Developing Affordable Housing Ecosystems World Wide
If to a hammer everything looks like a nail, to a government everything should be solved by lawyers, guns, or money. So when the government factory wants to achieve particular public-policy results, it manufactures either or both of its products – laws and money – to motivate private participants, principally Mission Entrepreneurial Entities (MEEs), as [...]
[Continued from yesterday's Part 1.]
So there I was, mid-May in Dublin at the Foundation for Fiscal Studies’ 24th annual gathering, The Fiscal Treatment of Property, expanding on the topic Lessons from the United States and explaining US real estate taxation to a roomful of tax wonks.
Class, can you say ‘locally autonomous control’?
[Click here to [...]
What if you woke up one morning and local property taxes has been abolished?
No real estate tax escrows collected by your mortgagee.
No assessments, no city assessors.
Before you smile too broadly, I have to mention some other George-Spiggott-inspired conditions of the scenario:
I want only your immortal soul
No local autonomy on schools, police, fire, health. All [...]
[Previous Months In Review available here: Apr 09, Mar 09, Feb 09, Jan 09]
Though housing is the output of an enormously complex, ever-changing, hugely capitalized value chain, unlike other abstract capital-markets products like Credit Default Swaps, we all connect to it because we live in its [...]
[Continued from yesterday's Part 1.]
In yesterday’s post, via a this-can’t-be-happening breathless story in the Memorial Day weekend Sunday Daily Mail, we encountered a group of British Travellers who, in the manner of worker ants setting out to build a new colony, have been industriously working nights and weekends to lay out, grade, service, and occupy [...]
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