New York City’s homeowner registration requirements — a paperwork stage distinct from any rent regulation as such — are burdensome enough that neither Mayor Bill de Blasio nor Public Advocate Letitia James have succeeded in complying for the properties they own themselves. The registration requirement “also drives out smaller landlords, and provides a convenient way for bad tenants to get away without paying rent.” [DNAInfo New York, NY Renters Alliance via Future of Capitalism]
It squeezes some New Yorkers hard in order to provide what can be a $90,000-a-year windfall for a few [Josh Barro, New York Times] How has the policy worked in Washington, D.C. and nearby Montgomery County, Maryland? [Emily Washington, Market Urbanism]
More: Lots of goodies financed by taxpayers get thrown into the subsidy mix too, says Jim Epstein at Reason.
Critics of asset forfeiture have warned for years that it not only warps the priorities and incentives of law enforcement agencies, but creates a slush fund ripe for abuse by sidestepping the appropriations process. Now investigators accuse longterm Brooklyn D.A. Charles Hynes of using forfeiture funds to pay more than $200,000 to a P.R. consultant whose labors were largely devoted to advancing Hynes’s campaign. The consultant’s firm was paid more than $1 million over a decade. [New York Times]
Says the man who sued because he tried to climb a boulder in Manhattan’s Hudson River Park and fell off. Good news, Mr. Stock: you not only get to explore the world, you also get to explore the legal concept known as “assumption of the risk.” [Gothamist]
“A Connecticut man who says he was injured on New York City’s Citi Bike has filed a $15 million lawsuit against the bike-share operator. … His attorney says the 73-year-old now suffers from traumatic nerve palsy that left him unable to smell or taste.” [AP, NY Daily News]
Although we call it “rent control,” the key thing it controls is often not so much what you can charge for a lodging as whether you can ever reclaim it. This recluse successfully held out for $17 million to relinquish his moldy, squalid rented lodging at what is now 15 Central Park West. [New York Post]
P.S. But at least the U.N. likes the idea. While on the subject of legal insanity in NYC real estate: Andrew Rice, New York mag, “Why Run a Slum If You Can Make More Money Housing the Homeless?” I wrote about the epic New York City homeless-rights litigation in Schools for Misrule, and more links are here.
Queens, N.Y.: “A mailman who admitted making about $35,000 selling undelivered coupons wants $25 million-plus from JCPenney for blowing the whistle on his scheme. … it was unclear if Tang still works as a letter carrier.” [New York Post]
An arbitrator overseeing negotiations between New York City and unions is also a fund-raiser for incoming Mayor Bill de Blasio [Capital New York]
“…Because It Looks Too Much Like Smoking.” The invention and rapid spread in popularity of e-cigarettes might be seen as a sort of lab experiment to test the proposition: when you banned smoking, were you mostly concerned about the spillover effects on third parties or mostly being paternalistic toward tobacco users? [Jacob Sullum, Reason]