Category: Tenure

Bon viager: Part 1, Synthesis of tenure

27 July, 2015 (11:50) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure | No comments

By: David A. Smith Just as water and ice are two forms of the same molecules, lump sums and cash flow streams can be the same present values, one just transmuted into another.  Over the decades, ambition transmutes into experience We’re familiar with some of the forms: 1. Mortgage loan.  Receive cash up front, make […]

Rent control: ownership’s upside with none of its downside

30 May, 2014 (12:55) | Apartments, Homeownership, Housing, Law, Markets, New York City, Rent control, Speculation, Tenure, US News | 1 comment

By:David A. Smith Consider home ownership’s many benefits, which include:   1. Security of tenure. You cannot be evicted as long as you make the basic payments. 2. Controllable occupancy cost. Your cost of living there does not go up unexpectedly or unaffordably. 3. A widening bargain element in your occupancy cost, as the years […]

The enemy of my enemy: Part 3, Take your head out of your clouds

20 November, 2013 (09:00) | Airbnb, Apartments, Disruptive technology,, Hotels, Housing, Innovations, New York City, Rent control, Rental, Tenure, US News, Zoning |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   By:David A. Smith After two posts about Airbnb’s resistance to the New York attorney general’s subpoena, as reported in Crain’s New York (October 13, 2013) and with additional material from the West Side Neighborhood Association’s web site (gray font), theNew York Daily News (October 2, […]

The enemy of my enemy: Part 2, A mockery of zoning

19 November, 2013 (09:00) | Airbnb, Apartments, Disruptive technology,, Hotels, Housing, Innovations, New York City, Rent control, Rental, Tenure, US News, Zoning |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Yesterday’s post on the widening battle between AIrbnb and New York’s attorney general, using a series of stories starting with Crain’s New York (October 13, 2013), then with additional material from the West Side Neighborhood Association’s web site (gray font), theNew York Daily News (October […]

The enemy of my enemy: Part 1, Balderdash for the gullible

18 November, 2013 (13:14) | Airbnb, Apartments, Hotels, Housing, Innovations, New York City, Rent control, Rental, Tenure, US News, Zoning |

By:David A. Smith   When a disruptive technology hits a stable ecosystem, the disruption will go far beyond business models, it also disrupts law and precedent and land use, and the results can splash in all directions. Indeed, the sudden discovery that however much I dislike my long-time policy adversary, he and I have common […]