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Dodged a bullet and nearly signed a lease for an apartment right next to a firehouse. What are some neighboring uses that you actively try to avoid while on the apartment hunt?
Tweets from M. Nolan Gray
@mnolangray on Twitter
Portland's streetcar succeeded as a tool for increasing urban vibrancy because it was first a tool for neighborhood development. This fact is important for two reasons: first, because it is a mistake to promote a streetcar in the absence of a major real estate opportunity and, second, because such an opportunity suggests the presence of private parties who stand to benefit tremendously from the investment. And these parties should want to help pay for it.
By charging market rents for these apartments or leasing land for private development, the Singaporean government uses its land bank and market rents as a source of government revenue — what Haila calls “fiscal rent” — which can then be spent on public transportation projects, welfare benefits and other important social programs.
Rents Are Skyrocketing. Let’s Buy Back the Land. | NOEMA
noemamag.com
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