Category: Speculation

What is efficiency? said jesting Pilate: Part 3, The judgment

8 February, 2017 (08:00) | Affordability, Apartments, Condominiums, Development, Housing, Incentives, New York City, Real estate taxes, Section 421-a, Speculation, Subsidy, Tax abatement, US News | No comments

  By: David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   As we’ve seen in Parts 1 and 2 of this surprisingly long post, seeking to reach a conclusion on the public-policy merits of New York’s section 421a tax abatement program, when applied to large condominium developments, Section 421a […]

What is efficiency? said jesting Pilate: Part 2, The analysis

7 February, 2017 (09:00) | Affordability, Apartments, Condominiums, Development, Housing, Incentives, New York City, Real estate taxes, Section 421-a, Speculation, Subsidy, Tax abatement, US News | No comments

  By: David A. Smith   [Continued from yesterday’s Part 1.]   After all the paired comparisons and the careful quantitative analysis, is Section 421a for condominiums a good program for New York City?   We’re actually twins by different parents   Yesterday’s Part 1, scrutinizing paired-comparison of condo sales throughout New York City over […]

What is efficiency? said jesting Pilate: Part 1, The evidence

6 February, 2017 (09:00) | Affordability, Apartments, Condominiums, Development, Housing, Incentives, New York City, Real estate taxes, Section 421-a, Speculation, Subsidy, Tax abatement, US News | No comments

  By: David A. Smith   Sources used in this post   Crain’s New York (30 January 2017) NYC Independent Budget Office report dated January 30, 2017 (pdf; green Georgia font),   For governments, subsidies exist for only two purposes: charity or incentive.    The 421a program is intended to spur new construction. It is […]

Month in Review: October, 2016

5 January, 2017 (09:00) | Adaptive reuse, Boston, Boston Redevelopment Authority, Catholic Church, Economics, Housing, Land use, Month in review, religion, Scituate, Speculation | No comments

By: David A. Smith Because my September multi-part post on funeral homes (excerpted in the previous Month-in-Review) drifted in to October, what remained of the month was dominated by a lengthy post but interrupted for an intellectual sorbet via a Boojum: Yes, that’ll really help: When Marty Walsh was elected mayor of Boston over 1,000 […]

Month in Review: September, 2016

4 January, 2017 (09:00) | Bent Flyvbjerg, budgeting, Cities, funeral homes, Housing, megaprojects, Olympics, Speculation, Urbanism, US News | No comments

  By: David A. Smith   In this blog’s second decade, my posts have evolved away from reaction shots to short-term events – the world already has more of them than it needs, it doesn’t need mine – and have instead become a published commonplace book of discursive essays, wherein I exploit the freedom of […]