Category: Housing

What is efficiency? said jesting Pilate: Part 3, The judgment

8 February, 2017 (08:00) | Affordability, Apartments, Condominiums, Development, Housing, Incentives, New York City, Real estate taxes, Section 421-a, Speculation, Subsidy, Tax abatement, US News | No comments

  By: David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   As we’ve seen in Parts 1 and 2 of this surprisingly long post, seeking to reach a conclusion on the public-policy merits of New York’s section 421a tax abatement program, when applied to large condominium developments, Section 421a […]

What is efficiency? said jesting Pilate: Part 2, The analysis

7 February, 2017 (09:00) | Affordability, Apartments, Condominiums, Development, Housing, Incentives, New York City, Real estate taxes, Section 421-a, Speculation, Subsidy, Tax abatement, US News | No comments

  By: David A. Smith   [Continued from yesterday’s Part 1.]   After all the paired comparisons and the careful quantitative analysis, is Section 421a for condominiums a good program for New York City?   We’re actually twins by different parents   Yesterday’s Part 1, scrutinizing paired-comparison of condo sales throughout New York City over […]

What is efficiency? said jesting Pilate: Part 1, The evidence

6 February, 2017 (09:00) | Affordability, Apartments, Condominiums, Development, Housing, Incentives, New York City, Real estate taxes, Section 421-a, Speculation, Subsidy, Tax abatement, US News | No comments

  By: David A. Smith   Sources used in this post   Crain’s New York (30 January 2017) NYC Independent Budget Office report dated January 30, 2017 (pdf; green Georgia font),   For governments, subsidies exist for only two purposes: charity or incentive.    The 421a program is intended to spur new construction. It is […]

The homeless magnet: Part 9, Families have to play a role

2 February, 2017 (09:00) | Apartments, de Blasio, Development, Ecosystem, Homelessness, Housing, Incentives, Mobility, New York City, NIMBY, Politics, Poverty, Rental, Vouchers | No comments

  [Continued from the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, and Part 8.]   By: David A. Smith   After eight parts with no answer, we come to life’s full irony:   “By picking you, Steve, I expect NYC Legal Aid to get off my ass” […]

The homeless magnet: Part 8, More than twenty days of school

1 February, 2017 (08:53) | Apartments, de Blasio, Development, Ecosystem, Homelessness, Housing, Incentives, Mobility, New York City, NIMBY, Politics, Poverty, Rental, Vouchers | No comments

[Continued from the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.]   By: David A. Smith   Housing in the mist?  Kigali City Hall     Apology for posting delay   Last week I went to Kigali, Rwanda, for several days’ incredibly intensive work with the International […]