Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.]
So there I was, mid-May in Dublin at the Foundation for Fiscal Studies’ 24th annual gathering, The Fiscal Treatment of Property, expanding on the topic Lessons from the United States and explaining US real estate taxation to a roomful of tax wonks.
Class, can you say ‘locally autonomous control’?
[Click here to [...]
What if you woke up one morning and local property taxes has been abolished?
No real estate tax escrows collected by your mortgagee.
No assessments, no city assessors.
Before you smile too broadly, I have to mention some other George-Spiggott-inspired conditions of the scenario:
I want only your immortal soul
No local autonomy on schools, police, fire, health. All [...]
[Continued from yesterday’s Part 1.]
When an owner skedaddles, leaving a trail of crumbling buildings and reams of uncured building code violations, whom can we vilify?
Building code violations! New York Times articles! Run away!
Certainly someone is culpable:
At 1744 Clay Avenue, residents have endured winter days without heat and hot water. The super has not been paid [...]
Residential property is an exoskeletal shell that, like the chambered nautilus, is alive only when inhabited, the occupant playing the important role of eternal vigilante.
I may not own it, but I occupy it!
These two roles are best fused via homeownership, where the occupant and the owner are one and the same, but can also [...]
What do you mean, ignore anything maturing after 2010?
Ever since the capital markets’ implosion, Harvard Law School’s Lucian Bebchuk has been making a cottage industry of publishing provocative editorials, often in the Wall Street Journal, offering diagnoses of how we got here and prescriptions of what we should do to dig ourselves out. Running through [...]
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