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September 4, 2024
Kamala Harris’s Housing Plan Would Be Worse Than Doing Nothing
…buyers typically make a median down payment of around $10,500, or 3 percent of the home price. We estimate that even without the Harris proposal, 3 million of its recipients…
September 2, 2024
This Is How to Fix the Housing Crisis
…while overall inflation is dropping. The National Association of Realtors reports that the median sale price for an existing single-family home was $422,000 in the second quarter of 2024. One-half…
August 16, 2024
The Harris Campaign’s Foolish Down-Payment-Assistance Scheme
…report aptly titled “External Effects of Concentrated Mortgage Foreclosures,” found that “high-exposure neighborhoods tend to have a greater proportion of black and Hispanic residents, lower median incomes, lower median sales…
March 21, 2024
It’s Not Just Minority Neighborhoods—NYC’s Entire Property-Tax System Needs Reform
…if they’re rental properties. Small rental buildings in The Bronx are valued more highly than those in Brooklyn. Median assessed home values in Manhattan are lower than those in the…
March 8, 2024
State of the Union – Biden’s Housing Proposals Would be Harmful, Not Helpful
…points for two years on the median priced home. About 3.5 million middle-class families are expected to benefit. Problem: This proposal would increase demand for starter homes, which are already…
February 23, 2024
After Milton’s MBTA Housing Defeat, The Way Forward Is With Persuasion, Not Mandates
…Morever, this should not be framed in racial terms: 16 percent of Milton’s residents are Black, and 15 percent are Asian American, Latino, or multiracial. There’s another way to get residents…
February 6, 2024
NYCHA Corruption Means It’s Time To Privatize
…lied about a vital public-health matter — conducting lead-paint inspections of apartments — we learn NYCHA supervisors solicited bribes in exchange for no-bid repair contracts. US Attorney Damian Williams charged 70 NYCHA…
December 11, 2023
How Public Housing Encourages Single Parenthood and Penalizes Marriage
…data from HUD’s Office of Policy Development and Research, median income per person in public and subsidized housing is just $8,000 today, and 77 % of tenants are classified as “lowest-income”…
November 9, 2023
What Dems — And NYC — Can Learn From The GOP’s Bronx City Council Win
…are all mixed, they are black, Spanish, Indian,” she said. “I feel sad because why they doing this, I don’t understand.” That’s how a Republican can win in a district…
August 5, 2023
Rent Control ‘Shabbifying’ NY’s Housing As Owners Feel the Squeeze
…disappeared. The difference between median regulated rents ($1,400) and unregulated rents ($1,825) is not nearly as great as protestors would have folks think. And the rising vacancy rate suggests market…