Category: Communism

Real estate’s Prometheus unbound: Part 2, fast revival?

22 February, 2012 (09:30) | Communism, Cuba, Development, Entrepreneur, Global news, Havana, Homeownership, Markets, Property rights, Redevelopment, Rent control |

[Continued from yesterday's Part 1.]   By:David A. Smith   In yesterday’s post, via a New York Times article oblivious to the implications of the phenomena it was reported, we swiftly recapitulated Cuba’s half-century of economic failure, as visibly seen every day in Havana’s decaying properties.  Now that decay has finally reached its ending point, […]

Real estate’s Prometheus unbound: Part 1, slow decline

21 February, 2012 (09:11) | Communism, Cuba, Development, Entrepreneur, Global news, Havana, Homeownership, Markets, Property rights, Redevelopment, Rent control |

By:David A. Smith   What killed Havana, and what will revive it?  That question lies answered even if unasked in a New York Times article that reports a remarkable and remarkably hopeful mini-revival in Cuba:   Havana — As fixer-uppers go, Carmen Martinez’s derelict shotgun house is no cakewalk. The living-room roof collapsed 15 years […]