Tuesday, April 16, 2024

The Closer

New York City’s rent control laws erase property rights and worsen housing supply

Owning property means more than having your name on a deed. Lawyers and judges often refer to property ownership as a “bundle of rights,” because with ownership comes more than just the mere right...

How deregulating real estate markets can solve America’s shortage of affordable housing

The deregulation of real estate markets doesn’t just make economic sense. It is also a moral imperative. In the early twentieth century, known as the “progressive era,” the United States embarked on a spree of...

Tax reform has potential to solve the housing affordability crisis

“Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort.” You might be forgiven if you...

We can heal nation through housing

As we have seen time and time again, individuals, families and children able to afford quality shelter live better, healthier lives. Unfortunately, it is well documented that too many cannot. In 46 New York City schools...

HUD’s race-based housing

A major goal of President Obama's second term is to use the brute force of government to reduce inequality. This played out in the struggle over tax increases, but the Obama bureaucracies will do the...

The cost of inaction

Most of us share a common trait: We are “housers.” We understand the foundational importance of the home. Our homes, of course, meet a basic need—shelter. But our homes can and should also provide stability...

Corporate greed isn’t driving inflation

Inflation has reached its highest level in nearly 40 years, and everyone is looking for answers. Before fiscal and monetary authorities can muster a policy response, we need to understand what is causing inflation....

The multifamily industry lost in ‘86: That can’t happen again

Not since the days of Ronald Reagan, Bill Bradley and Jack Kemp has a wholesale overhaul of America’s tax code been a serious prospect. However, with President Donald Trump’s surprise victory in November and...

Time to restore local control over zoning—and end Obama’s HUD intrusion

Affirmatively Furthering Fair Housing allowed HUD to halt distribution of more than $3 billion of annual community development block grants to about 1,200 counties and cities unless the recipients abide by federal dictates on...

Rent control raises housing costs

A new paper analyzes the effects of rent control expansion in the city and finds that it reduced rental housing supply, causing a city wide-rent increase. People are understandably worried about the cost of living,...

Why Biden’s plan to help make housing affordable will make it more expensive

Because the 2020 election was largely a referendum on President Donald Trump, many of Joe Biden’s policy proposals have been overlooked until now. The recent announcement of some of his cabinet picks shows that...

Are there enough shovel-ready workers?

In a 9/15 campaign speech at the New York Economic Club, he predicted that his plan would increase employment by 25 million new jobs over the next 10 years. I looked at the 10-year...

When Washington bureaucrats hold the reins of power

The Biden administration was in a box in late July. They desperately wanted to extend the Centers for Disease Control and Prevention’s controversial eviction moratorium. But the judicial writing was on the wall. They...

New lawsuit in Seattle: Housing ordinance is unfair and unconstitutional

Seattle’s Fair Chance Housing Ordinance, passed by city council in 2017, forbids landlords from considering applicants’ criminal histories when selecting tenants. In other words, landlords cannot base a rental decision on concerns over their...

Criminals vs. property owners

But adjudication processes by regulatory agencies are different, and sometimes result in property owners being treated worse than criminals. In criminal law, due process works to ensure that innocent people are not convicted of crimes....
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