers to move out This is what San Francisco rent control has become. 24 years ago, the Reyes family moved into … Continue reading

Posted in Adverse Possession, Economics, Housing, Markets That Won't Clear, Rent Control, You're Not Helping | Tagged , , , , , | Leave a comment

The Step-By-Step Guide To Destroying San Francisco’s Housing Market

It’s so expensive nobody lives there anymore From the SFGate: Airbnb sublets in S.F. land some renters in the doghouse The Gentleman Economist finds San Francisco’s charms appealing: Beautiful coastal topography, including hills, fog, a gorgeous bridge and the country’s largest … Continue reading

Posted in Barriers to Entry, Cartel, Corruption, Geography, Housing, Markets That Won't Clear, Monopoly, Monopsony, Rent Control, The Future, You're Not Helping | Tagged , , , , , , , , , | Leave a comment

You’re Not Helping: New York City and Affordable Housing

Rent Control:  The Solution to, and the Cause of, New York City’s Housing Shortage From the NYT: New York’s Affordable Housing Shortage The New York Times is one of the world’s great English language newspapers and I hope customer demand (or … Continue reading

Posted in Economics, Housing, Markets That Won't Clear, Rent Control, You're Not Helping | Tagged , , , | Leave a comment

Markets That Won’t Clear: Las Vegas Real Estate

From the Wall Street Journal: Foreclosure Squeeze Crimps Las Vegas Real-Estate Market It’s especially fabulous when you don’t have to pay your mortgage (Previous posts on Markets That Won’t Clear here and here.) First, the Foreclosure-Industrial Complex was overloaded, took scandalous shortcuts … Continue reading

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New York City Sets Rents By Political Process. It Goes Badly.

From the NYT:  Rent Board Approves Higher Increases Than in ’12 No free market here, please (Previous posts on rent control here and here.) New York City’s nine-member Rent Guidelines Board annually sets the maximum rent increases permitted for some one million apartments.  The … Continue reading

Posted in Economics, Geography, Housing, Rent Control | Tagged , , , | 1 Comment

American Dysfunction: Housing

From the NYT:  King of My Castle? Yeah, Right From The New Yorker:  CROWDED HOUSE It might be easier to get into a good college (Previous post on dysfunctional American housing markets here) Two stories this week resonate soundly in … Continue reading

Posted in Cartel, Economics, Geography, Housing, Rent Control | Tagged , , | 2 Comments