Month: August, 2009

Anti-black or anti-green? Part 1, we won … didn’t we?

24 August, 2009 (12:36) | Chapter 40B, Desegregation, False Claims Act, Inclusionary zoning, Local issues, Westchester County, Workforce housing, Zoning | No comments

Forty years after Operation Breakthrough, the question remains: is exclusionary zoning (de jure or de facto in high land prices) racist, or merely elitist?

Racial discrimination, or economic?
Westchester County house values

Only one is illegal, and in the case of Westchester County, as reported in the New York Times, it took a curious private-citizen [...]

Reviving transportation?

21 August, 2009 (09:40) | Cities, Homeless, Immigration, Innovations, New York City, Policy | No comments

What to do with the homeless?  Can we just wish them away?
 

Just say yes, and an anonymous person vanishes
 
A moral-philosophy question rattling through cyberspace asks, If you were offered $1,000,000 to make someone disappear, would you?
 

Happy to make the stain of homelessness vanish?
 
Actually, as documented in this New York Times article, the cost is much [...]

Subsidy or surcharge? Part 2, should we?

20 August, 2009 (11:14) | Local issues, Massachusetts, Real estate taxes, Tenure, Theory, Zoning | No comments

[Continued from yesterday’s Part 1].
 
Yesterday’s post examined the hypothetical of raising property taxes while exempting a particular class of elderly homeowners from the increased costs they would vote to impose.  As shown in a fascinating quantitative analysis, Massachusetts Proposition 2½, Simulating Overrides with Low-Income Elderly Exemptions, published in the Federal Reserve Bank of Boston article in [...]

Subsidy or surcharge? Part 1, how much?

19 August, 2009 (09:53) | Local issues, Massachusetts, Real estate taxes, Tenure, Theory, Zoning | No comments

Once we have accepted the principle that tax burdens should vary by taxpayer group – and everyone except a few economists have so accepted, at least in the world of political reality – we must choose who gains the more favored treatment – and how we package it.

Long ago, when I matriculated to [...]

Cutting turf: Part 2, the sand traps

18 August, 2009 (10:52) | Banks, Capital markets, Policy, Regulation, Subprime, US News | No comments

[Continued from yesterday's Part 1].
 
Yesterday we met beleaguered Treasury Secretary Tim Geithner, the Administration’s point person on comprehensive post-catastrophe fundamental financial and regulatory reform, who having attained a position of power finds himself opposed not by his enemies but rather by his ostensible friends, his frustration boiling over as reported in the Wall Street Journal:
 

“You [...]