Month: July, 2007

The evolved rent-control landlord: Part 1, the complaint

31 July, 2007 (10:00) | Markets, Rent control, Theory | No comments

Rent control, as I’ve posted on many occasions, survives in spite of the fact that there is no economic or public-policy case for it; rather, once rent control is enacted as a short-term political fix, it embeds itself into the society, with ever-more-fierce defenders among its ever-less-market-connected beneficiaries. 
 

I’m defending my right to be here
 
Meanwhile, [...]

The value of foreclosure

30 July, 2007 (09:29) | Global news, World markets | 1 comment

“The only thing worse than being talked about
Is not being talked about.”
– Oscar Wilde

This is how I assure I am talked about
 
Foreclosure summons up in our minds the most heartbreaking bathetic images:
 

 
In financial terms, foreclosure is the death of a venture: the owner loses the property, the lender recovers its collateral, tenants are often evicted, [...]

No adolescents need apply? Part 2, gown

27 July, 2007 (09:28) | Markets, US News, Zoning and land use | No comments

 
[Continued from yesterday's Part 1.] 
 
Yesterday we saw that that infamous minority, ’some’ residents of Indiana, PA, want to keep ‘those people’ (in this case, students) away from their nice residential area. 
 
“It’s a nice area — that’s what bothers me,” Shirley Hoover said. “When you look at the houses, you know which ones are college [...]

No adolescents need apply? Part 1, town

26 July, 2007 (09:30) | Markets, US News, Zoning and land use | No comments

Communities exist because people come together, and as people are a totality, not dismemberable into economic versus biological elements —
 

We don’t want you in our community
 
– one would expect that a locality would embrace the rough with the smooth.  Yet often localities wish to separate a group’s money (which they prize) from its presence (which [...]

Looking to Washington for ideas? Part 2: Don’t look up?

25 July, 2007 (09:54) | Markets, US News, Zoning and land use | No comments

 
Yesterday I reviewed Steven Pearlstein’s column seeking a regional solution, and finished by rhetorically asking what was the one feature that distinguishes Washington DC from its neighboring towns?
 

“I’m staying under the height restriction!”
 
The height restriction.
 
Virtually unique among US — at least, I know of no other — the District has forbidden buildings taller than 160 [...]