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October 15, 2024
Lefty NYC Council Add-Ons to Mayor’s ‘City of Yes’ Would Worse Housing Crisis
…housing has crumbled. Here’s something Speaker Adams and the entire City Council should ponder: Under Argentina’s libertarian President Javier Milei, that country’s largest city, Buenos Aires, precipitously “scrapped” its rent…
October 2, 2024
AOC’s “Social Housing” Dead End
…investment fall. One indicator of the popularity of AOC’s vision: at a time of sharply rising housing demand, median prices for Co-op City units last year fell 43 percent. Still, Ocasio-Cortez hopes…
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…
January 23, 2024
A Follow-Up on My Recent Testimony to the Joint Economic Committee on Policy Approaches to Increasing the Supply of Affordable Housing
…offers generous tax credits for builders that rent units to tenants earning below 60% of area median income. During the hearing’s Q&A, I did not have time to elaborate on…