Category: Tenure

Month in Review, July 2015: Part 1, In wisdom’s rear-view mirror

14 August, 2015 (10:00) | AIG, Bankruptcy, Boston Redevelopment Authority, En viager, Homeownership, Housing, Land leases, Month in review, Policy, Reform, Reversionaries, Speculation, Takings, Tenure, US News |

By: David A. Smith For a month which traditionally begins summer’s biorhythmic slowdown, a lot went on in July, starting with finishing up a summer’s-starting post that dealt with an archetypal problem of common law and common land, access to and use of public beaches, We will fight them on the beaches: Part 3, The […]

Bon viager: Part 2, Synthesis of family

28 July, 2015 (10:00) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure |

[Continued from yesterday’s Part 1.] By: David A. Smith In exploring the en viager model of tenure, prompted by a story on BBC News (1 July 2015), we’ve established that en viager, aside from being an antiquated legal form that survives in French law (and is enjoying a revival driven by demography), also creates a […]

Bon viager: Part 1, Synthesis of tenure

27 July, 2015 (11:50) | Annuity, Apartments, Elderly, Escheat, Homeownership, Housing, Innovations, Mortgages, Paris, Rental, Tenure |

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, […]