The mayor, his supporters, and public opinion convinced their previously reluctant governor to agree to a tax on the second (or third, fourth, fifth, etc.) homes of their city’s nonresident rich.
real estate
Posted inEconomic Policy
Private Equity Saks Another Retail Outlet
It’s the old story: Load up companies with debt, pull out all the value, and leave them as a dead shell.
Posted inTAP
You, Too, Can Name Valuable Public Institutions After President Trump!
Herewith, a to-do list for 2026
Posted inEconomic Policy
How the AI Bubble Might Play Out
Investment in new technology always needs startup financing, and if AI is truly God in the machine, wide adoption will pay off over time. But that isn’t materializing, at least not yet.
Posted inHousing
Progressive Mayors vs. Developers
In New York, one of the toughest challenges that Mayor-elect Zohran Mamdani faces will be preserving and increasing the supply of affordable housing. Same story in Boston, where progressive Mayor Michelle Wu is constrained by similar forces.
Posted inHousing
Remedying the Workforce Housing Crisis
Rising rents have been particularly pronounced in the workforce housing segment, squeezing tenants across the country. According to a new report, most regions nationwide experienced workforce housing rent increases of 20 percent or more from 2021 to 2025.
Posted inHousing
The Lost Dream of Obam-a-Lago
Long before the September 30 ICE raid, Chicago’s South Shore neighborhood had been ravaged by a series of sprawling apartment building pump-and-dump schemes, aided and abetted by industrial-scale mortgage fraud, old-fashioned government inaction, and a smattering of Venezuelan gangsters.
Posted inMoney, Politics, and Power
Crypto Bros Want to Create Micro Landlords
You might expect crypto enthusiasts to look down their noses at landlording as an antiquated way to earn a fortune, not worth their time when they are busy democratizing money. But in finance, everything old is new again. “Fractional ownership” of “tokenized real estate,” the latest crypto scheme, works like this: a company sells investors […]
Posted inHousing and Transportation
Rent Debtors Strike Against Abusive Corporate Landlord
The Debt Collective is leading the charge against the real estate behemoth Equity Residential.
Posted inPolitics
Michelle Wu, the Boston Beacon of Progress
Boston Mayor Michelle Wu’s first-term achievements shine, but numerous challenges persist after her re-election.
