Category: Rent Stabilization

Outbreak of informality: Part 2, Don’t think of it as protection money

19 September, 2013 (09:00) | Airbnb, Apartments, Formalization, Hotels, Housing, informality, Markets, New York City, Regulation, Rent Stabilization, Rental, Sublets, Theory, US News |

[Continued from yesterday's Part 1.]   By:David A. Smith   In yesterday’s post, riffing on a short article in Crains New York (August 19, 2013) about New York City’s efforts to ‘do something’ about the outbreak of people renting their apartments for short-term stays via Airbnb and similar web sites, I explored the whole category […]

Outbreak of informality: Part 1, Ignore it and hope it’ll go away

18 September, 2013 (11:15) | Airbnb, Apartments, Formalization, Hotels, Housing, informality, Markets, New York City, Regulation, Rent Stabilization, Rental, Sublets, Theory, US News |

By:David A. Smith   An epidemic of informality is breaking out in New York City, and, as reported in Crains New York (August 19, 2013), the authorities are overwhelmed.  Will they be able to contain the epidemic before all are infected?   Sublets!  We want sublets!   The invaders have opened a portal into the […]

Chez Reductio ad Gotham

5 August, 2013 (14:13) | Airbnb, Entrepreneur, Hotels, Housing, informality, Markets, New York City, Regulation, Rent control, Rent Stabilization, US News |

By:David A. Smith   When laws are rotten, regulations become absurd and stakeholder behaviors become perverse; ergo, when you discover progressively more absurd regulations and ever more perverse stakeholder behaviors, you can be sure that at root are rotten laws – as in this New York Post (July 22, 2013) tale of fraud, conspiracy, income […]

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 […]

Theatre of the inequitably absurd

24 February, 2012 (09:43) | Apartments, Cherry Lane, Ecosystem, New York City, Rent control, Rent Stabilization, Rental, Subsidy |

By:David A. Smith   Lifelong New York resident seeks philanthropic theater-lovers to maintain him in residence, doing nothing for the theatre, for $52,800 annually.  Thanks will not be forthcoming.  Send checks to 38 Commerce Street, NYC, made payable to Arnold.   How’s that for a solicitation?  Does it stir your heart strings?   Worthy of […]