Developing Affordable Housing Ecosystems World Wide
Why would you buy an expensive home in a tony London neighborhood and then leave it empty?
Vacancies even in my tony neighborhood?
That concerns me.
Leave it to the Wall Street Journal to peep through Mayfair’s lace curtains:
LONDON — At an abandoned home with yellowing newspapers on its front stoop, Paul Palmer peeks through a mail slot [...]
[Continued from yesterday’s Part 1].
Yesterday’s post examined the hypothetical of raising property taxes while exempting a particular class of elderly homeowners from the increased costs they would vote to impose. As shown in a fascinating quantitative analysis, Massachusetts Proposition 2½, Simulating Overrides with Low-Income Elderly Exemptions, published in the Federal Reserve Bank of Boston article in [...]
Once we have accepted the principle that tax burdens should vary by taxpayer group – and everyone except a few economists have so accepted, at least in the world of political reality – we must choose who gains the more favored treatment – and how we package it.
Long ago, when I matriculated to [...]
[Continued from yesterday's Part 1.]
So there I was, mid-May in Dublin at the Foundation for Fiscal Studies’ 24th annual gathering, The Fiscal Treatment of Property, expanding on the topic Lessons from the United States and explaining US real estate taxation to a roomful of tax wonks.
Class, can you say ‘locally autonomous control’?
[Click here to [...]
What if you woke up one morning and local property taxes has been abolished?
No real estate tax escrows collected by your mortgagee.
No assessments, no city assessors.
Before you smile too broadly, I have to mention some other George-Spiggott-inspired conditions of the scenario:
I want only your immortal soul
No local autonomy on schools, police, fire, health. All [...]
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