Category: Appraisals

Better off vacant: Part 2, No more sledgehammer risk

29 July, 2013 (12:03) | Apartments, Appraisals, Markets, New York City, Policy, Politics, Real estate taxes, Regulation, Rent control, Rental, San Francisco, Supply, Theory, US News |

[Continued from yesterday's Part 1 .]   By:David A. Smith   Yesterday’s post introduced us to landlord-turned-rental-dropout Scott James, whose New York Times Op-Ed (June 7, 2013) described his disillusionment with being a landlord crystallizing when the City of San Francisco told him, in so many words, that his property was more valuable with its extra […]

Better off vacant: Part 1, One reason for the shortage? Me

26 July, 2013 (10:00) | Apartments, Appraisals, Markets, New York City, Policy, Politics, Real estate taxes, Regulation, Rent control, Rental, San Francisco, Supply, Theory, US News |

By:David A. Smith     We humans can be so set in our ways that it often takes either juxtaposition or absurdity to reveal the contradictions between (say) our stated principles and our actual decisions, but fortunately New York’s dueling papers provided the raw material for just one such, with (unexpectedly) a New York Times […]

The ‘I don’t like you’ tax

6 March, 2013 (14:32) | Appraisals, Capital, China, Global news, Hong Kong, Local issues, ownership, Real estate taxes, rentals, Singapore, Speculation, Valuation |

By:David A. Smith   For the most full-on Monet of reasons (“from far away, it’s okay, but up close it’s a big old mess”), Signapore has imposed a hefty surtax on foreigners buying residential property in their thriving city state.  As reported in the Wall Street Journal (January 29, 2013):   Singapore’s Housing Tax Hits […]

If you don’t like the answers, stop asking questions!

17 March, 2011 (16:10) | Appraisals, China, Databases, Global news, Indices, Innovations, Markets |

By: David A. Smith    Markets create information, and they depend on that information being reported and aggregated.  At the same time, markets can be manipulated by information – that’s why insider trading is illegal – so when the ostensibly reliable disinterested referees abandon scorekeeping, people can become upset, as reported in the Wall Street […]

At last, something new to tax!

14 March, 2011 (17:46) | Appraisals, Housing, Innovations, Municipal Finance, New York, Sovereigns, Taxation, US News |

By: David A. Smith    Continuing its search for something new to tax, the State of New York has stumbled upon a strategy that for sheer technical brilliance rivals any of the great schemes of the past: taxing income based not on where it was earned, but on the potential for the taxpayers’ to occupy […]