Category: Regulation

If you can’t define it, you can’t use it: Part 2, my neighborhood, blight or wrong?

19 March, 2010 (09:53) | Atlantic Yards, Blight, Cities, Eminent domain, Law, New York City, Policy, Regulation, Theory | No comments

[Continued from yesterday's Part 1.]
 
By: David A. Smith
 
As we saw yesterday, using as our text a protracted City Journal editorial essay by Nicole Gelinas, when eminent domain is used for economic development (ED4ED) with a private developer as the implementing party, the potential for mischief is simply enormous – because the law of economic gravity [...]

If you can’t define it, you can’t use it: Part 1, the blight-line test

18 March, 2010 (09:51) | Atlantic Yards, Blight, Cities, Eminent domain, Law, New York City, Policy, Regulation, Theory | No comments

By: David A. Smith
 
Is blight, like beauty, in the eye of the beholder?

Houses to be condemned to make way for Atlantic Yards in Brooklyn. Look blighted to you?
 
Or is blight just a planner’s word for a city’s natural messiness?
 

Does this look blighted to you?
 
Though the question is metaphysical, the answer is anything but.  On that [...]

Sitting here in limbo

15 March, 2010 (10:42) | Capital markets, Finance, GSEs, Legislation and policy, Regulation, Subprime, US News | No comments

By David A. Smith
 
Sitting here in LimboWaiting for the tide to turn.Yeah, now, sitting here in Limbo,So many things I’ve got to learn.Meanwhile, they’re putting up a resistance,But I know that my faith will lead me on.
– Jimmy Cliff
 

And then the harder they come, the harder they fall, one and all!
 
Whither the GSEs?  A year [...]

A snapshot of India’s housing situation: Part 2, the opportunities

26 February, 2010 (12:15) | Finance, Global news, Housing, India, Policy, Rajiv Awas Yojana, Regulation | No comments

By: David A. Smith
 
[Continued from yesterday's Part 1.]
 
Now they know how many holes it takes to fill the Albert Hall
– The Beatles, A Day in the Life
 
If all you took from the February 11 Economic Times of India were the clips we highlighted yesterday, one could be forgiven for being depressed about India’s potential – [...]

A snapshot of India’s housing situation: Part 1, the challenges

25 February, 2010 (12:38) | Finance, Global news, Housing, India, Policy, Rajiv Awas Yojana, Regulation | No comments

By: David A. Smith
 
I read the news today, oh boy
– The Beatles, A Day in the Life
 
One day’s newspaper clippings – in this case, The Times of India, Thursday, February 11 – represent an info-montage of the world’s largest democracy muscling its way into the twenty-first century, and along the way the world’s largest and [...]