Category: Local taxation

The downward spiral

13 July, 2009 (11:12) | Cities, Landlords, Local issues, Local taxation, Massachusetts, Rental, Salisbury, Theory | No comments

Are bad landlords a disease or a symptom?  That’s the question tacitly asked by the Boston Globe in a practical and depressing article entitled Sun, sand, and seediness:
 

From the Boston Globe: dangling light in John Murphy’s cottage
 
SALISBURY – Light bulbs dangle from sockets fed by fraying wires. Water leaks from an uninsulated ceiling.
 
[Love that [...]

Spot the culprit

15 May, 2009 (09:46) | Co-ops, Local issues, Local taxation, New York City, Real estate taxes | No comments

This is a whodunit. Somebody’s paying more, and it’s somebody else’s fault. Who’s the culprit?

We all live in this co-op, and one of us will be financially murdered

But first, let’s meet the victim(s), since what is a good juicy newspaper story (in this case, from the New York Times) without a victim?

I’m [...]

The discreet charm of the bourgeois school

13 April, 2009 (10:38) | Co-ops, Local issues, Local taxation, New York City, Real estate taxes | No comments

[Previous posts on local taxation include Assessment of affordable housing, Local taxation: cui bono?, Real estate taxes: basic budget algebra, The states of play, Who pays property taxes? – Ed.]
 
From the Unintentional Humor Department of the New York Times comes this What-are-we-going-to-DO-about-this? story about new parents who are shocked, shocked to discover that where they [...]

Political zugzwang and the OMB passback

29 November, 2005 (10:24) | Concepts in housing, Finance, Local taxation |

A few weeks back, the Administration made a puzzling move whose deftness is becoming clearer the more I reflect on it.  By tabling a proposal to overhaul the tax code, the Administration has placed many other political players into political zugzwang: whatever they do, the Administration gains.
 
In chess, the German word zugzwang (”compulsion to move”) [...]