Category: New York City

Wetware beats hardware, but who pays?

24 December, 2009 (10:45) | Cities, Finance, Infrastructure, Innovations, Municipal Finance, New York City, Sanitation, Theory, Toilets | No comments

By: David A. Smith

 
If we can put a man on the Moon, why can’t we create clean, attractive public toilets in major cities?  That question is implicit in a little New York Times deposit on the subject of effective business models for urban defecation entitled We weren’t quite ready for the modern toilet [...]

Not illegal, merely despised

18 December, 2009 (15:29) | Apartments, New York City, Rental, Smoking | No comments

By: David A. Smith

 
Smoking isn’t illegal, yet so demonized has it become in America’s urban cores that creeping illegalization seems close at hand by its gradual eviction from any inhabited space.  Consider this little morality play from New York Times:
 
The movement to ban smoking in New York City has grown so quickly that no place [...]

Only when it rains: Part 2, pricey torts

24 November, 2009 (11:03) | Construction, Leaks, New York City, Water | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
“Do I have litigation exposure?”
“Only if you’re sued.”
 
Yesterday, according to the New York Times, it was raining water leaks.  Today it’s raining torts:
 
When a building is clearly out of compliance, talk quickly turns to lawsuits.
 
In spring, a young litigator’s fancy lightly turns to those of torts.
 
“The queen of [...]

A glut by any other name

20 October, 2009 (10:07) | Affordability, Apartments, Asset management, Demand, Housing, New York City, Theory, US News | No comments

By: David A. Smith
 
… is affordability?
 

Am I up when you’re down?
 
When the homeownership rate drops, what happens to apartment occupancy?  As illustrated by this Wall Street Journal article, the answer depends on two factors:
 
1. Why homeownership rates are dropping
2. How long it has been since the homeownership drop began
 
Start with a fact. 
 

Start with [...]

Temporary permanence?

1 September, 2009 (09:48) | Housing, Informal, New York City, Slums, Speculation | No comments

Here in the comfortable West, we think all our housing is formal, in contrast to that ‘informal’ housing they have in the global south – yet all around us, we tolerate permanent informality, because we think it temporary, as unwittingly revealed by this faintly touch-in-cheek Wall Street Journal article:
 

A sky of scrapers … if you [...]