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,...
The “folly” of fair housing
These obligations are not made out of whole cloth, but were explicitly set out in the Fair Housing Act of 1968 (FHA), which has two separate parts. The first is a general command prohibiting...
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...
Why is California behind Texas and other states in curbing homelessness?
Homelessness is surging nationwide. Homelessness rates rose an astonishing 15 percent on average in major cities last year. It seems like the rest of the U.S. is waking up to what California has been...
Making Disparate Impact deliver fairness
HUD’s proposed revisions to our disparate-impact rule enhance our commitment to fairness for everyone.
Everyone agrees that discrimination has no place in society. But everyone also agrees that a city should be able to require...
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 future of housing
While our industry has often been slow to adopt new technologies, the opposite, of course, is true of the electronics industry. As such, I decided to attend the Consumer Electronics Show (CES) held earlier...
Climate forecast: muting the alarm
The 2007 report was riddled with errors about Himalayan glaciers, the Amazon rain forest, African agriculture, water shortages and other matters, all of which erred in the direction of alarm. This led to a...
What goes wrong when the government interferes with prices
Prices are a fact of life, and so is complaining about them. You probably prefer lower prices on just about everything, but especially when buying a house or paying for college, and you wish...
NMHC weighs in on HUD
After considering the Administration’s goal as well as its previous attempts to shoehorn minorities into largely homogenous communities in which they otherwise could not afford to live, the author comes to this conclusion:
“Seemingly incapable...
The recession is a media myth
But over the last half-year, the media and politicians have said we were in a recession even while the economy was still growing.
Gas prices are going up. The economy is slowing. Talk of recession...
Apartment industry at a crossroads
It is obvious that there has been a fundamental change in the demand for homeownership over the last few years. Fiscal policies and social pressures have encouraged American consumers to buy homes, oftentimes biting...
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...
The urgency of protecting the electric grid from cyberattacks
Multifamily owners and operators are the single largest dispenser of utilities in the nation. An electric grid failure would be catastrophic for operations and to residents, many of whom currently work from home.
The clock...
Money for nothing
In 1985, British rock band Dire Straits complained, “They ain’t workin’, that’s the way you do it; Money for nothing and your chicks for free.” The lyrics criticized the excesses of nouveau riche rock...
