Category: ownership

Cannot we consecrate? Part 2, “I expect we will sell it”

8 March, 2013 (09:00) | Affordability, Cabrini-Green, canon law, Chicago, churches, Housing, Land Value, Law, ownership, Public housing, Zoning |

[Continued from yesterday's Part 1.] By:David A. Smith   Yesterday, using half a dozen articles anchored by this report in the Boston Globe (October 20, 2012) (blue font), I followed the eight-year vigil of continuous trespassing occupancy by parishioners of St. Frances X. Cabrini Church in Scituate, which by now has become a set of […]

Cannot we consecrate? Part 1, “We are not their ATM”

7 March, 2013 (09:30) | Affordability, Cabrini-Green, canon law, Chicago, churches, Housing, Land Value, Law, ownership, Public housing, Zoning |

 By:David A. Smith   As I was researching and writing my multi-part piece on the redevelopment of churches into housing, I came across the remarkable story of St. Frances Cabrini in Scituate, a former church that ought to be redeveloped, and is not being redeveloped because of the stubbornness – they would say faith – […]

The ‘I don’t like you’ tax

6 March, 2013 (14:32) | Appraisals, Capital, China, Global news, Hong Kong, Local issues, ownership, Real estate taxes, rentals, Singapore, Speculation, Valuation |

By:David A. Smith   For the most full-on Monet of reasons (“from far away, it’s okay, but up close it’s a big old mess”), Signapore has imposed a hefty surtax on foreigners buying residential property in their thriving city state.  As reported in the Wall Street Journal (January 29, 2013):   Singapore’s Housing Tax Hits […]

Rent control: disproof by contradiction

18 January, 2013 (11:02) | Apartments, Law, logic, New York City, ownership, Rent control, Rent Stabilization, Rental, Theory |

By:David A. Smith   Convicted of multiple crimes, a homeowner is about to be deported after several years in prison, but before he leaves, he wants his girlfriend to have his house, only his ex-wife and her children (two of them this) refuses to leave.  So he goes to court to evict her.   Pretty […]