Category: Berlin

Month in Review: September, 2015: Part 2, When things are getting better

13 October, 2015 (10:00) | Apartments, Berlin, Chapter 121A, Global news, Homeownership, Housing, London, Markets, Month in review, Pension funds, Real estate taxes, Rent control, Rental, Tax abatement |

By: David A. Smith [Continued from yesterday’s Part 1.] After having written in August about the three laws of urbanization, I followed up in September by chronicling the future – that is, what will happen in Germany and Berlin now that the nation has authorized, and the city has adopted, a seemingly benign form of […]

Month in Review: September, 2015: Part 1, When things are getting worse

9 October, 2015 (10:00) | Apartments, Berlin, Chapter 121A, Global news, Homeownership, Housing, London, Markets, Month in review, Pension funds, Real estate taxes, Rent control, Rental, Tax abatement |

By: David A. Smith Something really awful over here! During September, I returned yet again, like a bloodhound to a foul-smelling mound of earth, to the seemingly endless maze of doublethink connivances related to public-employee pension fund accounting, management, overspending, and general defalcation, with the discovery of the cottage industry of strategically underestimating costs of […]

Month in Review, August 2015: Part 2, Lingering debts

25 September, 2015 (10:00) | Actuaries, Bankruptcy, Berlin, Boston, de Blasio, Economic development, Essential posts, Greece, Housing, Illinois, Month in review, Olympics, Pension funds, Puerto Rico, Urbanization |

By: David A. Smith [Continued from yesterday’s Part 1.] The true mystery of capital lies in its mutability: property can be turned into money, money into chattel, chattel into property, and all through the chemical reaction of markets; moreover, money can be created (value greater than cost) and money can be lost (cost greater than […]

Month in Review, August 2015: Part 1, Enduring assets

24 September, 2015 (10:00) | Actuaries, Bankruptcy, Berlin, Boston, de Blasio, Economic development, Essential posts, Greece, Housing, Illinois, Month in review, Olympics, Pension funds, Puerto Rico, Urbanization |

By: David A. Smith For a month in which normal people (e.g. those not obsessed with blogging) go on vacation, August contained plenty of material related to affordable housing, starting with the ever-inventive Mayor Bill de Blasio in the ever-political city of Gotham, with the city’s attempt to create its own home-rule version of the […]

Housing policy’s original sin: Part 5, Surely die

23 September, 2015 (10:00) | Airbnb, Apartments, Berlin, Bertolt Brecht, Germany, Government, Homeownership, Housing, Markets, Merkel, Rent control, Rental, Theory, Urbanization, Zoning |

[Continued from yesterday’s Part 4 and the preceding Part 1, Part 2, and Part 3.] By: David A. Smith The preceding four parts have established that Berlin’s rent control, enacted in relative haste and with what seemed inn the plain words to be ultimately reasonable, will over the years following gradually tighten its grip even […]