March 27, 2015
Housing out of Thin Air
NYU’s Furman Center has posted a policy brief, Creating Affordable Housing out of Thin Air: The Economics of Mandatory Inclusionary Zoning in New York City. It opens, In May 2014, New York City’s new mayor released an ambitious housing agenda … Continue reading
March 27, 2015 in New York City | Permalink | No Comments
Friday’s Government Reports Roundup
CFPB releases report of KPMG audit of its operations and budget. In the report, CFPB agrees with KPMG’s findings about control deficiencies and is aiming to fix such deficiencies. FHFA releases report on progress of Fannie/Freddie Conservatorships in advancing access … Continue reading
March 27, 2015 in New York City | Permalink | No Comments
March 18, 2015
Reiss on Foreign Buyers in NYC
MainStreet.com quoted me in Foreign Buyers Driving Up Rental Prices Impacts New York Residents. The story opens, Emir Bahadir, a native of Turkey, purchased two apartments in Manhattan for the purpose of renting them out. The 24-year-old paid a total of … Continue reading
March 18, 2015 in New York City | Permalink | No Comments
March 11, 2015
Housing Affordability Across The Globe
The 11th Annual Demographia International Housing Affordability Survey: 2015 has been released. The survey provides ratings for metropolitan markets in Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the U.K. and the U.S. There are some interesting global trends: Historically, … Continue reading
March 11, 2015 in New York City | Permalink | No Comments
March 5, 2015
Housing and Vacancies in NYC
New York City’s Department of Housing Preservation and Development (HPD) has released its initial findings of its 2014 Housing and Vacancy Survey. There are some interesting findings about the housing stock, particularly for those of us who follow the NYC … Continue reading
March 5, 2015 in New York City | Permalink | No Comments
March 2, 2015
Airbnb and Profiteering
A NYC Housing Court judge issued a Decision/Order in 42nd and 10th Associates LLC v. Ikezi (No. 85736/2014 Feb. 17, 2015) that resulted in the eviction of a rent stabilized tenant who had rented his apartment through Airbnb at a … Continue reading
March 2, 2015 in New York City | Permalink | No Comments
Monday’s Adjudication Roundup
Morgan Stanley agrees to pay the DOJ $2.6 billion to end investigation about its mortgage-backed securities deals during the financial crisis. MetLife settles with DOJ for $123.5 million for issuing mortgages that did not meet underwriting standards. Settlement Agreement. Statement … Continue reading
March 2, 2015 in New York City | Permalink | No Comments
