Category: Insurance

Holdouts, free riders, and property rights: Part 4, I don’t like to sound like a tough guy

31 October, 2013 (09:00) | Community action, Disaster relief, easement, Eminent domain, free-rider problem, Housing, hurricanes, Infrastructure, Insurance, New Jersey, Property Rights, water |

By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   The threat of storm surge overrunning beach houses, described in the preceding parts of this post based on an article from the New York Times (September 5, 2013), so motivated most of the shoreline owners that they mounted all […]

Holdouts, free riders, and property rights: Part 3, People say we’re trying to bully or incite

30 October, 2013 (09:00) | Community action, Disaster risk, easement, Eminent domain, free-rider problem, Housing, hurricanes, Infrastructure, Insurance, New Jersey, Property Rights, water |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1 .]   As we’ve seen so far in this post, as revealed in this article from the New York Times (September 5, 2013) plus other sources (in colored fonts), the threat posed to New Jersey’s Long Beach Island shoreline property by major storms, a […]

Holdouts, free riders, and property rights: Part 2, Open their private beach to the general public

29 October, 2013 (09:00) | Community action, disaster risk mitigation, easement, Eminent domain, free-rider problem, Housing, hurricanes, Infrastructure, Insurance, New Jersey, Property Rights, water |

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday’s post on the continuing dune-construction political battle along Long Beach Island in New Jersey, using as primary source material an article from the New York Times (September 5, 2013), heavily supplemented with other sources (in colored fonts), had  identified the holdouts without giving their […]

Holdouts, free riders, and property rights: Part 1, It’s my business whether I sign or not

28 October, 2013 (10:00) | Community action, Disaster risk, easement, Eminent domain, free-rider problem, Housing, hurricanes, Infrastructure, Insurance, New Jersey, Property Rights, water |

By:David A. Smith   All of us hate being played for suckers, even more when we know it will work, as revealed in this article from the New York Times (September 5, 2013), tempers can run high:   Surf City, NJ. — Anchor Produce Market sells homemade mozzarella, its own fresh salsa and what many […]

Why we have building codes

12 September, 2013 (09:00) | Apartments, Building Codes, building permits, China, Earthquake, High-rise, informality, Insurance, Risk | 1 comment

By:David A. Smith   Improvability is one of the cardinal benefits of homeownership; something about tinkering with our dwelling inspires people to invest in themselves and their families.  It’s thoroughly understandable, and in most ways commendable.    The lower door to Sam Rodia’s Watt Towers   At the same time, home improvement can become an […]