March 29, 2017
Wednesday’s Academic Roundup
- This paper, titled Economic Policy and Systemic Risk: The Un-Constitutionality of Rent Control/Rent-Stabilization Statutes; Multiple Listing Systems; and the Licensing of ‘Real Estate Websites’, discusses how Multiple Listing Systems (MLS), Real Estate Website Laws (REWL), and Rent-Control and Rent-Stabilization statutes (RC-RS) are un-constitutional and affected the rapid changes in housing prices and housing demand which occurred in the US between 1995 and 2010.
- Bargaining and mortgage financing have been extensively studied in the literature. However, they have only been studied separately. This paper, titled Bargaining, Mortgage Financing and Housing Prices, is the first to embed financing into a bargaining model, and our model yields several new insights.
- The Housing and Mortgage Crisis at the turn of the 21st Century has overwhelmed traditional housing and neighborhood code enforcement policing in many neighborhoods in cities across the nation. This short paper, titled Code Compliance Enforcement in the Mortgage Crisis, suggests what needs to be done to make code enforcement more effective in both preventing and recovering from the damage done in hard hit communities. It lists 10 policies and practices that are being used to good effect.
- National data suggests that notwithstanding its placement in the firmament of modern landlord-tenant law, few tenants actually assert breach of the implied warranty of habitability, whether affirmatively or defensively. Even in housing markets fraught with substandard rental dwellings, the warranty is underutilized. This Article, titled The Implied Warranty of Habitability Lives: Making Real the Promise of Landlord Tenant Reform, endeavors to examine that lapse in the context of nonpayment of rent proceedings initiated by landlords in Essex County, New Jersey.
